The aim of the Bank of Finland's research activities is to meet the academic quality criteria set for high level research.
Therefore, the Bank aims to have the results of these research projects published in internationally recognised journals,
in which quality is guaranteed by peer review.
Forthcoming
Efrem Castelnuovo – Salvatore Nisticò
Stock Market Conditions and Monetary Policy in a DSGE Model for the U.S.
Journal of Economic Dynamics and Control
Allen N. Berger – Iftekhar Hasan – Mingming Zhou
The effects of focus versus diversification on bank performance: Evidence from Chinese banks
Journal of Banking & Finance, Available online.
Timo Korkeamaki – Eva Liljeblom – Daniel Pasternacka
Tax reform and payout policy: Do shareholder clienteles or payout policy adjust?
Journal of Corporate Finance
Iikka Korhonen – Svetlana Ledyaeva
Trade linkages and macroeconomic effects of the price of oil
Energy Economics
Jarko Fidrmuc – Iikka Korhonen
The impact of the global financial crisis on business cycles in Asian emerging economies
Journal of Asian Economics
Yuliya Demyanyka – Iftekhar Hasan
Financial crises and bank failures: A review of prediction methods
Omega
(BoF DP 35/2009)
J.-P. Niinimäki
Hidden loan losses, moral hazard and financial crises
Journal of Financial Stability, Available online.
Juha Kilponen – Matti Viren
Why do growth rates differ? Evidence from cross-country data on private sector production
Empirica, Available online.
(BoF DP 13/2008)
Aaron Mehrotra – Tuomas Peltonen – Alvaro Santos Rivera
Modelling inflation in China - A regional perspective
China Economic Review
Mikael Bask
Measuring Potential Market Risk
Journal of Financial Stability
(BoF DP 20/2007)
Iikka Korhonen – Aaron Mehrotra
Money demand in post-crisis Russia: De-dollarisation and re-monetisation
Emerging Markets Finance and Trade
(BOFIT DP 8/2007)
Bill B Francis – Iftekhar Hasan – James R Lothian – Xian Sun
Signaling Hypothesis Revisited: Evidence from Foreign IPOs
Journal of Financial and Quantitative Analysis
(BoF DP 10/2008)
Ville Mälkönen
Financial Conglomeration and Monitoring Incentives
Journal of Financial Stability
(BoF DP 10/2004)
Matti Viren
Inflation expectations and regime shifts
Principles of Modelling Forecasting and Decision-making
Mikael Bask
Exchange Rate Volatility without the Contrivance of Fundamentals
Frontiers in Finance and Economics
(BoF DP 8/2006)
Tuomas Takalo – Klaus Kultti – Tanja Tanayama
R&D Spillovers and Information Exchange: a Case Study
Greek Economic Review
George w. Evans – Seppo Honkapohja –Noah Williams
Generalized stochastic gradient learning
International Economic Review, Vol. 51, No. 1, February 2010: 237-262
Bill B. Francis – Iftekhar Hasan – Kose John – Maya Waisman
The effect of state antitakeover laws on the firm's bondholders
Journal of Financial Economics, Volume 96, Issue 1, April 2010: 127-154
Tuomas Takalo – Tanja Tanayama
Adverse Selection and Financing of Innovation: Is There a Need for R&D Subsidies
Journal of Technology Transfer, Volume 35 Number 1 / February, 2010, 16-41
(BoF DP 19/2008)
Olli Castrén – Tuomas Takalo – Geoffrey Wood
Unemployment persistence and the sustainability of exchange rate pegs
Scottish Journal of Political Economy, Vol. 57 No. 1, February 2010: 85-102
(BoF DP 22/2004)
Peik Granlund
Supervisory approaches and financial market development: Some correlation-based evidence
Journal of Banking Regulation 2009, 11, 6–30
(BoF DP 1/2008)
Samu Kurri
Price changes in Finland. Some evidence from the micro CPI data
Finnish Economic Papers Volume 22 Number 2, Autumn 2009: 47-62
George W.Evans – Seppo Honkapohja – Kaushik Mitra
Anticipated fiscal policy and adaptive learning
Journal of Monetary Economics, Volume 56 Issue 7, October 2009, Pages 930-953
Mikael Bask – Jarko Fidrmuc
Fundamentals and Technical Trading: Behavior of Exchange Rates in the CEECs
Open Economies Review, November 2009, v. 20, iss. 5, pp. 589-605
(BoF DP 10/2006)
K. C.; Fung – Iikka Korhonen – Ke Li – Francis Ng
China and Central and Eastern European Countries: Regional Networks, Global Supply Chain or International Competitors?
Journal of Economic Integration, September 2009, v. 24, iss. 3: 476-504
Juuso Kaaresvirta – Aaron Mehrotra
Business surveys and inflation forecasting in China
Economic Change and Restructuring, Volume 42, Number 4 / November, 2009: 263-271
(BOFIT DP 22/2008)
Maritta Paloviita – Matti Viren
The role of expectations in the inflation process in the euro area
The Role of Expectations in Modelling and Monetary Policy Making, Routledge International Studies in Money and Banking,
Chapter 8, 07 December 2009
(BoF DP 6/2005)
Tuuli Koivu
Has the Chinese Economy become more sensitive to interest rates? Studying credit demand in China
China Economic Review Volume 20, Issue 3, September 2009: 455-470
(BOFIT DP 1/2008)
David Mayes – Matti Viren
Changes in behaviour under EMU
Economic Modelling v. 26, iss. 4, pp. 751-59
Bob Hunt – Tuomas Takalo – Samuli Simojoki
Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single Euro Payments Area
Financial Innovation in Retail and Corporate Banking (L. Anderloni, D.T. Llewellyn, and R. Schmidt, eds) 2009: 170-198
Klaus Kultti – Paavo Miettinen
Stability of Constitutions
Journal of Public Economic Theory December 2009, v. 11, iss. 6, pp. 891-96
Bill Francis – Iftekhar Hasan – Haizhi Wang
Personal Bankruptcy Law and New Business Formation
Financial Review November 2009, v. 44, iss. 4, pp. 647-63
Klaus Kultti – Antti Miettunen – Tuomas Takalo – Juha Virrankoski
Who Searches?
Japanese Economic Review Vol. 60, Issue 2, pp. 152-171, June 2009
Mikael Bask
Robust Taylor Rules under Heterogeneity in Currency Trade
International Economics and Economic Policy Volume 6, Number 3 / October, 2009: 283-313
(BoF DP 6/2007)
Maritta Paloviita
Estimating open economy Phillips curves for the euro area with directly measured expectations
New Zealand Economic Papers, Volume 43, Issue 3, December 2009: 233–254
(BoF DP 16/2008)
Maritta Paloviita – Matti Viren
The Role of Inflation Expectations in the EMU
Applied Economics Letters, Volume 16, Issue 16, November 2009: 1671–1675
(BoF DP 6/2005)
Matti Viren
Does the value-added tax shift to consumption prices?
