Dr Rhys ap Gwilym

Division: Financial Studies

Location: Room 1.16, Hen Goleg

Telephone: 01248 38 8814

Email: r.a.gwilym@bangor.ac.uk


Senior Lecturer in Economics

Rhys ap Gwilym is a Senior Lecturer in Economics at Bangor Business School.

Dr ap Gwilym trained in Macroeconomics at Cardiff University, completing his PhD on the “Macroeconomic Implications of Behavioural Finance Models” in 2009. His research continues to involve developing models which introduce behavioural factors into macroeconomic analysis. Another key strand of research involves the analysis of financial instruments in a general equilibrium setting.

His current research activity involves studying the role of financial markets in influencing regional disparities in economic activity.


  • PhD Economics, Cardiff University
  • MSc Economics, Cardiff University
  • BA Philosophy, Politics and Economics, University of Oxford

Research Interests

  • Macroeconomic modelling
  • Regional economics
  • Monetary policy
  • Behavioural economics

Recent Publications

  • Ebrahim, M. Shahid, Ike Mathur and Rhys ap Gwilym, 2014. ‘Integrating Corporate Ownership and Pension Fund Structures: A General Equilibrium Approach’, Journal of Banking and Finance 49, 553-69.
  • ap Gwilym, Rhys, Angelos Kanas and Philip Molyneux, 2013. 'U.S. Prompt Corrective Action and bank risk', Journal of International Financial Markets, Institutions and Money 26, 239-257.
  • ap Gwilym, Rhys and M. Shahid Ebrahim, forthcoming. ‘Can Position Limits Restrain ‘Rogue’ Traders?’, Journal of Banking and Finance. 37(3), 824-836.
  • ap Gwilym, Rhys, forthcoming. ‘The Monetary Policy Implications of Behavioral Asset Bubbles’, Southern Economic Journal. 80(1), 252-270.
  • ap Gwilym, Rhys, 2010. ‘Can behavioral finance models account for historical asset prices?’, Economics Letters 108(2), 187-189.

Work in Progress

  • Capital flight and economic agglomeration (presented at Regional Studies Association Annual Conference 2017).
  • The inter-generational risk sharing characteristics of defined benefit pension schemes (presented at Royal Economics Society Annual Conference 2016).
  • Nominal wage contracts as a commitment against hyperbolic discounting (presented at Behavioural Finance Working Group Conference, RES Annual Conference).

PhD Supervision

  • Chris Hussain, “Fiscal Decentralisation and Poverty” (completed 2017).
  • Shanti Ottemoesoe, “Does geography influence the performance of banking in Indonesia?” (2014-).
  • Zhe Wan, “Banks, Local Governments and the Monetary Authority” (2015-).

Current Teaching

  • ASB-1300 CORE Economics
  • ASB-2320 Current Issues in Economics
  • ASB-3514 Industrial Organisation

Roles within Bangor Business School

  • Director of Teaching and Learning
  • Leader of the Economics group
  • Lecturer
  • Personal Tutor