6/1988 Johnny Åkerholm External Adjustment in Small Open Economies Some Recent Experience p. In English. ISBN

Transkriptio

1 1 1/1988 Esko Aurikko Korko- ja valuuttakurssijousto talouden sopeutumisessa (Interest and Exchange Rate Flexibility in Economic Adjustment) p. In Finnish. ISBN X. (KP) 2/1988 Paavo Peisa Markku Pulli Yritysten verotus ja tuloksentasaus: Tilinpäätöksen määräytyminen ja kuluvaraston riittävyys (Corporate Taxation and Financial Statements: An Analysis of Accounting Practice and Untaxed Reserves) p. In Finnish. ISBN (TU) 3/1988 Juha Tarkka Alpo Willman Exports and Imports in the BOF4 Quarterly Model of the Finnish Economy p. In English. ISBN (TU) 4/1988 Erkki Koskela Matti Virén Dynamics of the Demand for Money and Uncertainty: The U.S. Demand for Money Revisited p. In English. ISBN (TU) 5/1988 Ari Lahti Matti Virén Rational Expectations in a Macromodel: Some Comparative Analyses with Finnish Data p. In English. ISBN (TU) 6/1988 Johnny Åkerholm External Adjustment in Small Open Economies Some Recent Experience p. In English. ISBN (KP) 7/1988 Helka Jokinen Pääomanliikkeiden kustannuksiin vaikuttavat säädökset (Regulations Affecting the Costs of Capital Flows) p. In Finnish. ISBN (KP) 8/1988 Alpo Willman Devaluation Expectations and Speculative Attacks on the Currency p. In English. ISBN (TU) 9/1988 Juhani Raatikainen Heikki Solttila Suomalaisten yritysten käyttäytyminen valuuttojen termiinimarkkinoilla (The Behaviour of Finnish Companies in the Forward Exchange Market) p. In Finnish. ISBN (KP) 10/1988 Hannele Kuosmanen Ilmo Pyyhtiä Reijo Siiskonen The KTKV Model of the Economics Department of the Bank of Finland: A Semiannual Model for Forecasting World Economic Prospects p. In English. ISBN (KT) 11/1988 Christian C. Starck How Are the Key Finnish Market Interest Rates Determined? p. In English. ISBN (KT) 12/1988 Esko Aurikko Rational Exchange Rate and Price Expectations under Different Exchange Rate Regimes in Finland p. In English. ISBN (KP) 13/1988 Matti Virén Interest Rates and Budget Deficits: Cross-Country Evidence from the Period p. In English. ISBN X. (TU)

2 2 14/1988 Juha Tarkka Alpo Willman Chris-Marie Rasi Production and Employment in the BOF4 Quarterly Model of the Finnish Economy p. In English. ISBN (TU) 15/1988 Anne Kerttula Anne Mikkola Monetary Policy and Housing Prices p. In English. ISBN (KT) 16/1988 Matti Virén Determination of Interest Rates in Small Open Economies: A Review of Recent Evidence p. In English. ISBN X. (TU) 17/1988 Alpo Willman If the Markka Floated: Simulating the BOF4 Model with Fixed and Floating Exchange Rates p. In English. ISBN (TU) 18/1988 Pertti Haaparanta Customs Unions and National Budgets p. In English. ISBN (KT) 19/1988 Amy Skolnik The EC Internal Market: An "Economic United States" of Europe p. In English. ISBN (KT) 20/1988 Timo Tyrväinen Wages and Employment in a Unionized Economy: Practical Implications of Theoretical Considerations in the Context of Finland p. In English. ISBN (KT) 21/1988 Pertti Haaparanta Christian Starck Jouko Vilmunen Kasvavien työtulojen odotukset vähentävät kotitalouksien säästämistä (Growing Earnings Expectations Reduce Household Saving) p. In Finnish. ISBN (TU) 22/1988 Kerstin Heinonen Raha- ja valuuttamarkkinoiden vakaus EMS-maissa (Stability of Money and Foreign Exchange Markets in the EMS Countries) p. In Finnish. ISBN (KP) 23/1988 Seija Lainela Neuvostoliiton uudistuva ulkomaankauppajärjestelmä ja sen vaikutukset clearingkauppaan (The New Foreign Trade System of the USSR and Its Effects on Clearing Trade) p. In Finnish. ISBN (TU) 24/1988 Amy Skolnik How Will 1992 Affect the Rest of the World? The Reactions of Some Major Countries and Trade Blocs towards EC Integration p. In English. ISBN (KT) 25/1988 Tarja Heinonen Yritysten likvidien varojen kysyntä Suomessa (Demand for Liquid Assets by Companies in Finland ) p. In Finnish. ISBN (TU) 26/1988 Paavo Peisa Firm Growth: Adjustment and Fluctuations p. In English. ISBN (TU) 27/1988 Vesa Vanhanen Korkoriskin hallinta velkakirjamarkkinoilla (Management of Interest Rate Risks in the Debt Securities Market) p. In Finnish. ISBN (MO) 28/1988 Peter Johansson Heikki Solttila Suomen rahoitusmarkkinoiden kansainvälistyminen (Internationalization of Finnish Financial Markets) p.in Finnish. ISBN X. (KP) 29/1988 Pertti Pylkkönen Christian Starck Suomen sosiaalivakuutusjärjestelmä ja sen kokonaistaloudelliset vaikutukset (The Finnish Social Insurance System and Its Macroeconomic Effects) p. In Finnish. ISBN (KT)

