Haku
Viitteet 11-20 / 1027
Use of unit root methods in early warning of financial crises
(03.11.2016)
Bank of Finland Research Discussion Papers 27/2016
Bank of Finland Research Discussion Papers 27/2016
Unit root methods have long been used in detection of financial bubbles in asset prices. The basic idea is that fundamental changes in the autocorrelation structure of relevant time series imply the presence of a rational ...
Q, investment, and the financial cycle
(02.09.2017)
Bank of Finland Research Discussion Papers 26/2017
Bank of Finland Research Discussion Papers 26/2017
The empirical performance of the Q theory of investment can be significantly improved by simultaneously considering the time- and the frequency-varying features of the investment-Q relationship. Using continuous wavelet ...
Does government and corporate saving influence household saving in Finland?
(19.12.1990)
Bank of Finland Research Discussion Papers 27/1990
Bank of Finland Research Discussion Papers 27/1990
The aim of this paper is to empirically assess whether government and/or corporate sector saving influence aggregate household saving in Finland. The aim is carried out using quarterly data from the period 1960 - 1988. We ...
Expectations, stagnation and fiscal policy
(11.08.2016)
Bank of Finland Research Discussion Papers 25/2016
Bank of Finland Research Discussion Papers 25/2016
Stagnation as the new norm and fiscal policy are examined in a New Keynesian model with adaptive learning determining expectations. We impose inflation and consumption lower bounds, which can be relevant when agents are ...
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 ...
Liikepankkien vaikeudet ja Suomen Pankin tukitoimet 1928-1934
(02.12.1991)
Bank of Finland Research Discussion Papers 25/1991
Bank of Finland Research Discussion Papers 25/1991
Tässä selyityksessä tarkastellaan niitä ongelmia, joita liikepankit kohtasivat 1930-luvun laman aikana, Suomen Pankin toimenpiteitä pankkien pelastamiseksi, toimenpiteiden onnistumista ja ajoitusta sekä toimenpiteiden ...
The finnish experience on maintaining a currency band in the 1980s
(17.12.1990)
Bank of Finland Research Discussion Papers 26/1990
Bank of Finland Research Discussion Papers 26/1990
The paper reviews the Finnish experience of maintaining an explicit currency band since its creation in 1977. The emphasis is on the latter half of the 1980s, which is a period of free capital movements and unregulated ...
Future developments and structural changes in retail banking in Europe : Some application s for bank regulators
(14.12.1990)
Bank of Finland Research Discussion Papers 25/1990
Bank of Finland Research Discussion Papers 25/1990
The future deve1opment, of retail banking and the structural changes that are occurring, and are expected to occur after 1992, are two issues which dominate current discussions concerning banking in Europe. Both issues are ...
Bankruptcies and aggregate economic fluctuations
(10.09.1992)
Bank of Finland Research Discussion Papers 25/1992
Bank of Finland Research Discussion Papers 25/1992
This paper explores the determinants of aggregate economic fluctuations in Finland. The analysis makes use of aggregate monthly time series for some financial and non-financial variables. covering the period 1922-1990. In ...
Competitive deposit rates and bank service charges
(30.07.1989)
Bank of Finland Research Discussion Papers 26/1989
Bank of Finland Research Discussion Papers 26/1989
This paper presents a partial equilibrium model of the determination of deposit rates of interest and bank service charges in a competitive banking industry. It is shown that uncertainty regarding the future use of ...