| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22874 |
| 来源ID | Working Paper 22874 |
| Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network | |
| Claudia M. Buch; Linda Goldberg | |
| 发表日期 | 2016-12-05 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | 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 dataset 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. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w22874 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580548 |
| 推荐引用方式 GB/T 7714 | Claudia M. Buch,Linda Goldberg. Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22874.pdf（542KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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