06 Feb 2015

Danish currency wobbles: A positive unintended side effect of the ECB’s QE?

Cinzia Alcidi / Thomas Barnebeck Andersen / Mikkel Barslund

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In response to the sustained pressure recently experienced by the Danish krone, Denmark may be forced to abandon its 30-year old peg to the euro. If this scenario unfolds, this CEPS Commentary argues that it will be no bad thing for the eurozone.

Cinzia Alcidi is LUISS Research Fellow and Head of the Economic Policy unit at CEPS, Thomas Barnebeck Andersen is Professor of Economics at University of Southern Denmark and Mikkel Barslund is Research Fellow at CEPS.