imported>InternetArchiveBot: Rescuing 1 sources and tagging 0 as dead.) #IABot (v2.0.9.5

2024-07-27T02:22:55Z

Rescuing 1 sources and tagging 0 as dead.) #IABot (v2.0.9.5

New page

[[Image:Helibor1990-1998-small.png|thumb|300px|1-month, 3-month and 12-month Helibor rates in 1990–1998]]
'''Helibor''' (''Helsinki Interbank Offered Rate'') was a [[reference rate]] that was used in 1987–1998 on the [[Finland|Finnish]] [[interbank market]]. It was calculated each day as an average of the interest rates at which the banks offered to lend unsecured, [[Finnish markka]] nominated funds to each other.

Helibor was quoted for 1, 2, 3, 6, 9 and 12 month [[maturity (finance)|maturities]]. It was widely used as a reference rate for company loans<ref name="vaihekoski">Mika Vaihekoski. [http://lta.hse.fi/1997/4/lta_1997_04_a8.pdf The Finnish Stock Market: Recent Trends and Important Events] {{Webarchive|url=https://web.archive.org/web/20110720182604/http://lta.hse.fi/1997/4/lta_1997_04_a8.pdf |date=2011-07-20 }}. Liiketaloudellinen Aikakauskirja — The Finnish Journal of Business Economics, 4/1997.</ref> and housing loans.<ref name="booth">G. Geoffrey Booth et al. [http://www.knowledgeplex.org/kp/text_document_summary/scholarly_article/relfiles/jhr_0502_booth.pdf The financing of residential real estate in Finland: an overview.] {{Webarchive|url=https://web.archive.org/web/20110718113052/http://www.knowledgeplex.org/kp/text_document_summary/scholarly_article/relfiles/jhr_0502_booth.pdf |date=2011-07-18 }} Journal of Housing Research 5(2). 1994.</ref> Before deregulation and floating the currency, it was rather high compared to the rest of the Western world, meaning that for instance mortgage interest rates were regularly ca. 15%. This so-called ''Suomi-lisä'' was removed by deregulation.

The [[Bank of Finland]] began publishing Helibor rates officially in May 1987.<ref name="vaihekoski"/> Helibor was quoted for the last time on December 31, 1998, after which it was replaced with the [[Euribor]].

Fluctuations in the Helibor played a prominent role in the [[Finnish banking crisis of 1990s|Finnish banking crisis]] in the late 1980s and early 1990s.

==External links==
* [http://www.bof.fi/en/tilastot/korot/taulukot.htm Bank of Finland: Old helibor interest rates 1990 – 98]

==References==
<references/>

{{Reference rates}}

[[Category:Reference rates]]

Helibor - Revision history

imported>InternetArchiveBot: Rescuing 1 sources and tagging 0 as dead.) #IABot (v2.0.9.5