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Central Bank Research Hub - Bank of Finland BOFIT Discussion Papers



Global and Regional Links between Stock Markets - the Case of Russia and China

by Tomasz Kozluk2008/04
(04 Aug 2008)
 Abstract

Are private banks more efficient than public banks? Evidence from Russia

by Alexei Karas, Koen Schoors and Laurent Weill2008/03
(03 Aug 2008)
 Abstract

Forecasting Inflation in China

by Aaron Mehrotra and José R. Sánchez-Fung2008/02
(02 Aug 2008)
 Abstract

Has the Chinese economy become more sensitive to interest rates? Studying credit demand in China

by Tuuli Koivu2008/01
(03 Apr 2008)
 Abstract
 Full text

2007

The Impact of Banks and Non-Bank Financial Institutions on Local Economic Growth in China (JEL E44, G21)

by Xiaoqiang Cheng and Hans Degryse2007/22
(31 Dec 2007)
 Abstract
 Full text

Economic growth across space and time: subprovincial evidence from Mainland China (JEL O11, R11)

by Declan Curran, Michael Funke and Jue Wang2007/21
(31 Dec 2007)
 Abstract
 Full text

The Undisclosed Renminbi Basket: Are The Markets Telling Us Something About Where The Renminbi - Us Dollar Ex-change Rate Is Going? (JEL C22, F31, F37)

by Michael Funke and Marc Gronwald2007/20
(06 Nov 2007)
 Abstract
 Full text

Modelling inflation in China - a regional perspective

by Aaron Mehrotra, Tuomas Peltonen and Alvaro Santos Rivera2007/19
(29 Aug 2007)
 Abstract
 Full text

Organized business, political regimes and property rights across the Russian Federation

by William Pyle2007/18
(27 Aug 2007)
 Abstract
 Full text

Volatility dependence across Asia-Pacific on-shore and off-shore U.S. dollar futures markets

by Roberta Colavecchio and Michael Funke2007/17
(20 Aug 2007)
 Abstract
 Full text

The CIS - does the regional hegemon facilitate monetary integration? (JEL E42, E63, F16)

by David G Mayes and Vesa Korhonen2007/16
(24 Jul 2007)
 Abstract
 Full text

Spatial econometric analysis of determinants and strategies of FDI in Russian regions in pre- and post-1998 financial crisis periods (JEL C21, E22, F21)

by Svetlana Ledyaeva2007/15
(16 Jul 2007)
 Abstract
 Full text

Money demand in post-crisis Russia: De-dollarisation and re-monetisation (JEL E31, E41, E51, P22)

by Iikka Korhonen and Aaron Mehrotra2007/14
(29 Jun 2007)
 Abstract
 Full text

Does reform work? An econometric examination of the reform-growth puzzle (JEL C49, O11, P21)

by Ian Babetskii and Nauro F.Campos2007/13
(26 Jun 2007)
 Abstract
 Full text

Bribes and local fiscal autonomy in Russia (JEL H77, M14, P31)

by Pertti Haaparanta and Tuuli Juurikkala2007/12
(31 May 2007)
 Abstract
 Full text

Do sentiment indicators help to assess and predict actual developments of the Chinese economy? (JEL E32, E37, P27)

by Aaron Mehrotra and Jouko Rautava2007/11
(26 Apr 2007)
 Abstract
 Full text

The Chinese government's new approach to ownership and financial control of strategic state-owned enterprises (JEL G32, G38, P26, P31)

by Mikael Mattlin2007/10
(25 Apr 2007)
 Abstract
 Full text

Dutch disease scare in Kazakhstan: Is it real? (JEL C22, E43, E50, E52, G21, O52)

by Balázs Égert and Carol S. Leonard2007/09
(20 Apr 2007)
 Abstract
 Full text

Equilibrium exchange rates in oil-dependent countries (JEL F31, F41, P24, Q43)

by Iikka Korhonen and Tuuli Juurikkala2007/08
(19 Apr 2007)
 Abstract
 Full text

Diagnosing Dutch disease: Does Russia have the symptoms? (JEL F30, P28, Q30)

by Nienke Oomes and Katerina Kalcheva2007/07
(18 Apr 2007)
 Abstract
 Full text

Can the Chinese trade surplus be reduced through exchange rate policy? (JEL F1, F14)

by Alicia Garc?a-Herrero and Tuuli Koivu2007/06
(19 Mar 2007)
 Abstract
 Full text

