New Calculation of Danmarks Nationalbank's Effective Krone-Rate Index
Erik Haller Pedersen and
Mikkel Plagborg-Moller
Working Paper from Harvard University OpenScholar
Abstract:
Danmarks Nationalbank regularly publishes an index of the development in the strength of the krone, the effective krone-rate index, and an index of the competitiveness of the Danish manufacturing sector, the real effective krone-rate index. Changing trade patterns make it necessary to revise the weights of the currencies in the index from time to time. The 2009 weights are presented below. The most recent revision of the weights is documented in Pedersen (2004).
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