Peer-reviewed research

An objective of BOFIT’s research activity is to publish research results in the field’s international journals. The list of peer-reviewed articles demonstrates how research activity has strengthened since 1999, when the BOFIT Discussion Papers series was established. The series’ annual archives contain information on all discussion papers published as peer-reviewed articles.


2023

Fungáčová, Zuzana; Schoors, Koen ; Solanko, Laura; Weill, Laurent
Staying on top: Political cycles in private bank lending
Published: Journal of Comparative Economics 31.8.2023
Fungáčová, Zuzana; Karas, Alexei; Solanko, Laura; Weill, Laurent
The Politics of Bank Failures in Russia
Published: Post-Soviet Affairs 19.5.2023
Breitenlechner, Max; Nuutilainen, Riikka
China’s Monetary Policy and the Loan Market: How Strong is the Credit Channel in China?
Published: Open Economies Review 10.1.2023

2022

Herrala, Risto; Turk Ariss, Rima
Debt limits and monetary policy during the euro area crisis
Published: Applied Economics 11.10.2022
Fungáčová, Zuzana; Kerola, Eeva; Weill, Laurent
Does Experience of Banking Crises Affect Trust in Banks?
Published: Journal of Financial Services Research 2.10.2022
Fungáčová, Zuzana; Kerola, Eeva; Weill, Laurent
Does Bank Efficiency Affect the Bank Lending Channel in China?
Published: Emerging Markets Review 19.9.2022
Korhonen, Iikka; Simola, Heli
How Important Are Russia's External Economic Links?
Published: Asian Economic Papers 9.5.2022
Davydov, Denis; Sihvonen, Jukka; Solanko, Laura
Who cares about sanctions? Observations from annual reports of European firms
Published: Post-Soviet Affairs 11.3.2022

2021

Fungáčová, Zuzana; Turk, Rima; Weill, Laurent
High Liquidity Creation and Bank Failures
Published: Journal of Financial Stability 10.9.2021
Faryna, Oleksandr; Simola, Heli
The Transmission of International Shocks to CIS Economies: A Global VAR Approach
Published: Economic Systems 22.6.2021
Herrala, Risto; Orlandi, Fabrice
Win-Win? Assessing the global impact of the Chinese economy
Published: Asia & Global Economy 15.6.2021
Herrala, Risto
Can China Be Less Dependent on Exports?
Online First: The New Chinese Dream : Industrial Transition in the Post-Pandemic Era 29.5.2021
He, Qing; Korhonen, Iikka; Qian, Zongxin
Monetary policy transmission with two exchange rates and a single currency : The Chinese experience
Published: International Review of Economics & Finance 20.4.2021
Kauko, Karlo
The Vanishing Interest Income of Chinese Banks
Published: Asian Economic Papers 11.2.2021

2020

Fungáčová, Zuzana; Godlewski, Christophe; Weill, Laurent
Does the Type of Debt Matter? Stock Market Perception in Europe
Published: Quarterly Review of Economics and Finance 18.3.2020
Fungáčová, Zuzana; Klein, Paul-Olivier; Weill, Laurent
Persistent and Transient Inefficiency : Explaining the Low Efficiency of Chinese Big Banks
Published: China Economic Review 15.2.2020

2019

Fungáčová, Zuzana; Hasan, Iftekhar; Solanko, Laura; Wachtel, Paul
Banking in the Transition Countries of Central, Southern, and Eastern Europe and the Former Soviet Union
Published: The Oxford Handbook of Banking (3 ed.) 15.10.2019
Fungáčová, Zuzana; Määttä, Ilari; Weill, Laurent
Corruption in China: What Shapes Social Attitudes Toward It?
Published: Comparative Economic Studies 15.9.2019
Kerola, Eeva
In search of Fluctuations : Another Look at China's Incredibly Stable GDP Growth Rates
Published: Comparative Economic Studies 1.9.2019
Korhonen, Iikka
Forty Years of Chinese Reforms: An Overview
Published: Comparative Economic Studies 26.8.2019
Mikosch, Heiner; Solanko, Laura
Forecasting Quarterly Russian GDP Growth with Mixed-Frequency Data
Published: Russian Journal of Money and Finance 15.3.2019
Fungáčová, Zuzana; Hasan, Iftekhar; Weill, Laurent
Trust in Banks
Published: Journal of Economic Behavior and Organization 15.1.2019

