Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network
---- Acknowledgments ----
The authors thank participants of the International Banking Research Network, in particular Matthieu Bussiere, Jana Ohls, and Dennis Reinhardt, for many thoughtful exchanges and contributions. Special thanks go to the teams that prepared the prudential instruments database (Eugenio Cerutti, Ricardo Correa, Elisabetta Fiorentino, and Esther Segalla) in collaboration with the International Monetary Fund and to all country teams providing the input for the meta-analysis. Simone Auer, Stijn Claessens, Ricardo Correa, Ralph De Haas, John Driscoll, Martial Dupaigne, Peter Egger, Alexander Guembel, Galina Hale, Robert Hills, Christian Hellwig, Augustin Landier, Ouarda Merrouche, Camelia Minoiu, Gianmarco Ottaviano, Alexander Popov, Rhiannon Sowerbutts, and Phil Strahan provided valuable comments on an earlier draft of this paper. Excellent research assistance was provided by Jacob Conway and Guzel Valitova. The views expressed in this paper are solely those of the authors and should not be interpreted as reflecting the view of the Federal Reserve Bank of New York, the Federal Reserve System, the Deutsche Bundesbank, or the National Bureau of Economic Research. All errors are our own.