Russia's banking sector transition: Where to? (JEL G21, G28, P34, P37)

by Andrei V. Vernikov2007/05
(07 Mar 2007)
 Abstract
 Full text

An "almost-too-late" warning mechanism for currency crises (JEL E43, F31, F34)

by Jes?s Crespo Cuaresma and Tomas Slacik2007/04
(02 Mar 2007)
 Abstract
 Full text

Currency substitution in a de-dollarizing economy: The case of Russia (JEL E58, F31, F41)

by Barry Harrison and Yulia Vymyatnina2007/03
(02 Mar 2007)
 Abstract
 Full text

Russian banks´ private deposit interest rates and market discipline (JEL D43, E53, G21, P34)

by A.A. Peresetsky, A. M. Karminsky, S. V. Golovan2007/02
(19 Feb 2007)
 Abstract
 Full text

Foreign direct investment and China's bilateral intra-industry trade with Japan and the US (JEL F14, F23)

by Yuqing Xing2007/01
(16 Jan 2007)
 Abstract
 Full text

2006

Exchange rate sensitivity of China's bilateral trade flows (JEL C22, C23, F14, F31)

by Jiao Wang and Andy G. Ji2006/19
(31 Dec 2006)
 Abstract
 Full text

The yield curve as a predictor and emerging economies (JEL C5, E44, F3)

by Arnaud Mehl2006/18
(30 Dec 2006)
 Abstract
 Full text

Foreign direct investment and economic growth: Empirical evidence from Russian regions (JEL E22, F21, P27)

by Svetlana Ledyaeva and Mikael Linden2006/17
(14 Dec 2006)
 Abstract
 Full text

Volatility transmissions between renminbi and Asia-Pacific on-shore and off-shore U.S. dollar futures (JEL C22, F31, F36)

by Roberta Colavecchio, Michael Funke2006/16
(17 Nov 2006)
 Abstract
 Full text

Exchange rate policy and the relative distribution of FDI among host countries (JEL F14, F23, F31)

by Yuqing Xing2006/15
(16 Nov 2006)
 Abstract
 Full text

A castle built on sand: The effects of mass privatization on stock market creation in transition economies (JEL G15, G28, P34)

by Zuzana Fungácová, Jan Hanousek2006/14
(15 Nov 2006)
 Abstract
 Full text

Sophisticated discipline in a nascent deposit market: Evidence from post-communist Russia (JEL G21, O16, P2)

by Alexei Karas, William Pyle, Koen Schoors2006/13
(14 Nov 2006)
 Abstract
 Full text

Institutional development, financial deepening and economic growth: Evidence from China (JEL O16, O53, P14, P16)

by Iftekhar Hasan, Paul Wachtel, Mingming Zhou2006/12
(10 Nov 2006)
 Abstract
 Full text

The inflationary consequences of real exchange rate targeting via accumulation of reserves (JEL E52, F4)

by Kirill Sosunov, Oleg Zamulin2006/11
(31 Oct 2006)
 Abstract
 Full text

Demand for money in transition: Evidence from China's disinflation (JEL E31, E41)

by Aaron Mehrotra2006/10
(10 Oct 2006)
 Abstract
 Full text

Biases in cross-space comparisons through cross-time price indexes: The case of Russia (JEL C43, E31, P22, R19)

by Konstantin Gluschenko2006/09
(30 Sep 2006)
 Abstract
 Full text

Monetary transmission mechanism in Central and Eastern Europe: Gliding on a wind of change (JEL E31, E51, E58, F31, O11, P20)

by Fabrizio Coricelli, Balázs Égert, Ronald MacDonald2006/08
(01 Sep 2006)
 Abstract
 Full text

