Economic Review (Kansallis) articles from March 1991

Economic Review (Kansallis) archives from March 1991

The economy at the crossroads. (Finland) (editorial)
March 22, 1991... The Government to be formed after the spring 1991 elections will have to deal with issues of vital importantce for the future. A number of decisions will be made during the next parliamentary term that will set the patter for Finland's...

Changes in the Soviet banking system.
March 22, 1991... On the walls of the entrance hall to the Soviet central bank in Moscow are written the words of the founder of the Soviet State, V.I. Lenin: "United the State Bank, the greatest of the great, with a branch in every province, every factory - it...

The bank credit market and business fluctuations.
March 22, 1991... Bank credit markets have recently attracted much attention throughout the world. The problems of the banking sector have become acute in the United States and Norway, in particular. In both countries, the public sector has had to support...

Economic outlook for Finland in Spring 1991.
March 22, 1991... Period of slow growth ahead After continuing for almost the whole of the 1980s, the upswing in the Finnish economy eventually culminated in a clear overheating in activity. In the period 1987-89, the volume of real GDP increased by a...

Economic outlook for Finland for 1991-1995.
March 22, 1991... Finland's economic growth slowed even faster than expected last year and the economic recession appears to be deepening into a depression in the current year. Market interest rates have for long been at a high level, which has aided endeavours...

Foreign trade and balance of payments. (Economic Developments in Finland)
March 22, 1991... The trade account will move into black this year In the 1990s, foreign trade will be conducted in a quite different environment from that we have been accustomed to in the post-war period. The termination of the bilateral trade...

Consumption and investment. (Economic Developments in Finland)
March 22, 1991... The growth of households' wage and salary earnings slowed markedly in the final months of 1990 as the labour input declined. Thus, households' real disposable income increased by only 1.5 %. If the tax rebates for the tax year 1989 had been...

Production. (Economic Developments in Finland)
March 22, 1991... After a long period of strong economic growth, the Finnish economy became overheated at the end of the 1980s. It was necessary to restrict economic growth by means of high interest rates, which restrained domestic demand. When, moreover, the...

Employment. (Economic Developments in Finland)
March 22, 1991... The rate of unemployment started to rise in the final months of 1990, but thanks to the good employment situation early in the year, the average rate of unemployment for the year as a whole was same in the previous year, i.e. 3.5%. With total...

Prices, incomes and costs. (Economic Developments in Finland)
March 22, 1991... The rise in prices and costs slowed distinctly in 1990, although the price of crude oil was high during the autumn as a result of the Gulf crisis. Dwelling prices declined and this helped to slow inflation. If dwelling prices had been...

Public finance. (Economic Developments in Finland)
March 22, 1991... The rapid deceleration in economic growth reduced the growth of central government tax receipts towards the end of last year. According to preliminary data, the surplus of the central government sector amounted to about FIM 4 billion, which is...

Financial markets. (Economic Developments in Finland)
March 22, 1991... Lower interest rates expected In 1990, short-term domestic interest rates fell until the beginning of June. Even at the beginning of August, the three-month HELIBOR stood at 12.1 %. The differential in relation to the three-month rate...

The securities market. (Economic Developments in Finland)
March 22, 1991... Share market The year 1990 will go down in the history of the Helsinki Stock Exchange as one of preparation for depression. Perhaps the Helsinki bourse, which has been cited as being inefficient, did after all foresee the deepness of...

International foreign exchange, financial and commodity markets.
March 22, 1991... The value of the US dollar on the foreign exchange markets has fluctuated for more than six months, first along with the escalation in tension in the Gulf conflict and with the progress in the war. In the background, there has been a rapid and...