Dear Colleagues, Prior to the global financial crisis, only a few countries in the EU made use of macroprudential measures, and there was a great deal of uncertainty over which instruments to choose – and how to calibrate them. But that has changed. I would therefore like to quickly zoom in on the European dimension.
Nils Bernstein: The fiscal compact Speech by Mr Nils Bernstein, Governor of the National Bank of Denmark, at the hearing on the fiscal compact conducted by the European Affairs Committee of the Danish Parliament, Copenhagen, 9 February 2012. *  *  *  What is the essence of the fiscal compact?