2018

Silvo, Aino: The interaction of monetary and macroprudential policies, Journal of Money, Credit and Banking, Online, 2018
BoF DP 1/2016 Doi
Kauko, Karlo: Did taxes, decrees or credibility drive money? Early 19th century Finland from a chartalist perspective, Scandinavian Economic History Review, 2017: 66, 1 (2 January ), 2018: 73-90
Doi
Gyllenberg, Frida; Juselius, Mikael; Gissler, Mika; Heikinheimo, Oskari: Long-Acting Reversible Contraception Free of Charge, Method Initiation, and Abortion Rates in Finland, American Journal of Public Health, 108, 4 (April 1)  2018: 538-543
Doi
Tölö, Eero; Laakkonen, Helinä; Kalatie, Simo: Evaluating indicators for use in setting the countercyclical capital buffer, International Journal of Central Banking,   14, 2, (March) 2018: 51-112
BoF DP 8/2015  Link
Hasan, Iftekhar; Khurshed, Arif; Mohamed, Abdulkadir; Wang, Fan: Do venture capital firms benefit from a presence on boards of directors of mature public companies?, Journal of Corporate Finance, 49, April 2018: 125-140
Doi
Lin, Chih-Yung ; Tsai, Wei-Che; Hasan, Iftekhar; Tuan, Le Quoc: Private benefits of control and bank loan contracts, Journal of Corporate Finance, 49, April 2018: 324-343
Doi
Hasan, Iftekhar; Meslier, Céline; Tarazi, Amine; Zhou, Mingming: Does it pay to get connected? An examination of bank alliance network and bond spread, Journal of Economics and Business, 95, January–February 2018: 141-163
Doi
Duru, Augustine; Hasan, Iftekhar; Song, Liang; Zhao, Yijiang: Bank accounting regulations, enforcement mechanisms, and financial statement informativeness: cross-country evidence, Accounting and Business Research
Doi
Granziera, Eleonora; Moon, Hyungsik Roger; Schorfheide, Frank: Inference for VARs Identified with Sign Restrictions, Quantitative Economics, Forthcoming
Virtanen, Timo; Tölö, Eero; Virén, Matti; Taipalus, Katja: Can bubble theory foresee banking crises?, Journal of Financial Stability, 36 (June) 2018: 66-81
Doi
Mäkelä, Erik; Virén, Matti: Immigration effects on municipalities' expenditures, Review of Economics, Forthcoming
Hyytinen, Ari; Putkuri, Hanna: Household Optimism and Overborrowing, Journal of Money, Credit and Banking, 50 (1),  February 2018: 55-76
BoF DP 21/2012 Doi
Paloviita, Maritta; Ikonen, Pasi: Real-time uncertainty in budget planning: Evidence from euro area countries, Journal of Economic Policy Reform
Doi
Łyziak, Tomasz; Paloviita, Maritta: On the formation of inflation expectations in turbulent times: the case of the euro area, Economic Modelling
BoF DP 13/2017 Doi 
Ristolainen, Kim: Predicting Banking Crises with Artificial Neural Networks: The Role of Nonlinearity and Heterogeneity,
Scandinavian Journal of Economics, 120 (1) January 2018: 31–62
Doi
Gonçalo, Faria: Forecasting stock market returns by summing the frequency-decomposed parts,
Journal of Empirical Finance, 45, January 2018: 228–242
BoF DP 29/2016 Doi
Fang, Yiwei; Francis, Bill; Hasan, Iftekhar:
Differences make a difference: Diversity in social learning and value creation,
Journal of Corporate Finance, 48, February 2018: 474-491
Doi  

2017

Oinonen Sami; Paloviita Maritta:
How Informative are Aggregated Inflation Expectations? Evidence from the ECB Survey of Professional Forecasters,
Journal of Business Cycle Research, 13, 2017: 139 - 163
BoF DP 15/2016 Doi
Mazboudi, Mohamad; Hasan, Iftekhar:
Secrecy, information shocks, and corporate investment : Evidence from European Union countries,
Journal of International Financial Markets, Institutions and Money: Online First
BoF DP 19/2017 Doi
Francis, Bill; Hasan, Iftekhar; Liu, Liuling; Wang, Haizhi:
Employee Treatment and Contracting with Bank Lenders: An Instrumental Approach for Stakeholder Management,
Journal of Business Ethics, 2017: Online First
Doi
Granziera, Eleonora; Bauer, Gregory H.:
Monetary Policy, Private Debt and Financial Stability Risks,
International Journal of Central Banking, 13, 2017: 337-373
Link
Juselius,Mikael; Borio, Claudio; Disyatat, Piti; Drehmann, Mathias:
Monetary Policy, the Financial Cycle, and Ultra-Low Interest Rates,
International Journal of Central Banking, 13, 2017: 55-89
BoF 24/2016  Link
Caggiano, Giovanni; Castelnuovo, Efrem; Pellegrino, Giovanni:
Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound,
European Economic Review, 100, November 2017: 257-272 
BoF DP 6/2017 Doi
Doumpos, Michael; Hasan, Iftekhar; Pasiouras, Fotios:
Bank overall financial strength: Islamic versus conventional banks,
Economic Modelling, 64, 2017: 513-523
Doi
Deli, Yota D.; Hasan, Iftekhar:
Real effects of bank capital regulations: Global evidence, Journal of Banking and Finance, 82, 2017: 217-228
BoF DP 23/2017 Doi
Soedarmono, Wahyoe; Hasan, Iftekhar; Arsyad, Nuruzzaman:
Non-linearity in the finance-growth nexus: Evidence from Indonesia,
International Economics, 150, 2017: 19-35
Doi
Hasan, Iftekhar; Liu, Liuling; Wang, Haizhi; Zhen, Xinting:
Bank Market Power and Loan Contracts: Empirical Evidence,
Economic Notes, 46, 2017: 649-676
Doi
Mitra, Kaushik; Evans, George W.; Honkapohja, Seppo:
Fiscal Policy Multipliers in an RBC Model with Learning, Macroeconomic Dynamics, 2017: Online First
BoF DP 5/2012 Doi
Francis, Bill B.; Hasan, Iftekhar; Hunter, Delroy M.; Zhu, Yun:
Do managerial risk-taking incentives influence firms' exchange rate exposure?,
Journal of Corporate Finance, 46, 2017: 154-169
BoF DP 16/2017 Doi
Tölö, Eero; Jokivuolle, Esa; Virén, Matti:
Do Banks' Overnight Borrowing Rates Lead Their CDS Price? Evidence from the Eurosystem,
Journal of Financial Intermediation, 31, 2017: 93-106
Doi
Verona, Fabio; Martins, Manuel M.F.; Drumond, Inês: Financial shocks, financial stability, and optimal Taylor rules,
Journal of Macroeconomics,  54, Part B, December 2017:  1339-1351
BoF 21/2014 Doi
Hasan, Iftekhar; Hoi, Chunkeung; Wu, Qiang; Zhang, Hao:
Does Social Capital Matter in Corporate Decisions? Evidence from Corporate Tax Avoidance,
Journal of Accounting Research, 55, 2017: 629-668
BoF DP 21/2017 Doi
Hasan, Iftekhar; Hoi, Chun Keung; Wu, Qiang; Zhang, Hao:
Social Capital and Debt Contracting: Evidence from Bank Loans and Public Bonds,
Journal of Financial and Quantitative Analysis, 52, 2017: 1017-1047
BoF DP 21/2015 Doi
Isoré, Marlène; Szczerbowicz, Urszula:
Disaster risk and preference shifts in a New Keynesian model,
Journal of Economic Dynamics and Control, 79, 2017: 97-125
Doi
Hasan, Iftekhar; Jackowicz, Krzysztof; Kowalewski, Oskar; Kozłowski, Łukasz:
Do local banking market structures matter for SME financing and performance? New evidence from an emerging economy,
Journal of Banking and Finance, 79, 2017: 142-158
BoF DP 22/2014 Doi
Delis, Manthos D. ; Hasan, Iftekhar; Iosifidi, Maria:
On the Effect of Business and Economic University Education on Political Ideology: An Empirical Note,
Journal of Business Ethics, 2017: Online First
BoF DP 22/2017 Doi
Ghani, Ejaz; Goswami, Arti Grover; Kerr, William:
Highways and Spatial Location within Cities: Evidence from India,
World Bank Economic Review, 30, 2017: S97-S108
Doi
Delis, Manthos D. ; Hasan, Iftekhar; Mylonidis, Nikolaos:
The Risk-Taking Channel of Monetary Policy in the U.S.: Evidence from Corporate Loan Data,
Journal of Money, Credit and Banking, 49, 2017: 187-213
BoF DP 18/2017 Doi
Hasan, Iftekhar; Hoi, Chun-Keung (Stan); Wu, Qiang; Zhang, Hao:
Does Social Capital Matter in Corporate Decisions? Evidence from Corporate Tax Avoidance,
Journal of Accounting Research, 55, 2017: 629-668
BoF DP 21/2017 Doi
Yin, Desheng; Hasan, Iftekhar; Kobeissi, Nada; Wang, Haizhi:
Enforceability of noncompetition agreements and firm innovation: does state regulation matter?,
Innovation: Organization & Management, 19, 2017: 270-286
Doi
Chang, Roberto; Fernandez, Andres; Gulan, Adam:
Bond finance, bank credit, and aggregate fluctuations in an open economy,
Journal of Monetary Economics, 85, 2017: 90-109
BoF DP 22/2016 Doi
Delis, Manthos D.; Gaganis, Chrysovalantis ; Hasan, Iftekhar ; Pasiouras, Fotios:
The effect of board directors from countries with different genetic diversity levels on corporate performance,
Management Science, 63, 2017: 231-249
BoF DP 14/2015 Doi
Virén, Matti; Hukkinen, Juhana:
How toxic is public debt?
International Journal of Public Policy, 13, 2017: 53-68
Doi
Hasan, Iftekhar; Kobeissi, Nada; Wang, Haizhi; Zhou, Mingming:
Bank financing, institutions and regional entrepreneurial activities: Evidence from China,
International Review of Economics & Finance, 2017: Online First
Doi
Łyziak, Tomasz; Paloviita Maritta:
Anchoring of inflation expectations in the euro area: recent evidence based on survey data,
European Journal of Political Economy, 46, 2017: 52-73.
European Central Bank Working Paper 1945/2016 Doi
Kauko, Karlo:
A short note on the net stable funding ratio requirement with endogenous money,
Economic Notes, 46, 2017: 105-115
Doi
Paloviita, Maritta:
Real time uncertainty in fiscal planning and debt accumulation in the euro area,
International Economics and Economic Policy, 14, 2017: 43-59
BoF DP 35/2012  Doi