AUCO Czech Economic Review, Volume 3, Number 2, 2009: 123–142
Aaron Mehrotra
The case for price level or inflation targeting—What happened to monetary policy effectiveness during the Japanese disinflation?
Japan and the World Economy, 21 (3),2009, 280–291
Zuzana Fungacova – Laura Solanko
Risk-taking by Russian Banks: Do Location, Ownership and Size Matter?
HSE Economic Journal, Tom 13, Vol 1, 2009: 101–129
Tuuli Koivu – Aaron Mehrotra – Riikka Nuutilainen
An analysis of Chinese money and prices using a McCallum-type rule
Journal of Chinese Economic and Business Studies, 7 (2), 2009: 219–236
(BOFIT DP 15/2008)
Heli Snellman – Matti Virén
ATM Networks and Cash Usage
Applied Financial Economics, 19, No. 10 (2009): 841–851
(BoF DP 21/2006)
Laura Solanko – Pekka Sutela
Too much or too little Russian gas for Europe?
Eurasian Geography and Economics, Vol. 50, No. 1, 2009: 58–74
Ari Hyytinen – Tuomas Takalo
Consumer Awareness and the Use of Payment Media: Evidence from Young Finnish Consumers
Review of Network Economics, Volume 8, Issue 2, 2009: 164–188
(BoF DP 2/2008)
Iftekhar Hasan – Michael Koetter – Michael Wedow
Regional growth and finance in Europe: Is there a quality effect of bank efficiency?
Journal of Banking & Finance, Volume 33, Issue 8, 2009: 1446–1453
(BoF DP 13/2009)
Bill B. Francis – Iftekhar Hasan – Xian Sun
Political connections and the process of going public: Evidence from China
Journal of International Money and Finance, Volume 28, Issue 4, June 2009: 696–719
(BoF DP 7/2009)
Tomasz Koźluk – Aaron Mehrotra
The impact of Chinese monetary policy shocks on East and South-East Asia
Economics of Transition, Vol. 17, Issue 1: 121–145
(BOFIT DP 5/2008)
Hilde C. Bjørnland – Kai Leitemo
Identifying the interdependence between U.S. Monetary policy and the stock market
Journal of Monetary Economics, Volume 56, Issue 2, March 2009: 275–282
(BoF DP 17/2005)
Mikael Bask
Announcement Effects on Exchange Rates
International Journal of Finance and Economics, Vol. 14, Iss. 1, January 2009: 64–84
(BoF DP 6/2006)
Mikael Bask
Instrument Rules in Monetary Policy under Heterogeneity in Currency Trade
Journal of Economics and Business, Vol. 61, Iss. 2, March–April 2009: 97–111
(BoF DP 22/2007)
Karlo Kauko
Mixed duopoly of payment systems
International Research Journal of Finance and Economics, Issue 24, February 2009: 153–166
(BoF DP 11/2005)
Karlo Kauko
Managers and efficiency in banking
Journal of Banking and Finance, Volume 33, Issue 3, March 2009: 546–556
(BoF DP 11/2007)
R. Ciciretti – I. Hasan – C. Zazzara
Do Internet Activities Add Value? Evidence from the Traditional Banks
Journal of Financial Services Research, Volume 35, Number 1, February 2009: 81–98
Allen N. Berger – Iftekhar Hasan – Mingming Zhou
Bank Ownership and Efficiency in China: What Will Happen in the World’s Largest Nation?
Journal of Banking & Finance, Volume 33, Issue 1, January 2009: 113–130
(BoF DP 16/2007)
Iftekhar Hasan – Paul Wachtel – Mingming Zhou
Institutional Development, Financial Deepening and Economic Growth: Evidence from China
Journal of Banking & Finance, Volume 33, Issue 1, January 2009: 157–170
Iikka Korhonen – Tuuli Juurikkala
Equilibrium exchange rates in oil-exporting countries
Journal of Economics and Finance, Volume 33, Number 1, January 2009
Patrick Crowley – David Mayes
How fused is the euro area core? An evaluation of growth cycle co-movement and synchronization using wavelet analysis
Journal of Business Cycle Measurement and Analysis No.:4, Volume:2008, Issue:1: 63–95
(BoF DP 18/2006)
Leonardo Becchetti – Iftekhar Hasan – Paul Wachtel
The Anticipated Effects of EU Enlargement: Exchange Rate Volatility, Institutions and Conditional Convergence
Transition Studies Review, 15, No. 3, 2008: 431–446
Olga Garanina
What beyond oil and gas? Russian trade specialisation in manufactures
Post-Communist Economies, Vol. 21, No. 1, March 2009: 1–29
(BOFIT DP 23/2008)
Laura Solanko
Unequal fortunes: a note on income convergence across Russian regions
Post-Communist Economies, Vol. 20, Iss. 3, September 2008: 287–301
David Mayes – Matti Viren
The Impact of Asset Prices and Their Information Value for Monetary Policy
Journal of Economic Asymmetries, December 2008: 1–26
Paul Evans – Iftekhar Hasan – Ana Lozano-Vivas
Deregulation and Convergence of Banking: The EU Experience
Finnish Economic Papers, Vol. 21, No. 2, Autumn 2008: 104–117
George W. Evans – Eran Guse – Seppo Honkapohja
Liquidity traps, learning and stagnation
European Economic Review, Volume 52, Issue 8, November 2008: 1438–1463
B. Francis – I. Hasan – D. Hunter
Can hedging tell the full story? Reconciling differences in United States aggregate- and industry-level exchange rate risk premium
Journal of Financial Economics, Volume 90, Issue 2, November 2008: 169–196
(BoF DP 14/2008)
Pierre Siklos – Martin Bohl
Policy Words and Policy Deeds: The ECB and the Euro
International Journal of Finance and Economics, Volume 13 Issue 3, 2008: 247–265
(BoF DP 2/2006, partly)
Iftekhar Hasan – Haizhi Wang
The US Bankruptcy Law and Private Equity Financing: Empirical Evidence
Small Business Economics, Vol. 31, No. 1, June 2008: 5–19
David Mayes – Peik Granlund
Polar Approaches to Regulating Cross-Border Banking: Nordic and Antipodean Routes to Financial Stability
European Business Organization Law Review, Vol. 9, Issue 1, 2008: 63–95
Maritta Paloviita
Comparing alternative Phillips curve specifiacations: European results with survey-based expectations
Applied Economics, Volume 40, Issue 17, September 2008: 2259–2270
(BoF DP 22/2005)
David G. Mayes – María J. Nieto – Larry Wall
Multiple safety net regulators and agency problems in the EU: Is Prompt Corrective Action partly the solution?