2018

Solanko, Laura
Russian monetary and fiscal policies in 2014–2018
Published: Putin's Russia : Past Imperfect, Future Uncertain (Seventh Edition) 15.12.2018
Campos, Nauro F.; Fidrmuc, Jarko; Korhonen, Iikka
Business cycle synchronisation and currency unions: A review of the econometric evidence using meta-analysis
Published: International Review of Financial Analysis 28.11.2018
Berglund, Tom; Mäkinen, Mikko
Do Banks Learn from Financial Crisis? The Experience of Nordic Banks
Published: Research in International Business and Finance 13.9.2018
Fidrmuc, Jarko; Korhonen, Iikka
Meta-analysis of Chinese business cycle correlation
Published: Pacific Economic Review 3.8.2018
Simola, Heli
Chinese Services Gaining Significance in Global Production Chains
Published: Asian Economic Papers 21.6.2018
Mäkinen, Mikko; Solanko, Laura
Determinants of Bank Closures: Do Levels or Changes of CAMEL Variables Matter?
Published: Russian Journal of Money and Finance 15.6.2018
Fungáčová, Zuzana; Weill, Laurent
Trusting Banks in China
Published: Pacific Economic Review 26.4.2018
Simola, Heli; Comunale, Mariarosaria
The pass-through to consumer prices in CIS economies: The role of exchange rates, commodities and other common factors
Published: Research in International Business and Finance 18.4.2018
Davydov, Denis; Fungáčová, Zuzana; Weill, Laurent
Cyclicality of Bank Liquidity Creation
Published: Journal of International Financial Markets, Institutions and Money 23.2.2018
Fung, K.C.; Aminiam, Nathalie; Fu, Maggie; Korhonen, Iikka
Internationalization of the use of Chinese currency: perspectives from the new and the Ancient Silk Roads
Published: Journal of Chinese Economic and Business Studies 15.1.2018

2017

Nuutilainen, Riikka; Korhonen, Iikka
Breaking monetary policy rules in Russia
Published: Russian Journal of Economics 30.12.2017
Stern, Caroline; Mäkinen, Mikko; Qian, Zongxin
FinTechs in China – with a special focus on peer to peer lending
Published: Journal of Chinese Economic and Foreign Trade Studies 15.10.2017
Fungáčová, Zuzana; Weill, Laurent
Banking competition in China
Published: Handbook of Competition in Banking and Finance 30.9.2017
Fungáčová, Zuzana; Shamshur, Anastasiya; Weill, Laurent
Does Bank Competition Reduce Cost of Credit? Cross-country Evidence from Europe
Published: Journal of Banking and Finance 15.7.2017
Leppänen, Simo; Solanko, Laura; Kosonen, Riitta
The Impact of Climate Change on Regional Government Expenditures: Evidence from Russia
Published: Environmental and Resource Economics 5.5.2017
Jones, Derek C.; Kalmi, Panu; Kato, Takao; Mäkinen, Mikko
Complementarities between employee involvement and financial participation: do institutional context, differing measures, and empirical methods matter?
Published: Industrial and Labor Relations Review 1.3.2017
Fungáčová, Zuzana; Weill, Laurent; Zhou, Mingming
Bank Capital, Liquidity Creation and Deposit Insurance
Published: Journal of Financial Services Research 21.1.2017

2016

Eller, Markus; Fidrmuc, Jarko; Fungáčová, Zuzana
Fiscal Policy and Regional Output Volatility: Evidence from Russia
Published: Regional Studies 2.9.2016
Fungáčová, Zuzana; Nuutilainen, Riikka; Weill, Laurent
Reserve Requirements and the Bank Lending Channel in China
Published: Journal of Macroeconomics 27.8.2016
Herrala, Risto; Turk-Ariss, Rima
Capital accumulation in a politically unstable region
Published: Journal of International Money and Finance 7.6.2016
Fungáčová, Zuzana; Weill, Laurent
Determinants of Financial Inclusion in Asia
Published: Financial Inclusion in Asia: Issues and Policy Concerns 31.3.2016
He, Qing; Korhonen, Iikka; Guo, Junjie; Liu, Fangge
The Geographic Distribution of International Currencies and RMB internationalization
Published: International Review of Economics & Finance 15.3.2016
Korhonen, Iikka; Peresetsky, Anatoly
What Influences Stock Market Behavior in Russia and Other Emerging Countries?
Published: Emerging Markets Finance and Trade 1.3.2016

