The Bank of Finland, in accordance with its regulations, is responsible for the stability of the financial markets. The main actors in the Finnish financial markets are fourteen authorized foreign,exchange banks. The Bank of Finland has therefore set up a risk monitoring system to measure...

Selvityksessä pyritään määrittelemään valuuttakurssien ja korkojen muutosten empiiriset tilastolliset jakaumat ajalta 1.10.1986 - 31.12.1988.Selvitys kattaa kahdentoista valuutan markkakurssin ja kolmentoista valuutan markkinakoron jakaumien estimoinnin.Perushypoteesina on oletus...

The study derives a theoretically and empirically founded procedure for volatility estimation and forecasting of daily financial return series for use in value-at-risk model frameworks.GARCH modelling is applied to account for time varying heteroskedastic conditional variances and...