Journal of Financial Stability, Volume 4, Issue 3, September 2008: 232–257
(BoF DP 7/2007)
Terhi Jokipii – Alistair Milne
Cyclical Behaviour of European Bank Capital Buffers
Journal of Banking and Finance, 30th Anniversary Issue, Volume 32, Issue 8, August 2008: 1440–1451
(BoF DP 17/2006)
Bill B Francis – Iftekhar Hasan – Xian Sun
Financial market integration and the value of global diversification:
evidence for US acquirers in cross-border mergers and acquisitions
Journal of Banking & Finance, Vol. 32, Issue 8, August 2008: 1522–1540
(BoF DP 24/2006)
Ari Hyytinen – Mika Pajarinen
Opacity of young businesses:Evidence from rating disagreements
Journal of Banking & Finance, Vol 32, Issue 7, July 2008: 1234–41
James Bullard – George W Evans – Seppo Honkapohja
Monetary Policy, Judgment, and Near-Rational Exuberance
American Economic Review, Volume 98, No. 3, 2008: 1163–77
József Molnár – Gábor Virág
Revenue Maximizing Auctions with Market Interaction and Signalling
Economics Letters, Volume 99, Issue 2, May 2008: 360–363
Ari Hyytinen – Tuomas Takalo
Investor Protection and Business Creation
International Review Of Law And Economics, 28, 2008: 113–122
(BoF DP 17/2003)
Juha Kilponen – Kai Leitemo
Model Uncertainty and Delegation: A Case for Friedman's k-Percent Money Growth Rule?
Journal of Money, Credit and Banking, Volume 40, Issue 2–3, March/April 2008: 547–556
(BoF DP 4/2006)
Yehning Chen – Iftekhar Hasan
Why do bank runs look like panic? A new explanation
Journal of Money, Credit and Banking, Volume 40, Issue 2–3, March/April 2008: 535–546
(BoF DP 19/2006)
Ari Hyytinen – Petri Rouvinen
The labour market consequences of self-employment spells: European evidence
Labour Economics, Volume 15, Issue 2, April 2008: 246–271
Stanislav Anatolyev
A 10-year retrospective on the determinants of Russian stock returns
Research in International Business and Finance, Vol. 22, Issue 1, January 2008: 56–67
(BOFIT DP 9/2005)
Aaron Mehrotra
Demand for Money in Transition: Evidence from China's Disinflation
International Advances in Economic Research, Vol. 14 (1), 2008: 36–47
(BOFIT DP 10/2006)
Klaus Kultti –Tuomas Takalo
Optimal Fragmentation of Intellectual Property Rights
International Journal of Industrial Organization, Volume 26, Issue 1, January 2008: 137–149
Mikael Bask
Adaptive Learning in an Expectational Difference Equation with Several Lags: Selecting among Learnable REE
European Financial Management, 14, No. 1, 2008: 99–117
(BoF DP 7/2006)
Juha-Pekka Niinimäki – Tuomas Takalo
Benchmarking and Comparing Entrepreneurs with Incomplete Information
Finnish Economic Papers, Vol. 20, No. 2, 2007: 91–107
(BoF DP 1/2006)
Tuomas Takalo – Klaus Kultti – Juuso Toikka
Secrecy vs. Patenting
RAND Journal of Economics, Supplementary Appendix, Vol 38, No. 1, Spring 2007: 22–42
Maritta Paloviita – David Mayes
Asymmetry and Inflation Dynamics in Different Specifications of the Phillips Curve for the Euro Area
Current Politics and Economics of Europe, Volume 19, Issue 3/4, 2007
Matti Virén
The Slowdown of Inflation Expectations in Europe: An Empirical Investigation
Current Politics and Economics of Europe, Volume 19, Issue 3/4, 2007
Alistair Milne
Standards and Competition in Post-trade Securities Processing
Journal of Financial Transformation, No. 20, September 2007: 143–54
(BoF DP 23/2005)
Kari Takala – Matti Virén
Impact of ATMs on the Use of Cash
Communications & Strategies, 66:2, 2007: 47–59
Alistair Milne
Governance and Innovation in UK Retail Payments
Communications & Strategies, 66:2, 2007: 63–77
Martin Bohl – Pierre Siklos – Thomas Werner
Do central banks react to the stock market? The case of the Bundesbank
Journal of Banking & Finance, 31, 3, 2007: 719–733
(BoF DP 2/2006, partly)
Pertti Haaparanta – Jukka Pirttilä
Reforms and Confidence
Journal of Development Economics, Vol. 84, 2007: 534–550
(BOFIT DP 1/2005)
Martin Ellison – Lucio Sarno – Jouko Vilmunen
Caution or Activism? Monetary Policy Strategies in an Open Economy
Macroeconomic Dynamics, Vol. 11, No. 4, September 2007: 519–41
(BoF DP 3/2004)
Alistair Milne
The industrial organization of post-trade clearing and settlement
Journal of Banking & Finance, Vol. 31, Issue 10, October 2007: 2945–2961
Karlo Kauko
Interlinking Securities Settlements: a Strategic Commitment
Journal of Banking and Finance, Vol. 31, Issue 10, October 2007: 2962–2977
(BoF DP 26/2003)
Heidi Soininen
Finnish evidence of changes in labor market matching
Finnish Economic Papers, 20,1, 2007: 57–71
Reino Hjerppe – Pellervo Hämäläinen – Jaakko Kiander – Matti Viren
Do Government expenditures increase private sector productivity? Cross-country Evidence
International Journal of Social Economics, 34, 2007: 345–360
David Mayes – Matti Virén
The SGP and the ECB: an exercise in asymmetry
Journal of Financial Transformation, 19, 2007: 159–175
Klaus Kultti – Paavo Miettinen
Herding with Costly Observation
The B.E. Journal of Theoretical Economics, Vol. 7, Iss. 1 (Topics), Article 28, 2007
Kai Leitemo
The Optimal Perception of Inflation Persistence is Zero
Scandinavian Journal of Economics, 1, 2007: 107–113
Ari Hyytinen – Olli-Pekka Ruuskanen
Time use of the self-employed
Kyklos, Vol. 60, No. 1, 2007: 105–122
Ari Hyytinen – Mika Pajarinen
Is the cost of debt capital higher for younger firms?
