Haku
Viitteet 21-30 / 47
Forecasting the equity risk premium with frequency-decomposed predictors
(03.01.2017)
Bank of Finland Research Discussion Papers 1/2017
Bank of Finland Research Discussion Papers 1/2017
We show that the out-of-sample forecast of the equity risk premium can be signi ficantly improved by taking into account the frequency-domain relationship between the equity risk premium and several potential predictors. ...
Systematic risk, bank moral hazard, and bailouts
(23.01.2018)
Bank of Finland Research Discussion Papers 2/2018
Bank of Finland Research Discussion Papers 2/2018
We show that the impact of government bailouts (liquidity injections) on a representative bank’s risk taking depends on the level of systematic risk of its loans portfolio. In a model where bank’s output follows a geometric ...
Measuring the interest rate and exchange rate risk of a commercial bank's portfolio
(15.08.1990)
Bank of Finland Research Discussion Papers 17/1990
Bank of Finland Research Discussion Papers 17/1990
The Bank of Finland, in accordance with its regulations, is responsible for the stability of the financial markets. The main actors in the Finnish financial markets are fourteen authorized foreign,exchange banks. The Bank ...
Korkoriskin hallinta velkakirjamarkkinoilla
(17.11.1988)
Bank of Finland Research Discussion Papers 27/1988
Bank of Finland Research Discussion Papers 27/1988
Tässä tarkastellaan lyhyesti tehokkailla velkakirjamarkkinoilla sovellettavia sijoitusstrategioita korkoriskin hallinnan kannalta ja luokitellaan niitä aktiivinen-passiivinen ulottuvuudella. Sijoituksia tarkastellaan yhtenä ...
An international bibliography of payment instruments and systems literature for the years 1985-1991
(25.04.1992)
Bank of Finland Research Discussion Papers 14/1992
Bank of Finland Research Discussion Papers 14/1992
The aim of the survey was to compile a. comprehensive bibliography of relevant work that has been done in this area in recent years in different countries, particulary at central banks. I hope that it will be a guide to ...
Duraatioanalyysin käyttö joukkovelkakirjan korkoriskin arvioinnissa ja hallinnassa
(23.05.1989)
Bank of Finland Research Discussion Papers 18/1989
Bank of Finland Research Discussion Papers 18/1989
Tutkimuksessa pyritään arvioimaan vaihtoehtoisia tapoja mitata joukkovelkakirjan korkoriskiä. Erityisesti käsitellään duraatioanalyysin käyttöä korkoriskin hallinnassa; yhtäältä verrataan erilaisia duraatiokäsitteitä ...
Did the Basel process of capital regulation enhance the resiliency of European Banks?
(27.09.2018)
Bank of Finland Research Discussion Papers 16/2018
Bank of Finland Research Discussion Papers 16/2018
This paper analyses the evolution of the safety and soundness of the European banking sector during the various stages of the Basel process of capital regulation. In the first part we document the evolution of various ...
Risky debt, bad bank and government
(30.11.1993)
Bank of Finland Research Discussion Papers 16/1993
Bank of Finland Research Discussion Papers 16/1993
The purpose of this paper is to put forward a valuation framework for interest rate sensitive claims. We concentrate on secured loans. The value of the secured loan depends upon the coupon rate, the maturity, the term ...
Why does risk matter more in recessions than in expansions?
(05.10.2021)
Bank of Finland Research Discussion Papers 13/2021
Bank of Finland Research Discussion Papers 13/2021
This paper uses a nonlinear vector autoregression and a non-recursive identification strategy to show that an equal-sized uncertainty shock generates a larger contraction in real activity when growth is low (as in recessions) ...
Precision of Public Information Disclosures, Banks’ Stability and Welfare
(04.03.2021)
Bank of Finland Research Discussion Papers 3/2021
Bank of Finland Research Discussion Papers 3/2021
We study the optimal precision of public information disclosures about banks assets quality. In our model the precision of information affects banks' cost of raising funding and asset profile riskiness. In an imperfectly ...