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Research

The research function at the Bank of Finland builds on expertise to support the Bank’s active membership of the Eurosystem. High academic quality and visibility of the Bank's research function enhance its influence within the Eurosystem.

Research seeks to meet high academic standards and to be of practical policy relevance. In addition to publications in refereed international academic journals, active participation in scientific meetings and close cooperation with the academic research community are integral parts of the research objectives and means to screen the quality of the Bank’s research.

Topical issues

TAB WEBPART

Research Newsletter 1/2012

Research Newsletter 1/2012 has been published on 27 April 2012. Contents:

Public sector sustainability and large stabilization measures: the need to stay well below the fiscal limit
Financial accelerator through quantity rationing
Internationalisation of the renminbi and China's monetary policy
Scientific conferences and seminars
Research publications

Research Newsletter 1/2012 (PDF, 11 pages)

Recent research

Bank of Finland Research Discussion Papers

• Ari Hyytinen – Hanna Putkuri: Household optimism and borrowing

• Ari Hyytinen – Jukka Lahtonen – Mika Pajarinen: Entrepreneurial optimism and survival

• Iftekhar Hasan – Tania De Renzis – Heiko Schmiedel: Retail payments and economic growth

• Manthos D. Delis – Iftekhar Hasan – Pantelis Kazakis: Bank regulations and income inequality: Empirical evidence

• Bill Francis – Iftekhar Hasan – Kose John – Maya Waisman: Urban agglomeration and CEO compensation

• Bill Francis – Iftekhar Hasan – Liang Song – Bernard Yeung: What determines bank stock price synchronicity? Global evidence

• Isabelle Distinguin – Iftekhar Hasan – Armine Tarazi: Predicting rating changes for banks: How accurate are accounting and stock market indicators?

• Bill Francis – Iftekhar Hasan – Qiang Wu: Corporate boards and bank loan contracting

• Chung-Hua Shen – Yu-Li Huang – Iftekhar Hasan: Asymmetric benchmarking in bank credit rating

• Bill Francis – Iftekhar Hasan – Liang Song: Are firm- and country-specific governance substitutes? Evidence from financial contracts in emerging markets

• Bill Francis – Iftekhar Hasan – Qiang Wu: Do corporate boards affect firm performance? New evidence from the financial crisis

Events

Forthcoming Research Seminar

Thursday 7 June 2012 at 13.30–15.00
Prof. Guido Ascari, University of Pavia:
Does inflation walk on unstable paths? Rational sunspots and drifting parameters

Forthcoming conference

Bank of Finland, CEPR and Philadelphia Fed jointly organize a two-day conference on
Search Frictions and Aggregate Dynamics, 18–19 October 2012, in Helsinki. Submission deadline 31 May 2012. Important notice: Due to unforeseen circumstances we have had to change the date for the conference.

Recent conferences

• Bank of Finland Workshop on Frequency Domain Research in Macroeconomics and Finance, 20–21 October 2011, Helsinki. Papers and presentations updated on 24 October 2011.

• Bank of Finland/CEPR/SUERF conference in co-operation with the Journal of Financial Intermediation: The Future of Risk Management, 22–23 September 2011, House of the Estates, Helsinki.
Papers and presentations updated on 23 September 2011.

• Bank of Finland 200th Anniversary Conference "Monetary Policy Under Resource Mobility", 5–6 May 2011, Scandic Marina Congress Center, Helsinki
Papers and presentations updated on 6–9 May 2011. Conference summary updated 31 May 2011.