Haku
Viitteet 51-60 / 302
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 ...
Wavelet decomposition of the financial cycle : An early warning system for financial tsunamis
(31.05.2017)
Bank of Finland Research Discussion Papers 11/2017
Bank of Finland Research Discussion Papers 11/2017
We propose a wavelet-based approach for construction of a financial cycle proxy. Specifically, we decompose three key macro-financial variables – private credit, house prices, and stock prices – on a frequency-scale basis ...
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 ...
Asymmetric information and the distribution of trading volume
(22.01.2018)
Bank of Finland Research Discussion Papers 1/2018
Bank of Finland Research Discussion Papers 1/2018
We propose the Volume Coefficient of Variation (VCV), the ratio of the standard deviation to the mean of trading volume, as a new and easily computable measure of information asymmetry in security markets. We use a simple ...
Going with the flows : New borrowing, debt service and the transmission of credit booms
(24.04.2018)
Bank of Finland Research Discussion Papers 10/2018
Bank of Finland Research Discussion Papers 10/2018
Traditional economic models have had difficulty explaining the non-monotonic real effects of credit booms and, in particular, why they have predictable negative after-effects for up to a decade. We provide a systematic ...
Getting better? The effect of the single supervisory mechanism on banks' loan loss reporting and loan loss reserves
(23.05.2018)
Bank of Finland Research Discussion Papers 11/2018
Bank of Finland Research Discussion Papers 11/2018
The recent financial crises have brought into focus questions regarding the quality of banks' assets. We study the patterns in banks reserving for and reporting of loan losses in the EU before and after implementation of ...
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 ...
Monetary policy, the financial cycle and ultralow interest rates
(10.08.2016)
Bank of Finland Research Discussion Papers 24/2016
Bank of Finland Research Discussion Papers 24/2016
Do the prevailing unusually and persistently low real interest rates reflect a decline in the natural rate of interest as commonly thought? We argue that this is only part of the story. The critical role of financial factors ...
Global collaborative patents
(13.01.2017)
Bank of Finland Research Discussion Papers 3/2017
Bank of Finland Research Discussion Papers 3/2017
We study the prevalence and traits of global collaborative patents for U.S. public companies, where the inventor team is located both within and outside of the United States. Collaborative patents are frequently observed ...
Learning from financial crisis: the experience of Nordic banks
(09.12.2016)
Bank of Finland Research Discussion Papers 30/2016
Bank of Finland Research Discussion Papers 30/2016
To study whether banks retain their lessons from the experience of a severe financial crisis, we examine the effects of the systemic banking crisis of the early 1990s in three Nordic countries (Finland, Norway, and Sweden). ...