Russia's common market takes shape: Price convergence and market integration among Russian regions (JEL C32, P22, R10, R15)

by Konstantin Gluschenko2006/07
(15 Aug 2006)
 Abstract
 Full text

Taking the temperature - forecasting GDP growth for mainland China (JEL C32, C52, E32, E37)

by Declan Curran, Michael Funke2006/06
(30 May 2006)
 Abstract
 Full text

Profitability of foreign banks in Central and Eastern Europe: Does the entry mode matter? (JEL F36, G15, G21)

by Olena Havrylchyk, Emilia Jurzyk2006/05
(20 May 2006)
 Abstract
 Full text

Non-wage benefits, costs of turnover, and labor attachment: Evidence from Russian firms (JEL J32, J33, J42, J63, M52, P31)

by Tuuli Juurikkala, Olga Lazareva2006/04
(15 May 2006)
 Abstract
 Full text

Assessing a feasible degree of product market integration. (A pilot analysis) (JEL F14, F15, L81, R1)

by Konstantin Gluschenko, Darya Kulighina2006/03
(10 May 2006)
 Abstract
 Full text

Coping with missing public infrastructure: An analysis of Russian industrial enterprises (JEL H54, P31, P35)

by Laura Solanko2006/02
(05 May 2006)
 Abstract
 Full text

Lobbying at the local level: Social assets in Russian firms

by Tuuli Juurikkala, Olga Lazareva2006/01
(10 Apr 2006)
 Abstract
 Full text

2005

Ex-ante dynamics of real effects of monetary policy: Theory and evidence for Poland and Russia, 2001-2003

by Wojciech W. Charemza, Svetlana Makarov2005/20
(30 Dec 2005)
 Abstract
 Full text

Collective action and post-communist enterprise: The economic logic of Russia's business associations

by William Pyle2005/19
(20 Dec 2005)
 Abstract
 Full text

Effects of WTO membership on income distribution and labour movement in China - A CGE analysis (JEL C68, O18, R12, R23)

by Jiao Wang, David Mayes, Guanghua Wan2005/18
(10 Dec 2005)
 Abstract
 Full text

Exchange and interest rate channels during a deflationary era - Evidence from Japan, Hong Kong and China (JEL E31, F41)

by Aaron Mehrotra2005/17
(05 Dec 2005)
 Abstract
 Full text

Markets and democracy in Russia (JEL O57, P30, P52)

by Vlad Ivanenko2005/16
(30 Nov 2005)
 Abstract
 Full text

Choice of the substitution currency in Russia: How to explain the dollar's dominance? (JEL E41, E52, F31, F41, G20)

by Anna Dorbec2005/15
(01 Nov 2005)
 Abstract
 Full text

Cross listing and firm value - corporate governance or market segmentation? An empirical study of the stock market

by Gang Ji2005/14
(20 Sep 2005)
 Abstract
 Full text

Growth expectations and banking system fragility in developing economies

by Eugenio Proto2005/13
(30 Aug 2005)
 Abstract
 Full text

Russian equity market linkages before and after the 1998 crisis: Evidence from time-varying and stochastic cointegration tests (JEL G10, G15)

by Brian M. Lucey, Svitlana Voronkova2005/12
(25 Aug 2005)
 Abstract
 Full text

On the Speed of Economic Reform: Tale of the Tortoise and the Hare (JEL O57, P21, P26, P27)

by Bruno Merlevede, Koen Schoors2005/11
(15 Aug 2005)
 Abstract
 Full text

Bank supervision Russian style: Rules versus enforcement and tacit objectives (JEL E5, G2, N2)

by Sophie Claeys, Gleb Lanine, Koen Schoors2005/10
(14 Aug 2005)
 Abstract
 Full text

A ten-year retrospection of the behavior of Russian stock returns (JEL C22, F36, G14, G15)

by Stanislav Anatolyev2005/09
(13 Aug 2005)
 Abstract
 Full text

Exchange rate regimes, foreign exchange volatility and export performance in Central and Eastern Europe: Just another blur project? (JEL F31)

by Balázs Égert, Amalia Morales-Zumaquero2005/08
(10 Aug 2005)
 Abstract
 Full text

