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Central Bank Research Hub - Bank of Finland Discussion Papers



Bank runs, liquidity and credit risk

by Jukka Topi2008/12
(14 May 2008)
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 Full text

Efficiency and costs of payments: some new evidence from Finland

by Kari TakalaMatti Viren2008/11
(07 May 2008)
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 Full text

The signalling hypothesis revisited: Evidence from foreign IPOs

by Bill B FrancisIftekhar HasanJames R LothianXian Sun2008/10
(06 May 2008)
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Using financial markets information to identify oil supply shocks in a restricted VAR

by Marko Melolinna2008/09
(18 Mar 2008)
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On the importance of borrowing constraints for house price dynamics

by Essi EerolaNiku Määttänen2008/08
(17 Mar 2008)
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Evaluating innovation policy: a structural treatment effect model of R&D subsidies

by Tuomas TakaloTanja TanayamaOtto Toivanen2008/07
(12 Mar 2008)
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Cointegration implications of linear rational expectation models

by Mikael Juselius2008/06
(11 Mar 2008)
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Along but beyond mean-variance: Utility maximization in a semimartingale model

by Heli Huhtala2008/05
(10 Mar 2008)
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Market power and merger simulation in retail banking

by József Molnár2008/04
(27 Feb 2008)
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One Money, Several Cycles? Evaluation of European business cycles using model-based cluster analysis

by Patrick M Crowley2008/03
(26 Feb 2008)
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Consumer awareness and the use of payment media: evidence from young Finnish consumers

by Ari HyytinenTuomas Takalo2008/02
(25 Feb 2008)
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Regulatory choices in global financial markets - restoring the role of aggregate utility in the shaping of market supervision

by Peik Granlund2008/01
(13 Feb 2008)
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2007

The lending channel under optimal choice of monetary policy (JEL E51, E52, G21)

by Juha KilponenAlistair Milne2007/33
(26 Dec 2007)
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Expectations, learning and monetary policy: an overview of recent research (JEL D84, E31, E52)

by George W EvansSeppo Honkapohja2007/32
(25 Dec 2007)
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Robust learning stability with operational monetary policy rules (JEL D84, E31, E52)

by George W EvansSeppo Honkapohja2007/31
(24 Dec 2007)
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What determines commercial banks' demand for reserves in the interbank market? (JEL E43, E52, E58)

by Michal Kempa2007/30
(23 Dec 2007)
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The international transmission of monetary policy in a dollar pricing model (JEL F30, F41, F42)

by Juha Tervala2007/29
(22 Dec 2007)
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‘Some unpleasant fiscal arithmetic': the role of monetary and fiscal policy in public debt dynamics since the 1970s (JEL C22, E62, H62)

by Harri Hasko2007/28
(21 Dec 2007)
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Integration in euro area retail banking markets - convergence of credit interest rates (JEL F36, G21)

by Laura Vajanne2007/27
(20 Dec 2007)
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GDP at risk in a DSGE model: an application to banking sector stress testing (JEL E13, E37, G21, G28)

by Esa JokivuolleJuha KilponenTero Kuusi2007/26
(19 Dec 2007)
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A case for interest-rate smoothing (JEL E52, F31)

by Mikael Bask2007/25
(18 Dec 2007)
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Optimal monetary policy in a hybrid New Keynesian model with a cost channel (JEL E52, E61)

by Mikael Bask2007/24
(05 Dec 2007)
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Exchange rate volatility, macro announcements and the choice of intraday seasonality filtering method (JEL C22, C49, C52, E44)

by Helinä Laakkonen2007/23
(28 Nov 2007)
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Instrument rules in monetary policy under heterogeneity in currency trade (JEL C62, E52, F31, F41)

by Mikael Bask2007/22
(20 Nov 2007)
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Optimal monetary policy under heterogeneity in currency trade (JEL C62, E52, F31, F41)

by Mikael Bask2007/21
(14 Nov 2007)
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Measuring potential market risk (JEL G11)

by Mikael Bask2007/20
(13 Nov 2007)
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Long swings and chaos in the exchange rate in a DSGE model with a Taylor rule (JEL C65, E32, E44, E52, F31)

by Mikael Bask2007/19
(12 Nov 2007)
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Monetary policy, expected inflation and inflation risk premia (JEL E43, E44, E5, G12)

by Federico RavennaJuha Seppälä2007/18
(12 Oct 2007)
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Pre-emptive horizontal mergers: theory and evidence (JEL D43, D44, G14, G34, L13)

