Denmark

Once the seat of Viking raiders and later a major north European power, Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe. It joined NATO in 1949 and the EEC (now the EU) in 1973. However, the country has opted out of certain elements of the European Union's Maastricht Treaty, including the European Economic and Monetary Union (EMU), European defense cooperation, and issues concerning certain justice and home affairs.

Economical characteristics

 * Currency: Danish krone (ISO code: DKK)
 * Central bank discount rate: 1.2% (31 December 2009)
 * Commercial banks lending rate: NA%
 * Stock of money (M1): $155.6 billion (31 December 2009)
 * Quasi money (with M1 makes M2): $95.82 billion (31 December 2008)

Notable events:

 * Banking crisis: January 1813, 1857, 1877, 1885, February 1902, 1907, 1921, 1931, 1987-1992, 2008
 * Public default: 1813 (domestic)
 * Years in inflation: 1.9% (share of years 1800-2009 with annual inflation above 20 per cent per annum)

Links

 * Denmark on Wikipedia
 * Central bank of Denmark
 * BBC country profile
 * How welfare made the economy sick, part 2 and part 3, by Dann Vinther, March 2011