Scottish Journal of Political Economy, Vol. 54, No. 1, 2007: 55–71
Mikael Bask
Chartism and Exchange Rate Volatility
International Journal of Finance and Economics, 12, 3, 2007: 301–316
Timo Korkeamäki – Yrjö Koskinen – Tuomas Takalo
Phoenix Rising: Legal Reforms and Changes in Valuations in Finland during the Economic Crisis
Journal of Financial Stability, 3, 2007: 33–58
(BoF DP 1/2007)
Natasha Burns – Bill B. Francis – Iftekhar Hasan
Cross-listing and legal bonding: Evidence from mergers and acquisitions
Journal of Banking & Finance, Volume 31, Issue 4 , April 2007: 1003–1031
Aaron Mehrotra
Exchange and interest rate channels during a deflationary era—Evidence from Japan, Hong Kong and China
Journal of Comparative Economics, 35, 2007: 188–210
Terhi Jokipii – Brian Lucey
Contagion and Interdependence: Measuring CEE Banking Sector Co-Movements
Economic Systems, 31, 1, 2007: 71–96
(BoF DP 15/2006)
Patrick Crowley
A guide to wavelet for economists
Journal of Economic Surveys, 21, 2, 2007: 207–267
(BoF DP 1/2005)
Timo Vesala
Switching costs and relationship profits in bank lending
Journal of Banking and Finance, 31, 2, 2007: 477–493
(BoF DP 3/2005)
Mikael Bask – Tung Liu – Anna Widerberg
The Stability of Electricity Prices: Estimation and Inference of the Lyapunov Exponents
Physica A, 376, 2007: 565–572
(BoF DP 9/2006)
Tuomas Takalo – Panu Poutvaara
Candidate Quality
International Tax and Public Finance, 14, 1, 2007: 7–27
Eugenio Proto
Bank Fragility and Growth Expectations
B.E. Journal of Economic Analysis & Policy, Vol. 7, Iss. 1 (Topics), Article 55
(BOFIT DP 13/2005)
Iftekhar Hasan – Cristiano Zazzara
Pricing Risky Bank Loans in the New Basel 2 Environment
Journal of Banking Regulation, 7, 243-267 (11 September 2006
(BoF DP 3/2006)
David Mayes
Financial stability in a world of cross-border banking: Nordic and Antipodean solutions to the problem of responsibility without power
Journal of Banking Regulation, 8, 2006: 20–39
David Mayes – Matti Virén
The Relation between Inflation and Regional Unemployment and Sectoral Income Growth Dispersion: Evidence from EU Countries
Journal of Economic Asymmetries, 3, 2006: 83–102
Aaron Mehrotra – Timo Välilä
Public Investment in Europe: Evolution and Determinants in perspective
Fiscal studies, 27; 4, 2006: 443–471
Albert Carreras – Concepción Garciá-Iglesias – Juha Kilponen
Un Siglo y Media de Velocidad de Circulación del Dinero en España: Estimatión y Determinantes
Revista de Historia Economica (Journal of Iberian and Latin American Economic History), N.º 2. Otoño 2006. Año XXIV
Tuomas Takalo – Klaus Kultti – Juuso Toikka
Cross-Licensing and Collusive Behaviour
Homo Oeconomicus, 23, 2, 2006: 181–194
Markku Lanne
Nonlinear dynamics of interest rate and inflation
Journal of Applied Econometrics, 21, 2006: 1157–1168
(BoF DP 21/2002)
Iikka Korhonen – Paul Wachtel
A note on exchange rate pass-through in CIS countries
Research in International Business and Finance, Vol. 20, No 2, 2006: 215–226
(BOFIT DP 2/2005)
Jarko Fidrmuc – Iikka Korhonen
A meta-analysis of business cycle correlation between the euro area and CEECs: What do we know – and who cares?
Journal of Comparative Economics, Vol. 34, No. 3, 2006: 518–537
(BOFIT DP 20/2004)
Maritta Paloviita
Inflation dynamics in the euro area and the role of expectations
Empirical Economics, Volume 31, No. 4, November 2006: 847–860
(BoF DP 21/2004)
Luis J. Àlvarez – Emmanuel Dhyne – Marco Hoeberichts – Claudia Kwapil – Hervé Le Bihan – Patrick Lünnemann –
Fernando Martins – Roberto Sabbatini – Harald Stahl – Philip Vermeulen – Jouko Vilmunen
Sticky Prices in the Euro Area: A Summary of New Micro-Evidence
Journal of the European Economic Association, 4, 2–3, 2006: 575–584
Yehning Chen – Iftekhar Hasan
The transparency of the banking system and the efficiency of information-based bank runs
Journal of Financial Intermediation, Volume 15, Issue 3, July 2006: 307–331
(BoF DP 24/2005)
Heiko Schmiedel – Markku Malkamäki – Juha Tarkka
Economies of scale and technological development in securities depository and settlement systems
Journal of Banking & Finance, 30, 6, June 2006: 1783–1806
(BoF DP 26/2002)
Marco Sorge – Kimmo Virolainen
A comparative analysis of macro stress-testing methodologies with application to Finland
Journal of Financial Stability, Vol. 2, Issue 2, June 2006: 113–151
Klaus Kultti – Tuomas Takalo – Juuso Toikka
Simultaneous Model of Innovation, Secrecy, and Patent Policy
American Economic Review, Volume 96, Issue 2, May 2006: 82–86
Emmanuel Dhyne – Luis J. Àlvarez – Hervé Le Bihan – Giovanni Veronese – Daniel Dias – Johannes Hoffman –
Nicole Jonker – Patrick Lünnemann – Fabio Rumler – Jouko Vilmunen
Price changes in the euro area and the United States: Some facts from individual consumer price data
Journal of Economic Perspectives, 20, 2, Spring 2006: 171–192
Martin Ellison – Liam Graham – Jouko Vilmunen
Strong contagion with weak spillovers
Review of Economic Dynamics, Volume 9, Issue 2, April 2006: 263–283
Luis H. R. Alvarez – Erkki Koskela
Irreversible Investment under Interest Rate Variability: Some Generalizations
Journal of Business, 79, 2, March 2006: 623–644
(BoF DP 29/2003)
Jukka Jalava – Matti Pohjola – Antti Ripatti – Jouko Vilmunen
Biased Technical Change and Capital-Labour Substitution in Finland, 1902–2003
Topics in Macroeconomics, Vol. 6, No. 1, Article 8
John. P. Bonin – Iftekhar Hasan – Paul Wachtel
Privatization matters: Bank Efficiency in transition countries
Journal of Banking and Finance, Vol. 29, 2005: 2155–2178
(BOFIT DP 8/2004)
Esa Jokivuolle – Markku Lanne
Trading Nokia: The roles of the Helsinki vs the New York stock exchanges
The Finnish Journal of Business Economics, 3/2005: 361–374
(BoF DP 26/2004)
Maritta Paloviita – David Mayes
The use of real-time information in Phillips-curve relationships for the euro area
The North American Journal of Economics and Finance, Volume 16, Issue 3, December 2005: 415–434
(BoF DP 16/2004)
Byung-Yeon Kim – Iikka Korhonen
Equilibrium exchange rates in transition countries: Evidence from dynamic heterogeneous panel models
Economic Systems, Vol. 29, No. 2, 2005: 144–162
(BOFIT DP 15/2002)
Martin Ellison – Jouko Vilmunen
A simple approach to identifying the incentives for policy experimentation
Economics Letters, Volume 86, Issue 2, February 2005: 167–172
Juha Kilponen – Pekka Sinko
Taxation and centralised wage setting: The case of endogenous labour supply
Scottish Journal of Political Economy, Vol. 52, No. 4, September 2005: 587–606
Ari Hyytinen – Tuomas Takalo
Corporate Law and Small Business Finance: Mandatory v. Enabling Rules
European Business Organization Law Review (EBOR), Volume 6, Issue 03, September 2005: 449–466
Matti Virén
Suicide and business cycles: new empirical evidence
Applied Economics Letters, 12, No 14, 2005: 887–891
David Mayes – Matti Virén
Monetary Policy Problems for Currency Unions: Asymmetry and the Problem of Aggregation in the Euro Area
Economic Modelling, Vol. 22, No 2, March 2005: 219–51
David Mayes
Who Pays for Bank Insolvency in Transition and Emerging Economies?
