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Karlo Kauko

Personal Details

First Name:Karlo
Middle Name:
Last Name:Kauko
RePEc Short-ID:pka522
[This author has chosen not to make the email address public]


Suomen Pankki

Helsinki, Finland

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

Research output

Jump to: Working papers Articles Books

Working papers

  1. Kauko, Karlo, 2020. "The vanishing interest income of Chinese banks," BOFIT Discussion Papers 2/2020, Bank of Finland, Institute for Economies in Transition.
  2. Kauko, Karlo & Tölö, Eero, 2019. "Banking crisis prediction with differenced relative credit," BoF Economics Review 4/2019, Bank of Finland.
  3. Kauko, Karlo, 2019. "Benford’s law and Chinese banks’ non-performing loans," BOFIT Discussion Papers 25/2019, Bank of Finland, Institute for Economies in Transition.
  4. Kauko, Karlo & Tölö, Eero, 2019. "On the long-run calibration of the credit-to-GDP gap as a banking crisis predictor," Research Discussion Papers 6/2019, Bank of Finland.
  5. Grym, Aleksi & Heikkinen, Päivi & Kauko, Karlo & Takala, Kari, 2017. "Central bank digital currency," BoF Economics Review 5/2017, Bank of Finland.
  6. Grym, Aleksi & Heikkinen, Päivi & Kauko, Karlo & Takala, Kari, 2017. "Digitaalinen keskuspankkiraha [Central bank digital currency]," BoF Economics Review 4/2017, Bank of Finland.
  7. Kauko, Karlo, 2015. "The net stable funding ratio requirement when money is endogenous," Research Discussion Papers 1/2015, Bank of Finland.
  8. Maria Teresa Punzi & Karlo Kauko, 2015. "Testing the Global Banking Glut Hypothesis," Department of Economics Working Papers wuwp194, Vienna University of Economics and Business, Department of Economics.
  9. Alessi, Lucia & Antunes, Antonio & Babecky, Jan & Baltussen, Simon & Behn, Markus & Bonfim, Diana & Bush, Oliver & Detken, Carsten & Frost, Jon & Guimaraes, Rodrigo & Havranek, Tomas & Joy, Mark & Kau, 2015. "Comparing different early warning systems: Results from a horse race competition among members of the Macro-prudential Research Network," MPRA Paper 62194, University Library of Munich, Germany.
  10. Kauko, Karlo, 2012. "Triggers for countercyclical capital buffers," MPRA Paper 85692, University Library of Munich, Germany.
  11. Kauko, Karlo, 2012. "Why is equity capital expensive for opaque banks?," Research Discussion Papers 4/2012, Bank of Finland.
  12. Kauko, Karlo, 2010. "The feasibility of through-the-cycle ratings," Research Discussion Papers 14/2010, Bank of Finland.
  13. Herrala, Risto & Kauko, Karlo, 2007. "Household loan loss risk in Finland : estimations and simulations with micro data," Research Discussion Papers 5/2007, Bank of Finland.
  14. Kauko, Karlo, 2007. "Managers and efficiency in banking," Research Discussion Papers 11/2007, Bank of Finland.
  15. Kauko, Karlo, 2005. "The demand for money market mutual funds," Research Discussion Papers 14/2005, Bank of Finland.
  16. Kauko, Karlo, 2005. "The mixed oligopoly of cross-border payment systems," Research Discussion Papers 11/2005, Bank of Finland.
  17. Karlo Kauko, 2005. "Bank interest rates in a small European economy: Some exploratory macro level analyses using Finnish data," Finance 0508020, University Library of Munich, Germany.
  18. Karlo Kauko, 2004. "Links between securities settlement systems: An oligopoly theoretic approach," Industrial Organization 0405003, University Library of Munich, Germany.
  19. Kauko, Karlo, 2003. "Interlinking securities settlement systems : A strategic commitment?," Research Discussion Papers 26/2003, Bank of Finland.
  20. 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.
  21. Kauko, Karlo, 1998. "Developing the interbank payment system : Efficiency of public versus private investments," Research Discussion Papers 28/1998, Bank of Finland.
  22. Hilpinen, Jorma & Hakuni, Mika, 1997. "The Bank of Finland foreign trade survey 1995-1996 : A quality evaluation," Research Discussion Papers 13/1997, Bank of Finland.
  23. Andersen, Kaare Guttorm & Kauko, Karlo, 1996. "A cross-country study of market-based housing finance," Research Discussion Papers 13/1996, Bank of Finland.


