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Esa Jokivuolle

Personal Details

First Name:Esa
Middle Name:
Last Name:Jokivuolle
RePEc Short-ID:pjo118


Suomen Pankki

Helsinki, Finland

P.O. Box 160,, FIN-00101, Helsinki
RePEc:edi:bofgvfi (more details at EDIRC)

Research output

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Working papers

  1. Jokivuolle, Esa & Tunaru, Radu & Vioto, Davide, 2018. "Testing the systemic risk differences in banks," Research Discussion Papers 13/2018, Bank of Finland.
  2. Ambrocio, Gene & Jokivuolle, Esa, 2017. "Should bank capital requirements be less risk-sensitive because of credit constraints?," Research Discussion Papers 10/2017, Bank of Finland.
  3. Jokivuolle, Esa & Tölö, Eero & Virén, Matti, 2015. "Do banks’ overnight borrowing rates lead their CDS Price? Evidence from the Eurosystem," Working Paper Series 1809, European Central Bank.
  4. Kiema, Ilkka & Jokivuolle, Esa, 2015. "Why are bank runs sometimes partial?," Research Discussion Papers 10/2015, Bank of Finland.
  5. Tölö, Eero & Jokivuolle, Esa & Virén, Matti, 2015. "Are too-big-to-fail banks history in Europe? Evidence from overnight interbank loans," Research Discussion Papers 29/2015, Bank of Finland.
  6. Jokivuolle, Esa & Keppo, Jussi & Yuan, Xuchuan, 2015. "Bonus caps, deferrals and bankers' risk-taking," Research Discussion Papers 5/2015, Bank of Finland.
  7. Jokivuolle, Esa & Pesola, Jarmo & Virén, Matti, 2014. "What drives loan losses in Europe?," Research Discussion Papers 6/2014, Bank of Finland.
  8. Tölö, Eero & Jokivuolle, Esa & Virén, Matti, 2014. "Do private signals of a bank s creditworthiness predict the bank s CDS price? : Evidence from the Eurosystem's overnight loan rates," Research Discussion Papers 9/2014, Bank of Finland.
  9. Kiema, Ilkka & Jokivuolle, Esa, 2014. "Does a leverage ratio requirement increase bank stability?," Working Paper Series 1676, European Central Bank.
  10. Jokivuolle, Esa & Keppo, Jussi, 2014. "Bankers' compensation: : Sprint swimming in short bonus pools?," Research Discussion Papers 2/2014, Bank of Finland.
  11. Kiema, Ilkka & Jokivuolle, Esa, 2013. "99.9% - really?," Research Discussion Papers 25/2013, Bank of Finland.
  12. Kiema, Ilkka & Jokivuolle, Esa, 2011. "Leverage ratio requirement and credit allocation and bank stability," Research Discussion Papers 10/2011, Bank of Finland.
  13. Jokivuolle, Esa & Kiema, Ilkka & Vesala, Timo, 2010. "Credit allocation, capital requirements and output," Research Discussion Papers 17/2010, Bank of Finland.
  14. Jokivuolle, Esa & Virén, Matti & Vähämaa, Oskari, 2009. "Transmission of macro shocks to loan losses in a deep crisis: the case of Finland," Research Discussion Papers 26/2009, Bank of Finland.
  15. Jokivuolle, Esa & Kiema, Ilkka & Vesala, Timo, 2009. "Credit allocation, capital requirements and procyclicality," Research Discussion Papers 23/2009, Bank of Finland.
  16. Jokivuolle, Esa & Virolainen, Kimmo & Vähämaa, Oskari, 2008. "Macro-model-based stress testing of Basel II requirements," Research Discussion Papers 17/2008, Bank of Finland.
  17. Jokivuolle, Esa & Vesala, Timo, 2007. "Portfolio effects and efficiency of lending under Basel II," Research Discussion Papers 13/2007, Bank of Finland.
  18. Jokivuolle, Esa & Kilponen, Juha & Kuusi, Tero, 2007. "GDP at risk in a DSGE model : an application to banking sector stress testing," Research Discussion Papers 26/2007, Bank of Finland.
  19. Jokivuolle, Esa & Peura, Samu, 2006. "Rating targeting and the confidence levels implicit in bank capital," Research Discussion Papers 27/2006, Bank of Finland.
  20. Samu Peura & Esa Jokivuolle, 2004. "Simulation-based stress testing of banks’ regulatory capital adequacy," Finance 0405003, University Library of Munich, Germany.
  21. Jokivuolle, Esa & Lanne, Markku, 2004. "Trading Nokia : the roles of the Helsinki vs the New York stock exchanges," Research Discussion Papers 26/2004, Bank of Finland.
  22. Jokivuolle, Esa & Peura, Samu, 2001. "A value-at-risk approach to banks' capital buffers : An application to the new Basel Accord," Research Discussion Papers 15/2001, Bank of Finland.
  23. Jokivuolle, Esa & Kauko, Karlo, 2001. "The New Basel accord : Some potential implications of the new standards for credit risk," Research Discussion Papers 2/2001, Bank of Finland.
  24. Jokivuolle, Esa & Peura, Samu, 2000. "A model for estimating recovery rates and collateral haircuts for bank loans," Research Discussion Papers 2/2000, Bank of Finland.
  25. Hietala, Pekka & Jokivuolle, Esa & Koskinen, Yrjö, 2000. "Informed Trading, Short Sales Constraints, and Futures' Pricing," SSE/EFI Working Paper Series in Economics and Finance 366, Stockholm School of Economics.
  26. Hietala, Pekka & Jokivuolle, Esa & Koskinen, Yrjö, 1994. "Short-selling restrictions, strategic stock holdings and index futures markets in Finland," Research Discussion Papers 19/1994, Bank of Finland.
  27. Jokivuolle, Esa, 1990. "Suomalaisten fox-indeksioptioiden hinnoittelu Monte Carlo -simulointia käyttäen," Research Discussion Papers 13/1990, Bank of Finland.