Journal of Banking and Finance, Vol. 29, No. 1 (Special Issue), January 2005: 161–81
Balázs Égert
Equilibrium exchange rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) diseased?
Economic Systems, Vol. 29, No. 2, 2005: 123–282
(BOFIT DP 3/2005)
Ville Mälkönen
Capital adequacy regulation and financial conglomerates
Journal of International Banking Regulation, Vol. 6, No. 1, 2004:1–20
(BoF DP 10/2004)
Jaakko Kiander – Juha Kilponen – Jouko Vilmunen
Labor Taxation, Public Finance, and Wage Determination: Evidence from OECD Countries
European Journal of Political Economy, Vol. 20, No. 4, 2004: 983–999
Samu Peura – Esa Jokivuolle
Simulation based stress tests of banks' regulatory capital
Journal of Banking and Finance, Vol. 28, No. 8, 2004: 1801–1824
(BoF DP 4/2003)
Abdur Chowdhury
Private savings in transition economies; Are there terms of trade shocks
Comparative Economic Studies, Vol. 46, No. 4, 2004: 487–514
(BOFIT DP 3/2003)
Jarko Fidrmuc – Iikka Korhonen
The euro goes East; Implications of the 2000–2002 economic slowdown for synchronisation of business cycles
between the euro area and CEECs
Comparative Economic Studies, Vol. 46, No. 1, 2004: 45–62
(BOFIT DP 6/2003)
Byung-Yeon Kim – Jukka Pirttilä
Money, barter and inflation in Russia
Journal of Comparative Economics, Vol. 32, No. 2, 2004: 297–314
(BOFIT DP 15/2001)
Eugene Nivorozhkin
The dynamics of capital structure in transition economies
Economics of Planning, Vol. 37, No. 1, 2004: 25–45
(BOFIT DP 2/2003)
Jukka Pirttilä
Is international labour mobility a threat to the welfare state; Evidence from Finland in the 1990s
Finnish Economic Papers, Vol. 17, No. 1, 2004: 18–34
Jukka Pirttilä – Matti Tuomala
Poverty alleviation and tax policy
European Economic Review, Vol. 48, No. 5, 2004: 1075–1090
Jouko Rautava
The role of oil prices and the real exchange rate in Russia's economy; a cointegration approach
Journal of Comparative Economics, Vol. 32, No. 2, 2004: 315–327
(BOFIT DP 3/2002)
Michele Bagella – Leonardo Becchetti – Iftekhar Hasan
The anticipated and concurring effects of the EMU: exchange rate volatility, institutions and growth
Journal of International Money and Finance, Vol. 23, Issues 7–8, 2004: 1053–1080
Allen Berger – Iftekhar Hasan – Leora Klapper
Further Evidence on the Link between Finance and Growth: An International Analysis of Community Banking and Economic Performance
Journal of Financial Services Research, Vol. 25, No. 2–3, 2004: 169–202
Iftekhar Hasan – James R. Lothian – Juha Tarkka
Overview of the special issue on banking, development and structural change
Journal of International Money and Finance, Vol. 23, Issue 3, 2004: 305–310
Iftekhar Hasan – Heiko Schmiedel
Networks and equity market integration: European evidence
International Review of Financial Analysis, Vol. 13, Issue 5, 2004: 601–619
Iftekhar Hasan – Larry D. Wall
Determinants of the Loan Loss Allowance: Some Cross-Country Comparisons
Financial Review, Vol. 39, No. 1, 2004: 129–152
Ari Hyytinen – Tuomas Takalo
Preventing systemic crises through bank transparency
Economic Notes, 33, 2004: 257–273
Karlo Kauko
The Links between Securities Settlement Systems: An Oligopoly Theoretic Approach
International Review of Financial Analysis, Vol. 13, Issue 5, 2004: 585–500
(BoF DP 27/2002)
David Mayes
Who Pays for Bank Insolvency?
Journal of International Money and Finance, Vol. 23 (3), 2004: 515–551
David Mayes – Matti Virén
Pressures on the Stability and Growth Pact from asymmetry in Policy
Journal of European Public Policy, Volume 11, Number 5, October 2004: 781–797
Nico Valckx
The Decomposition of US and Euro Area Stock and Bond Returns and Their Sensitivity to Economic State Variables
European Journal of Finance, Vol. 10, No. 2, 2004: 149–173
Matti Viren
Government Size and Output Volatility: Is There a Relationship
International Economics, Vol. 57, No. 3, 2004: 349–352
(BoF DP 8/2005)
Mika Pösö – Livio Stracca
What is the Role of the Monetary Base in Monetary Policy Today?
