paper is among the first to apply this methodology on a detailed, bank-level dataset from the retail banking sector. It …

Building on Cecchetti and Li (2005), we show that the bank lending channel affects monetary policy trade-offs only when … monetary policy model. In our calibrated model the resulting impact of the bank lending channel on output-inflation trade …-offs is quantitatively small and of ambiguous sign. When bank capital varies counter cyclically and bank loan rates have a …

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 …

The Bank of Finland’s Finnish Payment Habits 2010 project predicts that Finnish payment habits will face substantial …