Economic Review (Kansallis) articles from March 1993

Economic Review (Kansallis) archives from March 1993

Risks under control. (evaluation of Finland's economic policy)
March 22, 1993... A drop of more than a tenth in Finland's total output, a fivefold increase in unemployment, soaring public debt, a wave of bankruptcies in the business sector and a banking crisis following in the wake of credit losses constitute a gloomy start...

Cyclical sensitivity, susceptibility to disturbances and the structure of foreign trade.
March 22, 1993... In all studies concerned with the economic effects of integration it has been concluded that a significant part of quantifiable integration benefits would accrue through European Economic and Monetary Union (EMU). At the same time it has been...

How should wages be determined in Finland?
March 22, 1993... The institutional framework for wage determination can be evaluated in terms of three criteria: efficiency, income distribution and economic stability. Income distribution issues can most efficiently be dealt with by means of progressive...

Outlook for the Finnish economy.
March 22, 1993... Better times around the corner? After economic activity collapsed in Finland a couple of years ago, it was optimistically believed that the following year would usher in better times. A year ago, it was forecast that the growth of total output...

The Finnish economy.
March 22, 1993... I Foreign trade and the balance of payments Exports grew substantially in 1991, eventhough export markets actually expanded less than expected. Finland's price competitiveness improved by about a third as a result of the weaker markka and a...

Finland's financial markets.
March 22, 1993... I Central bank policy, interest rates and the value of the markka Ultimate objective of monetary policy made more explicit With the floating of markka, the central bank's goals have seemed unclear. Immediately after the decision to let the...

Bank support and its use. (Finland) (Industry Overview)
March 22, 1993... By mid-February, a total of FIM 34.4 billion had been used in support of the banks. Of the total, FIM 28.3 billion had been provided to the savings banks group. Including this spring's supplementary budget and the support provided by the Bank of...

The international economy. (forecasts)
March 22, 1993... I Outlook for the international economy and financial markets The outlook for the international economy is currently marked by an unusually clear dichotomy: in the United States recovery is under way whereas in a large part of Europe and in...