Haku
Viitteet 21-30 / 163
Paradise lost? A brief history of DSGE macroeconomics
(07.11.2018)
Bank of Finland Research Discussion Papers 22/2018
Bank of Finland Research Discussion Papers 22/2018
Since the Global Financial Crisis, academic economists and policymakers have had to deal with uncomfortable questions about the quality of their models and the state of macroeconomics as a profession. This note offers a ...
Financial market reform – A new driver for China’s economic growth?
(13.02.2015)
BOFIT Discussion Papers 5/2015
BOFIT Discussion Papers 5/2015
This paper analyses the financial distortions – growth nexus in China using a tractable general equilibrium modelling approach in which heterogeneous private and state-owned firms interact. The focal points of the model ...
Effects of monetary and macro-prudential policies – evidence from inflation targeting economies in the Asia-Pacific region and potential implications for China
(02.03.2017)
BOFIT Discussion Papers 4/2017
BOFIT Discussion Papers 4/2017
We examine the effects of monetary and macroprudential policies in the Asia-Pacific region, where many inflation targeting economies have adopted macroprudential policies in order to safeguard financial stability. Using ...
Suomi hyötyy eurojärjestelmän arvopaperiostoista
(10.06.2015)
Euro & talous 3/2015
Euro & talous 3/2015
Eurojärjestelmän laajennetun omaisuuserien osto-ohjelman vaikutukset näkyvät jo rahoitusmarkkinoilla. Nämä ohjelman saavutukset ovat keskuspankin kannalta kuitenkin vain välitavoitteita, joiden kautta osto-ohjelma kanavoituu ...
Varjoja Kiinan rahoitusmarkkinoilla
(24.02.2014)
Suomen Pankki. Blogi
Suomen Pankki. Blogi
Tilanne Kiinan rahoitusmarkkinoilla oli kiinalaisen uudenvuoden alla tammikuun lopussa jännittynyt. Osaltaan ylimääräinen jännitys johtui juuri uudenvuoden takia kasvaneesta käteisrahan tarpeesta,
minkä pelättiin kiristävän ...
Makrovakausraportti 2/2016
(21.12.2016)
Suomen Pankin ja Finanssivalvonnan makrovakausraportti 2/2016
Suomen Pankin ja Finanssivalvonnan makrovakausraportti 2/2016
Deregulation of financial markets and the risk of financial crises: Lessons from Sweden for China and other emerging economies
(03.12.2014)
BOFIT Policy Brief 15/2014
BOFIT Policy Brief 15/2014
During and after the Central Committee’s Third Plenum in November 2013, China announced far-reaching reforms in the spheres of marketization and economic deregulation that included financial markets. While the speed of the ...
Monetary Policy, Private Debt and Financial Stability Risks
(15.09.2017)
International Journal of Central Banking 3 ; September
International Journal of Central Banking 3 ; September
Can monetary policy be used to promote financial stability? We answer this question by estimating the impact of a monetary policy shock on private-sector leverage and the likelihood of a financial crisis. Impulse responses ...
Who gains from credit granted between firms? Evidence from inter-corporate loan announcements made in China
(17.01.2015)
BOFIT Discussion Papers 1/2015
BOFIT Discussion Papers 1/2015
Who gains from inter-corporate credit? To answer this question we investigate the reactions of the stock prices of both the issuing and receiving firms to the announcements of 719 inter-corporate loans that took place ...
Financial development, rule of law and wealth inequality : Bayesian model averaging evidence
(21.08.2017)
BOFIT Discussion Papers 12/2017
BOFIT Discussion Papers 12/2017
We examine the determinants of financial development using our global sample and employing a rich set of measures of financial development that assess the degree of depth, access, stability and efficiency of financial ...