Haku

There is an extensive theoretical literature dealing with the role of economic policy in small and open economies. The models employed in this literature often seem to yield simple and strong conclusions: under fixed ...

There are many reasons for claiming that the market for financial assets is not well-developed in Finland. The security market is so "narrow" that security issues play no essential role in the financing of investment, bank ...

An adequate explanation of international net capital movements is important for several reasons. In the first place it furnishes information on the determinants and ultimate level of a country's foreign indebtedness. 1 ) ...

Raportin ensimmäisessä osassa kuvataan rahapolitiikan välittymismekanis- mia teoreettisissa perusmalleissa ja selvitetään, mistä olettamuksista mallien antamat rahapolitiikan lyhyen ja pitkän aikavälin vaikutukset riippuvat. ...

In this paper we examine the reserve requirement as an instrument of monetary policy in a small open economy with perfect capital mobility and a fixed exchange rate. The deposit rate is assumed to be institutionally fixed. ...

This paper investigates the degree of the independence of monetary policy in Ireland and in Finland using the Kouri-Porter framework. After theoretical considerations on the monetary approach, the portfolio balance approach ...