Haku
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Re-opening of banks' certificates of deposit market
(29.04.1990)
Bank of Finland Research Discussion Papers 6/1990
Bank of Finland Research Discussion Papers 6/1990
The paper analyzes the applicability of variable parameter models to examine the behaviour of the interest rates in the market for cd's on the first market day after the bank strike, 7.3.1990, and on the first "normal" ...
Inflation, capital markets and household saving in Nordic countries
(27.01.1992)
Bank of Finland Research Discussion Papers 4/1992
Bank of Finland Research Discussion Papers 4/1992
Household saving ratios in the Nordie eountries are very low by intemational standards and have declined markedly during the 1980s. Aggregate quarterly time-series data for the period 1970-1989 are used to study the ...
Fiscal federalism and European monetary integration
(15.01.1992)
Bank of Finland Research Discussion Papers 2/1992
Bank of Finland Research Discussion Papers 2/1992
The paper considers the role common fiscal arrangements might have to play in the operation of a European monetary union. In the first part of the study, we characterize an international fiscal incentive scheme which could ...
Whether to join EMS or not : Signalling and the membership
(29.05.1990)
Bank of Finland Research Discussion Papers 9/1990
Bank of Finland Research Discussion Papers 9/1990
It is argued that if in a dynamic context a central bank wants to signal its commitment to non-inflationary policies an EMS membership makes its task easier by requiring less restrictive policies than if it stays outo ...
Household saving, interest rates, inflation and taxation: some cross-country evidence
(14.06.1991)
Bank of Finland Research Discussion Papers 10/1991
Bank of Finland Research Discussion Papers 10/1991