International Banking Library

The International Banking Library is a web-based platform for the exchange of research on cross-border banking. It provides access to data sources, academic research, both theoretical and empirical on cross-border banking, as well as information on regulatory initiatives. The International Banking Library is associated with the International Banking Research Network (IBRN), a research network of Central Banks worldwide. The International Banking Library addresses researchers, policymakers, and students of international banking and economics in search of comprehensive information on international banking issues.

At the research frontier

NBER Working Paper – International Sanctions and Dollar Dominance

Author(s):Javier Bianchi and César Sosa-Padilla Date:March 2023 Abstract: This paper investigates the implications of international financial sanctions for the reserve currency status of the US dollar. We propose a simple model of a reserve currency, demonstrate how the anticipation of financial sanctions can weaken the dollar’s status, and evaluate the welfare implications.

CEPR Discussion Paper – Cross-Border Investment in Emerging Market Bonds: Stylized Facts and Security-Level Evidence from Europe

Author(s):Katharina Bergant, Gian Maria Milesi-Ferretti, and Martin Schmitz Date:February 2023 Abstract: We provide stylized facts on nonresident holdings of emerging market bonds and analyze the determinants of euro area investors’ purchases of such securities, using a comprehensive security-level dataset that tracks net transactions of individual bonds issued by emerging market economies. Euro area investors show[…]

CEPR Discussion Paper – The Global Dollar Cycle

Author(s):Maurice Obstfeld and Haonan Zhou Date:February 2023 Abstract: The U.S. dollar’s nominal effective exchange rate closely tracks global financial conditions, whichthemselves show a cyclical pattern. Over that cycle, world asset prices, leverage, and capital flowsmove in concert with global growth, especially influencing the fortunes of emerging and developingeconomies (EMDEs). This paper documents that dollar appreciation[…]

BIS Working Paper – Overcoming original sin: insights from a new dataset

Author(s):Mert Onen, Hyun Song Shin and Goetz von Peter Date:February 2023 Abstract: This paper introduces a new dataset on emerging market sovereign bonds, distinguishing between the currency of denomination and the residence of investors. Our dataset is on long-term government bonds and provides a more complete coverage of bonds issued in domestic markets. We document[…]

Bank of England Staff Working Paper – Negative rates, monetary policy transmission and cross-border lending via international financial centres

Author(s):Desislava Andreeva, Andra Coman, Mary Everett, Maren Froemel, Kelvin Ho, Simon Lloyd, Baptiste Meunier, Justine Pedrono, Dennis Reinhardt, Andrew Wong, Eric Wong and Dawid Żochowski Date:January 2023 Abstract: We study the effects of negative interest rate policies (NIRP) on the transmission of monetary policy through cross-border lending. Using bank-level data from international financial centres (IFCs)[…]

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YOUR CONTACT

Matias Ossandon Busch
Matias Ossandon Busch
Senior Economist at the Center for Latin American Monetary Studies
Lena Tonzer
Lena Tonzer
Assistant Professor at VU Amsterdam
ELEONORA SFRAPPINI
ELEONORA SFRAPPINI
Economist in the Department of Financial Markets