2015

Belousova, Veronika; Goel, Rajeev K.; Korhonen, Iikka
Corruption perceptions versus corruption incidence: Competition for rents across Russian regions
Published: Journal of Economics and Finance 27.12.2015
Simola, Heli
Tracing Trade Interdependence between EU and East Asia
Published: Global Economic Review 12.11.2015
Nuutilainen, Riikka
Contemporary Monetary Policy in China: An Empirical Assessment
Published: Pacific Economic Review 18.8.2015
Herrala, Risto; Jia, Yandong
Toward state capitalism in China?
Published: Asian Economic Papers 15.6.2015
Fungáčová, Zuzana; Weill, Laurent
Understanding Financial Inclusion in China
Published: China Economic Review 10.6.2015
Fidrmuc, Jarko; Fungáčová, Zuzana; Weill, Laurent
Does Bank Liquidity Creation Contribute to Economic Growth? Evidence from Russia
Published: Open Economies Review 30.4.2015
Fungáčová, Zuzana; Kochanova, Anna; Weill, Laurent
Does Money Buy Credit? Firm-Level Evidence on Bribery and Bank Debt
Published: World Development 27.4.2015

2014

Fidrmuc, Jarko; Korhonen, Iikka; Poměnková, Jitka
Wavelet spectrum analysis of business cycles of China and G7 countries
Published: Applied Economics Letters 18.12.2014
Fungáčová, Zuzana; Solanko, Laura; Weill, Laurent
Does Competition Influence the Bank Lending Channel in the Euro Area?
Published: Journal of Banking and Finance 11.7.2014
Korhonen, Iikka; Ritola, Maria
An Empirical Note on the Success of Forecasting Economic Developments in Major Emerging Markets
Published: Asian Economic Papers 20.2.2014
Cheung, Yin-Wong; Herrala, Risto
China's Capital Controls: Through the prism of covered interest differentials
Published: Pacific Economic Review 19.2.2014
Feldkircher, Martin; Korhonen, Iikka
The Rise of China and Its Implications for the Global Economy: Evidence from a Global Vector Autoregressive Model
Published: Pacific Economic Review 19.2.2014

2013

Fungáčová, Zuzana; Pessarossi, Pierre; Weill, Laurent
Is Bank Competition Detrimental to Efficiency? Evidence from China
Published: China Economic Review 13.12.2013
Goel, Rajeev K.; Herrala, Risto; Mazhar, Ummad
Institutional Quality and Environmental Pollution: MENA Countries versus Rest of the World
Published: Economic Systems 4.12.2013
Rautava, Jouko
Oil Prices, Excess Uncertainty and Trend Growth, A forecasting Model for Russia's Economy
Published: Focus on European Economic Integration 2.12.2013
Fungáčová, Zuzana; Jakubik, Petr
Bank Stress Tests as an Information Device for Emerging Markets: The Case of Russia
Published: Czech Journal of Economics and Finance 16.10.2013
Fidrmuc, Jarko; Korhonen, Iikka; Bátorová, Ivana
China in the World Economy: Dynamic Correlation Analysis of Business Cycles
Published: CESifo Economic Studies 15.6.2013
Herrala, Risto; Fungáčová, Zuzana; Weill, Laurent
The Influence of Bank Ownership on Credit Supply: Evidence from the Recent Financial Crisis
Published: Emerging Markets Review 14.6.2013
Pyle, William; Solanko, Laura
The composition and interests of Russia’s business lobbies: testing Olson’s hypothesis of the “encompassing organization”
Published: Public Choice 1.4.2013
Fungáčová, Zuzana; Weill, Laurent
Does Competition Influence Bank Failures? Evidence from Russia
Published: Economics of Transition 15.3.2013
Mehrotra, Aaron; Nuutilainen, Riikka; Pääkkönen, Jenni
Changing Economic Structures and Impacts of Shocks: Evidence from a Dynamic Stochastic General Equilibrium Model for China
Published: Pacific Economic Review 3.2.2013

2012

Leppänen, Simo; Linden, Mika; Solanko, Laura
Firms, Public Good Provision and Institutional Uncertainty: Evidence from Russia
Published: Economic Systems 20.8.2012
Fungáčová, Zuzana; Weill, Laurent
Bank Liquidity Creation in Russia
Published: Eurasian Geography and Economics 26.4.2012

