The International Banking Research Network (IBRN) brings together central bank researchers from around the world to analyze issues pertaining to global banks.
It was established in 2012 by Austrian, German, U.S., and U.K. researchers who saw a need for joint analysis of key questions, such as the role of cross-border
banking in the transmission of financial shocks. The group has now expanded to include economists and analysts from a broad group of central banks, as well as
the Bank for International Settlements and the International Monetary Fund.
A common underlying theme of research conducted in the IBRN is the use of micro-level data to better understand the consequences of global banking.
Country teams work on the same topic in parallel, bringing their distinct, bank-level data sets to bear on the development of comparable cross-country
evidence. Although underlying regulatory data cannot be made public, the results of the common analysis can be shared to inform policy dialogue.
Since the initiative launched, IBRN participants have presented the results of a first set of research studies from 2013 in regular network meetings and
a second set of studies for 2014 is underway. The work is expected to find outlets in broader policy forums, working papers, and economics journals.
The IBRN aims to:
- Improve policy discussion and analytical work by using bank-level data collected in regulatory reporting.
- Investigate the causes, channels, and consequences of shock transmission through internationally active banks.
- Explore the sources of heterogeneity in adjustment across banks and across countries.
- Encourage international collaboration and dialogue.
Our "Highlights" section outlines 2013-14 research themes.
2013 Project Offers Insight into Liquidity Risk Transmission
IBRN's first research project explores how funding shocks affecting parent banks are transmitted into foreign countries through their cross-border banking activities.
Eleven countries engaged in common analytical analyses, generating insights into the relative adjustment of lending in domestic and foreign markets and the ranking of sensitivities in channels for international transmission.
A New York Fed study presents an overview of the analysis and findings. Check out Linda Goldberg and Claudia Buch's International
Banking and Liquidity Risk Transmission: Lessons from across Countries in the Bank's Staff Reports series. The eleven country studies
are listed below, with links provided where available.
- Reserve Bank of Australia
- Liquidity Shock Transmission through Australian Banks
- Rochelle Guttmann
- Oesterreichische Nationalbank
- Shock Transmission through International Banks: Austria
- Esther Segalla
- Bank of Canada
- Shock Transmission through International Banks: Canada
- James Chapman and H. Evren Damar
- Banque de France
- Shock Transmission through International Banks: Evidence from France
- Matthieu Bussière, Boubacar Camara, François-Daniel Castellani, Vincent Potier, and Julia Schmidt
- Deutsche Bundesbank
- Internal Capital Markets, Government Support, and How German Banks Adjust to Liquidity Shocks
- Cornelia Kerl and Cathérine Koch
- Hong Kong Monetary Authority
- Implications of Liquidity Management of Global Banks for Host Countries: Evidence from Foreign Bank Branches in Hong Kong
- Eric Wong, Andrew Tsang, and Steven Kong
- Central Bank of Ireland
- Banks' Internal Capital Markets, Official Liquidity, and International Shock Transmission: An Irish Illustration
- Mary Everett, Jane Kelly, and Fergal McCann
- Banca D'Italia
- Shock Transmission through International Banks: The Italian Case
- Marianna Caccavaio, Luisa Carpinelli, Giuseppe Marinelli, and Enrico Sette
- Central Bank of Poland
- International Transmission of Liquidity Shocks between Parent Banks and Their Affiliates: The Host Country Perspective
- Malgorzata Pawlowska, Dobromil Serwa, and Slawomir Zajączkowski
- Bank of England
- The International and Domestic Transmission of Bank Liquidity Shocks: Evidence from the United Kingdom
- Robert Hills, John Hooley, Yevgeniya Korniyenko, and Tomasz Wieladek
- Federal Reserve
- Liquidity Risk and U.S. Bank Lending at Home and Abroad
- Ricardo Correa, Linda Goldberg, and Tara Rice
INTERNATIONAL BANKING LIBRARY LAUNCHES
The Halle Institute for Economic Research has introduced the International Banking Library for researchers, policymakers, and students in search of comprehensive information on international banking issues.
The website, produced by scholars associated with the IBRN, offers for access to data sources, theoretical and empirical academic research on global banking themes, and information on regulatory initiatives.