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Does relationship matter? The choice of financial advisors

Francis, Bill B.; Hasan, Iftekhar; Sun, Xian - Suomen Pankki - 2012

Using a sample of U.S. mergers and acquisitions, this study evaluates how banking relationships influence acquirers’ choice of financial advisors. Specifically, it examines: i) acquirers’ previous relationships with advisors in various financial activities: M&A advisories, equity issuings...

Persistent link: https://www.econbiz.de/10010584390

Descriptive analysis of the Finnish stock market: Part II

Nyberg, Peter; Vaihekoski, Mika - Suomen Pankki - 2014

This paper continues the data collection procedure and analysis set forth in Nyberg and Vaihekoski (2009). A number of new time series that are commonly used in finance literature are collected, created, and analyzed for the first time. These series include, among others, monthly dividend yields...

Persistent link: https://www.econbiz.de/10010818973

The impact of macroeconomic news on exchange rate volatility

Laakkonen, Helinä - Suomen Pankki - 2004

This study investigates the impact of new information on the volatility of exchange rates. The impact of scheduled US … and European macroeconomic news on the volatility of USD/EUR 5-minute returns was tested by using the Flexible Fourier … Form method. The results were consistent with earlier studies. Macroeconomic news increased volatility significantly, and …

Persistent link: https://www.econbiz.de/10005648850

Relevance of uncertainty on the volatility and trading volume in the US Treasury bond futures market

Laakkonen, Helinä - Suomen Pankki - 2015

daily data on realized volatility and trading volume, we show that the investors in the US Treasury bond futures market …

Persistent link: https://www.econbiz.de/10011207864

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

Descriptive analysis of Finnish equity, bond and money market returns

Nyberg, Peter; Vaihekoski, Mika - Suomen Pankki - 2011

This paper gathers the longest available historical monthly return series for the Finnish equity, bond and money markets as well as inflation. The series are analysed to calculate the statistical characteristics of the returns investors would have received in these markets. We also survey...

Persistent link: https://www.econbiz.de/10009643485

Export pricing and the cross-country correlation of stock prices

Tervala, Juha - Suomen Pankki - 2009

This study analyses cross-country correlations of stock prices (values of firms) using the basic New Open Economy Macroeconomics model. We show that cross-country correlations of stock prices greatly depend on the currency of export pricing in the case of monetary shocks but not notably for...

Persistent link: https://www.econbiz.de/10008509433

A new value-weighted total return index for the Finnish stock market

Nyberg, Peter; Vaihekoski, Mika - Suomen Pankki - 2009

This paper presents a new monthly value-weighted, all-share total return index for the Finnish stock market. The index covers the period from the establishment of the Helsinki Stock Exchange in October 1912 to the beginning of 1970, after which the WI index by Berglund et al (1983) and later in...

Persistent link: https://www.econbiz.de/10008577785

Simulation analyses and stress testing of payment networks

Leinonen (ed), Harry - Suomen Pankki - 2009

This publication consists of ten separate studies on payment and settlement systems employing simulation techniques. Most of these were carried out using the payment and settlement system simulator BoF-PSS2 provided by the Bank of Finland. The preliminary versions were presented at the annual...

Persistent link: https://www.econbiz.de/10008774214

Simulation studies of liquidity needs, risks and efficiency in payment networks

Leinonen (ed), Harry - Suomen Pankki - 2007

This publication consists of nine separate studies on payment and settlement systems conducted using simulation techniques. Most have been carried out using the payment and settlement system simulator BoF-PSS2 provided by the Bank of Finland. The preliminary versions were presented at the annual...

Persistent link: https://www.econbiz.de/10008774230