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, researchers from fifteen central banks and two international organizations use micro-banking data in conjunction with a novel data set of prudential instruments to study international spillovers of prudential policy changes and their effects on bank lending growth. The collective analysis has three main findings. First, the effects of prudential instruments sometimes spill over 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, the effects of 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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Staff Report ; No. 801
- Classification
-
Wirtschaft
International Lending and Debt Problems
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Subject
-
international banking
macroprudential
regulation
spillovers
lending
- Event
-
Geistige Schöpfung
- (who)
-
Buch, Claudia M.
Goldberg, Linda S.
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of New York
- (where)
-
New York, NY
- (when)
-
2016
- 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 S.
- Federal Reserve Bank of New York
Time of origin
- 2016
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
Information or Regulation: What Is Driving the International Activities of Commercial Banks?
Grußwort
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
Information or Regulation: What Is Driving the International Activities of Commercial Banks?
Grußwort
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
Information or Regulation: What Is Driving the International Activities of Commercial Banks?
Grußwort
The great risk shift?: income volatility in an international perspective
Business Cycle Volatility and Globalization: A Survey