Kredit und Kapital, Vol. 37, No. 2, 2004: 169–201
Harry Leinonen
Network-Based Payments and E-Settlement
Journal of Financial Transformation, No. 12, December 2004: 125–30
Harry Leinonen – Kimmo Soramaki
Simulation: A Powerful Research Tool in Payment and Settlement Systems
Journal of Financial Transformation, No. 12, December 2004: 79–84
(BoF DP 23/2003)
Jukka Topi – Jouko Vilmunen
Transmission of monetary policy shocks in Finland: Evidence from bank-level data on loans
Monetary Policy Transmission in the Euro Area, I. Angeloni – A. Kashyap – B. Mojon (eds.), 2004: 372–380
Abdur Chowdhury
Information technology and productivity payoff in the banking industry; Evidence from the emerging markets
Journal of International Development, Vol. 15, 6, 2003: 693–708
Abdur Chowdhury
Banking reform in Russia; Winds of change
Journal of Policy Reform, Vol. 6, No. 2, 2003: 89–103
Abdur Chowdhury – Iikka Korhonen
Economic policies in transition
Economics of Planning, Vol. 36, No. 2, 2003: 77–79
Michael Ehrmann – Martin Ellison – Natacha Valla
Regime-dependent impulse response functions in a Markov-switching vector autoregression model
Economics Letters, Vol. 78, No. 3, 2003: 295–299
Iftekhar Hasan – Markku Malkamäki – Heiko Schmiedel
Technology, automation, and productivity of stock exchanges: International evidence
Journal of Banking and Finance, Vol. 27, No. 9, 2003: 1743–1773
(BoF DP 4/2002)
Esa Jokivuolle – Samu Peura
Incorporating collateral value uncertainty in loss given default estimates and loan-to value ratios
European Financial Management, Vol. 9, Issue 3, 2003: 299–314
Tuomas Komulainen – Johanna Lukkarila
What drives financial crises in emerging markets
Emerging Markets Review, Vol. 4, No. 3, 2003: 248–272
(BOFIT DP 5/2003)
Iikka Korhonen
Some empirical tests on the integration of economic activity between the euro area and the accession countries; A note
Economics of Transition, Vol. 11, No. 1, 2003: 177–196
Jarko Fidrmuc – Iikka Korhonen
Similarity of supply and demand shocks between the euro area and the CEECs
Economic Systems, Vol. 27, No. 3, 2003: 313–334
Tapio Korhonen
Finnish monetary and foreign exchange policy on the way towards the euro
Finance a úvér – Czech Journal of Economics and Finance, 53, 2003: 430–448
Erkki Koskela – Markku Ollikainen
A behavioral and welfare analysis of progressive forest taxation
Canadian Journal of Forest Research, 33 (12), 2003: 2352–2361
Erkki Koskela – Markku Ollikainen
Optimal forest taxation under private and social amenity valuation
Forest Science, 49 (4), 2003: 596–607
Markku Lanne
Testing the expectations hypothesis of the term structure of interest rates in the presence of a potential regime shift
Manchester School, 71, 2003: 54–77
Juhani Laurila
Transit transport between the European Union and Russia in light of Russian geopolitics and economics
Emerging Markets Finance & Trade, Vol. 39, No. 5, 2003: 27–57
David Mayes
Contracts and competition in the regulation of European stock exchanges
Journal of Financial Regulation and Compliance, Vol. 11 (2), 2003: 121–137
David Mayes
How to bring about a robust exit for an insolvent bank
Central Banking, Vol. 14 (1), 2003: 70–74
Alexander Muravyev
Gosudarstvennyje pakety aktsij v rossijskih kompanijah
Voprosy ekonomiki, Vol. 5, 2003: 101–120
Juha-Pekka Niinimäki
Maturity transformation without maturity mismatch and bank panics
Journal of Institutional and Theoretical Economics, Vol. 159, No. 3, 2003: 511–522
Pekka Sutela
Novyje vetri na Baltike
Sovremennaja Jevropa (Contemporary Europe), 1, 2003: 85–93
Ari Hyytinen – Iikka Kuosa – Tuomas Takalo
Law or finance: evidence from Finland
European Journal of Law and Economics, 16, 2003: 59–89
(BoF DP 8/2002)
Jan Winiecki
The role of the new, entrepreneurial private sector in transition and economic performance in light of the successes in Poland,
the Czech Republic, and Hungary
Problems of Economic Transition, Vol. 45, No. 11, 2003: 6–38
George Evans – Seppo Honkapohja
Friedman's Money Supply Rule vs. Optimal Interest Rate Policy
Scottish Journal of Political Economy, Vol. 50, No. 5, November 2003: 550–66
Ari Hyytinen – Tuomas Takalo
Enhancing bank transparency: A re-assessment
European Finance Review, Vol. 6, 3, 2002: 429–445
A. Anari – J. Kolari – S. Pynnönen – A. Suvanto
Further evidence on the credit view: the case of Finland
Applied Economics, 34, 2002: 267–278
Angela Huang – Dimitri Magaritis – David G. Mayes
Monetary Policy Rules in Practice: Evidence from New Zealand
Multinational Finance Journal, Vol. 5 (3), 2002: 175–200
Esa Jokivuolle
Financial Markets: Shock Absorbers or Shock Creators
The Finnish Journal of Business Economics (Liiketaloudellinen aikakauskirja), 2, 2002: 181–186
Klaus Kultti – Tuomas Takalo
Hold-ups and Asymmetric Information in a Technology Transfer: The Micronas Case
Journal of Technology Transfer, 27, 2002: 233–243
Tuomas Komulainen – Jukka Pirttilä
Fiscal explanations for inflation: Any evidence from transition economies
Economics of Planning, Vol. 35, No. 3, 2002: 239–316
David G. Mayes
Social exclusion and macro-economic policy in Europe: a problem of dynamic and spatial change
Journal of European Social Policy, Vol. 12 (3), 2002: 195–209
David G. Mayes – Matti Virén
Asymmetry and the Problem of Aggreation in the Euro Area
Empirica, 29, 2002: 47–73
David G. Mayes – Matti Virén
Financial Condition Indexes
Economia Internazionale, 4, 2002, 30 p.
Juha-Pekka Niinimäki
Do time deposits prevent bank runs?
Journal of International Financial Markets, Institutions and Money, Vol. 12, No. 1, 2002: 19–31
Jukka Pirttilä
Specific versus ad valorem Taxation and Externalities
Journal of Economics (Zeitschrift für Nationalökonomie), Vol. 76, No. 2, 2002: 177–187
Jukka Pirttilä – Matti Tuomala
