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International Banking and Liquidity Risk Transmission: Evidence from Poland

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  • Malgorzata Pawlowska
  • Dobromil Serwa
  • Slawomir Zajaczkowski

Abstract

This study analyzes the effect of liquidity risk in large international banks and its transmission to Polish subsidiaries and branches of these international banks in recent years. Polish banks reacted to the increase of liquidity risk within the markets where the parent institutions were located. Foreign-owned banks with higher net liabilities from their parent institutions received more funding from abroad and supplied more loans, including FX housing loans, than other banks in response to the shocks occurring during the global financial crisis. Lending and foreign funding of locally owned banks was also affected by liquidity risk. The results suggest that intragroup links between banking institutions can serve both as an important channel for the international transmission of liquidity risk and as a stabilizing mechanism during liquidity crises.

Suggested Citation

  • Malgorzata Pawlowska & Dobromil Serwa & Slawomir Zajaczkowski, 2015. "International Banking and Liquidity Risk Transmission: Evidence from Poland," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(3), pages 585-605, November.
  • Handle: RePEc:pal:imfecr:v:63:y:2015:i:3:p:585-605
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    Cited by:

    1. Brzoza-Brzezina, Michał & Kolasa, Marcin & Makarski, Krzysztof, 2018. "Crisis, contagion and international policy spillovers under foreign ownership of banks," Journal of Financial Stability, Elsevier, vol. 36(C), pages 293-304.
    2. 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.
    3. Cetorelli, Nicola & Goldberg, Linda S., 2016. "Organizational complexity and balance sheet management in global banks," Staff Reports 772, Federal Reserve Bank of New York.
    4. Malgorzata Pawlowska, 2015. "The impact of market structure and the business cycle on bank profitability: the role of foreign ownership. The case of Poland," NBP Working Papers 229, Narodowy Bank Polski, Economic Research Department.
    5. Malgorzata Pawlowska, 2016. "The impact of market structure and the business cycle on bank profitability: does the SCP paradigm work? A case study in Poland prior to and during the financial crisis," IFC Bulletins chapters,in: Bank for International Settlements (ed.), Combining micro and macro data for financial stability analysis, volume 41 Bank for International Settlements.
    6. repec:sgh:annals:i:47:y:2017:p:143-156 is not listed on IDEAS

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