​December 10–12, 2014, Hotel Riekonlinna, Saariselkä, meeting room “Inari”

Organized by
Bank of Finland Institute for Economies in Transition (BOFIT)
 
Wednesday 10 December

12.40 Most participants arrive at Ivalo airport on AY557

13.45 Lunch

15.00 Session

Financial Intermediation in Emerging Markets

Chair Iikka Korhonen (Suomen Pankki)

Elena Deryugina (Bank of Russia), Olga Kovalenko (Bank of Russia), Irina Pantina (Bank of Russia) and Alexey Ponomarenko (Bank of Russia): Disentangling demand and supply in loan developments in Russia
Download presentation (PDF, 751 KB)

Discussant Laura Solanko (Suomen Pankki)
Download presentation (PDF, 186 KB)
 
Alberto Fuertes (Banco de España) and Jose Maria Serena Garralda (Banco de España): Corporate Capital Markets and Firms’ Vulnerabilities
Download presentation (PDF, 723 KB)

Discussant Zuzana Fungáčová (Suomen Pankki)
Download presentation (PDF, 192 KB)

Elisabeth Beckmann (Oesterreichische Nationalbank) and Helmut Stix (Oesterreichische Nationalbank): Foreign currency borrowing and knowledge about exchange rate risk
Download presentation (PDF, 755 KB)

Discussant Fernando N. de Oliveira (Central Bank of Brazil)
Download presentation (PDF, 87 KB)

17.00 Break
 
17.10 Session

Fiscal Policy in Emerging Markets

Chair Peter Backé (Oesterreichische Nationalbank)

Okan Eren (Central Bank of Turkey) and Şerife Genç (Central Bank of Turkey): Government Subsidized Individual Retirement System
Download presentation (PDF, 346 KB)

Discussant Juraj Zeman (Národná banka Slovenska)

Juraj Zeman (Národná banka Slovenska): Fiscal multipliers in Slovak economy
Download presentation (PDF, 252 KB)

Discussant Riikka Nuutilainen (Suomen Pankki)
Download presentation (PDF, 86 KB)

18.30 Break

19.30 Dinner

Thursday 11 December
 
9.30 Keynote address

Seppo Honkapohja (Suomen Pankki): Managing financial deregulation: Lessons from the Nordic countries for China
Download presentation (PDF, 2 131 KB)

10.30 Coffee break

11.00 Session

Modeling interdependencies and vulnerabilities

Chair Masaaki Kuboniwa (Hitotsubashi University and Suomen Pankki)

Ludovic Gauvin (EconomiX-CNRS & Banque de France) and Cyril Rebillard (Banque de France): Towards Recoupling? Assessing the Impact of a Chinese Hard Landing on Commodity Exporters: Results from Conditional Forecast in a GVAR Model
Download presentation (PDF, 2 261 KB)

Discussant Ignacio Hernando Castellet (Banco de España)
Download presentation (PDF, 669 KB)
 
Martin Feldkircher (Oesterreichische Nationalbank), Thomas Gruber (Oesterreichische Nationalbank) and Isabella Moder (Oesterreichische Nationalbank): Using a Threshold Approach to Flag Vulnerabilities in CESEE Economies
Download presentation (PDF, 1 187 KB)

Discussant Iikka Korhonen (Suomen Pankki)
Download presentation (PDF, 1 105 KB)
 
12.20 Lunch
 
13.30 Session Monetary policy and forecasting

Chair Laura Solanko (Suomen Pankki)

Riikka Nuutilainen (Suomen Pankki): Contemporary monetary policy in China: A move towards price-based policy?
Download presentation (PDF, 1 350 KB)

Discussant Ludovic Gauvin (EconomiX-CNRS & Banque de France)
Download presentation (PDF, 246 KB)
 
Elena Deryugina (Bank of Russia), Andrei Sinyakov (Bank of Russia), Alexey Ponomarenko (Bank of Russia), and Alexey Porshakov (Bank of Russia): Nowcasting and Short-Term Forecasting of Russian GDP
Download presentation (PDF, 1 204 KB)

Discussant Heiner Mikosch (KOF Swiss Economic Institute and Suomen Pankki)
Download presentation (PDF, 198 KB)
 
15.00 Social program and dinner
 
Friday 12 December

8.30 Session Financial Intermediation in Emerging Markets II
 
Chair Olga Kovalenko (Bank of Russia)
 
Fernando N. de Oliveira (Central Bank of Brazil): In-depth Analysis of Investment of Firms in Brazil: Do Financial Restrictions, Unexpected Monetary Shocks and BNDES Play Important Roles?
Download presentation (PDF, 510 KB)

Discussant Alberto Fuertes (Banco de España)
Download presentation (PDF, 488 KB)
 
Zuzana Fungáčová (Suomen Pankki), Anna Kochanova (Max Planck Institute for Research on Collective Goods) and Laurent Weill (University of Strasbourg and Suomen Pankki): Does Money Buy Credit? Firm-Level Evidence on Bribery and Bank Debt
Download presentation (PDF, 320 KB)

Discussant: Helmut Stix (Oesterreichische Nationalbank)
Download presentation (PDF, 225 KB)
 
11:00 Departure for Ivalo airport
 
13.05 Most participants leave from Ivalo airport on AY557, arrival in Helsinki at 14.35
 
Participants
Peter Backé (Oesterreichische Nationalbank)
Fernando N. de Oliveira (Central Bank of Brazil)
Alberto Fuertes (Banco de España)
Zuzana Fungáčová (Suomen Pankki)
Ludovic Gauvin (EconomiX-CNRS & Banque de France)
Şerife Genç (Central Bank of Turkey)
Ignacio Hernando Castellet (Banco de España)
Seppo Honkapohja (Suomen Pankki)
Iikka Korhonen (Suomen Pankki)
Olga Kovalenko (Bank of Russia)
Masaaki Kuboniwa (Hitotsubashi University and Suomen Pankki)
Liisa Mannila (Suomen Pankki)
Heiner Mikosch (KOF Swiss Economic Institute and Suomen Pankki)
Isabella Moder (Oesterreichische Nationalbank)
Gustaf Norrefeldt (Sveriges Riksbank)
Riikka Nuutilainen (Suomen Pankki)
Andrei Sinyakov (Bank of Russia)
Laura Solanko (Suomen Pankki)
Helmut Stix (Oesterreichische Nationalbank)
Juraj Zeman (Národná banka Slovenska)
Programme (pdf 118 KB)