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

In: Operations Research Proceedings 2018

Author

Listed:
  • Bernard M. Gilroy

    (University of Paderborn)

  • Alexander Golderbein

    (University of Paderborn)

  • Christian Peitz

    (University of Paderborn)

  • Nico Stoeckmann

    (University of Paderborn)

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.

Suggested Citation

  • Bernard M. Gilroy & Alexander Golderbein & Christian Peitz & Nico Stoeckmann, 2019. "The Impact of Monetary Policy on Investment Bank Profitability in Unequal Economies," Operations Research Proceedings, in: Bernard Fortz & Martine LabbĂ© (ed.), Operations Research Proceedings 2018, pages 201-208, Springer.
    • Handle: RePEc:spr:oprchp:978-3-030-18500-8_26
    DOI: 10.1007/978-3-030-18500-8_26
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