We show theoretically that a proportional R&D subsidy accelerates innovation activity at all degrees of competition in … the modern Schumpeterian growth model, but less so at high degrees of competition. We then use company-level data on … patenting activity, product market competition and R&D subsidies of Finnish firms during 1990–2001 to test the theoretical …

addition to general sluggishness, bank deposit rates’ reactions are clearly asymmetric: flexible when market rates are …

Recent cross-country comparisons of bank efficiency have been based on pooled estimates of banks across countries and … technical efficiency is a significant deterrence to foreign competition. …

competition and consumer protection policies as well as direct interventions discouraging large value cash payments would be …

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 …

facilities. The outcome of increasing competition may be not be the amalgamation of exchanges but instead the centralization of …

The 5th joint SUERF/Bank of Finland joint conference was held in Helsinki on 13 June 2013. The general theme of the …