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Hasan, Iftekhar; De Renzis, Tania; Schmiedel, Heiko - Suomen Pankki - 2012

This paper examines the fundamental relationship between retail payments and overall economic growth. Using data from across 27 European markets over the period 1995–2009, the results confirm that migration to efficient electronic retail payments stimulates overall economic growth, consumption...

Persistent link: https://www.econbiz.de/10010548604

Less cash on the counter: Forecasting Finnish payment preferences

Jyrkönen, Hanna - Suomen Pankki - 2004

Finnish payment methods have changed rapidly as payment cards have gained increasing popularity and have, to an extent, replaced cash. This article examines this phenomenon and the trends in cash and electronic payment methods in Finland. It starts with an introduction to the statistical data on...

Persistent link: https://www.econbiz.de/10005648935

Bank behaviour with access to credit risk transfer markets

Goderis, Benedikt; Marsh, Ian; Vall Castello, Judit; … - Suomen Pankki - 2007

One of the most important recent innovations in financial markets has been the development of credit derivative products that allow banks to more actively manage their credit portfolios than ever before. We analyse the effect that access to these markets has had on the lending behaviour of a...

Persistent link: https://www.econbiz.de/10005648990

Economic evaluation of bank exit regimes in US, EU and Japanese financial centres

Granlund, Peik - Suomen Pankki - 2003

This paper evaluates bank exit regimes in selected financial centres using econometric methods. The focus is on bank … exit regimes applicable to commercial banks in New York, London, Frankfurt, Helsinki and Tokyo in 1998–2002. Bank exit … regimes are studied from the perspective of bank creditors and bank shareholders. In order to apply econometric methods, the …

Persistent link: https://www.econbiz.de/10005423720

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

Should new or rapidly growing banks have more equity?

Niinimäki, Juha-Pekka - Suomen Pankki - 2001

designing a relationship-lending model in which a bank operates as a financial intermediary and centralised monitor. In the … absence of deposit insurance, the bank’s limited liability option creates an incentive problem between the bank and its …, the bank must signal its safety to depositors by maintaining the equity ratio held. The optimal equity ratio is dynamic …

Persistent link: https://www.econbiz.de/10005648834

Stock exchange alliances, access fees and competition

Shy, Oz; Tarkka, Juha - Suomen Pankki - 2001

This paper investigates the market consequences of alliance formation among stock exchanges. These alliances enable brokers to match investors internationally at their local market, thereby eliminating the need for brokers to maintain memberships in foreign stock exchanges. We sort out the...

Persistent link: https://www.econbiz.de/10005207136

Are firm- and country-specific governance substitutes? Evidence from financial contracts in emerging markets

Francis, Bill; Hasan, Iftekhar; Song, Liang - Suomen Pankki - 2012

We investigate how borrowers’ corporate governance influences bank loan contracting terms in emerging markets and how …

Persistent link: https://www.econbiz.de/10010548603

Economies of scale and technological development in securities depository and settlement systems

Schmiedel, Heiko; Malkamäki, Markku; Tarkka, Juha - Suomen Pankki - 2002

The paper investigates the existence and extent of economies of scale in depository and settlement systems. Evidence from 16 settlement institutions across different regions for the years 1993–2000 indicates the existence of significant economies of scale. The degree of such economies,...

Persistent link: https://www.econbiz.de/10005771143

Links between securities settlement systems: An oligopoly theoretic approach

Kauko, Karlo - Suomen Pankki - 2002

This paper presents a duopoly model of the securities settlement industry. Because pooling a large amount of payments can help in using liquidity efficiently, issuers prefer systems where a large number of securities are issued. If the central securities depositories establish a mutual link that...

Persistent link: https://www.econbiz.de/10005771144

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