Optimal regulatory design for the Central Bank of Russia (JEL G21, G28)

by Sophie Claeys2005/07
(09 Aug 2005)
 Abstract
 Full text

Inflation in mainland China - modelling a roller coaster ride (JEL C22, E31)

by Michael Funke2005/06
(15 Jul 2005)
 Abstract
 Full text

S&T activities and firm performance - microeconomic evidence from manufacturing in Shanghai (JEL L52, O32, O38)

by Pingfang Zhu, Lei Li, Nannan Lundin2005/05
(01 Jul 2005)
 Abstract
 Full text

Equilibrium exchange rates in Central and Eastern Europe: A meta-regression analysis (JEL C15, E31, F31, O11, P17)

by Balázs Égert, László Halpern2005/04
(05 May 2005)
 Abstract
 Full text

Equilibrium exchange rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) diseased? (JEL E31, O11, P17)

by Balázs Égert2005/03
(05 Apr 2005)
 Abstract
 Full text

A note on exchange rate pass-through in CIS countries (JEL E31, E42, F31, F42)

by Iikka Korhonen, Paul Wachtel2005/02
(01 Apr 2005)
 Abstract
 Full text

Reforms and Confidence

by Pertti Haaparanta, Jukka Pirttilä2005/01
(20 Jan 2005)
 Abstract
 Full text

2004

Probability of default models of Russian banks

by Anatoly A. Peresetsky, Alexandr A. Karminsky, Sergei V. Golovan2004/21
(20 Dec 2004)
 Abstract
 Full text

A meta-analysis of business cycle correlation between the euro area and CEECs: What do we know - and who cares? (JEL C42, E32, F15, F31)

by Jarko Fidrmuc, Iikka Korhonen2004/20
(05 Dec 2004)
 Abstract
 Full text

Trade specialisation patterns: The case of Russia

by Bernadina Algieri2004/19
(01 Dec 2004)
 Abstract
 Full text

Does democracy cure a resource curse?

by Iikka Korhonen2004/18
(30 Nov 2004)
 Abstract
 Full text

Liquidity provision in transition economy: the lessons from Russia (JEL D80, G21)

by Anna Dorbec2004/17
(20 Nov 2004)
 Abstract
 Full text

Selecting inflation indicators under an inflation targeting regime: evidence from the MCL method

by Juha-Pekka Koskinen, Tuuli Koivu, Abdur Chowdhury2004/16
(30 Oct 2004)
 Abstract
 Full text

An abnormal country (JEL P30, P40, P51, P52)

by Steven Rosefielde2004/15
(10 Oct 2004)
 Abstract
 Full text

Just how undervalued is the Chinese renminbi? (JEL C32, F31, F32, F41)

by Michael Funke, Jörg Rahn2004/14
(01 Oct 2004)
 Abstract
 Full text

Monetary Policy Rules for Russia (JEL E52, E61, F33, F41)

by Akram Esanov, Christian Merkl, Lúcio Vinhas de Souza2004/11
(30 Aug 2004)
 Abstract
 Full text

Estimating the Determinants of Foreign Direct Investment Inflows: How Important are Sampling and Omitted Variable Biases? (JEL C33, F21, O16, P27)

by Yuko Kinoshita, Nauro F. Campos2004/10
(10 Aug 2004)
 Abstract
 Full text

Equilibrium exchange rates in the transition: The tradable price-based real appreciation and estimation uncertainty (JEL F31)

by Balázs Égert, Kirsten Lommatzsch2004/09
(05 Aug 2004)
 Abstract
 Full text

Privatization matters: Bank efficiency in transition countries (JEL P30, P34, P52)

by John P.Bonin, Iftekhar Hasan, Paul Wachtel2004/08
(01 Aug 2004)
 Abstract
 Full text

Bank performance, efficiency and ownership in transitition countries (JEL P30, P34, P52)

by John P.Bonin, Iftekhar Hasan, Paul Wachtel2004/07
(30 Jul 2004)
 Abstract
 Full text

Financing choices of firms in