3 3 30/1988 Pirkko Miikkulainen Suomen palvelujen ulkomaankauppa ja kehitysnäkymiä vuoteen 1992 (Finnish Foreign Trade in Services and the Outlook up to 1992) p. In Finnish. ISBN (TU) 31/1988 Pentti Forsman Tarja Heinonen Dynamic Models of the Roundwood Market in Finland p. In English. ISBN (KT) 32/1988 Jarmo Kontulainen Heikki Solttila Valuuttojen avista- ja termiinihintojen yhteydestä (On the Relationship between Spot and Forward Prices of Currencies) p. In Finnish. ISBN (KP) 33/1988 Markku Kotilainen Tapio Peura Finland s Exchange Rate Regime and European Integration p. In English. ISBN (KT)

4 1/1989 Paula Lähdemäki Neuvostoliiton kokonaistaloudelliset tunnusluvut kansantalouden tilinpidon pohjalta tarkasteltuna (Economic Indicators of the U.S.S.R. Analyzed on the Basis of the National Accounts) p. In Finnish. ISBN (IK) 2/1989 Matti Virén A Note on Interest Rate Policy during the Great Depression p. In English. ISBN (TU) 3/1989 Erkki Koskela Matti Virén International Differences in Saving Rates and the Life Cycle Hypothesis: A Comment p. In English. ISBN (TU) 4 4/1989 Sampo Alhonsuo Rahoitus- ja pankkitoiminnan tehokkuus Suomessa (The Efficiency of Financing and Banking in Finland) p. In Finnish. ISBN (TU) 5/1989 Amy Skolnik The U.S. Canada Free Trade Agreement: A Model for Finland? p. In English. ISBN (KT) 6/1989 Juha Tarkka Alpo Willman Chris-Marie Rasi Labour Supply, Wages and Prices in the BOF4 Quarterly Model of the Finnish Economy p. In English. ISBN (KT) 7/1989 Jarmo Kontulainen Valuuttakurssien määräytyminen yleisen tasapainon mallissa (Determination of Exchange Rates in a General Equilibrium Model) p. In Finnish. ISBN (KP) 8/1989 Esko Sydänmäki Uusprotektionismi (New Protectionism) p. In Finnish. ISBN X. (KP) 9/1989 Juha Tarkka Alpo Willman Hanna-Leena Männistö Consumption and Investment in the BOF4 Quarterly Model of the Finnish Economy p. In English. ISBN (TU) 10/1989 Sampo Alhonsuo Kjell Peter Söderlund Juha Tarkka Joukkovelkakirjalainojen tuotto Suomessa (Return on Bonds in Finland in ) p. In Finnish. ISBN (TU) 11/1989 Pentti Pikkarainen Matti Virén Granger Causality between Money, Output, Prices and Interest Rates: Some Cross-Country Evidence from the Period p. In English. ISBN (TU) 12/1989 Helvi Kinnunen Vaihtotaseen ennakkotietojen arviointi lyhyen aikavälin ennustemenetelmien avulla (Estimation of Preliminary Current Account Figures by Means of Short-Term Forecasting Methods) p. In Finnish. ISBN (VT) 13/1989 Pertti Haaparanta Jarmo Kontulainen Real Exchange Rate as an Unobservable Variable p. In English. ISBN (KT) 14/1989 Matti Virén Saving, Investment and the Current Account: A Review of Recent Evidence p. In English. ISBN (TU) 15/1989 Harri Lahdenperä Informaation vaikutus rahoitusmarkkinoiden toimintaan ja keskuspankkipolitiikan tehokkuuteen katsaus kirjallisuuteen (The Effect of Information on the Efficiency of Central Bank Policy a Survey of the Literature) p. In Finnish. ISBN (KP)

5 5 16/1989 Paavo Peisa Aggregate versus Industry-Specific Sources of Economic Growth and Business Cycle Fluctuations p. In English. ISBN (TU) 17/1989 Timo Tyrväinen Unions, Wages and Employment in Finland p. In English. ISBN (KT) 18/1989 Antti Ilmanen Duraatioanalyysin käyttö joukkovelkakirjan korkoriskin arvioinnissa ja hallinnassa (Use of Duration Analysis in the Estimation and Management of Interest Rate Risk of Bonds) p. In Finnish. ISBN (MO) 19/1989 Matti Virén How Does Domestic and Foreign Money Growth Affect the U.S. Economy? p. In English. ISBN (TU) 20/1989 Matti Virén The Long-Run Relationship between Interest Rates and Inflation: Some Cross-Country Evidence p. In English. ISBN (TU) 21/1989 Erkki Koskela Matti Virén Taxes, Credit Market Imperfections and Inter-Country Differences in the Household Saving Ratio p. In English. ISBN X. (TU) 22/1989 Timo Tyrväinen Why Break Down Centralized Wage Bargaining? p. In English. ISBN (KT) 23/1989 Ari Lahti Matti Virén The Finnish Rational Expectations QMED Model: Estimation, Dynamic Properties and Policy Results p. In English. ISBN (TU) 24/1989 Tapio Peura Uwe Kollster The Development of External Balances in the Nordic Countries p. In English. ISBN (KT) 25/1989 Pertti Haaparanta Jouko Vilmunen Kestokulutushyödykkeiden kysyntä Suomessa (The Demand for Consumer Durables in Finland) p. In Finnish. ISBN (KT) 26/1989 Juha Tarkka Competitive Deposit Rates and Bank Service Charges p. In English. ISBN (TU) 27/1989 Päivi Valkama Suomen talous ja talouspolitiikka : Empiirinen tutkimus (The Finnish Economy and Economic Policy in ) p. In Finnish. ISBN (TU) 28/1989 Kaija-Leena Rikkonen The Optimal Currency Distribution of a Central Bank s Foreign Exchange Reserves p. In English. ISBN (TU) 29/1989 Anne Kerttula Capital Income Taxation and Household Saving p. In English. ISBN (KT) 30/1989 Anne Mikkola Ulkomaisten korkojen vaikutus lyhyeen markkinakorkoon (The Effects of Foreign Interest Rates on the Short-Term Market Rate in Finland) p. In Finnish. ISBN (KT) 31/1989 Matti Virén Currency Substitution, Financial Innovations and Money Demand p. In English. ISBN (TU)