Publicly provided private goods and redistribution: A general equilibrium analysis
Scandinavian Journal of Economics, Vol. 104, No. 1, 2002: 173–188
Oz Shy
A quick-and-easy method for estimating switching costs
International Journal of Industrial Organization, Vol. 20, No. 1, 2002: 71–87
Pekka Sutela
How to escape the trap of resource-based development; Contrasting experiences
Ekonomitsheski Zhurnal Vysshei Shkoly Ekonomiki (HSE Economic Journal), 3, 2002: 315–323
Antti Suvanto – David G. Mayes
Beyond the Fringe: Finland and the Choice of Currency
Journal of Public Policy, 22, 2002: 4364
Juha Tarkka
The Effects of EMU on the Finnish Economy: Some Early Conjectures
The Economic and Social Review, Vol. 33, No. 2, 2002: 161–177
Juha Tarkka
Pricing of transaction services; The distortionary effects of taxation
Research in banking and finance, Vol. 2, 2002: 107–121
Juha Tarkka – Oz Shy
The Market for Electronic Cash Cards
Journal of Money, Credit, Banking, Vol. 34, No. 2, 2002: 299–314
(BOF DP 21/1998)
Jukka Vauhkonen
An incomplete contracts approach to financial contracting: a comment
Economics Bulletin, Vol. 7, No. 1, 2002: 1–3
Iftekhar Hasan – Markku Malkamäki
Are Expansions Cost Effective for Stock Exchanges? A Global Perspective
Journal of Banking and Finance, Vol. 24, No. 12, December 2001: 2339–66
Jussi Snellman – Jukka Vesala – David Humphrey
Substitution of Noncash Payment Instruments for Cash in Europe
Journal of Financial Services Research, Vol. 19, No. 2/3, 2001: 131–145
Esa Jokivuolle – Samu Peura
Regulatory Capital Volatility
Risk, Vol. 14, No 5, 2001: 95–98
Jaakko Kiander – Matti Virén
Measuring Labour Market Flexibility on the OECD Countries
Empirica, 2, 2001: 187–201
Iikka Korhonen
Progress in economic transition in the Baltic States
Post-Soviet Geography and Economics, Vol. 42, No 6, 2001: 440–463
Juhani Laurila – Rupinder Singh
Sequential Reform Strategy; The case of Azerbaijan
Russian and East European Finance and Trade, Vol. 37, No 3, 2001: 25–76
Jukka Pirttilä
Fiscal Policy and Structural Reforms in Transition Economies
The Economics of Transition, Vol. 9, No 1, 2001: 29–52
Jukka Pirttilä – Matti Tuomala
On Optimal Non-Linear Taxation and Public Good Provision in an Overlapping Generations Economy
Journal of Public Economics, Vol. 79, 2001: 485–501
Antti Ripatti – Pentti Saikkonen
Vector Autoregressive Processes with Nonlinear Time Trends in Cointegrating Relations
Macroeconomic Dynamics, Vol. 5, Nro 4, 2001: 577–597
Pekka Sutela
Geld, Banken und Staat in Sozialismus und transformation. Vom Zusammenbruch der Sowjetunion zur Finanz-krise
in der Russischen Föderation
Economic Systems, Vol. 25, No 2, 2001: 170–171
Juha Tarkka
Pricing of Transaction Services: The Distortionary Effects of Taxation
Research in Banking and Finance, Vol. 2, 2001: 107–122
Nico Valckx
Modeling Asset Premiums and the Riskfree Rate in General Equilibrium CCAPM
Review of Quantitative Finance and Accounting, Vol. 17, 2001: 107–126
Matti Virén
The Okun Curve is Non-Linear
Economic Letters, Vol. 70, No. 2, 2001: 253–257
Matti Virén
Modelling crime and punishment
Applied Economics, Volume 33, Number 14, 15 November 2001: 1869–1879
Klaus Kultti – Juha-Pekka Niinimäki
About Equilibrium Wages
The Finnish Journal of Business Economics (Liiketaloudellinen aikakauskirja), Vol. 50, No. 1, 2001: 131–34
Juha Kilponen – David Mayes – Jouko Vilmunen
Labour Market Flexibility in the Euro Area
European Business Journal, Vol. 12, Issue 2, 2000: 100–110
Nigel Grimwade – David Mayes
Trends in EU-East Asian Trade and Their Implications for Europe’s ASEM Programme
Journal of Economic Integration, 15 (3), 2000: 355–396
Erkki Koskela – Rune Stenbacka
Is There a Tradeoff between Bank Competition and Financial Fragility?
Journal of Banking and Finance, 24, 12, 2000: 1853–1873
Erkki Koskela – Matti Virén
Is There a Laffer Curve between Aggregate Output and Public Sector Employment
Empirical Economics, 25, 2000: 605–621
Jukka Pirttilä
A Many -Person Corlett-Hague Tax Rule with Externalities
Oxford Economic Papers, 52, 2000: 595–605
Matti Virén
Analysing Long Memory and Asymmetries
European Journal of Finance, Vol. 6, No, 2, June 2000: 240–258
Matti Virén
Measuring Effectiveness of Fiscal Policy in OECD Countries
Applied Economics Letters, 7, 2000: 29–34
David Mayes – Matti Virén
The Exchange Rate and Monetary Conditions in the Euro Area
Weltwirtschaftliches Archiv, 136, 2, 2000: 199–231
Mika Kortelainen – Hanna-Leena Männistö – Mika Tujula – Alpo Willman
The BOF5 Macroeconomic Model of Finland, Structure and Dynamic Microfoundations
Economic Modelling, 17, 2000: 275–303
Iikka Korhonen
Currency Boards in the Baltic Countries: What Have We Learned?
Post-communist Economies, Vol. 12, No. 1, 2000: 25–46
Erkki Koskela – Matti Virén
Bank mergers and the fragility of loan markets
Finnish Economic Papers, 13 (1) 2000: 3–18
Iain Begg – David Mayes
Decentralised Industrial Policy
European Planning Studies, Vol. 8, No. 2, 2000: 149–156
David Mayes – Jukka Vesala
On the Problems of Home Country Control
Current Economics and Politics of Europe, Vol. 10 (1), 2000: 1–25
Seija Lainela
Baltic Accession to the European Union
Journal of Baltic Studies, Vol. XXXI, No. 2, 2000: 204–216
Antti Ripatti – Pentti Saikkonen
On the Estimation of Euler Equations in the Presence of a Potential Regime Shift
Supplement to the Manchester School, Vol. 68, 2000: 92–121
Matti Virén
Testing the “Natural Rate of Suicide” Hypothesis
International Journal of Social Economics, 26,1999: 1428–1440
Juhana Hukkinen – Matti Virén
Assessing the Forecasting Performance of a Macroeconomic Model
Journal of Policy Modelling, 21 (6),1999: 753–768
Matti Virén – Juhana Hukkinen
How to Evaluate the Forecasting Performance of a Macroeconomic Model?
