Risto Herrala

European Central Bank (ECB) - Directorate General International and European Relations

Economist

Kaiserstrasse 29

D-60311 Frankfurt am Main

Germany

  • European Central Bank (ECB) - Directorate General International and European Relations

SCHOLARLY PAPERS

16

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25

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45

Scholarly Papers (16)

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1.

Household Loan Loss Risk in Finland - Estimations and Simulations With Micro Data

Bank of Finland Research Discussion Paper No. 5/2007
Number of pages: 48 Posted: 21 Aug 2007
Risto Herrala and Karlo Kauko
European Central Bank (ECB) - Directorate General International and European Relations and Bank of Finland
Downloads 256 (165,939)
Citation 25

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financial stability, indebtedness, micro simulations, households

2.

An Assessment of Alternative Lender of Last Resort Schemes

Bank of Finland Discussion Paper No. 1/2001
Number of pages: 31 Posted: 20 Jul 2002
Risto Herrala
European Central Bank (ECB) - Directorate General International and European Relations
Downloads 186 (223,357)
Citation 6

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Liquidity, lender of last resort, banking, central banking, governance

3.

The Influence of Bank Ownership on Credit Supply: Evidence from the Recent Financial Crisis

Downloads 152 (264,692)
Citation 6

The Influence of Bank Ownership on Credit Supply: Evidence from the Recent Financial Crisis

29th International Conference of the French Finance Association (AFFI) 2012
Number of pages: 22 Posted: 23 Oct 2012
Zuzana Fungáčová, Risto Herrala and Laurent Weill
Bank of Finland - Institute for Economies in Transition (BOFIT), European Central Bank (ECB) - Directorate General International and European Relations and University of Strasbourg - LaRGE Research Center (Laboratoire de Recherche en Gestion et Economie)
Downloads 84 (403,965)
Citation 1

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bank, credit policy, foreign ownership, state ownership, stochastic frontier analysis

The Influence of Bank Ownership on Credit Supply: Evidence from the Recent Financial Crisis

BOFIT Discussion Paper No. 34/2011
Number of pages: 28 Posted: 16 Dec 2011
Zuzana Fungáčová, Risto Herrala and Laurent Weill
Bank of Finland - Institute for Economies in Transition (BOFIT), European Central Bank (ECB) - Directorate General International and European Relations and University of Strasbourg - LaRGE Research Center (Laboratoire de Recherche en Gestion et Economie)
Downloads 68 (455,730)
Citation 5

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bank, credit policy, foreign ownership, state ownership, stochastic frontier

4.

China's Capital Controls - Through the Prism of Covered Interest Differentials

Downloads 149 (269,006)
Citation 5

China's Capital Controls - Through the Prism of Covered Interest Differentials

CESifo Working Paper Series No. 4377
Number of pages: 32 Posted: 04 Sep 2013
Yin-Wong Cheung and Risto Herrala
University of California, Santa Cruz - Department of Economics and European Central Bank (ECB) - Directorate General International and European Relations
Downloads 73 (438,385)

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NDF implied RMB interest rate, capital controls, asymmetric response, macro determinants, credit market tightness

China's Capital Controls – Through the Prism of Covered Interest Differentials

BOFIT Discussion Paper No. 22/2013
Number of pages: 35 Posted: 14 Sep 2013
Risto Herrala and Yin-Wong Cheung
European Central Bank (ECB) - Directorate General International and European Relations and University of California, Santa Cruz - Department of Economics
Downloads 48 (538,481)
Citation 4

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NDF implied RMB interest rate, capital controls, asymmetric response, macro determinants, credit market tightness

China's Capital Controls – Through the Prism of Covered Interest Differentials

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 14/2013
Number of pages: 32 Posted: 25 Sep 2013
Yin-Wong Cheung and Risto Herrala
University of California, Santa Cruz - Department of Economics and European Central Bank (ECB) - Directorate General International and European Relations
Downloads 28 (654,108)
Citation 2

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NDF Implied RMB Interest Rate, Capital Controls, Asymmetric Response, Macro Determinants, Credit Market Tightness

5.

Credit Crunch? An Empirical Test of Cyclical Credit Policy

Bank of Finland Research Discussion Paper No. 10/2009
Number of pages: 30 Posted: 07 Jul 2009
Risto Herrala
European Central Bank (ECB) - Directorate General International and European Relations
Downloads 144 (276,489)
Citation 24

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credit policy, credit constraints, household borrowing, frontier analysis

6.

Markets, Reserves and Lenders of Last Resort as Sources of Bank Liquidity

Bank of Finland Research Discussion Paper No. 3/2000
Number of pages: 27 Posted: 14 Oct 2007
Risto Herrala
European Central Bank (ECB) - Directorate General International and European Relations
Downloads 95 (370,937)
Citation 1

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liquidity, lender of last resort, banking, central banking

7.

