Descriptive analysis of Finnish equity, bond and money market returns

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dc.contributor Bank of Finland
dc.contributor.author Nyberg, Peter
dc.contributor.author Vaihekoski, Mika
dc.date.accessioned 2014-09-22T07:57:54Z
dc.date.available 2014-09-22T07:57:54Z
dc.date.issued 2011
dc.identifier.isbn 978-952-462-766-5
dc.identifier.issn 1456-6184
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/7427
dc.description.abstract This paper gathers the longest available historical monthly return series for the Finnish equity, bond and money markets as well as inflation. The series are analysed to calculate the statistical characteristics of the returns investors would have received in these markets. We also survey existing literature concerning the history of these markets and review the main developments to facilitate future research on the long-term development of the Finnish markets. Using a new total return stock market index for Finland in an approach similar to Mehra and Prescott (2003), we find the equity premium for Finland to be 10.14 per cent from 1913 to 2009.
dc.format.extent 63 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland Research Discussion Papers
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject inflaatio
dc.subject volatiliteetti
dc.subject kehitys
dc.subject arvopaperimarkkinat
dc.subject osakemarkkinat
dc.subject riskit
dc.subject preemiot
dc.subject pörssit
dc.subject Suomi
dc.subject korot
dc.subject rahamarkkinat
dc.subject tuotot
dc.subject osakkeet
dc.subject arvopaperit
dc.subject joukkovelkakirjat
dc.subject SP
dc.subject RP
dc.title Descriptive analysis of Finnish equity, bond and money market returns
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807219
dc.series.name Bank of Finland Research Discussion Papers
dc.series.year 2011
dc.series.number 14/2011
dc.series.sortingnumber 0014
dc.date.publication 5.5.2011

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