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    What is the effect of unconventional monetary policy on bank performance?

    Mamatzakis, Emmanuel and Bermpei, T. (2016) What is the effect of unconventional monetary policy on bank performance? Journal of International Money & Finance 67 , pp. 239-263. ISSN 0261-5606.

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    Abstract

    This paper examines the relationship between unconventional monetary policy and the US banking performance. Unconventional monetary policy is captured through the central bank's assets and excess reserves. Results show that unconventional monetary policy has a negative relationship with bank performance. Further analysis shows that the negative association between unconventional monetary policy and performance is mitigated for banks with a high level of asset diversification and low deposit funding. We also find that the negative relationship between unconventional monetary policy and performance subdues for deposit insured financial institutions. Finally, we use dynamic panel threshold analysis which reveals that the negative association between unconventional monetary policy and bank performance is particularly pronounced above the reported threshold value.

    Metadata

    Item Type: Article
    School: School of Business, Economics & Informatics > Management
    Depositing User: Emmanuel Mamatzakis
    Date Deposited: 06 Mar 2020 14:39
    Last Modified: 13 Jun 2021 02:42
    URI: https://eprints.bbk.ac.uk/id/eprint/30870

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