Haku
Viitteet 1-3 / 3
Two tales of the natural rate of interest
(08.03.2017)
BoF Economics Review 1/2017
BoF Economics Review 1/2017
We estimate the long-term natural rate of interest for the euro area with two specifications of a simple semi-structural macroeconomic model. The estimates provide competing interpretations for the euro area’s current ...
Banking crisis prediction with differenced relative credit
(06.06.2019)
BoF Economics Review 4/2019
BoF Economics Review 4/2019
Indicators based on the ratio of credit to GDP have been found to be highly useful predictors of banking crises. We study the difference in this ratio as an early warning indicator. We test a large number of different ...
Cross-border loan portfolio diversification, capital requirements, and the European Banking Union
(28.05.2019)
BoF Economics Review 3/2019
BoF Economics Review 3/2019
We provide preliminary evidence of potential risk reduction benefits from banks’ loan portfolio diversification cross-border within the Euro area. Using aggregate data on banking sector cor-porate loan losses for each Euro ...