Blar i Norges Banks vitenarkiv på tittel
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Oppgjørsrisiko ved valutahandel
(Journal article, 2000)Daglig flyttes enorme beløp mellom finansinstitusjoner i hele verden som oppgjør for valutahandler. Ulike tidssoner og teknologiske begrensninger medfører at partene i oppgjøret normalt påtar seg full og usikret risiko på ... -
Optimal Bailout During Currency and Financial Crises: A Sequential Game Analysis
(Working Papers;13/2000, Working paper, 2000)We present a model that illustrates the close relationship between the possibility of a currency crisis and the amount of private-sector debt within a four-stage sequential game framework. The agents are the government and ... -
Optimal capital adequacy ratio for Norwegian banks
(Staff Memo;9/2021, Working paper, 2022)In this paper, we analyse the appropriate capital adequacy ratio for banks from a socio-economic perspective. More equity capital in banks can contribute to financial stability by reducing the risk of costly banking crises, ... -
Optimal Dutch Disease
(Working Papers;3/2003, Working paper, 2003)Growth models of the Dutch disease, such as those of Krugman (1987), Matsuyama (1992), Sachs and Warner (1995) and Gylfason et al. (1999), explain why resource abundance may reduce growth. The literature, however, also ... -
Optimal Exchange Rate Policy: The Case of Iceland
(Working Papers;5/2001, Working paper, 2001)This paper analysis the appropriate exchange rate arrangement for Iceland, given its structural characteristics, on the one hand, and the need for a credible nominal anchor for monetary policy, on the other. It also discusses ... -
Optimal kapitaldekning for norske banker
(Staff Memo;29/2012, Working paper, 2012)Bankkriser er svært kostbare for samfunnet. Økt kapitaldekning bedrer bankenes evne til å bære tap og unngå kriser. Men bankenes eiere kan vurdere det som kostbart å øke egenkapitalen og derfor velge å holde for lite ... -
Optimal kapitaldekning for norske banker
(Staff Memo;9/2022, Working paper, 2022)I dette memoet analyserer vi hvor høy kapitaldekning bankene bør ha i et samfunnsøkonomisk perspektiv. Mer egenkapital i bankene kan bidra til finansiell stabilitet ved å redusere risikoen for kostbare bankkriser, men utlån ... -
Optimal Monetary Policy When Agents Are Learning
(Working Papers;8/2010, Working paper, 2010)We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show that this slight departure from rationality has important implications for policy design. The central bank ... -
Optimal Portfolio Choice Under Decision-Based Model Combinations
(Working Papers;15/2014, Working paper, 2014)We propose a novel Bayesian model combination approach where the combination weights depend on the past forecasting performance of the individual models entering the combination through a utility-based objective function. ... -
Optimal variable bank capital requirements
(Staff Memo;9/2021, Working paper, 2021)The purpose of the “counter-cyclical capital buffer” (buffer) is to dampen procyclicality in the financial system, absorb capital losses and prevent a credit crunch during recessions. In this paper, a stylized analytical ... -
Optimality of Prompt Corrective Action in a Continuous - Time Model with Recapitalization Possibility
(Working Papers;28/2009, Working paper, 2009)Prompt Corrective Action (PCA) is a system of predetermined capital/asset ratios that trigger supervisory actions by a banking regulator. Our paper addresses the optimality of this regulation system by adapting a dynamic ... -
Optimum Currency Areas Under Inflation Targeting
(Working Papers;10/1999, Working paper, 1999)Several countries face the choice between targeting inflation independently or entering a monetary union that targets inflation. The present paper extends the theory of optimum currency areas to deal with this choice. In ... -
Order Flow Analysis of Exchange Rates
(Journal article, 2006)Norges Bank recently started to collect new foreign exchange statistics. These statistics provide an overview of which foreign currencies various market participants buy and sell against NOK. Participants’ purchases and ... -
Ordningene for pengepolitikken. Norges Bank i lys av litteratur og internasjonal praksis
(Journal article, 2007)De siste 20 årene har det skjedd store endringer i pengepolitikken internasjonalt og i Norge. Både økonomisk teori og historiske erfaringer ligger bak utviklingen fram til dagens ordninger. Selv om flere trekk er felles, ... -
Ordrestrømsanalyse av valutakurser
(Journal article, 2006)Artikkelen forklarer teorien som ligger til grunn for å bruke data fra verdipapirhandel i empiriske anvendelser. Det fokuseres på problemstillinger knyttet til valutamarkedet, men teorien har gyldighet også for andre ... -
Outlook for the Norwegian Economy
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Output Gap in the Norwegian Economy – Different Methodologies, Same Result?
(Journal article, 2000)Potential output is an estimate of the level of output that is consistent over time with the highest possible utilisation of resources in the economy with stable inflation. The output gap measures the difference between ... -
Output Gap, Monetary Policy Trade-Offs and Financial Frictions
(Working Papers;8/2017, Working paper, 2017)This paper investigates how the presence of financial frictions and financial shocks changes the definition and the estimated dynamics of the output gap in a New Keynesian model. Financial shocks absorb explanatory power ... -
Overconfidence, Monetary Policy Committees and Chairman Dominance
(Working Papers;17/2009, Working paper, 2009)We suggest that overconfidence among policymakers explains why formal decision power over monetary policy is given to committees, while much of the real power to set policy remains with central bank chairmen. Overconfidence ...