Haku
Viitteet 11-20 / 47
Measuring financial stress – A country specific stress index for Finland
(11.03.2015)
Bank of Finland Research Discussion Papers 7/2015
Bank of Finland Research Discussion Papers 7/2015
I propose a financial stress index (FSI) for the Finnish financial system that aims to reflect the functionality of the financial system and provide an aggregate measure of financial stress in the money, bond, equity and ...
How large banks use CDS to manage risks: bank-firm-level evidence
(29.04.2016)
Bank of Finland Research Discussion Papers 10/2016
Bank of Finland Research Discussion Papers 10/2016
We test five hypotheses on whether banks use CDS to hedge corporate loans, provide credit enhancements, obtain regulatory capital relief, and exploit banking relationship and private information. Linking large banks’ CDS ...
Testing the systemic risk differences in banks
(01.06.2018)
Bank of Finland Research Discussion Papers 13/2018
Bank of Finland Research Discussion Papers 13/2018
This paper contains a testing framework for the reliability of systemic risk measurement of banks, using the three leading market-based measures of systemic risk. We test whether the difference within the same category and ...
Securitization: a financing vehicle for all seasons?
(15.12.2016)
Bank of Finland Research Discussion Papers 31/2016
Bank of Finland Research Discussion Papers 31/2016
Securitization is considered to be one of the biggest financial innovations of the last century. It is also regarded as both a catalyst and solution to the 2008 financial crisis. Once a popular method of financing the ...
Viron maksujärjestelmä ja sen kehittämistarpeet
(29.10.1992)
Bank of Finland Research Discussion Papers 32/1992
Bank of Finland Research Discussion Papers 32/1992
Tässä selvityksessä esitetään katsaus maksujärjestelmien yleispiirteisiin, luonnehditaan lyhyesti Suomen maksujärjestelmää sekä kuvataan Viron maksujärjestelmän nykypiirteitä ja tulevaisuuden näkymiä.
Tämä raportti ...
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 ...
Conditional risk and predictability of Finnish stock returns
(28.10.1992)
Bank of Finland Research Discussion Papers 31/1992
Bank of Finland Research Discussion Papers 31/1992
This paper studies the driving forces of predictable variation in Finnish stock returns. The dynamics of Ferson and Harvey's (1991) methodology are extended and applied within the Sharpe-Lintner CAPM. We find that market ...
The optimal currency distribution of a central bank's foreign exchange reserves
(08.08.1989)
Bank of Finland Research Discussion Papers 28/1989
Bank of Finland Research Discussion Papers 28/1989
The purpose of this study is to establish a currency distribution for foreign exchange reserves of a central that would minimize the risks related to the increased exchange rate volatility. The study also addresses issues, ...
Which financial stocks did short sellers target in the subprime crisis?
(12.02.2015)
Bank of Finland Research Discussion Papers 3/2015
Bank of Finland Research Discussion Papers 3/2015
Tracing the SEC ban on the short selling of financial stocks in September 2008, this paper investigates whether such selling activity before the 2008 short ban reflected financial companies’ risk exposures in the subprime ...
Indicators used in setting the countercyclical capital buffer
(16.03.2015)
Bank of Finland Research Discussion Papers 8/2015
Bank of Finland Research Discussion Papers 8/2015
According to EU legislation, the national authorities should use the principle of 'guided discretion' in setting the countercyclical capital buffer (CCB), which increases banks' resilience against systemic risk associated ...