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Finnish banking crisis : can we blame bank management?

Author

Listed:
  • Risto Murto

    (Bank of Finland)

Abstract

This paper examines the pricing of bank loans using information on Finnish savings banks' loans from 1987 to 1992. Loan rate premia were affected by many factors, some of which are clearly related to riskiness of the borrower and some are not. The likelihood of delinquent payments is also investigated. The results suggest that there are several factors which were not correctly priced.

Suggested Citation

  • Risto Murto, 1994. "Finnish banking crisis : can we blame bank management?," Finnish Economic Papers, Finnish Economic Association, vol. 7(1), pages 56-68, Spring.
    • Handle: RePEc:fep:journl:v:7:y:1994:i:1:p:56-68
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    Citations

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    Cited by:

    1. Santiago Fernández de Lis & Jorge Martínez Pagés & Jesús Saurina, 2001. "Credit growth, problem loans and credit risk provisioning in Spain," BIS Papers chapters, in: Bank for International Settlements (ed.), Marrying the macro- and micro-prudential dimensions of financial stability, volume 1, pages 331-353, Bank for International Settlements.
    2. Jesús Saurina-Salas, 1998. "Determinantes de la morosidad de las cajas de ahorro españolas," Investigaciones Economicas, Fundación SEPI, vol. 22(3), pages 393-426, September.
    3. Murto, Risto & Eirola, Timo, 1993. "Risky debt, bad bank and government," Research Discussion Papers 16/1993, Bank of Finland.
    4. repec:zbw:bofrdp:1993_016 is not listed on IDEAS
    5. Nakamura, Richard, 2002. "The Big Cleanse: The Japanese Response To The Financial Crisis Of 1990'S Seen From A Nordic Perspective," EIJS Working Paper Series 149, Stockholm School of Economics, The European Institute of Japanese Studies.
    6. Solttila, Heikki & Vihriälä, Vesa, 1994. "Finnish banks' problem assets: Result of unfortunate asset structure of too rapid growth?," Bank of Finland Research Discussion Papers 23/1994, Bank of Finland.
    7. repec:zbw:bofism:1997_007 is not listed on IDEAS
    8. Antonio Miguel Martins & Ana Paula Serra & Francisco Vitorino Martins & Simon Stevenson, 2019. "Residential Property Loans and Bank Performance during Property Price Booms: Evidence from Europe," Annals of Economics and Finance, Society for AEF, vol. 20(1), pages 247-295, May.
    9. Vihriälä, Vesa, 1997. "Banks and the Finnish credit cycle 1986-1995," Scientific Monographs, Bank of Finland, number 1997_007.
    10. Murto, Risto & Eirola, Timo, 1993. "Risky debt, bad bank and government," Bank of Finland Research Discussion Papers 16/1993, Bank of Finland.
    11. Murto, Risto, 1995. "The banking crisis, banking policy regimes and the value of a bank," Bank of Finland Research Discussion Papers 14/1995, Bank of Finland.
    12. Vihriälä, Vesa, 1997. "Banks and the Finnish credit cycle 1986-1995," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm1997_007.
    13. Vicente Salas & Jesús Saurina, 2002. "Credit Risk in Two Institutional Regimes: Spanish Commercial and Savings Banks," Journal of Financial Services Research, Springer;Western Finance Association, vol. 22(3), pages 203-224, December.

    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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