6 6 32/1989 Vesa Vihriälä Rahoituslaitokset rahoitusjärjestelmässä: Katsaus uuteen teoriaan ja eräitä empiirisiä havaintoja (The Financial Institutions in the Financial System: A Survey of New Theoretical Developments and Some Empirical Observations) p. In Finnish. ISBN (TU) 33/1989 Vappu Ikonen Erkki Pihkala Katsaus Suomen rahoitusmarkkinoiden lähteisiin 1860-luvulta nykypäivään: Esitutkimus (A Survey of Sources on Finnish Financial Markets from the 1860s until the Present Day: A Preliminary Study) p. In Finnish. ISBN (TU) 34/1989 Vappu Ikonen Rahoitushistoriallinen bibliografia kirjallisuutta ja tilastoja (A Financial History Bibliography Literature and Statistics p. In Finnish. ISBN (TU) 35/1989 Pekka Sulamaa Matti Virén Examining the Effects of Anticipated Policy Actions: Results with the Finnish Micro-QMED Model p. In English. ISBN X. (TU) 36/1989 Tapio Peura An Assessment of Current Account Imbalance p. In English. ISBN (KT) 37/1989 Ari Lahti Macroeconomic Effects of European Integration on the Finnish Economy; a Simulation Study p. In English. ISBN (KT) 38/1989 Kerstin Heinonen Ahti Huomo IMF:n talousohjelmien viimeaikaisesta kehityksestä (Recent Developments in the IMF s Economic Programmes) p. In Finnish. ISBN (KP) 39/1989 Matti Virén Elinkaarihypoteesi kotitalouksien säästämiskäyttäytymisen selittäjänä (The Life-Cycle Hypothesis as an Explanation of Household Saving Behaviour) p. In Finnish. ISBN (TU) 40/1989 Pertti Haaparanta Jouko Vilmunen Suomen ulkomaisen velan kehitys (Developments in Finland s Foreign Debt, ) p. In Finnish. ISBN (KT)

7 1/1990 Juha Tarkka Alpo Willman Financial Markets in the BOF4 Model of the Finnish Economy p. In English. ISBN (TU) 7 2/1990 Juha Tarkka Hanna-Leena Männistö Alpo Willman Macroeconomic Foundations and Simulation Properties of the BOF4 Quarterly Model of the Finnish Economy p. In English. ISBN (TU) 3/1990 Peter Birch Sörensen Tax Harmonization in the European Community: Problems and Prospects p. In English. ISBN (TU) 4/1990 Peter Birch Sörensen Issues in the Theory of International Tax Coordination p. In English. ISBN X. (TU) 5/1990 Esko Aurikko Floating Exchange Rates and Capital Mobility p. In English. ISBN X. (KP) 6/1990 Pertti Haaparanta Tarja Heinonen Re-Opening of Banks Certificates of Deposit Market p. In English. ISBN (KT) 7/1990 Juha Tarkka Alpo Willman Income Distribution and Government Finances in the BOF4 Model of the Finnish Economy p. In English. ISBN (TU) 8/1990 Camilla Gustavsson Taxation of Personal Interest Income in 18 OECD Countries p. In English. ISBN (TU) 9/1990 Pertti Haaparanta Whether to Join EMS or Not: Signalling and Membership p. In English. ISBN (KT) 10/1990 Tom Kokkola Kontantpenningefterfrågan, betalningsmedel och teknisk utveckling (Demand for Cash, Payment Instruments and Technologial Development) p. In Swedish. ISBN (TU) 11/1990 Erkki Koskela Matti Virén Monetary Policy Reaction Functions and Saving-Investment Correlations: Some Cross-Country Evidence p. In English. ISBN (TU) 12/1990 Erkki Koskela Matti Virén Government Size and Economic Growth: Some Evidence from a Market Price Approach p. In English. ISBN (TU) 13/1990 Esa Jokivuolle Suomalaisten Fox-indeksioptioiden hinnoittelu Monte Carlo -simulointia käyttäen (Pricing of Fox Index Options by Means of Monte Carlo Simulation) p. In Finnish. (ISBN ). (TU) 14/1990 Juhana Hukkinen Suomen vientimenestys Neuvostoliiton markkinoilla (Finland s Export Success in the U.S.S.R. Market in ) p. In Finnish. ISBN (TU) 15/1990 Matti Virén An Analysis of Advance Effects of Anticipated Policy Actions: Recent Results with the Finnish Micro-QMED Model p. In English. ISBN (TU) 16/1990 Erkki Koskela Kotimainen säästäminen, rahoitusmarkkinat ja veropolitiikka (Domestic Saving, Financial Markets and Tax Policy) p. In Finnish. ISBN X. (TU)

