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Snellman, Heli; Virén, Matti - Suomen Pankki - 2006

This paper deals with the issue of how the market structure in banking affects the choice of means of payment. In … incentive to restrict the number of ATMs to a minimum. In general, the number of ATMs depends on competitiveness in the banking …

Persistent link: https://www.econbiz.de/10005207157

Screening in the credit market when the collateral value is stochastic

Niinimäki, Juha-Pekka - Suomen Pankki - 2009

This theoretical paper explores screening with loan collateral when both the collateral value and the probability of project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk borrowers may in such case be more willing to pledge...

Persistent link: https://www.econbiz.de/10005014554

Essays on the limits of borrowing

Herrala, Risto - Suomen Pankki - 2012

The aim of this research is to provide new insights about the limits of borrowing. The second chapter contributes to the theory of limits of borrowing by a study of LOLRs in an original model. The third chapter introduces a new approach to test and measure the limits of borrowing...

Persistent link: https://www.econbiz.de/10010611650

Risk-adjusted measures of value creation in financial institutions

Milne, Alistair; Onorato, Mario - Suomen Pankki - 2009

Measuring value creation by comparing the RAROC of an exposure (the return on risk capital) with a single institution-wide hurdle rate is inconsistent with the standard theory of financial valuation. We use asset pricing theory to determine the appropriate hurdle rate for such a RAROC...

Persistent link: https://www.econbiz.de/10008509435

Banking and Transparency: Is More Information Always Better?

Allenspach, Nicole - Schweizerische Nationalbank (SNB) - 2009

This paper shows that transparency in banking can be harmful from a social planner’s point of view. According to our …

Persistent link: https://www.econbiz.de/10008471877

Who Needs Credit and Who Gets Credit in Eastern Europe?

Brown, Martin; Ongena, Steven; Yesin, Pınar Ayşe Yeşin; … - Schweizerische Nationalbank (SNB) - 2010

Based on survey data covering 8,387 firms in 20 countries we compare credit demand and credit supply for firms in Eastern Europe to those for firms in selected Western European countries. We find that, while 30% of firms do not need credit in Eastern Europe, their need for credit is higher than...

Persistent link: https://www.econbiz.de/10008523823

Do markup dynamics reflect fundamentals or changes in conduct?

Juselius, Mikael; Kim, Moshe; Ringbom, Staffan - Suomen Pankki - 2009

related to multiple and changing equilibria. Results from applying the model to US and five major European banking sectors …

Persistent link: https://www.econbiz.de/10004979444

The Exposure of Swiss Banks to Macroeconomic Shocks - an Empirical Investigation

Lehmann, Hansjuerg; Manz, Michael - Schweizerische Nationalbank (SNB) - 2006

Assessing financial stability is an issue of rapidly growing importance to central banks and banking authorities. This … variables as e.g. real growth or interest rate shocks on bank earnings. However, our results suggest that the Swiss banking … falling stock prices would lead to substantial losses in the Swiss banking industry. …

Persistent link: https://www.econbiz.de/10005069891

Managers and efficiency in banking

Kauko, Karlo - Suomen Pankki - 2007

This paper presents evidence on the impact of managers on cost efficiency in banking. Stochastic frontier analysis is …

Persistent link: https://www.econbiz.de/10005190734

The Finnish Banking Crisis and Its Handling (an update of developments through 1993)

Nyberg, Peter; Vihriälä, Vesa - Suomen Pankki - 1994

gives a brief description of the evolution of the Finnish banking crisis and its handling. In the first section, the salient … features of the Finnish banking system are described. We then briefly discuss the liberalization process, macroeconomic and … banking crisis. The list of references is by no means exhaustive, and it is designed mainly to help foreign readers to find …

Persistent link: https://www.econbiz.de/10005190761