2016

Francis Bill B.; Hasan, Iftekhar; John, Kose; Waisman, Maya:
Urban Agglomeration and CEO Compensation,
Journal of Financial and Quantitative Analysis, 51, 2016: 1925-1953
Doi
Abedifar, Pejman; Hasan, Iftekhar; Tarazi, Amine:
Finance-growth nexus and dual-banking systems: Relative importance of Islamic banks,
Journal of Economic Behavior and Organization, 132, 2016: 198-215
Doi
Francis, Bill B.; Hasan, Iftekhar; Kostova, Gergana L.:
When do peers matter?: A cross-country perspective,
Journal of International Money and Finance, Volume 69, 2016: 364-389
BoF DP 8/2016 Doi
Borio, Claudio; Disyatat, Piti; Juselius, Mikael:
Rethinking potential output: embedding information about the financial cycle, Oxford Economic Papers, 69, 2016: 655-677
Doi
Honkapohja, Seppo; Turunen-Red, Arja H; Woodland, Alan D.:
Growth, expectations and tariffs,
Canadian Journal of Economics, 49, 2016: 1441-1469
BoF DP 9/2011 Doi
Bonthuis, Boele; Jarvis, Valerie; Vanhala, Juuso:
Shifts in euro area Beveridge curves and their determinants,
IZA Journal of Labor Policy, Volume 5, Issue 1, 2016: Article 20
BoF DP 2/2015 Doi
Hasan, Iftekhar; Liu, Liuling; Zhang; Gaiyan:
The Determinants of Global Bank Credit-Default-Swap Spreads,
Journal of Financial Services Research, 50, 2016: 275-309
BoF DP 33/2014 Doi
Buchanan, Bonnie:
Securitization: A Financing Vehicle for All Seasons?,
Journal of Business Ethics, 138, 2016: 559-577
BoF DP 31/2016  Doi
Haavio, Markus; Kotakorpi, Kaisa:
Sin licenses revisited,
Journal of Public Economics, 144, 2016: 40-51
CESifo Working Paper 4010 2012 Doi   
Hasan, Iftekhar; Kobeissi, Nada; Liu, Liuling; Wang, Haizhi:
Corporate Social Responsibility and Firm Financial Performance: The Mediating Role of Productivity,
Journal of Business Ethics, 2016: Online First
BoF DP 7/2016 Doi
Hasan, Iftekhar; Marinč, Matej:
Should competition policy in banking be amended during crises? Lessons from the EU,
European Journal of Law and Economics, 2, 2016: 295–324
BoF DP 7/2013 Doi 
David Mayes – Maritta Paloviita – Matti Virén
EMU and the Anchoring of Inflation Expectations
Economia Internazionale / International Economics Volume 69, Issue. 4 – November, 2016: 337-360
PDF
Matti Virén
Why isn’t Europe Growing?
Economia Internazionale / International Economics 2016, Volume 69 - Issue 4: 313-336
Link
Fabio Verona
Time-frequency characterization of the U.S. financial cycle
Economics Letters, Volume 144, July 2016: 75–79
BoF DP 14/2016 Doi
Seppo Honkapohja
Monetary policies to counter the zero interest rate: an overview of research
Empirica, Volume 43, Issue 2, 1 May 2016: 235-256
Doi
Marko Korhonen – Mikko Puhakka – Matti Viren
Economic hardship and suicide mortality in Finland, 1875–2010
European Journal of Health Economics, Volume 17, Issue 2, 1 March 2016: 129-137
Doi 
Mika Kortelainen – Maritta Paloviita – Matti Virén
How useful are measured expectations in estimation and simulation of a conventional small New Keynesian macro model?
Economic Modelling, Volume 52, Part B, January 2016: 540–550
Doi
Jan-Erik Lönnqvist – Juha V.A. Itkonen
Homogeneity of personal values and personality traits in Facebook social networks
Journal of Research in Personality, Volume 60, February 01, 2016: 24-35
Doi
Diego Moreno – Tuomas Takalo
Optimal Bank Transparency
Journal of Money, Credit and Banking, Volume 48, Issue 1, February 2016: 203–231
Doi (BoF DP 9/2012)
Ejaz Ghani - Arti Grover Goswami - William R. Kerr
Highway to Success: The Impact of the Golden Quadrilateral Project for the Location and Performance of Indian Manufacturing
Economic Journal, Volume 126, Issue 591, 1 March 2016: 317-357
Doi
Owain Ap Gwilym – Iftekhar Hasan – Qingwei Wang – Ru Xie
In Search of Concepts: The Effects of Speculative Demand on Stock Returns
European Financial Management, Volume 22, Issue 3, 1 June 2016: 427-449
BoF DP 10/2013 Doi
Bill Francis– Iftekhar Hasan – Lingxiang Li
Evidence for the Existence of Downward Real-Activity Earnings Management
Journal of Accounting, Auditing & Finance, Volume 31, Issue 2, April 2016: 212-248
Doi (BoF DP 13/2015)
Bill B. Francis– Iftekhar Hasan – Xian Sun – Qiang Wu
CEO political preference and corporate tax sheltering
Journal of Corporate Finance, Volume 38, June 01, 2016: 37-53
Doi (BoF DP 5/2016)
Chrysovalantis Gaganis – Iftekhar Hasan – Fotios Pasiouras
Regulations, institutions and income smoothing by managing technical reserves: International evidence from the insurance industry
Omega, Volume 59, March 01, 2016: 113-129
Doi (BoF DP 15/2015)
Bill Francis – Iftekhar Hasan – Lingxiang Li
Abnormal real operations, real earnings management, and subsequent crashes in stock prices
Review of Quantitative Finance and Accounting, February 2016, Volume 46, Issue 2: 217-260
Doi (BoF DP 19/2014)