  1. Karlo Kauko, 2018. "Bailouts, Franchise Value And Moral Hazard In Banking," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(03), pages 691-699, June.
  2. Karlo Kauko, 2018. "Did taxes, decrees or credibility drive money? Early nineteenth century Finland from a chartalist perspective," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 66(1), pages 73-90, January.
  3. Karlo Kauko, 2017. "A Short Note on the Net Stable Funding Ratio Requirement with Endogenous Money," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 46(1), pages 105-115, February.
  4. Karlo Kauko, 2016. "Does Opaqueness Make Equity Capital Expensive for Banks?," Revista de Economía del Rosario, Universidad del Rosario, vol. 17(2), pages 203-227, February.
  5. Punzi, Maria Teresa & Kauko, Karlo, 2015. "Testing the global banking glut hypothesis," Journal of Financial Stability, Elsevier, vol. 19(C), pages 128-151.
  6. Kauko, Karlo, 2014. "How to foresee banking crises? A survey of the empirical literature," Economic Systems, Elsevier, vol. 38(3), pages 289-308.
  7. Kauko, Karlo & Palmroos, Peter, 2014. "The Delphi method in forecasting financial markets— An experimental study," International Journal of Forecasting, Elsevier, vol. 30(2), pages 313-327.
  8. Karlo Kauko, 2014. "Do Bailouts Cause Moral Hazards or Franchise Value in Banking?," Kyklos, Wiley Blackwell, vol. 67(1), pages 82-92, February.
  9. Kauko, Karlo, 2012. "External deficits and non-performing loans in the recent financial crisis," Economics Letters, Elsevier, vol. 115(2), pages 196-199.
  10. Kauko, Karlo, 2009. "Managers and efficiency in banking," Journal of Banking & Finance, Elsevier, vol. 33(3), pages 546-556, March.
  11. Kauko, Karlo, 2007. "Interlinking securities settlement systems: A strategic commitment?," Journal of Banking & Finance, Elsevier, vol. 31(10), pages 2962-2977, October.
  12. Kauko, Karlo, 2004. "The links between securities settlement systems: An oligopoly theoretic approach," International Review of Financial Analysis, Elsevier, vol. 13(5), pages 585-600.
  13. Kauko, K., 1996. "Effectiveness of R & D subsidies -- a sceptical note on the empirical literature," Research Policy, Elsevier, vol. 25(3), pages 321-323, May.


  1. Kauko, Karlo, 2000. "The microeconomics of innovation : Oligopoly theoretic analyses with applications to banking and patenting," Scientific Monographs, Bank of Finland, number 18/2000.

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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 14 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 (9) 2006-10-21 2007-09-24 2010-09-11 2015-02-11 2015-04-02 2016-06-09 2019-03-11 2020-02-10 2020-03-02. Author is listed
  2. NEP-MAC: Macroeconomics (4) 2005-11-09 2007-05-12 2016-06-09 2019-03-11
  3. NEP-MON: Monetary Economics (4) 2005-11-09 2006-10-21 2015-02-11 2016-06-09
  4. NEP-CBA: Central Banking (3) 2015-02-28 2016-06-09 2020-02-10
  5. NEP-FMK: Financial Markets (3) 2005-11-09 2006-10-21 2006-10-21
  6. NEP-IFN: International Finance (3) 2005-11-09 2015-04-02 2017-01-15
  7. NEP-EFF: Efficiency & Productivity (2) 2007-09-24 2020-03-02
  8. NEP-RMG: Risk Management (2) 2010-09-11 2020-02-10
  9. NEP-URE: Urban & Real Estate Economics (2) 2015-04-02 2017-01-15
  10. NEP-CMP: Computational Economics (1) 2007-05-12
  11. NEP-CNA: China (1) 2020-03-02
  12. NEP-EEC: European Economics (1) 2020-02-10
  13. NEP-FDG: Financial Development & Growth (1) 2020-02-10
  14. NEP-HIS: Business, Economic & Financial History (1) 2019-03-11
  15. NEP-OPM: Open Economy Macroeconomics (1) 2015-06-20
  16. NEP-TRA: Transition Economics (1) 2020-03-02


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