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: The Anatomy of the Transmission of Macroprudential Policies

Author(s): Viral V. Acharya, Katharina Bergant, Matteo Crosignani, Tim Eisert, and Fergal J. McCann Date: May 2020 Abstract: We analyze how regulatory constraints on household leverage—in the form of loan-to-income and loan-to-value limits—affect residential mortgage credit and house prices as well as other asset classes not directly targeted by the limits. Supervisory loan level data[…]

IMF Working Paper: Effects of Macroprudential Policy: Evidence from Over 6,000 Estimates

Author(s):Juliana Dutra Araujo, Manasa Patnam, Adina Popescu, Fabian Valencia, and Weijia Yao Date:May 22, 2020 Abstract: This paper builds a novel database on the effects of macroprudential policy drawing from 58 empirical studies, comprising over 6,000 results on a wide range of instruments and outcome variables. It encompasses information on statistical significance, standardized magnitudes, and[…]

CEPR Discussion Paper: Leaning against the wind and crisis risk

Author(s): Moritz Schularick, Lucas Ter Steege and Felix Ward Date: May 2020 Abstract: Can central banks defuse rising stability risks in financial booms by leaning against the wind with higher interest rates? This paper studies the state-dependent effects of monetary policy on financial crisis risk. Based on the near-universe of advanced economy financial cycles since[…]

CEPR Discussion Paper: Forward interest rates as predictors of future US and UK spot rates before and after the 2008 financial crisis

Author(s): Michael R. Wickens Date: May 2020 Abstract: A feature of the financial crisis rarely mentioned in the academic literature is that forward interest rates remained persistently higher than future spot rates. Yet according to the expectations hypothesis forward interest rates are unbiased predictors of future spot rates. More general theories attribute the forecast errors[…]

CEPR Discussion Paper: Unintended Consequences of the Global Derivatives Market Reform

Author(s): Pauline Gandré, Mike Mariathasan, Ouarda Merrouche and Steven Ongena Date: May 2020 Abstract: We investigate regulatory arbitrage during the G20’s global derivatives market reform. We handcollect comprehensive data on the staggered reform process and show that its progress is primarily driven by structural time-invariant factors. Following the reform banks shift up to 70 percent[…]

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YOUR CONTACT

Hannes Böhm
Hannes Böhm
Economist in the Department of Financial Markets
Matias Ossandon Busch
Matias Ossandon Busch
Economist in the Department of Financial Markets
Lena Tonzer
Lena Tonzer
Assistant Professor at Martin Luther University Halle-Wittenberg