Macromodels, 25,1999: 27–50
Pekka Sutela
The Economics and Politics of Integration – A Finnish Perspective
Journal of Comparative Economics, 27, 1999: 782–784
Laura Solanko – Merja Tekoniemi
Novgorod and Pskov
Russian and East European Finance and Trade, Vol. 35, No. 2, 1999: 42–58
Ritva Luukkonen – Antti Ripatti – Pentti Saikkonen
Testing for a Valid Normalization of Cointegrating Vectors in Vector Autoregressive Processes
Journal of Business & Economic Statistics, 7 (2), 1999: 195–205
Risto Herrala
Banking Crises vs. Depositor Crises: The Era of the Finnish Markka
Scandinavian Economic History Review, 2, 1999: 5–22
Pekka Ilmakunnas – Jukka Topi
Microeconomic and Macroeconomic Influences on Entry and Exit of Firms
Review of Industrial Organization, 15, 1999: 283–301
Tuomas Komulainen
Currency Crisis Theories – Some Explanations for the Russian Case
Ekonomitsheski Zhurnal Vysshei Shkoly Ekonomiki, Vol. 3, No. 1, 1999: 3–27
Hanna Pesonen – Iikka Korhonen
The Short and Variable Lags of Russian Monetary Policy
Russian and East European Finance and Trade, Vol. 35, No. 2, 1999: 59–72
Jukka Pirttilä
Earmarking of Environmental Taxes and Pareto-Efficient Taxation
Finanzarchiv, Vol. 56, No. 2, 1999: 202–217
Jukka Pirttilä – Ronnie Schöb
Redistribution and Internalization: The Many-Person Ramsey Tax
Public Finance Review, Vol. 27, No. 5, 1999: 541–560
David Mayes – W. A. Razzak
Transparency and Accountability: Empirical Models and Policy Making At the Reserve Bank of New Zealand
Economic Modelling, Vol. 15, No. 3, July 1998: 377–94
Antti Ripatti
Stability of the Demand for M1 and Harmonized M3 in Finland
Empirical Economics, Vol 23, No 3, 1998; 317–37
David Mayes
The New Zealand "experiment": Using economic theory to drive policy
Policy Options, Vol 18, No 7, 1997: 34–36
Matti Virén – Kari Takala
Chaos and nonlinear dynamics in financial time series: Evidence from Finland
European Journal of Operational Research, 93, 1996: 155–172
Ralf Pauli
Centralbankens roll i betalningssystemen nu och i framtiden. (The Central Bank's Role in Current and Future Payment Systems)
Ekonomiska Samfundets Tidskrift, Vol. 49, No. 1, 1996: 9–16
Kjell Peter Söderlund
EMU-bygget. (The EMU)
Ekonomiska Samfundets Tidskrift, Vol. 49, No. 3–4, 1996: 161–68
Esa Jokivuolle
Measuring True Stock Index Value in the Presence of Infrequent Trading
Journal of Financial and Quantitative Analysis, Vol. 30, No. 3, September 1995: 455–64
Pekka Ilmakunnas
Working time and labour demand in Finnish manufacturing: Short-run and long-run effects
Applied Economics, Vol. 27, 1995: 995–1002
Timo Tyrväinen
Wage Setting, Taxes and Demand for Labour: Multivariate Analysis of Cointegrating Relations
Empirical Economics, Vol. 20, No. 2, 1995: 271–97
Peter Nyberg
The Banking Crisis in Finland
Ekonomiska Samfundets Tidskrift, Vol. 48, No. 3, 1995: 115–20
Markku Malkamäki
The Superiority of Time-Varying Betas in the Finnish Stock Market
Journal of Multinational Financial Management, Vol. 4, No. 1–2, 1994: 47–65
Markus Fogelholm
The Finnish Markka under a Floating System
Economic and Financial Review, Vol. 1, No. 2–3, Summer–Autumn 1994: 109–21
Pekka Ilmakunnas
Returns to Workers and Hours in Finnish Manufacturing
Empirical Economics, Vol. 19, No. 4, 1994: 533–53
Martin Dufwenberg – Heikki Koskenkylä – Jan Södersten
Manufacturing Investment and Taxation in the Nordic Countries
Scandinavian Journal of Economics, Vol. 96, No. 3, 1994: 443–61
Seija Lainela
Private Sector Development and Liberalisation in the Baltic Countries
Communist Economies and Economic Transformation, Vol 6, No 2, 1994: 175–86
Pekka Sutela
Production, Employment and Inflation in the Baltic Countries
Communist Economies and Economic Transformation, Vol. 6, No. 2, 1994: 157–73
Risto Murto
Finnish Banking Crisis: Can We Blame Bank Management?
Finnish Economic Papers, Vol. 7, No. 1, Spring 1994: 56–68
Sirkka Hämäläinen
Penningpolitikens mojligheter och begransningar. (Monetary Policy – Possibilities and Restrictions)
Ekonomiska Samfundets Tidskrift, Vol. 47, No. 1, 1994: 25–34
Sinikka Salo
Modelling the Finnish Housing Market
Economic Modelling, Vol. 11, No. 2, April 1994: 250–65
Pekka Ilmakunnas
Energy crises and change of technology
Journal of Applied Econometrics, Vol. 9, 1994: 305–320
Juha Seppälä
The diversification of currency loans: A comparison between safety-first and mean-variance criteria
European Journal of Operational Research, 74, 1994: 325–343
Pekka Sutela
Should Finland join the European Union?
Scandinavian Review, 1, 1994:14–18
Pekka Sutela
Insider privatisation in Russia: Speculations on systemic change
Europe-Asia Studies, Vol. 46, No. 3, 1994: 417–435
Seija Lainela
Currency Reforms in the Baltic States
Communist Economies and Economic Transformation, Vol. 5, No. 4, 1993: 427–43
Sinikka Salo
Strategier i bostadsforetagen. (Strategies in Housing Construction.)
Ekonomiska Samfundets Tidskrift, Vol. 46, No. 1, 1993: 37–41
Pekka Sutela
Clearing, money, and investment, the Finnish perspective on trading with the USSR
Russian and East European Finance and Trade, No. 4, Winter 1992–1993: 3–29
Matti Virén – Erkki Koskela
An economic model of auto thefts in Finland
International Review of Law and Economics, Volume 13, Issue 2, June 1993: 179–191
Sigbjørn Atle Berg – Finn R. Førsund – Lennart Hjalmarsson – Matti Suominen
Banking efficiency in the Nordic countries
Journal of Banking & Finance, Vol. 17, Issues 2–3, April 1993: 371–388
Heikki Koskenkyla
Bankkrisen i de nordiska landerna. (The Bank Crisis in the Nordic Countries)
Ekonomiska Samfundets Tidskrift, Vol. 45, No. 4, 1992: 183–99
Arto Kovanen
The heterogeneity of labor, wage indexation and welfare
European Economic Review, Vol. 36, Issue 1, January 1992: 37–49
Arto Kovanen
Incomplete information, stabilization, and the relationship between inflation and unemployment
Journal of Macroeconomics, Vol. 14, Issue 2, Spring 1992: 305–319
Timo Tyrväinen
Unions, wages and unemployment: Evidence from Finland
Applied Economics, 24, 1992: 1275–1286
Matti Virén
Financial innovations and currency demand: Some new evidence
Empirical Economics, Vol. 17, Issue 4, 1992: 451–61
Matti Virén – Erkki Koskela
Monetary policy reaction functions and saving investment correlations: Some cross-country evidence
Weltwirtschaftliches Archiv, 1991: 452–471
Matti Virén – Erkki Koskela
Inflation, capital markets and household saving in Nordic countries
Scandinavian Journal of Economics, Vol. 94, No. 2, 1992: 215–227
Matti Virén – Erkki Koskela – Heikki A. Loikkanen
Housing markets, taxation and financial liberalization: Evidence from Finland
European Economic Review, 36, 2/3, April 1992: 549–558
Matti Virén – Erkki Koskela
Capital market imperfections, taxes and household saving
European Journal of Political Economy, Vol. 8, Issue 1, February 1992: 77–88
Markku J. Malkamäki – Teppo Martikainen – Jukka Perttunen
On the riskiness of the world's stock markets
European Journal of Operational Research, Vol. 53, Issue 3, 15 August 1991: 288–296
Matti Virén
Recent Finnish Developments in Financial Wealth and Money and Credit Aggregates
The Finnish Journal of Business Economics (Liiketaloudellinen aikakauskirja), Vol. 39, No. 2, 1990: 100–108