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Central Bank Transparency and Cross-Border Banking

Helge C. N. Littke, Stefan Eichler and Lena Tonzer

VfS Annual Conference 2016 (Augsburg): Demographic Change from Verein für Socialpolitik / German Economic Association

Abstract: We analyze the effect of central bank transparency on cross-border bank activities. Based on a panel gravity model for cross-border bank claims for 21 home and 47 destination countries from 1998 to 2010, we find strong empirical evidence that central bank transparency in the destination country on average increases cross-border claims. Using interaction models, we find that the positive effect of central bank transparency on cross-border claims is only significant if the central bank is politically independent. Central bank transparency and credibility are thus considered as complements by banks investing abroad.

JEL-codes: E58 F30 G15 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-ban, nep-cba, nep-ifn and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Central bank transparency and cross-border banking (2017) Downloads
Working Paper: Central Bank Transparency and Cross-border Banking (2016) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc16:145598

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