Similar Search Results

Why do growth rates differ? Evidence from cross-country data on private sector production

Kilponen, Juha; Viren, Matti - Suomen Pankki - 2008

suggest that growth differences can largely be explained by capital deepening and an ability to produce new technology in the …

Persistent link: https://www.econbiz.de/10005648937

How can growth be accelerated in Europe?

Viren, Matti - Suomen Pankki - 2012

This paper deals with economic growth in Europe. The special emphasis is in key institutional factors that are commonly … assumed to affect aggregate growth: functioning of labor markets, availability of labor and capital, and the size of … profitability and competitiveness do indeed constitute the main determinants of growth. However, also other variables like working …

Persistent link: https://www.econbiz.de/10010584389

Payment and financial innovation, reserve demand and implementation of monetary policy

Lahdenperä, Harri - Suomen Pankki - 2001

The consequences of electronic trading, payment and settlement have recently become one of the main topics in monetary economics. New innovations in payment and settlement technology are challenging the central bank’s monopoly over the supply of base money, which is generally considered the...

Persistent link: https://www.econbiz.de/10005648845

Limited and Full Information Estimation of the Rational Expectations Demand for Money Model: Application to Finnish M1

Ripatti, Antti - Suomen Pankki - 1997

We compare parameter estimates of the intertemporal money-in-the-utility-function model estimated using the Generalized Method of Moments and the Full Information Maximum Likelihood method. The process driving the forcing variables is approximated with vector autoregression. The FIML estimates...

Persistent link: https://www.econbiz.de/10005207151

ATM networks and cash usage

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 particular, the demand for cash is analysed from this point of view. The analysis is based on a simple spatial transactions model in which the banks’ optimization problem is...

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

Stability of the Demand for M1 and Harmonized M3 in Finland

Ripatti, Antti - Suomen Pankki - 1996

We derive a theoretical model for the demand for money using the money-in-the-utility-function approach. The steady-state – utility function – parameters of the model of narrow money (M1) estimated with cointegration techniques are stable over the foreign exchange rate regime shift; whereas...

Persistent link: https://www.econbiz.de/10005190768

The demand for money market mutual funds

Kauko, Karlo - Suomen Pankki - 2005

This paper presents a model on the demand for money market funds (MMFs). These funds are a very close substitute for M1 deposits, except that MMFs do not satisfy immediate transaction requirements. The demand for MMFs strengthens when the intended volume of transactions is low. A high interest...

Persistent link: https://www.econbiz.de/10005423687

Inflation Targeting and the Role of Money in a Model with Sticky Prices and Sticky Money

Ripatti, Antti - Suomen Pankki - 1997

adjustment costs in 'money demand' lead to an equilibrium in which inflation can be controlled by money growth without …

Persistent link: https://www.econbiz.de/10005648854

Automated Teller Machine network market structure and cash usage

Snellman, Heli - Suomen Pankki - 2006

This study discusses the effects of the Automated Teller Machine (ATM) network market structure on the availability of cash withdrawal ATM services and cash usage. The aim and novelty of the study is to construct the ATM equation. The study also contributes to the earlier discussion on the...

Persistent link: https://www.econbiz.de/10008774224

Adverse selection and financing of innovation: is there a need for R&D subsidies?

Takalo, Tuomas; Tanayama, Tanja - Suomen Pankki - 2008

We study the interaction between private and public funding of innovative projects in the presence of adverse-selection based financing constraints. Government programmes allocating direct subsidies are based on ex-ante screening of the subsidy applications. This selection scheme may yield...

Persistent link: https://www.econbiz.de/10005648936

1
2
3
4
5
6
7
8
Next
Last