Harry Leinonen, Advisor to the Board, Financial Markets and Statistics

Harry Leinonen Address Snellmaninaukio
00170 HELSINKI
FINLAND
Telephone 010 831 2112 (national),
+358 10 831 2112 (international)
Postal address Bank of Finland
PO Box 160
FI-00101 HELSINKI
FINLAND
Fax 010 831 2311 (national),
+358 10 831 2311 (international)
Email Firstname.Lastname@bof.fi

2010

"Future payments - mobile, social or sociomobile?", SPEED Vol 4 No 4, Summer 2010

"Transparent price competition of two-sided subsidisation in card payments? Is there a need for a more efficient business model for the card industry?" Payments Strategy & Systems, Vol 4 No 2, June 2010

"From two-sided subsidization to transparent price competition in card payments -Potential benefits of a more efficient business model" , May 2010

"Fördelaktigare betalsystem genom transparent prissättning", Ekonomista Samfundets Tidskrift, 1/10 (Available only in Swedish)

Leinonen H. (2010), "Simulation as a tool in studying payment and settlement systems", in Kahn, C.M. (ed.), Effective Oversight of Payment and Settlement Systems: Maintaining financial plumbing, The Marketing & Management Collection, Henry Stewart Talks Ltd, London (online at http://hstalks.com/?t=MM1092545-Leinonen)

2009

(-ed.) "Evolving payment habits", Bank of Finland Expository studies, A:113, 2009

" The Changing Retail Payment Landscape: An overview ", October 2009 

(- & Sampo Alhonsuo, Ed. Esko Roos) "Pankkikriisien toistuva kaava", O & P, 3/2009 (Available only in Finnish)

(-ed.) "Simulation analyses and stress testing of payment networks", Bank of Finland Studies, E:42 2009

"Europe's payments follow national paths", SPEED, Central Banking Publications Limited, Vol 3 No 4, Spring 2009 

(- & Sampo Alhonsuo) "Pankkikriisit toistavat samaa kaavaa", Euro & Talous, 1/2009 (Available only in Finnish)

2008

"How Could Mobile GSM Experiences be Used to Increase Card Payment Efficiency?"gtnews.com (available for download, www.gtnews.com), December 2008

(- & Sampo Alhonsuo) "Pankkikriisit noudattavat samaa kaavaa - Pankkikriisien yleisestä anatomiasta", BoF Online 16/2008 (Available only in Finnish)

"Restructuring Value Transfer Structure for Efficient Real-Time Economy Processing", EDS and CROSSTALKS: Semantic Interfaces and Key Opportunities of SEPA, Edited by Marleen Wynants, June 2008

"Authorities' changing role in payments", SPEED, Central Banking Publications Limited, Vol 2 No 4, Spring 2008

"After 2010: Will the Customer become king?", The Future of Finance after SEPA, Edited by Chris Skinner, Spring 2008

"Payment habits and trends in the changing e-landscape 2010+", Bank of Finland Expository studies, A:111, 2008 (Russian translation, Перевод на русский язык)

2007

"From plastic to bits – payment habits are changing", Bank of Finland Bulletin, 4/2007

"Maksaminen maksaa liikaa", Talouselämä, 42/2007

"Six trends in European payments", SPEED, Central Banking Publications Limited, Vol 2 Summer 2007

(-ed.) "Simulation studies of liquidity needs, risks and efficiency in payment networks", Bank of Finland Studies, E:39 2007

"On the efficiency of multilateral interchange fees (MIFs)", BoF Online, 4/2007

"The Efficiency Of Multilateral Interchange fees", gtnews.com, May 2007

"How to reap the benefits from e-invoicing", SPEED, Central Banking Publications Limited, Vol1 No 4 Spring 2007

"Interview on the Payment Industry: Facing new Challenges", Communications & Strategies, Idate, No 66 / 2nd quarter 2007

