Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145598
Authors: 
Littke, Helge C. N.
Eichler, Stefan
Tonzer, Lena
Year of Publication: 
2016
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Banks: Empirical Evidence F03-V3
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: 
E58
F30
G15
Document Type: 
Conference Paper

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