Does breeding two shiny Pokemon make a shiny baby?

With breeding 2 normal Pokemon, the chances of getting a shiny Pokemon are 1 in 8,192.

By breeding 2 Pokemon from different countries, the chances of the offspring being shiny is 1 in 2028.

With a shiny female Pokemon and breeding, the chances of that Pokemon being shiny is 1 in 64.

so, yes, it is possible, but it takes forever.