Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/334518 
Year of Publication: 
2025
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 13/2025
Publisher: 
Bank of Finland, Helsinki
Abstract: 
We construct a geopolitical risk indicator for Finland using local, Finnish language news media - FinnGPR. We compare FinnGPR to global and country-specific measures of geopolitical risk derived from Anglo-Saxon media. We show that in the case of Finland, local geopolitical risk perceptions based on local news media differ from global attention on geopolitical risk in Finland as reflected in the global media. We study the effects of FinnGPR on the Finnish economy and find that the Finnish economy tends to be resilient to geopolitical risk shocks. Nevertheless, we find that geopolitical risks can represent a threat to Finnish financial market stability.
Subjects: 
geopolitical risk
local perceptions
geopolitical attention
news-based index
macroeconomic stability
financial stability
JEL: 
D80
E44
F50
G0
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.