Haku
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Output gaps and cyclical indicators : Finnish evidence
(01.10.2021)
BoF Economics Review 6/2021
BoF Economics Review 6/2021
The output gap is a commonly used tool to assess the state of the business cycle, and as such, a key input for policy makers. In this article, we employ principal components analysis (PCA) to derive an estimate of the ...
Measuring counterparty risk in FMIs
(15.12.2021)
BoF Economics Review 9/2021
BoF Economics Review 9/2021
This paper extends traditional payment system simulation analysis to counterparty liquidity risk exposures. The used stress test scenario corresponds to the counterparty stress scenario applied in the BCBS standard “Monitoring ...