by Jozsef Molnar2007/17
(11 Oct 2007)
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Bank ownership and efficiency in China: what lies ahead in the world's largest nation? (JEL F23, G21, G28, G34)

by Allen N BergerIftekhar HasanMingming Zhou2007/16
(10 Oct 2007)
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Financial fragility, macroeconomic shocks and banks' loan losses: evidence from Europe (JEL E44, G21)

by Jarmo Pesola2007/15
(09 Oct 2007)
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Estimating a small DSGE model under rational and measured expectations: some comparisons (JEL C52, E20, E52)

by Maritta Paloviita2007/14
(03 Oct 2007)
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Portfolio effects and efficiency of lending under Basel II (JEL D41, D82, G14, G21, G28)

by Esa JokivuolleTimo Vesala2007/13
(01 Oct 2007)
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Integration of financial supervision (JEL G21, G22, G28)

by Helena Holopainen2007/12
(24 Sep 2007)
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Managers and efficiency in banking (JEL G21, L25, M19)

by Karlo Kauko2007/11
(18 Sep 2007)
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When do R&D subsidies boost innovation? Revisiting the inverted U-shape (JEL D40, H25, L10, O31)

by Juha KilponenTorsten Santavirta2007/10
(13 Sep 2007)
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Adjustment of the US current account deficit (JEL E61, F32)

by Mika Kortelainen2007/09
(12 Sep 2007)
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Discretion and the transmission lags of monetary policy (JEL E52, E58, E61)

by Juha KilponenKai Leitemo2007/08
(28 Aug 2007)
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Multiple safety net regulators and agency problems in the EU: is Prompt Corrective Action a partial solution? (JEL F20, G28, K23)

by David G MayesMaría J NietoLarry Wall2007/07
(11 Jun 2007)
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Robust Taylor rules in an open economy with heterogeneous expectations and least squares learning (JEL E52, F31)

by Mikael BaskCarina Selander2007/06
(09 May 2007)
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Household loan loss risk in Finland - estimations and simulations with micro data (JEL D14, E47, G21, R29)

by Risto HerralaKarlo Kauko2007/05
(07 May 2007)
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Bank behaviour with access to credit risk transfer markets (JEL G20, G21, G28)

by Benedikt GoderisIan W MarshJudit Vall CastelloWolf Wagner2007/04
(28 Feb 2007)
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Why is Europe lagging behind? (JEL E22, E23, O51, O52)

by Ilmo Pyyhtiä2007/03
(26 Feb 2007)
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A note on the national contributions to euro area M3 (JEL E31, E51, M3, M3)

by Aaron Mehrotra2007/02
(07 Feb 2007)
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Phoenix rising: Legal reforms and changes in valuations in Finland during the economic crisis (JEL G34, K22)

by Timo KorkeamäkiYrjö KoskinenTuomas Takalo2007/01
(06 Feb 2007)
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2006

Finnish consumers' expectations on developments and changes in payment habits. Survey in connection with the research projectFinnish payment habits 2010' (JEL A14, D14, L81, O33)

by Tomi DahlbergAnssi Öörni2006/32
(03 Oct 2006)
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The effect of lenders' credit risk transfer activities on borrowing firms' equity returns (JEL G12, G21)

by Ian W Marsh2006/31
(03 Oct 2006)
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The importance of attractive prices in pricing dynamics (JEL D01, E42)

by Ville Aalto-Setälä - Robert M Schindler2006/30
(03 Oct 2006)
 Abstract
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A global house price bubble? Evaluation based on a new rent-price approach (JEL G12)

by Katja Taipalus2006/29
(03 Oct 2006)
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Population ageing in a small open economy - some policy experiments with a tractable general equilibrium model (JEL E13, H55, J11, J26)

by Juha KilponenHelvi KinnunenAntti Ripatti2006/28
(03 Oct 2006)
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Rating targeting and the confidence levels implicit in bank capital (JEL G21, G32)

by Esa Jokivuolle - Samu Peura2006/27
(03 Oct 2006)
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The adverse selection problem in imperfectly competitive credit markets (JEL D43, D82, G21, L13)

by Ville MälkönenTimo Vesala2006/26
(03 Oct 2006)
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Monetary policy and rejections of the expectations hypothesis (JEL E43, E44, E5, G12)

by Federico RavennaJuha Seppälä2006/25
(03 Oct 2006)
 Abstract
 Full text

Financial market integration and the value of global diversification: evidence from US acquirers in cross-border mergers and acquisitions (JEL G15, G31, G34)