2015

Kauko, Karlo:
Bailouts, franchise value and moral hazard in banking,
Singapore Economic Review, Online 8 September 2015 Doi

Karlo Kauko – Maria Teresa Punzi
Testing the global banking glut hypothesis
Journal of Financial Stability, Volume 19, August 2015: 128–151
Doi
Maritta Paloviita – Matti Viren
What’s behind the survey values? An analysis of individual forecasters’ behaviour
Journal of Business Cycle Measurement and Analysis, Volume 2014 Issue 2: 25–43
Doi 
Juha Itkonen
Social ties and concern for global warming
Climatic Change, September 2015, Volume 132, Issue 2, pp 173-192
Doi (BoF E:49 Second essay) 
Seppo Honkapohja – Kaushik Mitra
Comparing Inflation and Price-Level Targeting: The Role of Forward Guidance and Transparency
Manchester School, Volume 83, Issue Supplement S2, September 2015: 27–59
Doi (BoF DP 9/2015)
Andres Fernandez – Adam Gulan
Interest Rates, Leverage, and Business Cycles in Emerging Economies
American Economic Journal: Macroeconomics, Volume 7, Issue 3, 2015: 153-188
Doi (BoF DP 23/2012)
Essi Eerola - Teemu Lyytikäinen
On the role of public price information in housing markets
Regional Science and Urban Economics, Volume 53, July 01, 2015: 74-84
Doi
Esa Jokivuolle – Jarmo Pesola – Matti Virén
Why is credit-to-GDP a good measure for setting countercyclical capital buffers?
Journal of Financial Stability, Volume 18, June 01, 2015: 117-126
Doi (BoF DP 6/2014)
Matti Virén
Why so little revenues are obtained from a presumed large shadow economy?
Economics of Governance, May 2015, Volume 16, Issue 2: 101-123
Doi
Klaus Kultti – Eeva Mauring – Juuso Vanhala – Timo Vesala
Adverse selection in dynamic matching markets
Bulletin of Economic Research, Volume 67, Issue 2, April 2015: 115–133
Doi
Juha Kilponen – Helinä Laakkonen – Jouko Vilmunen
Sovereign risk, European crisis resolution policies and bond yields International
Journal of Central Banking, Volume 11, Number 2, March 2015: 285-323
Link to paper (BoF DP 22/2012)
Emmi Martikainen – Heiko Schmiedel – Tuomas Takalo
Convergence of European Retail Payments
Journal of Banking & Finance, Volume 50, January 2015: 81–91
Doi (ECB Occasional Paper No 147 / June 2013)
Leonardo Becchetti - Rocco Ciciretti - Iftekhar Hasan
Corporate social responsibility, stakeholder risk, and idiosyncratic volatility
Journal of Corporate Finance, Volume 35, December 2015: 297–309
Doi
Manthos Delis – Iftekhar Hasan – Efthymios Tsionas
Banks' Risk Endogenous to Strategic Management Choices British
Journal of Management, Volume 26, Issue 4, October 2015: 637–656
Doi
Bill B. Francis – Iftekhar Hasan – Eric Ofori
Investor Protections, Capital Markets, and Economic Growth: The African Experience
Advances in Financial Economics, Volume 18 (International Corporate Governance) 2015: 239-272
Doi 
Bill Francis – Iftekhar Hasan – Liang Song – Bernard Yeung
What determines bank-specific variations in bank stock returns? Global evidence
Journal of Financial Intermediation, Volume 24, Issue 3, July 2015: 312–324
Doi (BoF DP 16/2012)
Hendrik Hakenes – Iftekhar Hasan – Phil Molyneux – Ru Xie
Small banks and local economic development
Review of Finance, Volume 19, Issue 2, 1 March 2015: 653-683
Doi (BoF DP 5/2014)
Bill Francis - Iftekhar Hasan - Jong Chool Park - Qiang Wu
Gender Differences in Financial Reporting Decision Making: Evidence from Accounting Conservatism
Contemporary Accounting Research, Volume 32, Issue 3, September 2015: 1285–1318
Doi (BoF DP 1/2014)
Bill Francis − Iftekhar Hasan − Qiang Wu
Professors in the Boardroom and their Impact on Corporate Governance and Firm Performance
Financial Management, Volume 44, Issue 3, 1 September 2015: 547-581
Doi (BoF DP 15/2014)
Iftekhar Hasan - Steven Raymar - Liang Song
Effects of corporate and country governance on R&D investment: Evidence from emerging markets
Singapore Economic Review, Volume 60, Issue 1, 25 March 2015
Doi
Bill Francis - Aparna Gupta - Iftekhar Hasan
Impact of compensation structure and managerial incentives on bank risk taking
European Journal of Operational Research, Volume 242, Issue 2, 16 April 2015: 651–676
Doi
Iftekhar Hasan – Nadia Massoud – Anthony Saunders – Keke Song
Which Financial Stocks did Short Sellers Target in the Subprime Crisis?
Journal of Banking & Finance, Volume 54, May 2015: 87–103
Doi (BoF DP 3/2015)
Sherrill Shaffer - Iftekhar Hasan - Mingming Zhou
New Small Firms and Dimensions of Economic Performance
Economic Development Quarterly, Volume 29, Issue 1, 13 February 2015: 65-78
Doi (BoF DP 4/2009)
Iftekhar Hasan – Akhtar Siddique – Xian Sun
Monitoring the “invisible” hand of market discipline: Capital adequacy revisited
Journal of Banking & Finance, Volume 50, January 2015: 475–492
Doi
Domenico Curcio – Iftekhar Hasan
Earnings and capital management and signaling: the use of loan-loss provisions by European banks
European Journal of Finance, Volume 21, Issue 1, 2 January 2015: 26-50
Doi