"Basics of Efficiency and STP in securities Processing", gtnews.com, Feb 2007

2006

"Understanding the Changing Economics of SEPA", gtnews.com, Aug 2007

"Euroopan maksu- ja selvitysjärjestelmät muutosten kourissa", Suomen Pankki , A:109 2006 (Suomen Pankki, EMU ja rahoitusmarkkinat, ed. Pentti Pikkarainen and Antti Suvanto)

"Bank provided e-invoicing structures and benefits", Appendix to EU Comission Next Steps (in SEPA) proposal,  Feb 2006

2005

"Benefits of a common financial transfer message (FTM)", TWIST standards, Sep 2005

(-ed.) "Liquidity, risks and speed in payment and settlement systems – a simulation approach", Bank of Finland Studies, E:31 2005

2004

(- &Kimmo Soramäki) "Simulation: A powerful research tool in payment and settlement systems", Payment Systems Worldwide, Autumn 2004, and also published in Journal of Financial Transformation, Payments Vol 12 – December 2004

"Simulointimallit maksu- ja selvitysjärjestelmien uutena tutkimusvälineenä", Kansantaloudellinen Aikakausikirja, 2/2004 

2003

(- & Kimmo Soramäki) "Simulating interbank payment and securities settlement mechanisms with BoF-PSS2 simulator", Bank of Finland discussion papers, 23/2003

"Restructuring securities Systems for Maximum Efficiency", Payment Systems Worldwide, Winter 2003-2004

"Développement de la Banque en ligne dans les Pays Nordiques", Revue d el'Économie Financière Les Métiers financière face à Internet, Revue D'Économie Financière, No 69, 2003

"Restructuring securities systems processing - a blue print proposal for real-time/t+0 processing", Bank of Finland Discussion papers, 7/2003

(- &Timo Iivarinen, Matti Lukka and Veikko Saarinen) "Regulation and control of payment system risks – a Finnish perspective", Bank of Finland Studies, A:106, 2003

2002

"Network-Based Payments and E-Settlement", Payment Systems Worldwide, Autumn 2002, also published in Journal of Financial Transformation, Payments Vol 12 – December 2004

"Network-based payments and e-settlement – a long-term perspective", Bank of Finland Bulletin 4/2002

(- & Veli-Matti Lumiala and Riku Sarlin) "Settlement in modern network-based payment infrastructures – description and prototype of the E-Settlement model", Bank of Finland discussion papers 23/2002

2001

"Redesigning International Payment Systems I and II", Payment Systems Worldwide, Summer and Autumn 2001 also published in Central Bank Publishing E-money and Payment Systems Review April/2002

"Developments in retail payment systems", Bank of Finland Bulletin 2/2001 also published in BIS papers Nr 7 2001

2000

" Re-engineering Payment Systems for the E-world ", Bank of Finland Discussion papers 17/2000

1999

" Maksuliikkeen likviditeetin hallinnan uudet haasteet ", Suomen Pankki, Euro & talous 4/1999

"Management of liquidity in payment systems: new challenges", Bank of Finland Bulletin 4/1999

(- & Ralf Pauli) "Bank of Finland’s oversight of payment and settlement systems", Bank of Finland Bulletin 3/1999

(- & Ralf Pauli) "Suomen Pankin tehtävät maksu- ja selvitysjärjestelmien yleisvalvonnassa", Suomen Pankki, Euro & talous 3/1999

(- & Soramäki Kimmo) "Optimizing Lquidity Usage and Settlement Speed in Payment Systems", Bank of Finland, Discussion papers 16/1999

1998

" Interbank funds transfer systems: liquidity needs, counterparty risks and collateral ", Bank of Finland Discussion papers 16/1998

"Maksuliikkeen katteensiirtojärjestelmät: likviditeettitarpeet, vastapuoliriskit ja vakuuskäytännöt", Suomen Pankki, Keskustelualoite 9/98

(- & Saarinen Veikko) "Payment system risks in Finland and the need for regulation and supervision", Bank of Finland Studies A:101, 1998

(- & Saarinen Veikko) "Suomalaiset maksujärjestelmäriskit niiden sääntely- ja valvontatarpeet", Suomen Pankki, Sarja A:100