2011

Fungáčová, Zuzana; Hanousek, Jan
Determinants of Firm Delisting on the Prague Stock Exchange
Published: Prague Economic Papers 30.12.2011
Godlewski, Christophe J.; Fungáčová, Zuzana; Weill, Laurent
Stock Market Reaction to Debt Financing Arrangements in Russia
Published: Comparative Economic Studies 13.10.2011
Korhonen, Iikka; Ritola, Maria
Renminbi Misaligned — Results from Meta-Regressions
Published: Asia and China in the Global Economy 15.7.2011
Fungáčová, Zuzana; Poghosyan, Tigran
Determinants of Bank Interest Margins in Russia: Does Bank Ownership Matter?
Published: Economic Systems 24.6.2011
Goel, Rajeev K.; Korhonen, Iikka
Exports and Cross-National Corruption: A Disaggregated Examination
Published: Economic Systems 11.3.2011
Solanko, Laura
Sähköreformi puri Venäjällä
Published: Idäntutkimus 9.3.2011
Juurikkala, Tuuli; Karas, Alexei; Solanko, Laura
The Role of Banks in Monetary Policy Transmission: Empirical Evidence from Russia
Published: Review of International Economics 15.2.2011
Fungáčová, Zuzana; Godlewski, Christophe J.; Weill, Laurent
Asymmetric Information and Loan Spreads in Russia: Evidence from Syndicated Loans
Published: Eastern European Economics 21.1.2011

2010

Fungáčová, Zuzana; Solanko, Laura
Насколько российские банки преуспели в финансовом посредничестве?
Published: Journal of the New Economic Association 1.11.2010
Korhonen, Iikka; Mehrotra, Aaron
Money Demand in Post-Crisis Russia: Dedollarization and Remonetization
Published: Emerging Markets Finance and Trade 1.4.2010
Fidrmuc, Jarko; Korhonen, Iikka
The Impact of the Global Financial Crisis on Business Cycles in Asian Emerging Economies
Published: Journal of Asian Economics 1.4.2010
Korhonen, Iikka; Ledyaeva, Svetlana
Trade linkages and macroeconomic effects of the price of oil
Published: Energy Economics 1.4.2010
Leppänen, Simo; Solanko, Laura
Tuotantoriskit ja yritysten sopeutuminen Venäjällä
Published: Idäntutkimus 1.4.2010
Fungáčová, Zuzana; Solanko, Laura; Weill, Laurent
Market Power in the Russian Banking Industry
Published: International Economics 5.3.2010

2009

Fung, K C; Korhonen, Iikka; Li, Ke; Ng, Francis
China and Central and Eastern European Countries: Regional Networks, Global Supply Chain or International Competitors?
Published: Journal of Economic Integration 15.9.2009
Koivu, Tuuli; Mehrotra, Aaron; Nuutilainen, Riikka
An analysis of Chinese money and prices using a McCallum-type rule
Published: Journal of Chinese Economic and Business Studies 1.7.2009
Kaaresvirta, Juuso; Mehrotra, Aaron
Business surveys and inflation forecasting in China
Published: Economic Change and Restructuring 1.7.2009
Korhonen, Iikka; Juurikkala, Tuuli
Equilibrium exchange rates in oil-exporting countries
Published: Journal of Economics and Finance 1.7.2009
Solanko, Laura; Fungáčová, Zuzana
Risk-taking by Russian Banks: Do Location, Ownership and Size Matter?
Published: HSE Economic Journal 1.7.2009
Solanko, Laura; Sutela, Pekka
Too much or too little Russian gas for Europe?
Published: Eurasian Geography and Economics 1.7.2009

2008

Mehrotra, Aaron; Rautava, Jouko
Do sentiment indicators help to assess and predict actual developments of the Chinese economy?
Published: Journal of Chinese Economic and Business Studies 15.12.2008
Solanko, Laura
Unequal fortunes: a note on income convergence across Russian regions
Published: Post-Communist Economies 1.7.2008

2007

Ollus, Simon-Erik; Simola, Heli
Russia's True Imports?
Published: HSE Economic Journal 1.7.2007

2006

Mayes, David; Korhonen, Vesa
The CIS: Does the Regional Hegemony Facilitate Monetary Integration?
Published: International Economics 1.7.2006