  1. Tölö, Eero & Jokivuolle, Esa & Virén, Matti, 2017. "Do banks’ overnight borrowing rates lead their CDS price? Evidence from the Eurosystem," Journal of Financial Intermediation, Elsevier, vol. 31(C), pages 93-106.
  2. Jokivuolle, Esa & Pesola, Jarmo & Viren, Matti, 2015. "Why is credit-to-GDP a good measure for setting countercyclical capital buffers?," Journal of Financial Stability, Elsevier, vol. 18(C), pages 117-126.
  3. Kiema, Ilkka & Jokivuolle, Esa, 2014. "Does a leverage ratio requirement increase bank stability?," Journal of Banking & Finance, Elsevier, vol. 39(C), pages 240-254.
  4. Esa Jokivuolle & Ilkka Kiema & Timo Vesala, 2014. "Why Do We Need Countercyclical Capital Requirements?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 46(1), pages 55-76, August.
  5. Jokivuolle, Esa & Virén, Matti, 2013. "Cyclical default and recovery in stress testing loan losses," Journal of Financial Stability, Elsevier, vol. 9(1), pages 139-149.
  6. Jokivuolle, Esa, 2010. "Special issue: Housing markets--a shelter from the storm or cause of the storm?," Journal of Financial Stability, Elsevier, vol. 6(4), pages 187-188, December.
  7. Peura, Samu & Jokivuolle, Esa, 2004. "Simulation based stress tests of banks' regulatory capital adequacy," Journal of Banking & Finance, Elsevier, vol. 28(8), pages 1801-1824, August.
  8. Esa Jokivuolle & Samu Peura, 2003. "Incorporating Collateral Value Uncertainty in Loss Given Default Estimates and Loan‐to‐value Ratios," European Financial Management, European Financial Management Association, vol. 9(3), pages 299-314, September.
  9. Jokivuolle, Esa, 1995. "Measuring True Stock Index Value in the Presence of Infrequent Trading," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 30(3), pages 455-464, September.


    RePEc:erf:erfssc:80-1 is not listed on IDEAS


  1. Jokivuolle,Esa & Tunaru,Radu (ed.), 2017. "Preparing for the Next Financial Crisis," Cambridge Books, Cambridge University Press, number 9781107185593, December.
  2. Eugenio Cerutti & Sylvester Eijffinger & Serafín Frache & Javier García-Cicco & Ernest Gnan & David Martinez-Miera & Donato Masciandaro & Athanasios Orphanides & Jorge Ponce & Paola Profeta & Davide R, 2017. "New Challenges in Central Banking:Monetary Policy Governance and Macroprudential Issues," SUERF Studies, SUERF - The European Money and Finance Forum, number 2017/2 edited by Ernest Gnan and Donato Masciandaro, November.
  3. Peter Fisher & Petri Jylhä & Jussi Keppo & Erkki Liikanen & George G. Pennacchi, 2015. "Liquidity and Market Efficiency – Alive and well?," SUERF Studies, SUERF - The European Money and Finance Forum, number 2015/3 edited by Esa Jokivuolle & Jouko Vilmunen, November.

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NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 20 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-BAN: Banking (13) 2007-01-23 2008-09-20 2009-11-21 2011-05-07 2013-10-18 2014-02-08 2014-03-22 2014-12-08 2015-07-04 2016-06-04 2016-06-14 2017-05-21 2018-06-18. Author is listed
  2. NEP-RMG: Risk Management (12) 2007-01-23 2007-10-13 2008-09-20 2009-11-21 2009-12-11 2011-01-03 2011-05-07 2013-10-18 2014-12-08 2015-04-02 2017-05-21 2018-06-18. Author is listed
  3. NEP-REG: Regulation (6) 2004-05-09 2007-10-13 2008-09-20 2009-11-21 2011-01-03 2011-05-07. Author is listed
  4. NEP-CBA: Central Banking (5) 2009-12-11 2013-10-18 2014-12-08 2017-05-21 2018-06-18. Author is listed
  5. NEP-CMP: Computational Economics (2) 2004-05-09 2008-01-05
  6. NEP-FMK: Financial Markets (2) 2000-03-20 2007-10-13
  7. NEP-MAC: Macroeconomics (2) 2008-01-05 2017-05-21
  8. NEP-ACC: Accounting & Auditing (1) 2004-05-09
  9. NEP-BEC: Business Economics (1) 2011-05-07
  10. NEP-CFN: Corporate Finance (1) 2015-07-04
  11. NEP-DGE: Dynamic General Equilibrium (1) 2008-01-05
  12. NEP-EEC: European Economics (1) 2015-07-04
  13. NEP-HRM: Human Capital & Human Resource Management (1) 2016-06-14
  14. NEP-MON: Monetary Economics (1) 2015-07-04
  15. NEP-PPM: Project, Program & Portfolio Management (1) 2009-11-21


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