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  • Tötterman, Kristian (2020)
    Euro & talous. Blogi
    Keskuspankit ovat kuluvan vuoden aikana lisänneet voimakkaasti elvytystoimiaan ympäri maailman lievittääkseen koronapandemian aiheuttamaa talouskurimusta ja ylläpitääkseen hintavakautta. Yhdistäviä tekijöitä useiden eri keskuspankkien elvytyskeinoissa ovat arvopaperiostot ja erilaiset luotto-operaatiot, joiden avulla keskuspankit luovat rahoitusoloja keventääkseen kokonaan uutta rahaa talouteen. Miten rahaa itse asiassa päätyy talouteen oikea määrä oikealla hetkellä? Päättävätkö keskuspankit tästä määrästä nykyään yksinään? Jotta kysymykseen voi kunnolla vastata, tulee ensin vastata kysymykseen siitä, mitä raha on ja miten sitä oikein syntyy.
  • Björklund, Nina; Kauko, Karlo; Putkuri, Hanna; Vauhkonen, Jukka; Miettinen, Paavo (2020)
    Suomen Pankin ja Finanssivalvonnan makrovakausraportti 1/2020
    1 Esipuhe .. 4 2 Asuntoluotonantoon liittyvät vakausuhkat .. 7 3 Kokonaisluotonantoon liittyvät vakausuhkat .. 16
  • Kortelainen, Mika; Lindblad, Annika; Obstbaum, Meri; Schmöller, Michaela (2020)
    Bank of Finland. Bulletin 3/2020
    The outlook for the world economy deteriorated in the spring as the coronavirus (COVID-19) developed into a pandemic. Significant re-strictions on movement, business and social interaction have greatly weakened growth potential, while consumption and investment are both being depressed by the uncertainty raised by the virus. Short-term indicators point to a sudden and fairly simultaneous weakening of the Finnish, Swedish and German economies in March. During May, high-frequency indicators showed early signs of picking up, but uncertainty remains high and the recovery will be slow.
  • Mäki-Fränti, Petri; Vanhala, Juuso (2020)
    Bank of Finland. Bulletin 3/2020
    The corona pandemic and the related lockdown measures have led to a strong contraction in business turnover and weakening of profitability, particularly in the service industries. If the profitability crisis persists, it will turn into a liquidity crisis and the risk of corporate bankruptcies will increase. Companies can, to some extent, adjust to the decline in turnover by cutting costs, for example by decreasing purchase volumes and by negotiating reductions to other cost items, such as rents. With the help of temporary lay-offs, companies can even adjust staff expenditure rapidly, if necessary.
  • Bank of Finland (2020)
    Bank of Finland. Bulletin 3/2020
    The Finnish economy is experiencing a sharp contraction on account of the coronavirus pandemic. Gross domestic product will decline by around 7% this year and grow around 3% per annum in 2021 and 2022. The forecast contains an exceptionally large degree of uncertainty. According to alternative scenarios, the contraction in the economy in the current year could be just 5% or as much as 11%, depending on how the epidemic progresses in Finland and what success there is in bringing it under control. The degree of success in controlling the epidemic will also determine how quickly the economy will recover. It will probably not be possible to avoid permanent losses of output, but economic policy can be used to mitigate their scale.