The Impact of Monetary Policy on Investment Bank Profitability in Unequal Economies

Bernard Gilroy, Alexander Golderbein, Christian Peitz () and Nico Stoeckmann
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Alexander Golderbein: University of Paderborn
Christian Peitz: University of Paderborn
Nico Stoeckmann: University of Paderborn

A chapter in Operations Research Proceedings 2018, 2019, pp 201-208 from Springer

Abstract: Abstract Central banks implement negative interest rate policies (NIRP) to incentivize economic subjects to spend and invest money for long term economic growth. Although nominal negative interest rates can not be effectively explained by economic theory, when inflation is included there are currently real negative interest rates in almost all industrial nations. We investigate the impact of these varying rates on bank profitability after the financial crisis starting in 2007. With industrial clustering, it is possible to observe heterogeneous performances of stock prices in the countries concerned.

Keywords: Monetary policy; Bank profitability; Globalisation; Financial crisis (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-030-18500-8_26

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DOI: 10.1007/978-3-030-18500-8_26

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