Tag Archives: Denmark

Swiss Franc The Euro has fallen by 0.08% to 1.0531 EUR/CHF and USD/CHF, March 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Dramatic price action continues but in the other direction.  Stocks and bonds have rallied strongly, and the US dollar is snapping a strong advance with a sharp and broad setback. The immediate trigger is hard to identify. Some accounts linking it to fears that the California shutdown...

The Bretton Woods system was intentionally set up to funnel monetary convertibility through official channels. The primary characteristic of any true gold standard is that any person who wishes can change paper claims into hard money. It was as much true in any one country as between those bound by the same legal framework (property). What might differ were the standards for satisfying those claims (“good delivery”...

The Local reports that in order to cut costs, Denmark’s parliament passed a bill in December that will lead to the imposition of an “education cap.” The bill restricts individuals who already have a higher education degree from pursuing a degree in another field at the same or a lower level.

The Economist suggests that Danish Hygge (or German Gemütlichkeit) might go hand in hand with exclusion of strangers. Denmark’s own natives may rank it top for happiness, but the immigrants in the survey [among expatriates] ranked it 60th in terms of friendliness, 64th for being made to feel welcome, and 67th for the ease of finding friends. … If cultures are obsessed with the joys of relaxing with old friends, perhaps it is because they find it stressful to make new ones.

In an NBER working paper entitled “The Scandinavian Fantasy: The Sources of Intergenerational Mobility in Denmark and the U.S.,” Rasmus Landersø and James J. Heckman argue that [m]easured by income mobility, Denmark is a more mobile society, but not when measured by educational mobility. … Greater Danish income mobility is largely a consequence of redistribution … policies. While Danish social policies for children produce more favorable cognitive test scores for disadvantaged children,...