JIMF 2016 QE paper.pdf (1.38 MB)
What is the effect of unconventional monetary policy on bank performance?
journal contribution
posted on 2023-06-09, 01:43 authored by Emmanuel Mamatzakis, Theodora BermpeiThis 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.
History
Publication status
- Published
File Version
- Accepted version
Journal
Journal of International Money and FinanceISSN
0261-5606Publisher
ElsevierExternal DOI
Volume
67Page range
239-263Department affiliated with
- Business and Management Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2016-06-17First Open Access (FOA) Date
2017-12-04First Compliant Deposit (FCD) Date
2016-06-17Usage metrics
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