Head of BOFIT Iikka Korhonen, Institute for Economies in Transition BOFIT

Address
Snellmaninaukio
00170 HELSINKI
FINLAND

Postal address
Bank of Finland
PO Box 160
FI-00101 HELSINKI
FINLAND

Telephone
010 831 2272 (national)
+358 10 831 2272 (international)

Fax
010 831 2294 (national)
+358 10 831 2294 (international)

Email
Firstname.Lastname@bof.fi

Career

Mr. Iikka Korhonen received his doctoral degree from Helsinki School of Economics and Business Administration, majoring in economics.

In July 1995, he joined the Institute for Economies in Transition, where he has followed, among other things, banking and financial systems of the Baltic states and Russia. His past duties include working as BOFIT’s research supervisor, and since October 1, 2009, he has been the Head of BOFIT. His research interests include exchange rates and inflation in transition as well as emerging market countries. In addition, he has published widely e.g. on the correlation of economic activity between different countries, as well as on the effects of oil prices on economic activities.

Bank of Finland Institute for Economies in Transition (BOFIT)

Expertise

Exchange rate policies in transition economies
Monetary policy in transition economies
Russian economy and economic policy
Editor-in-Chief of BOFIT Online

Selected publications

2012
	Rajeev K. Goel and Iikka Korhonen: Economic growth in BRIC countries and comparisons with rest of the world Camera di Commercio di Genova in its journal Economia Internazionale/International Economics. Vol: 65 (2012), Issue: 3, pp: 447-471
2011
	Iikka Korhonen and Maria Ritola: Renminbi misaligned - Results from meta-regressions Yin-Wong Cheung et al, (eds.): Asia And China In The Global Economy: pp. 97-121. ISBN: 978-981-4335-26-3 Rajeev K. Goel and Iikka Korhonen: Composition of exports and cross-country corruption Economic Systems 35 (2011) 109–124. ISSN 0939-3625. as Exports and Cross-National Corruption: A Disaggregated Examination Economic Systems Iikka Korhonen and Laura Solanko (eds.): From Soviet Plans to Russian Reality WSOYpro 2011. ISBN: 978-951-0-37951-6
2010
	Iikka Korhonen and Aaron Mehrotra: Money demand in post-crisis Russia: De-dollarisation and re-monetisation. Emerging Markets Finance and Trade 46. (2), 5-19. ISSN 1540-496X.
2009
	Iikka Korhonen and Tuuli Juurikkala: Equilibrium exchange rates in oil-dependent countries Journal of Economics and Finance, Volume 33, 1/2009, pp. 71-79, ISSN 1055-0925 (Print) 1938-9744 (Online)
2006
	Iikka Korhonen and Paul Wachtel: A note on exchange rate pass-through in CIS countries Research in International Business and Finance Vol. 20, No. 2 (2006) pp. 215-226, ISSN 0275-5319. Jarko Fidrmuc and 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), pp. 518-537 Paul Wachtel and Iikka Korhonen: Observations on disinflation in transition economies Monetary Policy in Low Inflation Economies, ed. by David E. Altig and Ed Nosal, Cambridge University Press, forthcoming in 2006
2005
	Byung-Yeon Kim and Iikka Korhonen: Equilibrium Exchange Rates in Transition Countries: Evidence from Dynamic Heterogeneous Panel Models Economic Systems vol 29, no 2 (2005), pp. 144-162, ISSN 0939-3625
2004
	Jarko Fidrmuc and Iikka Korhonen: The Euro goes East: Implications of the 2000-2002 economic slowdown for synchronisation of business cycles between the euro area and CEEs Comparative Economic Studies vol. 46 no 1 (2004) pp. 45-62, ISSN 0888-7233.
2003
	Jarko Fidrmuc and Iikka Korhonen: Similarity of supply and demand shocks between the Euro area and the CEECs Economic Systems vol 27, no 3 (2003), pp. 313-334, ISSN 0939-3625. Iikka Korhonen: Some empirical tests on the integration of economic activity between the Euro area and the accession countries Economics of Transition vol 11, no 1 (2003) pp. 177-196, ISSN 0967-0750.
2000
	Iikka Korhonen: Currency Boards in the Baltic Countries: What Have We Learned? Post-Communist Economies vol 12, no 1 (2000), pp. 25-46, ISSN 1463-1377 Tuomas Komulainen and Iikka Korhonen (eds): Russian crisis and its effects Kikimora Publications 2000. ISBN 951-45-9100-3