by Bill B FrancisIftekhar HasanXian Sun2006/24
(03 Oct 2006)
 Abstract
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The use of loan loss provisions for capital management, earnings management and signalling by Australian banks (JEL C23, G14, M41)

by Asokan AnandarajanIftekhar HasanCornelia McCarthy2006/23
(03 Oct 2006)
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Forecasting market crashes: further international evidence (JEL C14, G12, G15)

by Terhi Jokipii2006/22
(03 Oct 2006)
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ATM networks and cash usage (JEL E41, E51)

by Heli Snellman - Matti Virén2006/21
(03 Oct 2006)
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Why the marginal MRO rate exceeds the ECB policy rate? (JEL D44, E58)

by Tuomas Välimäki2006/20
(03 Oct 2006)
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The role of comparing in financial markets with hidden information (JEL G21, G24)

by Juha-Pekka Niinimäki - Tuomas Takalo - Klaus Kultti2006/01
(16 Mar 2006)
 Abstract
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Why do bank runs look like panic? A new explanation

by Yehnign Chen - Iftekhar Hasan2006/19
(31 Jan 2006)
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How hard is the euro area core? An evaluation of growth cycles using wavelet analysis

by Patrick M Crowley - Douglas Maraun - David Mayes2006/18
(31 Jan 2006)
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The cyclical behaviour of European bank capital buffers

by Terhi Jokipii - Alistair Milne2006/17
(31 Jan 2006)
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Legislation, investor protection and financial growth (JEL G14, G32, G38)

by Elina Rainio2006/16
(31 Jan 2006)
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Contagion and interdependence: measuring CEE banking sector co-movements (JEL F30, F40, G15)

by Terhi Jokipii - Brian Lucey2006/15
(31 Jan 2006)
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Open market operations: beyond the new consensus (JEL E52, E58)

by Jan Toporowski2006/14
(31 Jan 2006)
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Money market volatility - A simulation study (JEL E43, E44, E52)

by Michal Kempa2006/13
(31 Jan 2006)
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Labour taxation and shock propagation in a New Keynesian model with search frictions (JEL E24, E32, J64)

by Juuso Vanhala2006/12
(31 Jan 2006)
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The effect of a transaction tax on exchange rate volatility (JEL F31, F42, G15, G28)

by Markku Lanne - Timo Vesala2006/11
(31 Jan 2006)
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Fundamentals and technical trading: behaviour of exchange rates in the CEECs (JEL C23, F31, F36)

by Mikael Bask - Jarko Fidrmuc2006/10
(31 Jan 2006)
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The stability of electricity prices: estimation and inference of the Lyapunov exponents (JEL C12, C14, C22)

by Mikael Bask - Tung Liu - Anna Widerberg2006/09
(31 Jan 2006)
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Exchange rate volatility without the contrivance of fundamentals and the failure of PPP (JEL F31, F41)

by Mikael Bask2006/08
(31 Jan 2006)
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Adaptive learning in an expectational difference equation with several lags: selecting among learnable REE (JEL C62, F31, G12)

by Mikael Bask2006/07
(31 Jan 2006)
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Announcement effects on exchange rate movements: continuity as a selection criterion among the REE (JEL E51, E52, F31, G12)

by Mikael Bask2006/06
(31 Jan 2006)
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Labour and product market competition in a small open economy - Simulation results using a DGE model of the Finnish economy (JEL C68, E60)

by Juha Kilponen - Antti Ripatti2006/05
(31 Jan 2006)
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Robustness in monetary policymaking: a case for the Friedman rule (JEL E42, E52, E58, E61)

by Juha Kilponen - Kai Leitemo2006/04
(31 Jan 2006)
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Pricing risky bank loans in the new Basel II environment (JEL C63, G12, G21, G28)

by Iftekhar Hasan - Cristiano Zazzara2006/03
(31 Jan 2006)
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Policy words and policy deeds: the ECB and the euro (JEL E5, E6, F3)

by Pierre Siklos - Martin Bohl2006/02
(31 Jan 2006)
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A wavelet analysis of scaling laws and long-memory in stock market volatility (JEL C14, C22)

by Tommi A. Vuorenmaa2005/27
(31 Jan 2006)
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The effects of aging population on the sustainability of fiscal policy (JEL E21, E32)

by Mikko Puhakka2005/26
(31 Jan 2006)
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2005

Inflation expectations and regime shifts in the euro area (JEL E32, E37)

by Matti Virén<