2014

Maria Kopsakangas - Tuomas Takalo
Competition before sunset: The case of the Finnish ATM market
Review of Network Economics, Volume 13, Issue 1, 2014: 1–33
Doi (Bof DP 32/2012)
Fabio Verona
Investment dynamics with information costs
Journal of Money, Credit and Banking, Volume 46, Issue 8, December 2014: 1627–1656
Doi (BoF DP 18/2013)
Iftekhar Hasan – Emmi Martikainen – Tuomas Takalo
Promoting Efficient Retail Payments
Journal of Payments Strategy & Systems, Volume 8 Number 4, 2014: 395-406 - Special issue on the future of retail payments in Europe
(BoF DP 20/2014)
Helinä Laakkonen
Exchange Rate Volatility, Macroeconomic Announcements and the Choice of Intraday Periodicity Filtering Method
Quantitative Finance, Volume 14, Issue 12, 13 December 2014: 2093-2104
Doi
Fabio Verona
Pervasive inattentiveness
Economics Letters, Volume 125, Issue 2, November 01, 2014: 287-290
Doi
Juuso Vanhala – Juha Kilponen
The Sensitivity of Job Destruction to Vintage and Tenure Effects
Scandinavian Journal of Economics, Volume 116, Issue 4:1068–1090, October 2014
Doi (BoF DP 15/2009)
Karlo Kauko
How to foresee banking crises? A survey of empirical literature
Economic Systems, Volume 38, Issue 3, September 2014: 289–308
Doi
Karlo Kauko
Does opaqueness make equity capital expensive for banks?
Revista de Economía del Rosario, Vol. 17. No. 2. Julio-Diciembre 2014. 5-29
PDF 
Karlo Kauko
Minkälainen kello kilkattaa pankkikriisin kaulassa (in Finnish)
Kansantaloudellinen aikakauskirja, 3/2014 110/343-357
PDF
Heidi Schauman
Tonttimaan tarjonta, sääntely ja asuntojen hinnat (in Finnish)
Kansantaloudellinen aikakauskirja, 1/2014, 96-110
PDF
Esa Jokivuolle – Ilkka Kiema – Timo Vesala
Why Do We Need Countercyclical Capital Requirements?
Journal of Financial Services Research, August 2014, Volume 46, Issue 1: 55-76
Doi (BoF DP 17/2010)
Seppo Honkapohja
Financial crises: Lessons from the Nordic experience
Journal of Financial Stability, Volume 13, August 2014: 193–201
Doi
Seppo Honkapohja
The euro area crisis: A view from the north
Journal of Macroeconomics, Volume 39, Part B, March 2014, Pages 260–271
Doi (BoF DP 12/2013)
Matti Viren
How different are the fiscal policy effects? Assessing the importance of cyclical situation, policy coordination, composition of policy measures and country specific features
Revue de l'OFCE, 132, 2014: 133-157
Matti Viren
Sensitivity of fiscal-policy effects to policy coordination and business cycle conditions
International Economics and Economic Policy, September 2014, Volume 11, Issue 3: 397-411
Doi (BoF DP 11/2013)
Maritta Paloviita – Matti Viren
Inflation and output growth uncertainty in individual survey expectations
Empirica, Volume 41, Issue 1, 2014, Pages 69–81
Doi (BoF DP 37/2012)
Fabio Verona – Maik Wolters
Sticky information models in Dynare
Computational Economics, Volume 43, Issue 3, March 2014, Pages 357–370
Doi (BoF DP 5/2013)
Markus Haavio – Caterina Mendicino – Maria Teresa Punzi
Financial and economic downturns in OECD countries
Applied Economics Letters, Volume 21, Issue 6, April 2014, Pages 407–412
Doi (BoF DP 35/2013)
Ilkka Kiema – Esa Jokivuolle
Does a Leverage Ratio Requirement Increase Bank Stability?
Journal of Banking & Finance, Volume 39, Issue 1, February 2014, Pages 240–254
Doi
Karlo Kauko
Do Bailouts Cause Moral Hazards or Franchise Value in Banking?
Kyklos, Volume 67, Issue 1, February 2014, Pages 82–92
Karlo Kauko – Peter Palmroos
The Delphi method in forecasting financial markets - an experimental study
International Journal of Forecasting, Volume 30, Issue 2, April-June 2014, Pages 313–327
Doi
Bill Francis – Iftekhar Hasan – Qiang Wu – Meng Yan
Are female CFOs less tax aggressive? Evidence from tax aggressiveness
Journal of American Taxation Association, Volume 36, Issue 2 Fall 2014: 171-202
Doi (BoF DP 16/2014)
Iftekhar Hasan – Nada Kobeissi – Liang Song
Corporate Governance, Investor Protection, and Firm Performance in MENA Countries
Middle East Development Journal, Volume 6, Issue 1, 2014: 84-107
Doi
Bill B. Francis – Iftekhar Hasan – Yun Zhud
Political uncertainty and bank loan contracting
Journal of Empirical Finance. Volume 29, December 2014: 281–286
Doi
Manthos D. Delis – Iftekhar Hasan – Efthymios G. Tsionas
The risk of financial intermediaries
Journal of Banking & Finance, Volume 44, July 2014: 1–12
Doi (BoF DP 18/2014)
Manthos D. Delis – Iftekhar Hasan – Pantelis Kazakis
Bank Regulations and Income Inequality: Empirical Evidence
Review of Finance, Volume 18, Issue 5; 2014: 1811-1846
Doi 
Chung-Hua Shen – Iftekhar Hasan – Chih-Yung Lin
The Government's Role in Government-owned Banks
Journal of Financial Services Research, Volume 45, Issue 3, June 2014, Pages 307–340
Doi
Iftekhar Hasan – Chun Keung (Stan) Hoi – Qiang Wu – Hao Zhang
Beauty is in the eye of the beholder: The effect of corporate tax avoidance on the cost of bank loans
Journal of Financial Economics, Volume 113, Issue 1, July 2014, Pages 109–130
Doi (BoF DP 3/2014)
Bill Francis − Iftekhar Hasan − Haizhi Wang
Banking deregulation, consolidation, and corporate cash holdings: U.S. evidence
Journal of Banking & Finance, Volume 41, Issue 1, April 2014, Pages 45–56
Doi
Bill Francis – Iftekhar Hasan – Xian Sun
The certification role of financial advisors in cross-border M&As
International Review of Financial Analysis, Volume 32, March 2014, Pages 143–158
Doi (BoF DP 31/2012)
Yiwei Fang – Iftekhar Hasan – Katherin Marton – Maya Waisman
Bank valuation in new EU member countries
Economic Systems, Volume 38, Issue 1, March 2014, Pages 55–72
Doi
Bill Francis – Iftekhar Hasan – Xian Sun
Does relationship matter? The choice of financial advisors
Journal of Economics and Business, Volume 73, May 2014, Pages 22–47
Doi
Bill B. Francis – Iftekhar Hasan – Xian Sun – Maya Waisman
Can firms learn by observing? Evidence from cross-border M&As
Journal of Corporate Finance, Volume 25, April 2014, Pages 202–215
Doi (BoF DP 17/2014)
Yiwei Fang – Iftekhar Hasan – Katherin Marton
Institutional development and bank stability: Evidence from transition countries
Journal of Banking & Finance, Volume 39, Issue 1, February 2014, Pages 160–176
Doi
Iftekhar Hasan – Liang Song – Paul Wachtel
Institutional development and stock price synchronicity: Evidence from China
Journal of Comparative Economics, Volume 42, Issue 1, February 2014, Pages 92–108
Doi
Ant Bozkaya — William R.Kerr
Labor Regulations and European Venture Capital
Journal of Economics and Management Strategy, Volume 23, Issue 4, 1 December 2014: 776-810
Doi (BoF DP 30/2013)
William Kerr
Income inequality and social preferences for redistribution and compensation differentials
Journal of Monetary Economics, Volume 66, September 2014: 62-78
Doi (BoF DP 31/2013)
Ejaz Ghani – William Kerr – Christopher Stanton
Diasporas and outsourcing: Evidence from oDesk and India
Management Science, Volume 60, Issue 7, July 2014: 1677-1697
Doi
Ejaz Ghani – William R. Kerr – Stephen O'Connell
Political reservations and women's entrepreneurship in India
Journal of Development Economics, Volume 108, May 2014:138-153
Doi
Ejaz Ghani – William R. Kerr – Stephen O'Connell
Spatial Determinants of Entrepreneurship in India
Regional Studies, Volume 48, Issue 6, 2014:1071-1089
Doi
Henri Nyberg – Pentti Saikkonen
Forecasting with a noncausal VAR model
Computational Statistics & Data Analysis, Volume 76, August 2014, Pages 536–555
Doi (BoF DP 33/2012)
Giovanni Caggiano – Efrem Castelnuovo – Nicolas Groshenny
Uncertainty Shocks and Unemployment Dynamics in U.S. Recessions
Journal of Monetary Economics, Volume 67, October 2014: 78–92
Doi
Efrem Castelnuovo − Luciano Greco − Davide Raggi
Policy rules, regime switches, and trend inflation: an empirical investigation for the United States
Macroeconomic Dynamics, Volume 18, Issue 04, June 2014, Pages 920–942
Doi
Martin Ellison – Godfrey Keller – Kevin Roberts – Margaret Stevens
Unemployment and market size
Economic Journal, Volume 124, Issue 575, March 2014, Pages 119–148
Doi
Mikael Bask
A case for interest rate inertia in monetary policy International
Journal of Finance and Economics, Volume 19, Issue 2, March 2014, Pages 140–159
Doi (BoF DP 25/2007)