Other publications

2012
	Martin Feldkircher and Iikka Korhonen: The rise of China and its implications for emerging markets - Evidence from a GVAR model Bank of Finland, BOFIT Discussion Papers 20/2012 Iikka Korhonen: Russian regions are different Bank of Finland, Research Newsletter Online 2/2012 Iikka Korhonen: How Large can the Chinese Banking Sector be? China Research Blog June 5,2012, Linnaeus University Iikka Korhonen, Vesa Korhonen, Seija Lainela, Heli Simola ja Laura Solanko: Venäjän talouden uusi aika. BOFIT Venäjä-tietoisku 2012 Suomen Pankki, BOFIT Online 4/2012 Iikka Korhonen: Internationalisation of the renminbi and China's monetary policy Bank of Finland Research Newsletter Online 1/2012 Risto Herrala, Juuso Kaaresvirta, Iikka Korhonen ja Jouko Rautava: Kiinan kasvava mahti maailmantaloudessa. BOFIT Kiina-tietoisku 2011 Suomen Pankki, BOFIT Online 1/2012
2011
	Zuzana Fungáčová and Iikka Korhonen: Like China, the Chinese banking sector is in a class of its own Bank of Finland, BOFIT Discussion Papers 32/2011 Veronika Belousova, Rajeev K. Goel and Iikka Korhonen: Causes of Corruption in Russia: A Disaggregated Analysis Bank of Finland, BOFIT Discussion Papers 31/2011 Vesa Korhonen, Mia Hurtta, Maija Sirkjärvi, Ilkka Salonen ja Iikka Korhonen: Venäjän integraatio maailmantalouteen. BOFIT Venäjä-tietoisku 2011 Suomen Pankki, BOFIT Online 4/2011
2010
	Juuso Kaaresvirta, Iikka Korhonen, Mikael Mattlin ja Matti Nojonen, Aaron Mehrotra ja Jouko Rautava: Kiina hakee paikkaansa maailmantaloudessa – BOFIT tietoisku 2010 Suomen Pankki, BOFIT Online 4/2010 Iikka Korhonen: Ukraine’s new IMF programme buys time for reforms Bank of Finland, Focus/Opinion - Expert view 8/2010 Allen N. Berger, Iftekhar Hasan, Iikka Korhonen, Mingming Zhou: Does diversification increase or decrease bank risk and performance? Evidence on diversification and the risk-return tradeoff in banking Bank of Finland, BOFIT Discussion Papers 9/2010 Iikka Korhonen, Laura Solanko, Vesa Korhonen, Maija Sirkjärvi ja Pekka Sutela: Venäjä kriisin jälkeen Suomen Pankki, BOFIT Online 3/2010 Iikka Korhonen: Valtion omistamien pankkien ylivalta Kiinassa säilyy Suomen Pankki, BOFIT Online 1/2010 Iikka Korhonen: Don’t overvalue the Chinese currency Bank of Finland, Focus/Opinion – Expert view 4/2010
2009
	Juuso Kaaresvirta, Iikka Korhonen, Mikael Mattlin, Aaron Mehrotra, Jenni Pääkkönen ja Jouko Rautava: Katsaus Kiinan talouteen – BOFIT tietoisku 2009 Suomen Pankki, BOFIT Online 9/2009 Jarko Fidrmuc and Iikka Korhonen: The impact of the global financial crisis on business cycles in Asian emerging economies Bank of Finland, BOFIT Discussion Paper 11/2009 Iikka Korhonen, Jouko Rautava, Heli Simola, Laura Solanko ja Pekka Sutela: Venäjä kriisin kourissa Suomen Pankki, BOFIT Online 4/2009 Iikka Korhonen: Ukrainian economy stabilised, but growth still weak Bank of Finland, Focus/Opinion – Expert view 5/2009 BOFIT Venäjä-ryhmä: Venäjä ja kansainvälinen rahoituskriisi Suomen Pankki, BOFIT Online 2/2009 Iikka Korhonen: Devaluation of the Kazakhstani tenge does not solve economy’s structural problems Bank of Finland, Focus/Opinion – Expert view 2/2009
2008
	Iikka Korhonen: Ukraine seeks to stabilise its economy with support from the IMF Bank of Finland, Focus/Opinion – Expert view 8/2008 Iikka Korhonen, Seija Lainela, Heli Simola, Laura Solanko and Pekka Sutela: The challenges of the Medvedev era Bank of Finland, BOFIT Online 6/2008 K.C. Fung, Iikka Korhonen, Ke Li and Francis Ng: China and Central and Eastern European Countries: Regional networks, global supply chain or international competitors? Suomen Pankki, BOFIT Discussion Paper 9/2008 Jarko Fidrmuc, Iikka Korhonen and Ivana Bátorová: China in the world economy: Dynamic correlation analysis of business cycles Suomen Pankki, BOFIT Discussion Paper 7/2008 Iikka Korhonen, Seija Lainela, Heli Simola, Laura Solanko ja Pekka Sutela: Medvedevin kauden haasteet Suomen Pankki, BOFIT Online 5/2008 Iikka Korhonen ja Laura Solanko: Kazakstanin ulkomaiselle lainanotolle rakentunut kasvu hiipuu Suomen Pankki, BOFIT Online 4/2008
2007
	Iikka Korhonen and Aaron Mehrotra: Will the inflation target be met in Russia? Bank of Finland, Focus/Opinion – Expert view 5/2007 Iikka Korhonen and Aaron Mehrotra: Money demand in post-crisis Russia: De-dollarisation and re-monetisation. Warsaw School of Economics Working Paper No. 10., 2007 Iikka Korhonen and Tuuli Juurikkala: Equilibrium exchange rates in oil-dependent countries BOFIT Discussion Papers 8/2007