8 8 17/1990 Monica Ahlstedt Measuring the Interest Rate and Exchange Rate Risk of a Commercial Bank s Portfolio p. In English. ISBN (RS) 18/1990 Mikko Spolander Euroopan yhdentymisen taloudelliset vaikutukset; mitä tutkimukset kertovat (Economic Effects of European Integration; What Studies Reveal) p. In Finnish. ISBN (KT) 19/1990 Matti Virén A Note on Finnish Property Criminality p. In English. ISBN (TU) 20/1990 Matti Virén McKinnon s Currency Substitution Hypothesis: Some New Evidence p. In English. ISBN (TU) 21/1990 Mart Sõrg Viron rahatalouden kehittämisen strategia (A Strategy for the Development of the Monetary Economy of Estonia) p. In Finnish. ISBN (TU) 22/1990 Markku Malkamäki Kirsti Tanila Elektronisten maksu- ja informaatiojärjestelmien kehitys ja maksutapamuutokset (Developments in Electronic Payment and Information Systems and Changes in Payment Methods) p. In Finnish. ISBN (RM) 23/1990 Johnny Åkerholm Sixten Korkman Sveriges växelkurspolitik i internationell belysning (Sweden s Exchange Rate Policy in International Perspective) p. In Swedish. ISBN (KP) 24/1990 Pasi Holm Seppo Honkapohja Erkki Koskela A Monopoly Union Model of Wage Determination with Taxes and Endogenous Capital Stock: An Empirical Application to the Finnish Manufacturing Industry p. In English. ISBN (TU) 25/1990 Leslie T. Johnson Future Developments and Structural Changes in Retail Banking in Europe: Some Implications for Bank Regulators p. In English. ISBN (RM) 26/1990 Jarmo Kontulainen Olli-Pekka Lehmussaari Antti Suvanto The Finnish Experience of Maintaining a Currency Band in the 1980s p. In English. ISBN (KP) 27/1990 Seppo Kostiainen Christian Starck Does Government and Corporate Saving Influence Household Saving in Finland? p. In English. ISBN (KT) 28/1990 Christian C. Starck The Interest Rate Elasticity of Aggregate Consumption: A Time Varying Parameter Approach p. In English. ISBN X. (KT)

9 9 1/1991 Risto Peltokangas Usean faktorin korkorakennemallit ja immunisaatio (Multifactor Models of the Term Structure and Immunization) p. In Finnish. ISBN (MO) 2/1991 Antti Urvas Volatile Exchange Rates and Speculation Can the Dollar Movements of the 1980s Be Explained? p. In English. ISBN (MO) 3/1991 Mikko Niskanen Velkakirjojen hinnoittelu arbitraasimallissa (Pricing of Debt Instruments in an Arbitrage Model) p. In Finnish. ISBN (MO) 4/1991 Christian C. Starck Specifying a Bayesian Vector Autoregression for Short-Run Macroeconomic Forecasting with an Application to Finland p. In English. ISBN (KT) 5/1991 Tuomas Saarenheimo Rahoitusvirtamallit ja kotitalouksien portfoliovalinta (Financial Flow Models and the Portfolio Choice of Households) p. In Finnish. ISBN (KT) 6/1991 Mart Sõrg Uusimmat kehityspiirteet Viron rahataloudessa (The Latest Developments in the Monetary Economy of Estonia) p. In Finnish. ISBN (TU) 7/1991 Timo Hämäläinen Arto Kovanen International Capital Flows, Deregulation and the Offset Coefficient in Finland, p. In English. ISBN (KT) 8/1991 Matti Suominen Competition in Finnish Banking Two Tests p. In English. ISBN (TU) 9/1991 Seija Lainela Pekka Sutela Yksityistäminen itäisessä Euroopassa (Privatization in Eastern Europe) p. In Finnish. ISBN (IK) 10/1991 Erkki Koskela Matti Virén Household Saving, Interest Rates, Inflation and Taxation: Some Cross-Country Evidence p. In English. ISBN (TU) 11/1991 Marjo Hinkkala Kansainvälisesti liikkuvan pääoman verotuksesta: erityisesti ulkomaisten suorien investointien kannalta (The Taxation of Internationally Mobile Capital, Particularly from the Point of View of Direct Foreign Investment) p. In Finnish. ISBN X. (TU) 12/1991 Eduard Hochreiter Adalbert Knöbl Exchange Rate Policy of Austria and Finland. Two Examples of a Peg p. In English. ISBN (KP) 13/1991 Kari Takala Seppo Kostiainen Timo Hämäläinen Kotitalouksien varallisuuden koostumus, tuotot ja verotus Suomessa vuosina (Composition of Returns on and Taxation of Household Wealth in Finland) p. In Finnish. ISBN (KT) 14/1991 Päivikki Lehto-Sinisalo Valuutansäännöstelyn vuosikymmenet (The History of Exchange Control in Finland) p. In Finnish. ISBN X. (TO) (see also 3/1992) 15/1991 Petri Kiema Ulkomaisten luottojen säätely pääpiirteissään (The Main Features of Foreign Credit Regulation) p. In Finnish. ISBN (TO)

