Narrow search
Showing 1 - 10 of 144
Cover Image
Retail payments and economic growth
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Do markup dynamics reflect fundamentals or changes in conduct?
Juselius, Mikael; Kim, Moshe; Ringbom, Staffan - Suomen Pankki - 2009
Persistent shifts in equilibria are likely to arise in oligopolistic markets and may be detrimental to the measurement of conduct, related markups and intensity of competition. We develop a cointegrated VAR (vector autoregression) based approach to detect long-run changes in conduct when data...
Persistent link: https://www.econbiz.de/10004979444
Cover Image
Central counterparty clearing: constructing a framework for evaluation of risks and benefits
Ripatti, Kirsi - Suomen Pankki - 2004
version of a Bank of Finland working paper (Financial Markets Department 01/04). …
Persistent link: https://www.econbiz.de/10005419682