Haku
Viitteet 11-20 / 302
Social interaction in the family: Evidence from investors’ security holdings
(01.09.2017)
Bank of Finland Research Discussion Papers 25/2017
Bank of Finland Research Discussion Papers 25/2017
We show investors tend to hold the same securities as their parents. This intergenerational correlation is stronger for mothers and family members who are more likely to communicate with each other. An instrumental variables ...
Enforceability of non-complete agreements : When does state stifle productivity?
(16.08.2017)
Bank of Finland Research Discussion Papers 24/2017
Bank of Finland Research Discussion Papers 24/2017
Non-compete agreements (also known as Covenants Not to Compete or CNCs) are frequently used by many businesses in an attempt to maintain their competitive advantage by safeguarding their human capital and the associated ...
Are flexible working hours helpful in stabilizing unemployment?
(02.10.2019)
Bank of Finland Research Discussion Papers 24/2019
Bank of Finland Research Discussion Papers 24/2019
In this paper we challenge the conventional view that increasing working time exibility limits the amplitude of unemployment fluctuations. We start by showing that hours per worker in European countries are much less ...
Real effects of bank capital regulations : Global evidence
(12.08.2017)
Bank of Finland Research Discussion Papers 23/2017
Bank of Finland Research Discussion Papers 23/2017
We examine the effect of the full set of bank capital regulations (capital stringency) on loan growth, using bank-level data for a maximum of 125 countries over the period 1998-2011. Contrary to standard theoretical ...
The evolution of US and UK GDP components in the time-frequency domain : A continuous wavelet analysis
(30.09.2019)
Bank of Finland Research Discussion Papers 23/2019
Bank of Finland Research Discussion Papers 23/2019
Understanding the relationship between national income GDP components is an essential part of macroeconomics. This study investigates quarterly real GDP component data for the U.S. and the U.K. and applies continuous wavelet ...
How do shocks to bank capital affect lending and growth?
(28.11.2018)
Bank of Finland Research Discussion Papers 25/2018
Bank of Finland Research Discussion Papers 25/2018
We examine bank capital shocks using a recent new approach based on non-normal errors in vector autoregressive models. Using a sample of 14 European economies over January 2004 through March 2018 we identify two distinct ...
Welfare gains of bailouts in a sovereign default model
(18.12.2019)
Bank of Finland Research Discussion Papers 25/2019
Bank of Finland Research Discussion Papers 25/2019
We examine the welfare effects of bailouts in economies exposed to sovereign default risk. When a government of a small open economy requests a bailout from an international financial institution, it receives a non-defaultable ...
What type of finance matters for growth? Bayesian model averaging evidence
(19.08.2015)
Bank of Finland Research Discussion Papers 17/2015
Bank of Finland Research Discussion Papers 17/2015
We examine the effect of finance on long-term economic growth using Bayesian model averaging to address model uncertainty in cross-country growth regressions. The literature largely focuses on financial indicators that ...
Financing innovation
(12.12.2015)
Bank of Finland Research Discussion Papers 28/2015
Bank of Finland Research Discussion Papers 28/2015
We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning ...
Transition to clean technology
(10.12.2015)
Bank of Finland Research Discussion Papers 26/2015
Bank of Finland Research Discussion Papers 26/2015
We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation–in the sense that research can be directed to either clean or dirty technologies. If dirty ...