2013

Helinä Laakkonen – Markku Lanne
The Relevance of Accuracy for the Impact of Macroeconomic News on Exchange Rate Volatility
International Journal of Finance and Economics Vol 18, Issue 4, October 2013: 339–351
Doi
Markus Haavio – Heikki Kauppi
Buying a Home with a Resale Value: Location, Location, Location
The Scandinavian Journal of Economics, Volume 115, Issue 4; 1046–1083, October 2013
Fabio Verona – Manuel M. F. Martins – Inês Drumond
(Un)anticipated monetary policy in a DSGE model with a shadow banking system International
Journal of Central Banking, Volume 9, Number 3 September 2013; 73–117
(BoF DP 4/2013)
Kaushik Mitra – George W. Evans – Seppo Honkapohja
Policy change and learning in the RBC model
Journal of Economic Dynamics and Control, Volume 37, Issue 10, October 2013, Pages 1947–1971
Doi (BoF DP 22/2011)
Tuomas Takalo – Tanja Tanayama – Otto Toivanen
Market failures and the additionality effects of public support to private R&D: Theory and empirical implications
International Journal of Industrial Organization, Volume 31, Issue 5, September 2013, Pages 634–642
Doi (BoF DP 2/2013)
Timo Korkeamäki – Tuomas Takalo
Valuation of Innovation and Intellectual Property: The Case of iPhone
European Management Review, Volume 10, Issue 4, pages 197–210, Winter 2013
Doi 
Timo Korkeamaki – Elina Rainio – Tuomas Takalo
Reforming Corporate Law in an Emerging Market: The Case of Finland in the 1970’s
Economics of Transition, Volume 21(3) 2013, 509–551
Doi (BoF DP 1/2010)
Mari Komulainen – Tuomas Takalo
Does State Street Lead to Europe? The Case of Financial Exchange Innovations
European Financial Management, (Online 6 June 2011), Volume 19, Issue 3, June 2013: 521–557
Doi (BoF DP 22/2009)
Matti Viren
Is the Housing Allowance Shifted to Rental Prices?
Empirical Economics, Volume 44, Issue 3, June 2013: 1497–1518
Doi (BoF DP 11/2011)
Esa Jokivuolle – Matti Viren
Cyclical default and recovery in stress testing loan losses Journal of Financial Stability, Volume 9, Issue 1, April 2013: 139–149
Doi
Tuomas Takalo – Tanja Tanayama – Otto Toivanen
Estimating the Benefits of Targeted R&D Subsidies
Review of Economics and Statistics, March 2013, Vol. 95, No. 1, Pages 255–272
Doi (BoF DP 7/2008)
Paavo Miettinen
Information acquisition during a Dutch auction
Journal of Economic Theory, Volume 148, Issue 3, May 2013: 1213–1225
Doi (BoF DP 8/2012 & 7/2010)
Chrysovalantis Gaganis – Iftekhar Hasan – Fotios Pasiouras
Efficiency and stock returns: evidence from the insurance industry
Journal of Productivity Analysis, December 2013, Volume 40, Issue 3: 429–442
Doi (BoF DP 14/2013)
Iftekhar Hasan – Krzysztof Jackowicz – Oskar Kowalewski – Łukasz Kozłowski
Market discipline during crisis: Evidence from bank depositors in transition countries
Journal of Banking & Finance, Volume 37, Issue 12, December 2013: 5436–5451
Doi 
Bill Francis – Iftekhar Hasan – Kose John – Zenu Sharma
Asymmetric benchmarking of pay in firms Journal of Corporate Finance, Volume 23, December 2013, Pages 39–53
Doi
Stergios Leventis – Iftekhar Hasan – Emmanouil Dedoulis
The cost of sin: The effect of social norms on audit pricing
International Review of Financial Analysis, Volume 29, September 2013: 152–165
Doi (BoF DP 13/2013)
Bill Francis – Iftekhar Hasan – Liang Song – Maya Waisman
Corporate governance and investment-cash flow sensitivity: Evidence from emerging markets
Emerging Markets Review, Volume 15, June 2013: 57–71
Doi
Yijiang Zhao – Arthur Allen – Iftekhar Hasan
State Antitakeover Laws and Voluntary Disclosure
Journal of Financial and Quantitative Analysis, Volume 48 / Issue 02 / April 2013: 637–668
Doi 
Yi Yao – Rong Yang – Zhiyuan Liu – Iftekhar Hasan
Government intervention and institutional trading strategy: Evidence from a transition country
Global Finance Journal, Volume 24, Issue 1, 2013: 44–68
Doi
Isabelle Distinguin – Iftekhar Hasan – Amine Tarazi
Predicting rating changes for banks: how accurate are accounting and stock market indicators?
Annals of Finance, August 2013, Volume 9, Issue 3, pp 471–500
Doi (BoF DP 15/2012
Dona Siregar – Asokan Anandarajan – Iftekhar Hasan
Commercial Banks and Value Relevance of Derivative Disclosures after SFAS 133: Evidence from the USA
Review of Pacific Basin Financial Markets and Policies, Volume 16, Issue 01, March 2013: 1–28
Doi
Timo Korkeamaki – Timothy B. Michael
Where are they now? An analysis of the life cycle of convertible bonds
Financial Review, Volume 48, Issue 3, August 2013: 489–509
Doi
Martin Ellison – Andrew Scott
Learning and price volatility in duopoly models of resource depletion
Journal of Monetary Economics, 60(2013) 806–820
Doi
Alina Barnett – Martin Ellison
Learning by Disinflating Journal of Money, Credit and Banking, Volume 45, Issue 4, June 2013: 731–746
Doi
Ejaz Ghani – William R. Kerr – Stephen D. O’Connell
Local industrial structures and female entrepreneurship in India
Journal of Economic Geography, Volume 13, Issue 6, November 2013: 929–964
Doi
Oliver Falck – Christina Guenther – Stephan Heblich – William R. Kerr
From Russia with love: the impact of relocated firms on incumbent survival
Journal of Economic Geography, Volume 13 Issue 3 May 2013: 419–449
Doi
Efrem Castelnuovo
What does a monetary policy shock do?. An international analysis with multiple filters
Oxford Bulletin of Economics and Statistics, Volume 75, Issue 5, October 2013, Pages 759–784
Doi
Ville Mälkönen – Timo Vesala
The adverse selection problem in imperfectly competitive financial markets
Oxford Economic Papers, Volume 65, Issue 4, 2013, Pages 789–806
Doi (BoF DP 26/2006)