10 016/1991 Timo Tyrväinen Unions, Wages and Employment: Evidence from Finland p. In English. ISBN (TU) 17/1991 Kari Takala Seppo Kostiainen Timo Hämäläinen Kotitalouksien säästämisen mittaaminen ja säästäminen Suomessa vuosina (Measuring Household Saving and Saving in Finland) p. In Finnish. ISBN (KT) 10 18/1991 Jari Eskelinen Vakavaraisuusvaatimusten pankeille aiheuttamat kustannukset (Costs Incurred to Banks by Capital Adequacy Requirements) p. In Finnish. ISBN (TU) 19/1991 Ilmo Pyyhtiä Investment Plans, Innovations and Revision Costs in Finnish Manufacturing p. In English. ISBN (KT) 20/1991 Markku Malkamäki Keskuspankkien rooli kansainvälistyvissä maksujärjestelmissä (The Role of Central Banks in Increasingly International Payments Systems) p. In Finnish. ISBN (RM) 21/1991 Timo Tyrväinen Wage Bargaining and the Wage Drift: Evidence from Finland p. In English. ISBN (TU) 22/1991 Erkki Koskela Heikki A. Loikkanen Matti Virén House Prices, Household Saving and Financial Market Liberalization in Finland p. In English. ISBN (TU) 23/1991 Mikko Kukkonen Teknologia ja kilpailukyky (Technology and Competitiveness) p. In Finnish. ISBN (KT) 24/1991 Pertti Haaparanta Mikko Spolander Policy Asymmetries, Endogenous Market Structure with Multinational Corporations and the Pattern of Commodity Trade p. In English. ISBN (KT) 25/1991 Jaakko Autio Vappu Ikonen Heikki U. Elonen Liikepankkien vaikeudet ja Suomen Pankin tukitoimet (The Difficulties of Commercial Banks and the Bank of Finland s Support Measures, ) p. In Finnish. ISBN (TU) 26/1991 Camilla Gustavsson Risto Herrala Rahoitusvaateiden verotus (Taxation of Financial Assets) p. In Finnish. ISBN X. (TU)

11 11 1/1992 Jaakko Autio Valuuttakurssit Suomessa Katsaus ja tilastosarjat. (Exchange Rates in Finland, Survey and Statistical Series) p. In Finnish. ISBN (TU) 2/1992 Juha Tarkka Johnny Åkerholm Fiscal Federalism and European Monetary Integration p. In English. ISBN (KP) 3/1992 Päivikki Lehto-Sinisalo The History of Exchange Control in Finland p. In English. ISBN (TO) 4/1992 Erkki Koskela Matti Virén Inflation, Capital Markets and Household Saving in Nordic Countries p. In English. ISBN (TU) 5/1992 Arto Kovanen International Capital Flows in Finland, : The Role of Expectations p. In English. ISBN (KT) 6/1992 Ilmo Pyyhtiä Investointien kohdentuminen Suomessa (Allocation of Investments in Finland) p. In Finnish. ISBN (KT) 7/1992 Margus Hanson Eesti Pank ja Viron rahajärjestelmä ja 1930-luvulla (Eesti Pank and the Monetary System of Estonia in the 1920s and 1930s) p. In Finnish. ISBN (TU) 8/1992 Markku Malkamäki Estimating Conditional Betas and the Price of Risk for a Thin Stock Market p. In English. ISBN (TU) 9/1992 Markku Malkamäki Conditional Betas and the Price of Risk in a Thin Asset Market: A Sensitivity Analysis p. In English. ISBN (TU) 10/1992 Christian Starck Keskuspankkien riippumattomuus kansainvälinen vertailu (The Independence of Central Banks an International Comparison) p. In Finnish. ISBN (KP) 11/1992 Juha Tarkka Tax on Interest and the Pricing of Personal Demand Deposits p. In English. ISBN (TU) 12/1992 Terhi Kivilahti Jyri Svanborg Merja Tekoniemi Itä-Euroopan maiden valuuttojen vaihdettavuudesta (Currency Convertibility in Eastern Europe). 45 p. In Finnish. ISBN (IT) 13/1992 Heikki Koskenkylä Norjan pankkikriisi ja vertailua Suomen pankkeihin (The Bank Crisis in Norway and a Comparison with Finnish Banks) p. In Finnish. ISBN X. (TU) 14/1992 Tom Kokkola An International Bibliography of Payment Instruments and Systems Literature for the Years p. In English. ISBN (RM) 15/1992 Paavo Peisa Kari Takala Selviämmekö lamasta ehjin nahoin? Bruttokansantuotteen rakennemallien estimointituloksia (Are We Going to Survive of the Recession Unmarred? Estimation Results of Structural Models of GDP) p. In Finnish. ISBN (KT)

12 16/1992 Markku Malkamäki Cointegration and Causality of Stock Markets in Two Small Open Economies and Their Major Trading Partner Nations p. In English. ISBN (TU) 17/1992 T.R.G. Bingham The Ecu and Reserve Management p. In English. ISBN (KP) 12 18/1992 Kari Takala Työttömyyden ennustaminen lyhyellä aikavälillä (Forecasting Unemployment in the Short Term) p. In Finnish. ISBN (KT) 19/1992 Anne Turkkila Suomalaisten pankkien kansainvälistyminen (Internationalization of Finnish Banks) p. In Finnish. ISBN (TU) 20/1992 Bent Christiansen Már Gudmundsson Olli-Pekka Lehmussaari Christina Lindenius Sigurd Simonsen Christian Starck Johnny Åkerholm De nordiska centralbankerna i det framtida Europa (The Nordic Central Banks in Future Europe) p. In Swedish. ISBN (KP) (see also 24/1992) 21/1992 Paavo Peisa Heikki Solttila Pankkikriisi yritysaineiston valossa (The Banking Crisis on the Basis of Panel Data at Firm Level) p. In Finnish. ISBN (RM) 22/1992 Timo Tyrväinen Wage Setting, Taxes and Demand for Labour: Multivariate Analysis of the Cointegrating Relations p. In English. ISBN (TU) 23/1992 Timo Tyrväinen Tax Incidence in Union Models p. In English. ISBN (TU) 24/1992 Bent Christiansen Már Gudmundsson Olli-Pekka Lehmussaari Christina Lindenius Sigurd Simonsen Christian Starck Johnny Åkerholm Pohjoismaiden keskuspankit tulevassa Euroopassa (The Nordic Central Banks in Future Europe) p. In Finnish. ISBN X. (KP) (see also 20/1992) 25/1992 Christian Starck Matti Virén Bankruptcies and Aggregate Economic Fluctuations p. In English. ISBN (TU) 26/1992 Amos Golan Moshe Kim Maximum Entropy and the Existence of Consistent Aggregates: An Application to U.S. Banking p. In English. ISBN (TU) 27/1992 Antti Suvanto Pricing Decisions and the Position Constraint in Foreign Exchange Dealing p. In English. ISBN X. (KP) 28/1992 Heikki Solttila Vesa Vihriälä Pankkien vakavaraisuus ja luotontarjonta (Banks Solvency and Credit Supply p. In Finnish. ISBN (RM) 29/1992 Jukka Vesala Incomplete Exchange Rate Pass-Through and Hysteresis in Trade. A Survey of Recent Theories and an Empirical Study of Export Pricing of Finnish Paper Manufactures p. In English. ISBN (TU) 30/1992 Jaakko Autio Lama ja raha. Suomen luopuminen kultakannasta vuonna 1931 (The Depression and Money: Finland s Abandonment of the Gold Standard in 1931) p. In Finnish. ISBN (TU)

