Coronavirus (Covid-19) Information

Alessio Reghezza



PhD candidate in Banking and Finance at Bangor Business School with background in Political Science, Political Economy, International and Diplomatic Science and Economics. Experience as a researcher at the Central American Bank for Economic Integration (Honduras) as well as teacher assistant in Microeconomics and Monetary Economics at the University of Genova (Italy).

Academic Qualifications

  • BSc Political Science, (Genova)
  • MSc Political Economy, (Genova)
  • MSc International and Diplomatic Science, (Genova)
  • MSc Banking and Finance, (Bangor)

Research Interests

Banking, Central Banking

Current Research

The aim of the current research is to study the impact of negative interest rate on banks’ lending behaviour. Since mid-2014, in fact, sixth Central Banks have reduce the interest rate into “negative territory” overcoming the so called: “Zero Bound Rate” (always defined as the minimum limit for monetary policy manoeuvres). The challenging macroeconomic situation in Europe, either due to the lack of economic growth or for a constant deflation, has constrained the European Central Bank (ECB) to take drastic measures to boost inflation expectations and, supposedly, investments. The ECB, after unconventional monetary policies such as Quantitative Easing and Asset Purchase Program (APP), decided to adopt a negative interest rate on the overnight deposit facility. Hence, our research question can be address in the following way: what is the impact on negative interest rate on bank lending behaviour and business model? Is negative interest rate threatening bank profitability? In order to give an answer to this question, we use European commercial banks data and a difference in differences estimation.


Italian, English and Spanish


Ru Xie; Philip Molyneux

Research Cluster