25 Years IWH

Helge Littke

Helge Littke
Current Position

since 9/14

Economist in the Department of Financial Markets

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

Research Interests

  • central bank communication and interaction with financial markets

Helge Littke joined the Department of Financial Markets at IWH as a PhD student in September 2014. His research focus is on central bank communication and interaction with financial markets.

From 2008 to 2014, Helge Littke studied Applied Economics (BSc and MSc) at the University of Osnabrueck.

Your contact

Helge Littke
Helge Littke
Mitglied - Department Financial Markets
Send Message +49 345 7753-705

Publications

Central Bank Transparency and Cross-border Banking

Stefan Eichler Helge Littke Lena Tonzer

in: Journal of International Money and Finance , No. 6, 2017

Abstract

We 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 and operates in a stable economic environment. Central bank transparency and credibility are thus considered complements by banks investing abroad.

read publication

Working Papers

cover_DP_2016-16.jpg

Central Bank Transparency and Cross-border Banking

Stefan Eichler Helge Littke Lena Tonzer

in: IWH Discussion Papers , No. 16, 2016

Abstract

We 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.

read publication

cover_DP_2017-22.jpg

Central Bank Transparency and the Volatility of Exchange Rates

Stefan Eichler Helge Littke

in: IWH Discussion Papers , No. 22, 2017

Abstract

We analyze the effect of monetary policy transparency on bilateral exchange rate volatility. We test the theoretical predictions of a stylized model using panel data for 62 currencies from 1998 to 2010. We find strong empirical evidence that an increase in the availability of information about monetary policy objectives decreases exchange rate volatility. Using interaction models, we find that this effect is more pronounced for countries with a lower flexibility of goods prices, a lower level of central bank conservatism, and a higher interest rate sensitivity of money demand.

read publication
Mitglied der Leibniz-Gemeinschaft LogoTotal-Equality-LogoWeltoffen Logo