13 31/1992 Markku Malkamäki Conditional Risk and Predictability of Finnish Stock Returns p. In English. ISBN (TU) 13 32/1992 Anu Müürsepp Viron maksujärjestelmä ja sen kehittämistarpeet (The Estonian Payment System and the Need to Develop It) p. In Finnish. ISBN (TU) 33/1992 Timo Tähtinen Uudistumassa oleva pääomatulojen verotus muuttaa huomattavasti yrityksen rahoituskustannuksia ja investointien tuottovaatimuksia (The Reform of Capital Income Taxation and Its Implications for Financing Costs and the Required Return on Investment) p. In Finnish. ISBN (KT) 34/1992 Jorma Hilpinen Yrityskyselyt maksutasetilaston laadinnassa (The Use of Business Surveys in the Compilation of Balance of Payments Statistics) p. In Finnish. ISBN (TO) 35/1992 Timo Tyrväinen Wage Drift and Error Correction: Evidence from Finland In English. ISBN (TU) 36/1992 Seppo Honkapohja Pentti Pikkarainen Country Characteristics and the Choice of the Exchange Rate Regime: Are Mini-Skirts Followed by Maxis? p. In English. ISBN (KP) 37/1992 Olli-Pekka Lehmussaari Antti Suvanto Laura Vajanne The Currency Band and Credibility: the Finnish Experience p. In English. ISBN (KP) 38/1992 Juha Savela Pankkien taseen ulkopuolisen toiminnan rakenne ja kehitys vuosina (The Structure and Development of Banks Off-Balance Sheet Actitivities, ) p. In Finnish. ISBN X. (RM) 39/1992 Anne Brunila Yritysten velkaantuminen, luottolama ja talouden kasvu (The Rise in Companies Indebtedness, Credit Crunch and Economic Growth) p. In English. ISBN (KT) 40/1992 Ahti Huomo Olli-Pekka Lehmussaari EMU:n vaikutus talouspolitiikkaan ja sen työnjakoon Suomessa (Economic and Monetary Union and Its Implications for the Conduct of Economic Policy in Finland) p. In Finnish. ISBN (KP) 41/1992 Kirsi Huurinainen Vakuutusyhtiöiden ja sijoitusrahastojen merkitys arvopaperimarkkinoilla (The Importance of Insurance Companies and Unit Trusts in the Securities Market) p. In Finnish. ISBN (RM) 42/1992 Ragni Bärlund Finland s Balance of Payments, p. In English. ISBN (TU) 43/1992 Anne Brunila Heikki Hatanpää Helvi Kinnunen Valuuttavelan kasvu ja devalvoitumisen kustannukset (The Rise in Foreign Currency Debt and the Costs of Devaluation) p. In Finnish. ISBN (KT)

14 14 1/1993 Shumin Huang Determinants of Country Creditworthiness: An Empirical Investigation, p. ISBN (TU) 2/1993 Rami Hakola Pääoma- ja yritysverouudistuksen vaikutukset teollisuuden rahoitusrakenteeseen (The Effects of Capital and Corporate Tax Reform on Industry s Capital Structure) p. ISBN (KT) 3/1993 Pentti Forsman Pertti Haaparanta Tarja Heinonen Waste Paper Recycling and the Structure of Forest Industry p. ISBN (KT) 4/1993 Risto Murto Pankkiluottojen hinnoittelu vuosina : Mikä meni vikaan? (Pricing of Bank Credits in : What Went Wrong?) p. ISBN (RM) 5/1993 Johanna Pensala Heikki Solttila Pankkien järjestämättömät saamiset ja luottotappiot vuonna 1992 (Banks Non- Performing Assets and Loan Losses in 1992) p. ISBN (RM) (see also 10/1993) 6/1993 Harri Hasko Valuuttakauppojen netotus ja riskien hallinta (Netting of foreign exchange deals and risk management) p. ISBN X. (TU) 7/1993 Jon Hirvilahti Ensimmäisestä maailmansodasta toiseen kultakantaan. Katsaus kelluvien valuuttakurssien ajanjaksoon vuosina (From World War I to the Second Gold Standard. A Survey of the Period of Floating Exchange Rates, ) p. ISBN (TU) 8/1993 Peter Nyberg Vesa Vihriälä The Finnish Banking Crisis and Its Handling p. ISBN (RM) 9/1993 Anne Brunila Kari Takala Private Indebtedness and the Banking Crisis in Finland p. ISBN X. (KT) 10/1993 Johanna Pensala Heikki Solttila Banks Nonperforming Assets and Write-Offs in p. ISBN (RM) (see also 5/1993) 11/1993 Sinimaaria Ranki The ECU as the Future Currency of Financial Transactions p. ISBN (KP) 12/1993 Matti Suominen Fixed Rate Loan Contracts, Maturity Transformation and Competition in the Deposit Market p. ISBN (TU) 13/1993 Esko Sydänmäki EY:n instituutiot (EC Institutions) p. ISBN (KP) 14/1993 Harri Kuussaari Productive Efficiency in Finnish Local Banking During p. ISBN (TU) 15/1993 Kari Takala Matti Virén Testing Nonlinearities with Finnish Historical Time Series p. ISBN (TU) 16/1993 Risto Murto Timo Eirola Risky Debt, Bad Bank and Government p. ISBN (TU)

