International Prudential Policy Spillovers: A Global Perspective
Stefan Avdjiev,
Cathérine Koch,
Patrick McGuire and
Goetz von Peter (goetz.von.peter@bis.org)
Additional contact information
Cathérine Koch: Bank for International Settlements
Authors registered in the RePEc Author Service: Catherine Tahmee Casanova,
Linda S. Goldberg and
Claudia M. Buch
International Journal of Central Banking, 2017, vol. 13, issue 2, 5-33
Abstract:
We evaluate the We combine the BIS international banking statistics with the IBRN Prudential Instruments Database in a global study analyzing the effect of prudential measures on international lending. Our bilateral setting, which features multiple home and destination countries, allows us to simultaneously estimate both the international transmission and the local effects of such measures. We find that changes in macroprudential policy via loan-to-value limits and local-currency reserve requirements have a significant impact on international bank lending. Balance sheet characteristics play an important role in determining the strength of these effects, with better-capitalized banking systems and those with more liquid assets and less core deposit funding reacting more. Overall, our results suggest that the tightening of these macroprudential measures can be associated with international spillovers.
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (46)
Downloads: (external link)
http://www.ijcb.org/journal/ijcb17q1a18.pdf (application/pdf)
http://www.ijcb.org/journal/ijcb17q1a18.htm (text/html)
Related works:
Working Paper: International prudential policy spillovers: a global perspective (2016) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ijc:ijcjou:y:2017:q:1:a:18
Access Statistics for this article
International Journal of Central Banking is currently edited by Loretta J. Mester
More articles in International Journal of Central Banking from International Journal of Central Banking
Bibliographic data for series maintained by Bank for International Settlements (webmaster@bis.org).