2012

Tuomas Takalo
Rationales and Instruments for Public Innovation Policies
Journal of Reviews on Global Economics, Volume 1, 2012: 157–167
Doi (BoF DP 1/2013)
Tuomas Takalo – Otto Toivanen
Entrepreneurship, Financiership, and Selection Scandinavian
Journal of Economics, Vol 114, Issue 2, June 2012: 601–628
Doi (BoF DP 6/2003)
Juha Kilponen
Consumption, Leisure and Borrowing Constraints
B.E. Journal of Macroeconomics Vol. 12 (2012), Issue 1 (Topics), Article 10
Doi (BoF DP 9/2009)
Karlo Kauko
Can credit risk be rated through-the-cycle?
Frontiers in Finance and Economics Vol.9, No 1, April 2012: 1–32
Karlo Kauko
External deficits and non-performing loans in the recent financial crisis
Economics Letters, Volume 115, Issue 2, May 2012: 196–199
Doi
George W. Evans – Seppo Honkapohja – Kaushik Mitra
Does Ricardian Equivalence Hold When Expectations Are Not Rational?
Journal of Money, Credit and Banking 44. 7 (Oct 2012): 1259–1283
Doi (BoF DP 13/2010
Elisa Newby
The Suspension of the Gold Standard as Sustainable Monetary Policy
Journal of Economic Dynamics and Control, Volume 36, Issue 10, October 2012; 1498–1519
Doi
Jukka Vauhkonen
The impact of Pillar 3 disclosure requirements on bank safety
Journal of Financial Services Research Volume 41, Numbers 1-2, 2012: 37–49
Doi (BoF DP 29/2009)
Kari Takala – Matti Viren
Why does a Large Shadow Economy not show up in Administrative Inspections?
Economic Analysis & Policy, 42 No 2, September 2012: 257–272
Matti Viren
Housing allowance: subsidy to landlords?
Recent Contributions in Applied Economics, Kovacs, P. (ed.) University of Szeged Press, p. 957–972
Martin Ellison – Thomas J. Sargent
A Defense Of The FOMC
International Economic Review, Volume 53, Issue 4, November 2012: 1047–1065
Doi
Yiwei Fang – Bill Francis – Iftekhar Hasan – Haizhi Wang
Product market relationships and cost of bank loans: Evidence from strategic alliances
Journal of Empirical Finance, Volume 19, Issue 5, December 2012: 653–674
Doi (BoF DP 4/2011
Bill B. Francis – Iftekhar Hasan – Michael Koetter – Qiang Wu
Corporate boards and bank loan contracting
Journal of Financial Research, Volume 35, Issue 4, December 2012: 521–552
Doi (BoF DP 14/2012)
Leonardo Becchetti – Rocco Ciciretti – Iftekhar Hasan – Nada Kobeissi
Corporate social responsibility and shareholder's value: an empirical analysis
Journal of Business Research, Volume 65, Issue 11, November 2012: 1628–1635
Doi (BoF DP 1/2009)
Iftekhar Hasan – Nada Kobeissi
Innovations, intellectual protection rights and information technology: An empirical investigation in the MENA region
Electronic Commerce Research, Volume 12, Issue 4, November 2012: 455–484
Doi
Bill Francis – Iftekhar Hasan – Liang Song
Are Firm- and Country-Specific Governance Substitutes? Evidence from Financial Contracts in Emerging Markets
Journal of Financial Research, Volume 35, Issue 3, October 2012: 343–374
Doi (BoF DP 12/2012)
Iftekhar Hasan – Heiko Schmiedel – Liang Song
Growth Strategies and Value Creation: What Works Best for Stock Exchanges?
Financial Review, Volume 47, Issue 3, August 2012: 469–499
Doi (BoF DP 2/2010)
Bill Francis – Iftekhar Hasan – Ying Huang – Zenu Sharma
Do Banks Value Innovation? Evidence from US Firms
Financial Management, Volume 41, Issue 1, April 2012: 159–185
Doi
Bill B. Francis – Iftekhar Hasan – Qiang Wu
Do corporate boards matter during the current financial crisis?
Review of Financial Economics, Volume 21, Issue 2, April 2012: 39–52
Doi (BoF DP 11/2012)
Leonardo Becchetti – Andrea Carpentieri – Iftekhar Hasan
Option-Adjusted Delta Credit Spreads: a Cross-Country Analysis European
Financial Management, Volume 18, Issue 2, March 2012: 183–217
Doi (BoF DP 34/2009)
Chung-Hua Shen – Yu-Li Huang – Iftekhar Hasan
Asymmetric benchmarking in bank credit rating
Journal of International Financial Markets, Institutions and Money, Volume 22, Issue 1, February 2012: 171–193
Doi
Annalisa Castelli – Gerald P Dwyer – Iftekhar Hasan
Bank relationships and firms' financial performance: the Italian experience European
Financial Management, Volume 18, Issue 1, January 2012: 28–67
Doi (BoF DP 36/2009)
Iftekhar Hasan – Heiko Schmiedel – Liang Song
Returns to Retail Banking and Payments
Journal of Financial Services Research, Volume 41, NumberIssue 3, June 2012: 163–195
Doi (BoF DP 3/2010)
Alistair Milne – Mario Onorato
Risk-Adjusted Measures of Value Creation in Financial Institutions
European Financial Management, Volume 18, Issue 4, September 2012: 578–601
Doi (BoF DP 25/2009)
Juha-Pekka Niinimäki
Hidden loan losses, moral hazard and financial crises
Journal of Financial Stability, Volume 8, Issue 1, January 2012: 1–14
Doi
Ville Mälkönen – Juha-Pekka Niinimäki
Blanket guarantee, deposit insurance and restructuring decisions for multinational banks
Journal of Financial Stability, Volume 8, Issue 2, April 2012: 84–95
Doi (BoF DP 16/2009)
Efrem Castelnuovo
Testing the Structural Interpretation of the Price Puzzle with a Cost-Channel Model
Oxford Bulletin of Economics and Statistics, Volume 74, Issue 3, June 2012: 425–452
Doi (BoF DP 20/2009)
Efrem Castelnuovo
Policy Switch and the Great Moderation: The Role of Equilibrium Selection
Macroeconomic Dynamics, Volume 16, Issue 3, June 2012: 449–471
Doi
Efrem Castelnuovo
Estimating the Evolution of Money's Role in the U.S. Monetary Business Cycle
Journal of Money, Credit, and Banking, Volume 44, Issue 1, February 2012: 23–52
Doi
Derek C. Jones - Panu Kalmi - Antti Kauhanen
The effects of general and firm-specific training on wages and performance: evidence from banking
Oxford Economic Papers, Volume 64, Issue 1, (2012): 151–175
Doi

2011

Mika Kortelainen – Maritta Paloviita – Matti Viren
Expectations and Inflation: Evidence from Euro Area, Japan and USA
International Economics, Vol 64, Issue 4 (2011), 465-487
Marko Melolinna
What explains risk premia in crude oil futures?
OPEC Energy Review,35 (4) December 2011: 287-307
Doi (BoF DP 2/2011)
Marko Melolinna
Using financial markets information to identify oil supply shocks in a restricted VAR
Finnish Economic Papers, Volume 24, Number 1, Spring 2011: 33-54
PDF
Harry Leinonen
Debit card interchange fees generally lead to cash-promoting cross-subsidisation
European Competition Journal, Vol. 7 No 3, December 2011: 527-557
Doi (BoF 3/2011)
Hanna Westman
The impact of management and board ownership on profitability in banks with different strategies
Journal of Banking & Finance, Volume 35, Issue 12, December 2011; 3300-3318
Doi
Jarmo Pesola
Joint effect of financial fragility and macroeconomic shocks on bank loan losses: Evidence from Europe
Journal of Banking & Finance, Volume 35, Issue 11, November 2011; 3134-3144
Doi (BoF DP 15/2007)
Mika Kortelainen – Maritta Paloviita – Matti Viren
Observed Inflation Forecasts and the New Keynesian Macro Model
Economics Letters, Volume 112, Issue 1, July 2011: 88–90
Doi
Markus Haavio – Kaisa Kotakorpi
The political economy of sin taxes
European Economic Review, Volume 55, Issue 4, May 2011; 575–594
Doi
Juha Kilponen – Kai Leitemo
Transmission lags and optimal monetary policy
Journal of Economic Dynamics and Control, Volume 35, Issue 4, April 2011: 565–578
Doi (BoF DP 8/2007)
Juha-Pekka Niinimäki
Nominal and true cost of loan collateral
Journal of Banking and Finance, Vol. 35, Issue 10 (October 2011): 2782-2790
Doi (BoF DP 19/2009)
Timo Korkeamäki
Interest rate sensitivity of the European stock markets before and after the euro introduction
Journal of International Financial Markets, Institutions and Money, 21. 5 (Dec 2011): 811-831
Doi
Martin Ellison – Joseph Pearlman
Saddlepath learning
Journal of Economic Theory Volume 146, Issue 4, July 2011: 1500-1519
Doi
Martin Ellison – Giacomo Carboni
Inflation and output volatility under asymmetric incomplete information
Journal of Economic Dynamics and Control, 35. 1 (Jan 2011): 40–51
Doi
Bill Francis – Iftekhar Hasan – Zenu Sharma
Leverage and growth: Effect of stock options
Journal of Economics and Business 63 (6) Nov-Dec 2011: 558-581
Doi (BoF DP 19/2011)
Sungho Choi – Iftekhar Hasan
Bank Privatization and Convergence of Performance: International Evidence
Journal of Financial Research 34. 2 (Jul 2011): 387-410
Doi
Yiwei Fang – Iftekhar Hasan – Katherin Marton
Bank efficiency in transition economies: recent evidence from South-Eastern Europe
Economics of Transition, Vol 19 Issue 3, July 2011: 495–520
Doi (BoF DP 5/2011)
Rajeev Goel – Iftekhar Hasan
Economy-wide corruption and bad loans in banking: international evidence
Applied Financial Economics 21, no. 7 (2011): 455-461
Doi
Bill B. Francis – Iftekhar Hasan – Kose John – Liang Song
Corporate Governance and Dividend Payout Policy: A Test Using Antitakeover Legislation
Financial Management Vol 40, Issue 1, 83–112, Spring 2011
Doi
Iftekhar Hasan – Asokan Anandarajan – Bill Francis – Kose John
Value relevance of banks: global evidence
Review of Quantitative Finance and Accounting, 36, no. 1 (2011): 33–55
Doi
Guido Ascari – Efrem Castelnuovo – Lorenza Rossi
Calvo vs. Rotemberg in a trend inflation world: An empirical investigation
Journal of Economic Dynamics and Control Volume 35, Issue 11, November 2011; 1852-1867
Doi