15 1/1994 Juha Tarkka Implicit Interest as Price Discrimination in the Bank Deposit Market p. ISBN X. (TU) 2/1994 Airi Heikkilä Selvitys suorista sijoituksista Suomeen (Foreign Direct Investment in Finland) p. ISBN (TU) 3/1994 Erkki Koskela Jouko Vilmunen Tax Progression is Good for Employment in Popular Models of Trade Union Behaviour p. ISBN (TU) 4/1994 Anne Brunila Investment and Financing Considerations: Evidence from Finnish Panel Data p. ISBN (KT) 5/1994 Jarmo Kontulainen Jouko Vilmunen Viewpoints on Three Assessments of Finland s Economic Crisis and Economic Policy p. ISBN (RP) 6/1994 Pia Ahlqvist Käteisrahan kysyntä Suomessa 1992 (The Demand for Cash in Finland in 1992) p. ISBN (TU) 15 7/1994 Peter Nyberg Vesa Vihriälä The Finnish Banking Crisis and Its Handling (an update of developments through 1993) p. ISBN X. (RM) 8/1994 Martin Dufwenberg Heikki Koskenkylä Jan Södersten Manufacturing Investment and Taxation in the Nordic Countries p. ISBN (TU) 9/1994 Paavo Peisa Työn tuottavuuden kasvu toimialojen kokemusten valossa (A Sectoral Analysis of the Rise in Labour Productivity) p. ISBN (KT) 10/1994 Lauri Kajanoja Spekulatiivisten hyökkäysten teoria ja paineet Suomen markan kurssia kohtaan (The Theory of Speculative Attacks and Pressures against the Markka s Exchange Rate in ) p. ISBN (KT) 11/1994 Kari Takala Matti Virén Chaos and Nonlinear Dynamics: Evidence from Finland p. ISBN (TU) 12/1994 Aija Salomaa Suorien sijoitusten uudelleen sijoitettujen voittojen seuranta ja ennustaminen (Monitoring and Forecasting Reinvested Earnings from Direct Investment) p. ISBN (TP) 13/1994 Risto Murto Nonlinear Dynamics of Speculative Attacks on the Finnish Markka, p. ISBN (TU) 14/1994 Ilmo Pyyhtiä Investment Plans, Innovations and Credit Market Deregulation. Empirical results with the Finnish data p. ISBN (KT) 15/1994 Taru Lehto The Level of a Central Bank s International Reserves: Theory and Cross-Country Analysis p. ISBN (TU)

16 16/1994 Heikki Koskenkylä Jukka Vesala Finnish Deposit Banks : Years of Rapid Growth and Crisis p. ISBN (TU) 17/1994 Erkki Koskela Jouko Vilmunen Monopoly Unions, Corporatism and Optimal Structure of Labour Taxation p. ISBN (TU) 18/1994 Juha Tarkka Risk Sharing in the Pricing of Payment Services by Banks p. ISBN X. (TU) 19/1994 Pekka Hietala Esa Jokivuolle Yrjö Koskinen Short-Selling Restrictions, Strategic Stock Holdings and Index Futures Markets in Finland p. ISBN (TU) 16 20/1994 Heikki Koskenkylä Pohjoismaiden pankkien tilanne vuonna 1994 (The Financial Condition of the Nordic Banks in 1994) p. ISBN (RM) 21/1994 Mika Kuismanen Mikko Spolander Measuring Inflation Expectations in Finland A Survey Data Approach p. ISBN (KT) 22/1994 Eelis Hein Johdannaismarkkinoiden toiminta ja riskit (Derivatives Markets: Activities and Risks) p. ISBN (RM) 23/1994 Heikki Solttila Vesa Vihriälä Finnish Banks Problem Assets: Result of Unfortunate Asset Structure or Too Rapid Growth? p. ISBN X. (TU) 24/1994 Mikko Spolander The Indicator of Underlying Inflation: Basic Idea and Use p. ISBN (KT) 25/1994 Risto Herrala Pankkisektorin tuloskehitystä seuraava ja ennustava malli (A Model for Monitoring and Forecasting the Financial Results of the Banking Sector) p. ISBN (TU)

