Nils Bernstein: Recent economic and financial developments in Denmark Speech by Mr Nils Bernstein, Governor of the National Bank of Denmark, at the Annual Meeting of the Danish Bankers Association, Copenhagen, 30 November 2005. *  *  *  I appreciate the friendly welcome that I have been given by the banking industry and thank you for this invitation to speak today.
Let me start by stating that I intend to continue the line set by my predecessor in relation to monetary and foreign-exchange policy. This policy has served Denmark well. I have been around for so long that I remember the time when we used exchange-rate adjustments actively to solve our structural problems.