Arbeitspapier
Cross-border prudential policy spillovers: How much? How important? Evidence from the international banking research network
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in recent years. In this multi-study initiative of the International Banking Research Network (IBRN), researchers from 15 central banks and 2 international organizations use micro-banking data in conjunction with a novel dataset of prudential instruments to study international spillovers of prudential policy changes for bank lending growth. The collective analysis has three main findings. First, prudential instrument effects sometimes spill over across borders through bank lending. Second, international spillovers vary across prudential instruments and are heterogeneous across banks. Bank-specific factors like balance sheet conditions and business models drive the amplitude and direction of spillovers to lending growth rates. Third, international spillovers of prudential policy on loan growth rates have not been large on average. However, our results tend to underestimate the full effect by focusing on adjustment along the intensive margin and by analyzing a period in which relatively few countries implemented country-specific macroprudential policies.
- ISBN
-
978-3-95729-341-1
- Language
-
Englisch
- Bibliographic citation
-
Series: Bundesbank Discussion Paper ; No. 02/2017
- Classification
-
Wirtschaft
Financial Crises
International Lending and Debt Problems
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Subject
-
international banking
macroprudential
regulation
spillovers
lending
- Event
-
Geistige Schöpfung
- (who)
-
Buch, Claudia M.
Goldberg, Linda
- Event
-
Veröffentlichung
- (who)
-
Deutsche Bundesbank
- (where)
-
Frankfurt a. M.
- (when)
-
2017
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Buch, Claudia M.
- Goldberg, Linda
- Deutsche Bundesbank
Time of origin
- 2017
Other Objects (12)
Cross-border prudential policy spillovers: How much? how important? Evidence from the International Banking Research Network
Cross-Border Banking and Transmission Mechanisms: The Case of Europe
Gustav von Schmoller-Vorlesung, 5. Konferenz für Sozial- und Wirtschaftsdaten: Die Internationalisierung deutscher Banken und Unternehmen aus Perspektive der Mikrodaten
Cross-Border Bank Mergers: What Lures the Rare Animal?
FDI versus cross-border financial services: The globalisation of German banks
Cross-border diversification in bank asset portfolios
What Determines Maturity? An Analysis for Foreign Assets of German Commercial Banks
Grußwort
Information or Regulation: What Is Driving the International Activities of Commercial Banks?
The great risk shift?: income volatility in an international perspective
Business Cycle Volatility and Globalization: A Survey
Financial Market Integration in a Monetary Union
Cross-border prudential policy spillovers: How much? how important? Evidence from the International Banking Research Network
Cross-Border Banking and Transmission Mechanisms: The Case of Europe
Gustav von Schmoller-Vorlesung, 5. Konferenz für Sozial- und Wirtschaftsdaten: Die Internationalisierung deutscher Banken und Unternehmen aus Perspektive der Mikrodaten
Cross-Border Bank Mergers: What Lures the Rare Animal?
FDI versus cross-border financial services: The globalisation of German banks
Cross-border diversification in bank asset portfolios
What Determines Maturity? An Analysis for Foreign Assets of German Commercial Banks
Grußwort
Information or Regulation: What Is Driving the International Activities of Commercial Banks?
The great risk shift?: income volatility in an international perspective
Business Cycle Volatility and Globalization: A Survey
Financial Market Integration in a Monetary Union
Cross-border prudential policy spillovers: How much? how important? Evidence from the International Banking Research Network
Cross-Border Banking and Transmission Mechanisms: The Case of Europe
Gustav von Schmoller-Vorlesung, 5. Konferenz für Sozial- und Wirtschaftsdaten: Die Internationalisierung deutscher Banken und Unternehmen aus Perspektive der Mikrodaten
Cross-Border Bank Mergers: What Lures the Rare Animal?
FDI versus cross-border financial services: The globalisation of German banks
Cross-border diversification in bank asset portfolios
What Determines Maturity? An Analysis for Foreign Assets of German Commercial Banks
Grußwort
Information or Regulation: What Is Driving the International Activities of Commercial Banks?
The great risk shift?: income volatility in an international perspective
Business Cycle Volatility and Globalization: A Survey