This autumn intermediaries will also be required to specify the additional capital safeguards to be constituted, where necessary, as part of the obligations laid down under the second pillar of Basel II.
It is worth examining whether this has led to more unstable inflation and growth in Denmark and Finland in recent years than in Sweden and Norway, which both have floating-exchange-rate regimes. To this end Danmarks Nationalbank has compared the development in the four Nordic countries after 1996. The results are published in an article in our Monetary Review to be published on 4 December.