2010

Juha Kilponen – Torsten Santavirta
New evidence on implicit contracts from linked employer-employee data
Scandinavian Journal of Economics, Special Issue 112, no. 4 (2010): 864–883
Doi (BoF DP 12/2010)
Kari Takala – Matti Viren
Is Cash Used only in the Shadow Economy?
International Economic Journal 24:4, December 2010: 525–540
Doi
Juha-Pekka Niinimäki
Liquidity Creation without Bank Panics and Deposit Insurance
Journal of Institutional and Theoretical Economics, Vol. 166, No. 3, 521–547
Doi
Efrem Castelnuovo – Salvatore Nisticò
Stock Market Conditions and Monetary Policy in a DSGE Model for the U.S.
Journal of Economic Dynamics and Control, Volume 34, Issue 9, September 2010: 1700–1731
Doi (BoF DP 11/2010)
Harry Leinonen
Transparent price competition or 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 Number 2 , June 2010: 102–115
Timo Korkeamaki – Eva Liljeblom – Daniel Pasternacka
Tax reform and payout policy: Do shareholder clienteles or payout policy adjust?
Journal of Corporate Finance, Volume 16, Issue 4, September 2010: 572–587
Doi
Juha Kilponen – Matti Viren
Why do growth rates differ? Evidence from cross-country data on private sector production
Empirica, Volume 37, Number 3 / July, 2010: 311–328
Doi (BoF DP 13/2008)
James Bullard – George W. Evans – Seppo Honkapohja
A Model of Near-Rational Exuberance
Macroeconomic Dynamics, April 2010, 14, 2: 166–88
Doi 
Esa Jokivuolle – Samu Peura
Rating targeting and dynamic economic capital
Journal of Risk, Vol 12 No 4 2010
(BoF DP 27/2006)
George W. Evans – Seppo Honkapohja – Noah Williams
Generalized stochastic gradient learning
International Economic Review, Vol. 51, No. 1, February 2010: 237–262
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
Doi (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
Doi (BoF DP 22/2004)
Sungho Choi – Bill B Francis – Iftekhar Hasan
Cross-Border Bank M&As and Risk: Evidence from the Bond Market
Journal of Money, Credit and Banking, June 2010, v. 42, iss. 4: 615–45
Doi
Allen N. Berger – Iftekhar Hasan – Mingming Zhou
The effects of focus versus diversification on bank performance: Evidence from Chinese banks
Journal of Banking & Finance, Volume 34, Issue 7, July 2010: 1417–1435
Doi
Yuliya Demyanyka – Iftekhar Hasan
Financial crises and bank failures: A review of prediction methods
Omega, Volume 38, Issue 5, October 2010: 315–324 (Empirical Research in the EU Banking Sector and the Financial Crisis)
Doi (BoF DP 35/2009)
Iftekhar Hasan – Maya Waisman
Going Public: An Empirical Investigation of U.S. Bound Israeli IPOs
Financial Markets, Institutions & Instruments, Volume 19, Issue 3, August 2010: 215–244
Doi
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
Doi
Bill B. Francis – Iftekhar Hasan – James R Lothian – Xian Sun
Signaling Hypothesis Revisited: Evidence from Foreign IPOs
Journal of Financial and Quantitative Analysis, 2010, 45:81–106
(BoF DP 10/2008)
Harry Leinonen
Fördelaktigare betalsystem genom transparent prissättning – Den nuvarande affärsmodellen leder till ineffektivitet
Ekonomiska Samfundets Tidskrift 63:1 (2010): 13–28
Paolo Zagaglia
The Sources of Volatility Transmission in the Euro Area Money Market: From Longer Maturities to the Overnight?
Applied Economics Letters, May-June 2010, v. 17, iss. 7–9, pp. 865–68
Doi
Mikael Bask
Measuring potential market risk
Journal of Financial Stability, Volume 6, Issue 3, September 2010, Pages 180–186
Doi (BoF DP 20/2007)

