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

Author

Listed:
  • Hyunggeun Park

    (Bank of Korea)

  • Jungyeoun Lee

    (Bank of Korea)

Abstract

This paper analyzes the inward spillover effects of overseas prudential policy changes through foreign bank affiliates in Korea. We do not find strong evidence of inward spillover effects: in general, a change in the prudential policies in the home countries of foreign bank affiliates has not led to significant changes in the lending behaviors of the bank affiliates in Korea. However, for some prudential measures such as sectoralspecific capital buffers and reserve requirements, we observe negative correlations between home countries’ tightening of those instruments and the changes in their lending.

Suggested Citation

  • Hyunggeun Park & Jungyeoun Lee, 2017. "International Banking and Cross-Border Effects of Regulation: Lessons from Korea," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 271-292, March.
    • Handle: RePEc:ijc:ijcjou:y:2017:q:1:a:10
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    Cited by:

    1. Gajewski, Krzysztof & Jara, Alejandro & Kang, Yujin & Mok, Junghwan & Moreno, David & Serwa, Dobromił, 2019. "International spillovers of monetary policy: Lessons from Chile, Korea, and Poland," Journal of International Money and Finance, Elsevier, vol. 90(C), pages 175-186.
    2. Financial Stability Committee, Task Force on cross-border Spillover Effects of macroprudential measures & Kok, Christoffer & Reinhardt, Dennis, 2020. "Cross-border spillover effects of macroprudential policies: a conceptual framework," Occasional Paper Series 242, European Central Bank.
    3. Diana Bonfim & Sónia Costa, 2017. "International Banking and Cross-Border Effects of Regulation: Lessons from Portugal," International Journal of Central Banking, International Journal of Central Banking, vol. 13(2), pages 341-377, March.

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