Haku
Viitteet 1-10 / 33
Devaluation expectations and speculative attacks on the currency
(17.06.1988)
Bank of Finland Research Discussion Papers 8/1988
Bank of Finland Research Discussion Papers 8/1988
In this paper balance-of-payments crises are studied in a framework in which investors do not know the threshol~ level of foreign reserves, the attainment of which implies that the central bank abandons its fixed exchange ...
Suomalaisten yritysten käyttäytyminen valuuttojen termiinimarkkinoilla
(18.06.1988)
Bank of Finland Research Discussion Papers 9/1988
Bank of Finland Research Discussion Papers 9/1988
Selvityksessä tarkastellaan yritysten käyttäytymistä valuuttamarkkinoilla teoreettisesti ja empiirisesti. Teoreettisen osan tavoitteena on selvittää optimaalinen valuuttastrategia, kun yritysten toimintaa rajoittavat ...
Rational expectations in a macromodel : Some comparative analyses with Finnish data
(14.06.1988)
Bank of Finland Research Discussion Papers 5/1988
Bank of Finland Research Discussion Papers 5/1988
This paper reports some policy experiments carried out with the QMED model of the Bank of Finland. The main issue in these experiments is the role of expectations. Thus, we compare a static expectations version with two ...
Pääomanliikkeiden kustannuksiin vaikuttavat säädökset
(16.06.1988)
Bank of Finland Research Discussion Papers 7/1988
Bank of Finland Research Discussion Papers 7/1988
Selvityksessä tehdään peruskartoitus niistä eri säädöksistä, jotka vaikuttavat pääomanliikkeiden kustannuksiin ja määriin. Tällaisia säädöksiä ovat kassavarantovelvoite, leimavero ja muut verosäädökset, pankki- ja muut ...
External adjustment in small open economies : Some recent experience
(15.06.1988)
Bank of Finland Research Discussion Papers 6/1988
Bank of Finland Research Discussion Papers 6/1988
The paper deals with the adjustment problems that small open economies face in a financially integrated world. Particular attention is paid to the assignment of different policy instruments te the achievement different ...
Dynamics of the demand for money and uncertainty : The U.S. demand for money revisited
(01.06.1988)
Bank of Finland Research Discussion Papers 4/1988
Bank of Finland Research Discussion Papers 4/1988
The purpose of the paper is to revisit the demand for money specifiections by using U.S. quarterly data over the sample period 1951:1 - 1983:4. Utilizing the so-called threshold models suggested by Tong and Lim (1980) we ...
How are the key Finnish market interest rates determined?
(20.06.1988)
Bank of Finland Research Discussion Papers 11/1988
Bank of Finland Research Discussion Papers 11/1988
Finnish money markets have undergone profound changes in recent years. In particular, the transition to a more market oriented system has changed,the way domestic interest rates are formed. This paper presents and quantifies ...
The KTKV model of the economics department of the Bank of Finland
(19.06.1988)
Bank of Finland Research Discussion Papers 10/1988
Bank of Finland Research Discussion Papers 10/1988
This is a report on an updated version of the KTKV-model of Bank of Finland's Economics Department. The model was originally designed in the early 80's for the forecasting of short-term international economic developments. ...
Finland's exchange rate regime and European integration
(17.12.1988)
Bank of Finland Research Discussion Papers 33/1988
Bank of Finland Research Discussion Papers 33/1988
Finland's participation in the deepening European integration means a considerable change in her economic policy setting. Liberalization of capital movements and financial services will increase interest and exchange rate ...
Valuuttojen avista- ja termiinihintojen yhteydestä
(17.12.1988)
Bank of Finland Research Discussion Papers 32/1988
Bank of Finland Research Discussion Papers 32/1988
Termiinikurssin ja toteutuvan avistakurssin eroa on käsitelty kirjallisuudessa usealla eri tavalla. Yleistä on se, että ennustevirhe tulkitaan riskipreemioksi. Tässä selvityksessä oletetaan, että riskipreemio on ajassa ...