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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
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The 1990’s financial crises in Nordic countries
Honkapohja, Seppo - Suomen Pankki - 2009
The current financial crisis, which has lasted almost one and a half years, is the 19th such crisis in the post-war period in advanced economies. Recent literature classifies the Nordic crises in Norway, Sweden and Finland in late 1980's and early 1990’s among the Big Five crises that have...
Persistent link: https://www.econbiz.de/10005207165
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Financial crises and bank failures: a review of prediction methods
Demyanyk, Yuliya; Hasan, Iftekhar - Suomen Pankki - 2009
In this article we provide a summary of empirical results obtained in several economics and operations research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults, as well as outlines of the methodologies used. We analyze financial and economic...
Persistent link: https://www.econbiz.de/10008509430
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Transmission of macro shocks to loan losses in a deep crisis: the case of Finland
Jokivuolle, Esa; Viren, Matti; Vähämaa, Oskari - Suomen Pankki - 2009
1990s crisis with the most recent distribution demonstrates the greatly elevated risk level prior to the 1990s crisis. …
Persistent link: https://www.econbiz.de/10008509434
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Financial interlinkages and risk of contagion in the Finnish interbank market
Toivanen, Mervi - Suomen Pankki - 2009
Using the maximum entropy method, this paper estimates the danger of contagion in the Finnish interbank market in 2005–2007 as well as the existence of contagion during a Finnish banking crisis. The contagion analysis of the early 1990s is able to predict the most troublesome and defaulting...
Persistent link: https://www.econbiz.de/10005648959
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Bankers' compensation: Sprint swimming in short bonus pools?
Jokivuolle, Esa; Keppo, Jussi - Suomen Pankki - 2014
justified. We model bonuses as a series of sequential call options on profits and show that they provide higher risk … no robust relationship between risk-taking incentives and US banks' stock returns during the global financial crisis. The …
Persistent link: https://www.econbiz.de/10010734434
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Diagnostics for the financial markets – computational studies of payment system: Simulator Seminar Proceedings 2009–2011
Hellqvist, Matti; Laine, Tatu - Suomen Pankki - 2012
This publication consists of fifteen studies on payment and settlement systems conducted using computational or simulation techniques. The studies have been presented at the simulator seminars arranged by the Bank of Finland during the years 2009–2011. The main focus of the studies is on the...
Persistent link: https://www.econbiz.de/10010584387
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Do private signals of a bank’s creditworthiness predict the bank’s CDS price? Evidence from the Eurosystem's overnight loan rates
Tölö, Eero; Jokivuolle, Esa; Viren, Matti - Suomen Pankki - 2014
We investigate the relationship between the daily average interbank overnight borrowing rate (AOR) and the credit default swap price (CDS) of 60 banks using the Eurosystem’s proprietary data from mid-2008 to mid-2013. We find that the AOR which is observable only by the competent Eurosystem...
Persistent link: https://www.econbiz.de/10010818980
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Contagion in the interbank network: An epidemiological approach
Toivanen, Mervi - Suomen Pankki - 2013
This paper analyses the importance of individual bank-specific factors on financial stability. First, we use a novel method to model the spreading of the contagion in the interbank network by implementing an epidemiologic model. Actual data on European banks is exploited with simulated...
Persistent link: https://www.econbiz.de/10010818996
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Crisis performance of European banks – does management ownership matter?
Westman, Hanna - Suomen Pankki - 2014
Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with …, this paper presents novel findings on drivers for risk-taking and crisis performance. Specifically, I find a positive … shareholders induce managers to take risk where the safety net creates incentives for risk-shifting to debt holders and taxpayers …
Persistent link: https://www.econbiz.de/10011082590