Penger og Kreditt / Economic Bulletin: Recent submissions

Now showing items 221-240 of 473

    • Rising Food Prices – a Driving Force Behind Inflation? 

      Sand, Tove Katrine; Støholen, Bente (Journal article, 2008)
      Global food prices have risen sharply since the beginning of 2007. In this article, we look at the factors behind the rise in food prices, both globally and in Norway. The increase in food prices in Norway, as measured in ...

    • A Model for Predicting Aggregated Corporate Credit Risk 

      Nordal, Kjell Bjørn; Syed, Haseeb (Journal article, 2010)
      For many financial institutions credit risk, and in particular credit risk on loans to corporate borrowers, is the major source of risk. Good estimates of credit risk are important both for pricing individual loans and ...

    • Clearing and Settlement at Norges Bank – a Historical Review 

      Haare, Harald (Journal article, 2007)
      The Norwegian payment system processes more than three million payment transactions every day. On some days the number of transactions can be far higher. The transactions are cleared and settled in the Norwegian payment ...

    • Who is borrowing – for what – and can they afford it? 

      Vatne, Bjørn Helge (Journal article, 2008)
      New micro data enable us to analyse household debt behaviour through 2006. We can identify households that borrow net and households that repay debt. Half the households in the sample increased their debt in 2006. Most new ...

    • The Neutral Real Interest Rate 

      Bernhardsen, Tom; Gerdrup, Karsten R. (Journal article, 2007)
      The concept “neutral real interest rate” is generally associated with the real interest rate level, which implies that monetary policy is neither expansionary nor contractionary. We define the neutral real interest rate ...

    • The Effects of Economic News on Norwegian Market Interest Rates 

      Eeg, Knut (Journal article, 2008)
      Interest rates and other financial asset prices are based on expectations about economic developments. Asset prices react to new information. In this article, we explore the effects of news about key macroeconomic variables, ...

    • Economic Implications of Copulas and Extremes 

      Chollete, Lorán (Journal article, 2008)
      Events in financial markets since summer 2007 have clearly illustrated the importance of being able to analyse how the return on different kinds of assets that usually seem uncorrelated can begin to show a strong covariance ...

    • Economic Perspectives 

      Gjedrem, Svein (Journal article, 2009)

    • An Analysis of Banks' Problem Loans 

      Berge, Tor Oddvar; Boye, Katrine Godding (Journal article, 2007)
      In this analysis, we look at the macroeconomic factors which function as driving forces behind developments in banks’ problem loans. Problem loans include non-performing loans and other particularly doubtful loans. Since ...

    • Evaluation of Norges Bank’s Projections for 2008 

      Naug, Bjørn E. (Journal article, 2009)
      Inflation in 2008 was significantly higher than Norges Bank projected in autumn 2007. This was to a large extent due to an unexpected slowdown in productivity growth and to the rise in prices for commodities and manufactured ...

    • Stress Testing of Banks’ Profit and Capital Adequacy 

      Andersen, Henrik; Berge, Tor Oddvar (Journal article, 2008)
      A model system for stress testing financial stability is being developed at Norges Bank. In this article, we present two of the models in this system: a macroeconomic model and a bank model. The macro model simulates ...

    • Collateral for Loans from Norges Bank – Consequences of Changes in the Rules 

      Bakke, Bjørn; Sandal, Knut; Solberg, Ingrid (Journal article, 2008)
      Norges Bank requires collateral for all lending to banks. Collateral is provided in the form of securities which are pledged to Norges Bank. The list of eligible securities was changed in 2005. The aim of the changes has ...

    • Household Net Lending – What the Micro Data Indicate 

      Riiser, Magdalena D. (Journal article, 2009)
      While existing statistics are based on macro data, this article uses micro data to analyse household financial wealth and debt dating back to 1987. These data show that households in the 35–44 age group were behind the ...

    • Norges Bank’s Printing Works – 190 Years of Banknote Production 

      Ravnsborg-Gjertsen, Peter; Sporastøyl, Jens Olav (Journal article, 2007)
      At the end of June 2007, Norges Bank’s Printing Works was shut down and banknote production in Norway came to an end. The decision to discontinue operations was made by the Executive Board in 2002. The first banknotes were ...

    • Payment Systems – a Potential Source of Risk. The Need for Oversight and Supervision 

      Haare, Harald; Sletner, Inger-Johanne (Journal article, 2007)
      Since the early 1990s, there has been increased attention on the risk banks incur through their role in the payment system. The primary focus has not been on the individual bank’s risk exposure but on the possibility of ...

    • Costs in the Payment System 

      Gresvik, Olaf; Haare, Harald (Journal article, 2009)
      This article presents the estimated costs in 2007 of the use and production of the most common Norwegian payment services: payment cards, giros and cash. The social cost of using and producing payment services was NOK 11 ...

    • Norwegian Covered Bonds – a Rapidly Growing Market 

      Bakke, Bjørn; Rakkestad, Ketil Johan; Dahl, Geir Arne (Journal article, 2010)
      Covered bonds (OMFs) were introduced in Norway in June 2007 and have already become an important source of funding for Norwegian financial services groups and banking alliances. The volume outstanding in NOK and foreign ...

    • Turbulence in Credit Markets – Mortgage Financing at Home and Abroad 

      Gjedrem, Svein (Journal article, 2007)

    • Economic Perspectives 

      Gjedrem, Svein (Journal article, 2008)

    • Jarle Bergo: A Professional Monetary Policymaker Steps Down 

      Isachsen, Arne Jon (Journal article, 2008)