Policy-Oriented Writings

Most of my policy-oriented writings (some of which are peer-reviewed) are in Finnish. Writings in English include: 

• "Bank Transparency Regulation and Stress Tests: What Works and What Does Not", VoxEU Column, April 17, 2023, with Diego Moreno.

• "Competition and Regulation in the Finnish ATM Industry", BoF Economics Review 8/2021, with Tuomas Markkula.

• "Optimal Patent Policy for Pharmaceuticals: Balancing Access and Innovation for New Drugs", VoxEU Column, August 25, 2020, with Tanja Saxell and Olena Izhak.

• "Economics of the Finnish Innovation Policy". Report for the Finland's Economic Policy Council, 2018, with Otto Toivanen.

• “Economics of Innovation Policy”. In T. M. Andersen and J. Roine (eds) Nordic Economic Policy Review: Whither the Nordic Welfare Model? pp. 65-90. Copenhagen: Nordic Council of Ministers, 2016, with Otto Toivanen. 

• "Efficient Retail Payments: An Untapped Source for Reviving Growth in Europe", VoxEU Column, January 24, 2014, with Iftekhar Hasan.

• "Applying for R&D subsidies: Evidence from Finland", In O. Toivanen (ed.) R&D Subsidy Applications: E-book on i) Firm Application Behavior; ii) R&D Agency Decision Making; iii) Structural Modeling, pp. 4-13. SIMPATIC, August 2013, with Otto Toivanen.

• "R&D subsidy rate decisions: Evidence from Finland", In O. Toivanen (ed.) R&D Subsidy Applications: E-book on i) Firm Application Behavior; ii) R&D Agency Decision Making; iii) Structural Modeling, pp. 81-95. SIMPATIC, August 2013, with Otto Toivanen.

• "A structural model of the R&D subsidy process", In O. Toivanen (ed.) R&D Subsidy Applications: E-book on i) Firm Application Behavior; ii) R&D Agency Decision Making; iii) Structural Modeling, pp. 164-196. SIMPATIC, August 2013, with Tanja Tanayama and Otto Toivanen.  

• "Who Owns Mobile Money?" PYMTS: Business Wire, October 15, 2009, with Ari Hyytinen.

  •  "Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single Euro Payments Area"  In L. Anderloni, D.T. Llewellyn, and R. H. Schmidt (eds.) Financial Innovation in Retail and Corporate Banking, pp. 170-198. Edward Elgar Publishing: Cheltenham (2009), with Bob Hunt and Samuli Simojoki.  Peer-reviewed and award-winning.

  • A previous version published as Federal Reserve Bank of Philadadelphia Working Papers 07-20.

• "Entry to a Declining Market: The Case of ATMs in Finland", unpublished manuscript, September 2008.

• "Supervision of the European Banking Market? Comment". In H. Berger and T. Mouton (eds) Designing the New European Union, pp. 223-228. Elsevier: Oxford (2007).

• "Agency Problems in the Design of Bank Regulatory and Supervisory Structures: The Case of EMU. Comment". In D.G. Mayes and G.E. Wood (eds.) The Structure of Financial Regulation, pp. 260-263. Routledge: London (2007) .

• “Investor Protection and Financial Development in Finland”. In A. Hyytinen and M. Pajarinen (eds.) Financial Systems and Firm Performance: Theoretical and Empirical Perspectives, pp. 65-96. Taloustieto Ltd: Helsinki (2003), with A. Hyytinen and I. Kuosa.