Sectoral Specialisation in the EU: A Macroeconomic Perspective

ECB Occasional Paper No. 19
Number of pages: 62 Posted: 23 Aug 2005
Ad van Riet, Ekkehard Ernst, Christophe Madaschi, Fabrice Orlandi, Alvaro Santos Rivera, Benoît Robert, Jörg Döpke, Constantina Backinezos, Ioanna Bardakas, Esther Gordo Mora, Christian Barontini, Mark Cassidy, Sandro Trento, Erik Walch, Bouke Buitenkamp, Karin Wagner, Hugo Reis, Risto Herrala, Faisel Sethi, Kurt Gustavsson and Vincent Labhard
United Nations University - Institute on Comparative Regional Integration Studies (UNU-CRIS), International Labour Organization (ILO), European Central Bank (ECB) - Directorate General Economics, European Central Bank (ECB), European Central Bank (ECB), Banque Nationale de Belgique, Deutsche Bundesbank, Bank of Greece, Bank of Greece, Banco de España, Banque de France, Central Bank of Ireland, Bank of Italy, Banque Centrale du Luxembourg, de Nederlands Bank, Oesterreichische Nationalbank, Banco de Portugal, European Central Bank (ECB) - Directorate General International and European Relations, Danmarks Nationalbank, Sveriges Riksbank and European Central Bank (ECB) - Directorate General Economics
Downloads 82 (405,777)

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8.

Has the Chinese Growth Model Changed? A View from the Credit Market

BOFIT Discussion Paper No. 5/2012
Number of pages: 26 Posted: 24 Mar 2012
Risto Herrala and Yandong Jia
European Central Bank (ECB) - Directorate General International and European Relations and People's Bank of China, Institute of Finance
Downloads 78 (417,540)
Citation 1

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Chinese economy, credit constraints, corporate finance

9.

Credit Constraints and Durable Consumption

Bank of Finland Research Discussion Paper No. 15/2010
Number of pages: 22 Posted: 19 Oct 2010
Risto Herrala
European Central Bank (ECB) - Directorate General International and European Relations
Downloads 59 (482,848)

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Durable Consumption, Credit Constraints, Stochastic Frontier Analysis

10.

Credit Constraints, Political Instability, and Capital Accumulation

IMF Working Paper No. 13/246
Number of pages: 27 Posted: 20 Jan 2014
Risto Herrala and Rima Turk-Ariss
European Central Bank (ECB) - Directorate General International and European Relations and International Monetary Fund
Downloads 50 (519,752)

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Credit ceilings, Middle East, North Africa, Transition economies, Capital accumulation, credit constraints, political unrest, MENA countries, equity capital, real interest rate, equity ratio, capital goods, domestic credit, inflation rate, capital market, capital stock, capital markets, capital market imperfections, moral hazard, capital budgeting, domestic equity

11.

Credit Conditions and Firm Investment: Evidence from the MENA Region

BOFIT Discussion Paper No. 29/2012
Number of pages: 29 Posted: 15 Dec 2012 Last Revised: 31 Jan 2014
Risto Herrala and Rima Turk-Ariss
European Central Bank (ECB) - Directorate General International and European Relations and International Monetary Fund
Downloads 42 (557,186)
Citation 1

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financing constraints, credit limits, MENA countries

12.

Forward-Looking Reaction to Bank Regulation

ECB Working Paper No. 1645
Number of pages: 40 Posted: 15 Mar 2014
Risto Herrala
European Central Bank (ECB) - Directorate General International and European Relations
Downloads 37 (582,939)

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credit policy, borrowing constraints, bank regulation

13.

The Rigidity Bias

Bank of Finland Discussion Paper No. 31/2003
Number of pages: 34 Posted: 19 Feb 2004
Risto Herrala
European Central Bank (ECB) - Directorate General International and European Relations
Downloads 22 (679,245)

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liquidity, central banking, monetary system

14.

Win-Win? Assessing the Global Impact of the Chinese Economy

BOFIT Discussion Paper No. 4/2020
Number of pages: 27 Posted: 22 Jan 2021 Last Revised: 18 Nov 2021
Risto Herrala and Fabrice Orlandi
European Central Bank (ECB) - Directorate General International and European Relations and European Central Bank (ECB)
Downloads 12 (761,443)

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15.

Global Co2 Efficiency: Country-Wise Estimates Using a Stochastic Cost Frontier

Energy Policy, Vol. 45, issue C, pp.762-770, 2012
Posted: 22 Mar 2016 Last Revised: 19 Apr 2016
Rajeev K. Goel and Risto Herrala
Illinois State University - Department of Economics and European Central Bank (ECB) - Directorate General International and European Relations

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16.

Institutional Quality and Environmental Pollution: MENA Countries Versus the Rest of the World

Economic Systems, Vol. 37, No. 4, pp. 508-521, 2013
Posted: 13 Oct 2015 Last Revised: 19 Apr 2016
Rajeev K. Goel, Risto Herrala and Ummad Mazhar
Illinois State University - Department of Economics, European Central Bank (ECB) - Directorate General International and European Relations and Shaheed Zulkar Ali Bhutto Institute of Science and Technology

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Environment, Pollution, Institutions, Shadow economy, Corruption, MENA