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An assessment of alternative lender of last resort schemes

Herrala, Risto - Suomen Pankki - 2001

of last resort and investigate how it formulates policy under alternative public and private governance structures. The … debate on free banking, in particular the issue of whether private institutions would fare well as lenders of last resort. <p …> In our model, the first-best LOLR scheme always covers the whole banking sector and offers full insurance to the …

Persistent link: https://www.econbiz.de/10005648930

Yearbook / Suomen Pankki

Suomen Pankki; Taloustieteellinen Tutkimuslaitos <Helsinki>; … - Helsinki [u.a.] : Gov. Print. Off. - 1.1914/20 - 76.1995(1996)

Persistent link: https://www.econbiz.de/10000450105

Monthly bulletin / Bank of Finland. Ed. by the Bank of Finland Institute of Economic Research

Suomen Pankki - Helsinki : Bank - 1.1921 - 19.1939,10; 20.1946 - 61.1987

Persistent link: https://www.econbiz.de/10000350882

Special Issue: Financial stability, bank risk, and regulation in the light of the crisis

Papanikolaou, Nikolaos I. (contributor) - 2014

Persistent link: https://www.econbiz.de/10011301298

Liquidity and market efficiency : alive and well?

Liikanen, Erkki; Jylhä, Petri; Pennacchi, George G.; … - Joint Conference with the Bank of Finland in Helsinki …; … - 2015

On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of liquidity and market efficiency. The one-day program consisted of an opening speech, six presentations, including three keynotes, and a lunchtime address. The present SUERF Study...

Persistent link: https://www.econbiz.de/10011414459

ATM networks and cash usage

Snellman, Heli; Virén, Matti - Suomen Pankki - 2006

This paper deals with the issue of how the market structure in banking affects the choice of means of payment. In … incentive to restrict the number of ATMs to a minimum. In general, the number of ATMs depends on competitiveness in the banking …

Persistent link: https://www.econbiz.de/10005207157

Screening in the credit market when the collateral value is stochastic

Niinimäki, Juha-Pekka - Suomen Pankki - 2009

This theoretical paper explores screening with loan collateral when both the collateral value and the probability of project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk borrowers may in such case be more willing to pledge...

Persistent link: https://www.econbiz.de/10005014554

Essays on the limits of borrowing

Herrala, Risto - Suomen Pankki - 2012

The aim of this research is to provide new insights about the limits of borrowing. The second chapter contributes to the theory of limits of borrowing by a study of LOLRs in an original model. The third chapter introduces a new approach to test and measure the limits of borrowing...

Persistent link: https://www.econbiz.de/10010611650

Risk-adjusted measures of value creation in financial institutions

Milne, Alistair; Onorato, Mario - Suomen Pankki - 2009

Measuring value creation by comparing the RAROC of an exposure (the return on risk capital) with a single institution-wide hurdle rate is inconsistent with the standard theory of financial valuation. We use asset pricing theory to determine the appropriate hurdle rate for such a RAROC...

Persistent link: https://www.econbiz.de/10008509435

Do markup dynamics reflect fundamentals or changes in conduct?

Juselius, Mikael; Kim, Moshe; Ringbom, Staffan - Suomen Pankki - 2009

related to multiple and changing equilibria. Results from applying the model to US and five major European banking sectors …

Persistent link: https://www.econbiz.de/10004979444