2000–2009

2009
Bill Francis – Iftekhar Hasan – Dona Siregar
The Choice of IPO versus M&A: Evidence from Banking Industry
Applied Financial Economics, November-December 2009, v. 19, iss. 24: 1987–2007
Peik Granlund
Supervisory approaches and financial market development: Some correlation-based evidence
Journal of Banking Regulation 2009, 11, 6–30
Doi (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
Doi
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
Doi (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
Doi (BoF DP 6/2005)
Heli Snellman – Matti Viren
ATM Networks and Cash Usage
Applied Financial Economics, 19, No. 10 (2009): 841–851
Doi (BoF DP 21/2006)
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)
Klaus Kultti – Antti Miettunen – Tuomas Takalo – Juha Virrankoski
Who Searches?
Japanese Economic Review Vol. 60, Issue 2, pp. 152–171, June 2009
Doi
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
David Mayes – Matti Viren
Changes in behaviour under EMU Economic Modelling v. 26, iss. 4, pp. 751–59
Doi
Klaus Kultti – Paavo Miettinen
Stability of Constitutions
Journal of Public Economic Theory, December 2009, v. 11, iss. 6, pp. 891–896
Doi
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
Doi (BoF DP 11/2007)
Matti Viren
Does the value-added tax shift to consumption prices?
AUCO Czech Economic Review, Volume 3, Number 2, 2009: 123–142
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
Doi (BoF DP 10/2006)
Mikael Bask – Carina Selander
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)
Bill Francis – Iftekhar Hasan – Haizhi Wang
Personal Bankruptcy Law and New Business Formation
Financial Review, November 2009, v. 44, iss. 4, pp. 647-63
Doi
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
Doi (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
Doi (BoF DP 7/2009)
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
Doi
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
Doi (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
Doi
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
Doi (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
Doi (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
Doi (BoF DP 22/2007)
Ville Mälkönen
Financial Conglomeration and Monitoring Incentives
Journal of Financial Stability, Volume 5, Issue 2, June 2009: 105–123
Doi (BoF DP 10/2004)
2008
Patrick Crowley – Douglas Maraun – 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
David Mayes – Matti Viren
The Impact of Asset Prices and Their Information Value for Monetary Policy 
Journal of Economic Asymmetries, December 2008: 1–26
Doi
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
Doi (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
Doi (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
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)
2007
Tuomas Takalo – Panu Poutvaara
Candidate Quality International Tax and Public Finance, 14, 1, 2007: 7–27
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
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)
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, Pages 203-232
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)
Karlo Kauko 
Interlinking Securities Settlement Systems: 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
Matti Viren
Inflation expectations and regime shifts
Principles of Modelling, Forecasting and Decision-making, Volume 1 (2007), number 4, 127 - 142
(BoF DP 25/2005)
Matti Virén
The Slowdown of Inflation Expectations in Europe: An Empirical Investigation Current Politics and
Economics of Europe, Volume 19, Issue 3/4, 2007
Kari Takala – Matti Viren 
Impact of ATMs on the Use of Cash
Communications & Strategies, 66:2, 2007: 47–59
Alistair Milne
Standards and Competition in Post-trade Securities Processing
Journal of Financial Transformation, No. 20, September 2007: 143–54
(BoF DP 23/2005)
Alistair Milne
Governance and Innovation in UK Retail Payments
Communications & Strategies, 66:2, 2007: 63–77
Alistair Milne
The industrial organization of post-trade clearing and settlement
Journal of Banking & Finance, Vol. 31, Issue 10, October 2007: 2945–2961
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) 
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
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)
Timo Vesala
Financial matching, asymmetric information and entrepreneurial risk taking
Scandinavian Journal of Economics, Volume 109, Issue 3, September 2007, Pages 469–485
Doi (BoF DP 14/2004)
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)
2006
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)
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
2005
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)
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
(BoF DP 11/2000)
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
(BoF DP 4/2004)
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)
2004
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)
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
(BoF DP 8/2004)
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
(BoF DP 25/2003)
Karlo Kauko 
The Links between Securities Settlement Systems: An Oligopoly Theoretic Approach International
Review of Financial Analysis, Vol. 13, Issue 5, 2004: 585–600
(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 Virén 
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)
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
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
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
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
Juha-Pekka Niinimäki 
Maturity transformation without maturity mismatch and bank panics
Journal of Institutional and Theoretical Economics, Vol. 159, No. 3, 2003: 511–522
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)
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
2002
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
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
Oz Shy 
A quick-and-easy method for estimating switching costs
International Journal of Industrial Organization, Vol. 20, No. 1, 2002: 71–87
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
2001
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
Antti Ripatti – Pentti Saikkonen 
Vector Autoregressive Processes with Nonlinear Time Trends in Cointegrating Relations
Macroeconomic Dynamics, Vol. 5, Nro 4, 2001: 577–597
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
2000
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
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
(BoF DP 10/1998)
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
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

1990–1999

1999
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
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
1998
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
Heikki Hella – Kari Takala
Estimating Current Account by Using System Methods and Barometer Variables
Ifo Studien, 1998, v. 44, iss. 4: 433–65
1997
David Mayes
The New Zealand "experiment": Using economic theory to drive policy
Policy Options, Vol 18, No 7, 1997: 34–36
1996
Matti Virén – Kari Takala
Chaos and nonlinear dynamics in financial time series: Evidence from Finland
European Journal of Operational Research, 93, 1996: 155–172
David Humphrey – Lawrence Pulley – Jukka Vesala
Cash, Paper, and Electronic Payments: A Cross-Country Analysis
Journal of Money, Credit and Banking, Part 2 November 1996, v. 28, iss. 4: 914–39
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
1995
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
1994
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
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
1993
Sinikka Salo
Strategier i bostadsforetagen. (Strategies in Housing Construction.)
Ekonomiska Samfundets Tidskrift, Vol. 46, No. 1, 1993: 37–41
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
1992
Heikki Koskenkylä
Bankkrisen i de nordiska landerna. (The Bank Crisis in the Nordic Countries)
Ekonomiska Samfundets Tidskrift, Vol. 45, No. 4, 1992: 183–99
Heikki Koskenkylä
Paaomatulojen verouudistus jatkuu: Ehdotettu rakenne oikeansuuntainen, mutta taso väärä. (Capital Income Tax Reform. With English summary.)
Liiketaloudellinen Aikakauskirja/Finnish Journal of Business Economics, 1992, v. 41, iss. 2, pp. 130–42
Heikki Koskenkylä – Christian Starck
Tag lonesankningsalternativet pa allvar. (A Decrease in Wages--A Considerable Alternative. With English summary.)
Ekonomiska Samfundets Tidskrift, 1992, v. 45, iss. 3: 159–67
Christian Starck
Centralbankens sjalvstandighet. Argument och internationella erfarenheter. (The Independence of the Central Bank--Some Arguments and International Experience. With English summary.)
Ekonomiska Samfundets Tidskrift, 1992, v. 45, iss. 2: 83–95
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
1991
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
Christian Starck
The Interest Rate Elasticity of Aggregate Consumption: A Time Varying Parameter Approach
Finnish Economic Papers, Autumn 1991, v. 4, iss. 2, 142–53
Alpo Willman
Why There Is a Lower Bound on the Central Bank's Foreign Reserves
Finnish Economic Papers, Autumn 1991, v. 4, iss. 2, 113–29
Kari Takala – Pekka Pere
Testing the Cointegration of House and Stock Prices in Finland
Finnish Economic Papers, Spring 1991, v. 4, iss. 1, 33–51
Seppo Kostiainen – Christian Starck
Does Government and Corporate Saving Influence Household Saving in Finland?
Liiketaloudellinen Aikakauskirja/Finnish Journal of Business Economics, 1991, v. 40, iss. 2, 128–44
Rolf Kullberg
Finansmarknadens avreglering--ett mognadsprov. (The Deregulation of the Financial Market--'A Test of Maturity.' With English summary.)
Ekonomiska Samfundets Tidskrift, 1991, v. 44, iss. 1, 29–46
Christian Starck
Konjunkturfluktuationer--Hur, och hur val forklarar vi dem? (Cyclical Fluctuations--How and How Well Are They Explained? With English summary.)
Ekonomiska Samfundets Tidskrift, 1991, v. 44, iss. 3, 135–42
Rolf Myhrman – Alpo Willman
Matning av budgetens stabiliseringserffekt. (Estimating the Budget Stabilisation Effect. With English summary.)
Ekonomiska Samfundets Tidskrift, 1991, v. 44, iss. 3, 143–63
1990
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
Matti Virén
McKinnon's Currency Substitution Hypothesis: Some New Evidence
Economia Internazionale, May-August 1990, v. 43, iss. 2-3: 226–34
Matti Virén
Currency Substitution, Financial Innovations and Money Demand: A Note
Applied Economics, November 1990, v. 22, iss. 11, 1591–96
Matti Virén
A Note on Finnish Property Criminality
International Journal of Social Economics, 1990, v. 17, iss. 9, 55–59
Olli-Pekka Lehmussaari
Why Saving Fell in the Nordic Countries
Finance and Development, June 1990, v. 27, iss. 2: 15–17
Alowin Moes – Esko Aurikko
The Stock Market and Monetary Policy in Finland
Liiketaloudellinen Aikakauskirja/Finnish Journal of Business Economics, 1990, v. 39, iss. 3, 192–207
Christian Starck
Makroekonometri och metodologi. (Macroeconometrics and Methodology. With English summary.)
Ekonomiska Samfundets Tidskrift, 1990, v. 43, iss. 4, 307–10
Esko Ollila
Bankernas okade risker pa 1990-talet. (Increased Risks in Banking in the 1990s. With English summary.)
Ekonomiska Samfundets Tidskrift, 1990, v. 43, iss. 3, 185–93