Denmark opens its risk books

New Angles

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Danmarks Nationalbank has taken the unusual step of publishing a booklet describing its principles and methodologies for portfolio and financial management. Denmark’s central bank is the first to publish a stand-alone book detailing its foreign exchange reserve management policies, and observers say the move could be part of a wider trend towards transparency among central banks.

Ib Hansen, head of risk management at Danmarks Nationalbank, says the bank has always been open about how it

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