Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/210876
Authors: 
Norring, Anni
Year of Publication: 
2019
Series/Report no.: 
ESRB Working Paper Series 101
Abstract: 
In this paper I study how the effects of nationally implemented macroprudential policy spill across borders via international lending. For a set of 157 countries, I estimate a gravity model applied to international banking where the use of different macroprudential policy measures enter as friction variables. My findings support the existence of crossborder spillovers from macroprudential policy. Moreover, I find that the overall effect from more macroprudential regulation is highly dependent on the income group of the countries in which banks operate: The effect is of opposite sign for advanced and for emerging economies. I argue that the difference may tell of banks having more opportunities for regulatory arbitrage in emerging market economies.
Subjects: 
macroprudential policy
International banking
Policy spillovers
JEL: 
F42
G15
G21
Persistent Identifier of the first edition: 
ISBN: 
978-92-9472-115-0
Document Type: 
Working Paper

Files in This Item:
File
Size
578.97 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.