Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/141306
Authors: 
Eichler, Stefan
Littke, Helge
Tonzer, Lena
Year of Publication: 
2016
Series/Report no.: 
IWH Discussion Papers 16/2016
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 a rise in 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 complements by banks investing abroad.
Subjects: 
central bank transparency
cross-border banking
gravity model
JEL: 
E58
F30
G15
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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