E-mail alert  |  Contact  
Search:       Go  
Background  |   Sponsoring institutions  |   Editorial board   |   Advisory board   |   Associate editors
Call for papers  |   Submission guidelines  |   Editorial process
Current issue  |   Past issues  |  
March 2017 issue
List of authors
 
Buch, Goldberg
Damar, Mordel
Auer, Ganarin, Towbin
Jara, Cabezas
Ohls, Pramor, Tonzer
Bussière, Schmidt, Vinas
Ho, Wong, Tan
Caccavaio, Carpinelli, Marinelli
Levin-Konigsberg, López, López-Gallo, Martínez-Jaramillo
Park, Lee
Frost, de Haan, van Horen
Gajewski, Krzesicki
Bonfim, Costa
Başkaya, Binici, Kenç
Hills, Reinhardt, Sowerbutts, Wieladek
Berrospide, Correa, Goldberg, Niepmann
Cerutti, Correa, Fiorentino, Segalla
Avdjiev, Koch, McGuire, von Peter
IJCB Home   Read the journal   Past issue
Past issues
2017
 
September
June
March
February
2016
 
December
September
June
March
2015
 
December
September
June
March
January
2014
 
December
September
June
March
2013
 
December
September
June
March
January
2012
 
December
September
June
March
January
2011
 
December
September
June
March
2010
 
December
September
June
March
2009
 
December
September
June
March
2008
 
December
September
June
March
2007
 
December
September
June
March
2006
 
December
September
June
March
2005
 
December
September
May

International Banking and Cross-Border Effects of Regulation: Lessons from the Netherlands

by Jon Frosta,b, Jakob de Haana,c,d and Neeltje van Horena,e

Abstract

The large and concentrated international activities of Dutch banks make the Netherlands particularly relevant for assessing the outward transmission of prudential policies. Analysis of the quarterly international claims of twenty-five Dutch banks in sixty-three countries over 2000–13 indicates that Dutch banks increase lending in countries that tighten prudential regulation. This result is driven particularly by larger banks, by banks with higher deposit ratios, by lending to advanced economies, and by lending in the post-crisis period. The result is not significant in most other subsamples. These findings suggest that banks react to changes in local prudential regulation via foreign lending—which could come either from regulatory arbitrage or from signaling effects of prudential policy on country risk. This contributes to the case for the reciprocation of macroprudential policy.

JEL Codes: F42, F44, G15, G21.

 
Full article (PDF, 21 pages, 1079 kb)


a De Nederlandsche Bank, Amsterdam, The Netherlands
b VU University, Amsterdam, The Netherlands
c University of Groningen, Groningen, The Netherlands
d CESifo
e CEPR