Narrow search
Showing 1 - 10 of 42
Cover Image
Risk-based classification of financial instruments in the Finnish statutory pension scheme TyEL
Tanskanen, Antti J; Niininen, Petri; Vatanen, Kari - Suomen Pankki - 2010
Sufficient solvency of a pension insurance company responsible for defined-benefit pensions guarantees that the …
Persistent link: https://www.econbiz.de/10008516093
Cover Image
Capital adequacy regulation and financial conglomerates
Mälkönen, Ville - Suomen Pankki - 2004
theoretical background for the regulation of financial institutions, especially insurance and banking companies, and, finally …
Persistent link: https://www.econbiz.de/10005648868
Cover Image
The efficiency implications of financial conglomeration
Mälkönen, Ville - Suomen Pankki - 2004
-efficiency gains in monitoring credit and insurance customers. The analysis shows that conglomeration is conducive to tougher … competition in the credit market and increases profit in insurance. The aggregate profit in the financial sector does not increase …
Persistent link: https://www.econbiz.de/10005648939
Cover Image
Efficiency and stock returns: Evidence from the insurance industry
Gaganis, Chrysovalantis; Hasan, Iftekhar; Pasiouras, Fotios - Suomen Pankki - 2013
efficiency changes of 399 listed insurance firms in 52 countries during the 2002-2008 period, the paper reports a positive and …
Persistent link: https://www.econbiz.de/10010691316
Cover Image
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
Cover Image
Risk-adjusted measures of value creation in financial institutions
Milne, Alistair; Onorato, Mario - Suomen Pankki - 2009
-wide hurdle rate is inconsistent with the standard theory of financial valuation. We use asset pricing theory to determine the …
Persistent link: https://www.econbiz.de/10008509435
Cover Image
Blanket guarantee and restructuring decisions for multinational banks in a bargaining model
Niinimäki, Juha-Pekka; Mälkönen, Ville - Suomen Pankki - 2009
This paper examines blanket guarantee and restructuring decisions in respect of a multinational bank (MNB) using Nash bargaining, when the threat of a panic motivates countries to take decisions quickly. The failure of the bank would cause unevenly distributed externalities between the countries...
Persistent link: https://www.econbiz.de/10004976732
Cover Image
Integration of financial supervision
Holopainen, Helena - Suomen Pankki - 2007
The emergence of financial conglomerates and multinational financial institutions as well as the development of new financial products have raised concerns as to the ability of separate sectoral supervisors and different national authorities to effectively oversee financial markets....
Persistent link: https://www.econbiz.de/10005190747
Cover Image
The Effects of Competition on Banks’ Risk Taking with and without Deposit Insurance
Niinimäki, Juha-Pekka - Suomen Pankki - 2000
We consider the joint effect of competition and deposit insurance on risk taking by banks when the riskiness of banks … the bank is a monopoly or banks compete only in the loan market, deposit insurance has no effect on risk taking. In that … case the banks are too risky but extreme risk taking is avoided. In contrast, introducing deposit insurance increases risk …
Persistent link: https://www.econbiz.de/10005648946
Cover Image
Moral hazard in the credit market when the collateral value is stochastic
Niinimäki, Juha-Pekka - Suomen Pankki - 2010
This theoretical paper explores the effects of costly and non-costly collateral on moral hazard, when collateral value may fluctuate. Given that all collateral is costly, stochastic collateral will entail the same positive incentive effects as nonstochastic collateral, provided the variation in...
Persistent link: https://www.econbiz.de/10008800750