2005
	Iikka Korhonen and Paul Wachtel: A note on exchange rate pass-through in CIS countries. BOFIT Discussion Papers 2/2005
2004
	Jarko Fidrmuc and Iikka Korhonen: A meta-analysis of business cycle correlation between the euro area and CEECs: What do we know – and who cares? BOFIT Discussion Papers 20/2004 Iikka Korhonen: Does democracy cure a resource curse? BOFIT Discussion Papers 18/2004 Paul Wachtel and Iikka Korhonen: Observations on disinflation in transition economies. BOFIT Discussion Papers 5/2004
2003
	Jarko Fidrmuc and Iikka Korhonen: The Euro goes East: Implications of the 2000-2002 economic slowdown for synchronisation of business cycles between the euro area and CEEs. BOFIT Discussion Papers 6/2003
2002
	Byung-Yeon Kim and Iikka Korhonen: Equilibrium Exchange Rates in Transition Countries: Evidence from Dynamic Heterogeneous Panel Models. BOFIT Discussion Papers 15/2002 Iikka Korhonen: Selected Aspects of Monetary Integration. BOFIT Online 10/2002
2001
	Jarko Fidrmuc and Iikka Korhonen: Similarity of supply and demand shocks between the Euro area and the CEECs. BOFIT Discussion Papers 14/2001 Iikka Korhonen: Some empirical tests on the integration of economic activity between the Euro area and the accession countries. BOFIT Discussion Papers 9/2001 János Gács, Iikka Korhonen and Mare Randveer: The Impact of EMU’s Third Stage on Estonian Economic Development, 1999-2000. BOFIT Online 6/2001 Iikka Korhonen: EU-kandidaatit ja rahaliitto. BOFIT Online 4/2001 Tuuli Koivu ja Iikka Korhonen: Talouskasvu ripeää Baltiassa vuonna 2000. BOFIT Online 2/2001
2000
	Elmar Koch and Iikka Korhonen: The Aftermath of the Russian Debt Crisis. BOFIT Online 7/2000 Iikka Korhonen, Toivo Kuus and Villu Zirnask: Baltic Securities Markets. BOFIT Online 5/2000 Iikka Korhonen and Mare Randveer: Assessment of the euro’s implications for economic development in the Central and Eastern Europe. BOFIT Online 1/2000
1999
	Iikka Korhonen: Some implications of EU membership on Baltic monetary and exchange rate policies. BOFIT Online 8/1999 Iikka Korhonen: Currency Boards in the Baltic Countries: What Have We Learned? BOFIT Discussion Papers 6/1999 Iikka Korhonen - Seija Lainela: Baltian maat vuonna 1998 Idäntalouksien katsauksia - Review of Economies in Transition 1/1999 Iikka Korhonen: Keski- ja Itä-Euroopan talouskehitys vuonna 1998 Idäntalouksien katsauksia - Review of Economies in Transition 1/1999
1998
	Iikka Korhonen: Preliminary Tests on Price Formation and Weak-Form Efficiency in Baltic Stock Exchanges Idäntalouksien katsauksia - Review of Economies in Transition 5/1998 Iikka Korhonen: A Vector Error Correction Model for Prices, Money, Output, and the Interest Rate in Russia Idäntalouksien katsauksia - Review of Economies in Transition 5/1998 Hanna Pesonen - Iikka Korhonen: The Short and Variable Lags of Russian Monetary Policy Idäntalouksien katsauksia - Review of Economies in Transition 4/1998 Iikka Korhonen: Keski- ja Itä-Euroopan talouskehitys 1997 Idäntalouksien katsauksia - Review of Economies in Transition 3/1998 Iikka Korhonen: The Sustainability of Russian Fiscal Policy Idäntalouksien katsauksia - Review of Economies in Transition 1/1998
1997
	Iikka Korhonen – Niina Pautola: Baltian talouskatsaus 1996 Idäntalouksien katsauksia - Review of Economies in Transition 5/1997 Iikka Korhonen: A Few Observations on the Monetary and Exchange Rate Policies of Transition Economies Idäntalouksien katsauksia - Review of Economies in Transition 3/1997 Iikka Korhonen: A Brief Assessment of Russia's Treasury Bill Market Idäntalouksien katsauksia - Review of Economies in Transition 3/1997
1996
	Iikka Korhonen: Dollarization in Lithuania Idäntalouksien katsauksia - Review of Economies in Transition 5/1996 Iikka Korhonen: An Error Correction Model for Russian Inflation Idäntalouksien katsauksia - Review of Economies in Transition 4/1996 Iikka Korhonen: Banking Sectors in Baltic Countries Idäntalouksien katsauksia - Review of Economies in Transition 3/1996 Iikka Korhonen: Baltian vuosikatsaus Idäntalouksien katsauksia - Review of Economies in Transition 2/1996
1995
	Iikka Korhonen: Equity Markets in Russia Idäntalouksien katsauksia - Review of Economies in Transition 9/1995