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Bankers' compensation: Sprint swimming in short bonus pools?
Jokivuolle, Esa; Keppo, Jussi - Suomen Pankki - 2014
The global financial crisis of 2007–2008 has given rise to new regulatory initiatives to put restrictions on the size and the term of bankers' pay. We revisit both theoretically and empirically the question of whether these regulations are justified. We model bonuses as a series of sequential...
Persistent link: https://www.econbiz.de/10010734434
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Bonus caps, deferrals and bankers' risk-taking
Jokivuolle, Esa; Keppo, Jussi; Yuan, Xuchuan - Suomen Pankki - 2015
the model to US banking data and show that lengthening the standard one-year bonus payment interval has no material impact …
Persistent link: https://www.econbiz.de/10011207862
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Shadow banking : financial intermediation beyond banks
Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018
Persistent link: https://www.econbiz.de/10011790739
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The 1990’s financial crises in Nordic countries
Honkapohja, Seppo - Suomen Pankki - 2009
The current financial crisis, which has lasted almost one and a half years, is the 19th such crisis in the post-war period in advanced economies. Recent literature classifies the Nordic crises in Norway, Sweden and Finland in late 1980's and early 1990’s among the Big Five crises that have...
Persistent link: https://www.econbiz.de/10005207165
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Transmission of macro shocks to loan losses in a deep crisis: the case of Finland
Jokivuolle, Esa; Viren, Matti; Vähämaa, Oskari - Suomen Pankki - 2009
Building on the work of Sorge and Virolainen (2006), we revisit the data on aggregate Finnish bank loan losses from the corporate sector, which covers the ‘Big Five’ crisis in Finland in the early 1990s. Several extensions to the empirical model are considered. These extensions are then used...
Persistent link: https://www.econbiz.de/10008509434
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Crisis performance of European banks – does management ownership matter?
Westman, Hanna - Suomen Pankki - 2014
Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with devastating implications as risks realised during the financial crisis. Unfortunately, the empirical evidence on the impact of managerial incentives on bank crisis performance is...
Persistent link: https://www.econbiz.de/10011082590
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Should competition policy in banking be amended during crises? Lessons from the EU
Hasan, Iftekhar; Marinc, Matej - Suomen Pankki - 2013
This article investigates the nexus of competition and stability in European banking. It analyzes the European legal … framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state …-aid control. It discusses whether and how competition policy should be amended in order to preserve the stability of the banking …
Persistent link: https://www.econbiz.de/10010818987
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Financial crises and bank failures: a review of prediction methods
Demyanyk, Yuliya; Hasan, Iftekhar - Suomen Pankki - 2009
that attempt to explain, predict, or suggest remedies for financial crises or banking defaults, as well as outlines of the …
Persistent link: https://www.econbiz.de/10008509430
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Financial interlinkages and risk of contagion in the Finnish interbank market
Toivanen, Mervi - Suomen Pankki - 2009
–2007 as well as the existence of contagion during a Finnish banking crisis. The contagion analysis of the early 1990s is able … to predict the most troublesome and defaulting banks in the banking sector. The simulation results for 2005–2007 suggest … effects. Over the last few years, the negative effects of contagion on the Finnish banking sector have been, on average, more …
Persistent link: https://www.econbiz.de/10005648959
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Diagnostics for the financial markets – computational studies of payment system: Simulator Seminar Proceedings 2009–2011
Hellqvist, Matti; Laine, Tatu - Suomen Pankki - 2012
This publication consists of fifteen studies on payment and settlement systems conducted using computational or simulation techniques. The studies have been presented at the simulator seminars arranged by the Bank of Finland during the years 2009–2011. The main focus of the studies is on the...
Persistent link: https://www.econbiz.de/10010584387