One of the Bank of Finland's key functions is to promote the reliability, efficiency and stability of financial and payment systems. The research programme on the future of the financial services sector addresses these issues.
Areas of interest include themes that examine the stability of the banking system relative to macroeconomic trends. Also studied is the impact technological development and innovations have on the functioning of the financial markets and payment systems.
Research in this programme is supervised by Esa Jokivuolle and Tuomas Takalo.
Examples of completed research projects
Yehning Chen – Iftekhar Hasan
The transparency of the banking system and the efficiency of information-based bank runs
Journal of Financial Intermediation, 2006
Klaus Kultti – Tuomas Takalo – Juuso Toikka
Simultaneous Model of Innovation, Secrecy, and Patent Policy
American Economic Review, 2006
Heiko Schmiedel – Markku Malkamäki – Juha Tarkka
Economies of scale and technological development in securities depository and settlement systems
Journal of Banking and Finance, 2006
Alistair Milne
What is in it for us? Network effects and bank payment innovation
Journal of Banking and Finance, 2006
Marco Sorge – Kimmo Virolainen
A comparative analysis of macro stress-testing methodologies with application to Finland
Journal of Financial Stability, 2006