17 17 1/1995 Olavi Rantala Valuuttakurssimuutosten vaikutus yritysten kannattavuuteen (Effects of Exchange Rate Changes on Corporate Profitability) p. ISBN (KT) 2/1995 Liselotte Høj Fundamental Equilibrium Exchange Rate A Case Study of the Finnish Markka p. ISBN (TU) 3/1995 Jean-Marie Viaene Itzhak Zilcha Multiple Uncertainty, Forward-Futures Markets and International Trade p. ISBN (TU) 4/1995 Jorma Hilpinen Analysis on the Errors and Omissions in the Finnish Balance of Payments: Restless Capital Movements, Floating Exchange Rate and Errors Since p. ISBN (TP) 5/1995 Juhana Hukkinen Matti Virén Assessing the Performance of a Macroeconomic Model p. ISBN (TU) 6/1995 Tuomas Saarenheimo Credit Crunch Caused Investment Slump? An Empirical Analysis Using Finnish Data p. ISBN (KT) 7/1995 Sinimaaria Ranki On the Role of the Single Currency ECU p. ISBN (TU) 8/1995 Juhana Hukkinen Erkki Koskela Voidaanko Suomen pitkien korkojen tasoa selittää talouden perustekijöillä, vai onko kyse jostain muusta? (Can the Level of Long-Term Interest Rates in Finland Be Explained by Economic Fundamentals, or Must an Explanation Be Sought Somewhere Else?) p. ISBN (KT) 9/1995 Kari Takala Matti Virén Testing Nonlinear Dynamics, Long Memory and Chaotic Behaviour with Macroeconomic Data p. ISBN (TU) 10/1995 Lauri Kajanoja Aggregate Investment and Corporate Indebtedness: Some Empirical Evidence from Finland p. ISBN X. (KT) 11/1995 Kari Takala The Interest Rate Sensitivity of Output in Finland p. ISBN (KT) 12/1995 Timo Tyrväinen Wage Determination in the Long Run, Real Wage Resistance and Unemployment: Multivariate Analysis of Cointegrating Relations in 10 OECD Economies p. ISBN (KT) 13/1995 Eddie George Inflation Targeting in the UK Monetary Policy Framework p. ISBN X. (TIE) 14/1995 Risto Murto The Banking Crisis, Banking Policy Regimes and the Value of a Bank p. ISBN (TU) 15/1995 Kari Takala Permanent Income Hypothesis and Saving in Finland p. ISBN (KT) 16/1995 Heikki Koskenkylä Jaana Rantama Pankkien korkomarginaalit ja korkokatteet Pohjoismaissa (Banks Interest Rate Margins and Net Interest Income in the Nordic Countries) p. ISBN (RM) 17/1995 Mika Kuismanen Exchange Rates and Import Prices in Finland: Estimation of Exchange Rate Pass-Through p. ISBN (KT)

18 18 18/1995 Johnny Åkerholm Timo Hämäläinen Mika Kuismanen Employment and the Structure of the Finnish Economy. A Model for Evaluating Scenarios p. ISBN (KT) 19/1995 Kaare G. Andersen Inflation Targeting: Analyzing Indicators of Inflation in Finland p. ISBN (KT) 20/1995 Kari Takala The Consumption Function Revisited: An Error-Correction Model for Finnish Consumption p. ISBN (KT) 21/1995 Jouni Timonen Nominal Income as an Intermediate Target for Monetary Policy p. ISBN (RP) 22/1995 Maaria Kettunen Korkojen aikarakenne, inflaatio-odotukset ja inflaatio (Term Structure of Interest Rates, Inflation Expectations and Inflation) p. ISBN (RP) 23/1995 Dan Kovenock Casper G. de Vries Fiat Exchange in Finite Economies p. ISBN (TU) 24/1995 Antti Ripatti Leading Inflation Indicators in Finland: Pairwise Analysis of Granger-Causality and Cointegration p. ISBN X. (RP) 25/1995 Jorma Hilpinen Compilation of Early Warning Indicators for Foreign Trade Employing a Cut-Off Survey p. ISBN (TP) 26/1995 Vappu Ikonen Suomen Pankin kotimainen luotonanto (The Bank of Finland s Domestic Lending, ) p. ISBN (TU) 27/1995 Kaare Guttorm Andersen Hanna-Leena Männistö Output Gaps and the Government Budget Balance: The Case of Finland p. ISBN (KT) 28/1995 Kari Takala Matti Virén Bankruptcies, Indebtedness and the Credit Crunch p. ISBN (TU) 29/1995 Tuomas Saarenheimo The Equilibrium Exchange Rate for the Finnish Markka p. ISBN (KT) 30/1995 Erja Saukkonen Default Risk on Finnish Government Foreign Currency Debt p. ISBN (RM) 31/1995 Marianne Palva Jyri Marviala Suomen Pankin sekkitilijärjestelmä nykytilanne ja tulevaisuuden haasteita (The Bank of Finland s real-time gross settlement system: present situation and future challenges). 24 p (RM) 32/1995 Antti Ripatti Jouko Vilmunen Relative Prices and Monetary Policy Information Variables: Long Run Evidence From Finland p. ISBN (RP) 33/1995 Pentti Junninen Luottolaitoksen omaisuuserien markkina-arvoihin perustuva tilinpäätös (Use of Market Values in the Valuation of Assets Items in Credit Institution s Financial Statements) p. ISBN (LA)

19 19 34/1995 Carolina Sierimo Matti Virén Financial Factors and the Macroeconomy p. ISBN (TU) 35/1995 Mikko Spolander Kari Takala Ulkomaisen inflaation välittyminen kotimaiseen inflaatioon (The Spillover of Foreign Inflation into Finnish Inflation) p. ISBN (KT) 36/1995 Johanna Hartikainen Dynamic Effects of Demand and Supply Disturbances on the Finnish Economy: Did Liberalization of Capital Movements Matter? p. ISBN (TU) 37/1995 Monica Ahlstedt Valuuttakurssien ja korkojen tilastollisista jakaumista (Statistical Distribution of Exchange Rates and Interest Rates) p. ISBN (TU)