Eichler, StefanLittke, HelgeTonzer, Lena2025-05-282016https://epflicht.bibliothek.uni-halle.de/handle/123456789/3010859171205urn:nbn:de:gbv:3:2-546342413761We analyze the effect of central bank transparency on cross-border bank activities. Based on a panel gravity model for cross-border bank claims for 21 home and 47 destination countries from 1998 to 2010, we find strong empirical evidence that a rise in central bank transparency in the destination country, on average, increases cross-border claims. Using interaction models, we find that the positive effect of central bank transparency on cross-border claims is only significant if the central bank is politically independent. Central bank transparency and credibility are thus considered complements by banks investing abroad.1 Online-Ressource (III, 55 Seiten, 1,28 MB) : Diagramme, Kartenenghttp://rightsstatements.org/vocab/InC/1.0/330Book