Prof Philip Molyneux

Profile

Phil is an International Visiting Professor and Chair in Banking & Finance in the Accounting and Finance Department. Previously he was Head of the College of Business, Education, Law and Social Sciences at Bangor University, and Head of the College of Business, University of Sharjah, UAE.

He has an established reputation as one of the leading researchers in the banking area as reflected by the range and quality of publications and other research outputs, as well as citations record. His work is empirical in nature and predominantly examines features of bank behaviour and performance. In terms of publications, he has published in in: Journal of Money Credit and Banking, Review of Finance, Journal of Financial Intermediation, European Economic Review, and the Journal of Corporate Finance. He has co-edited a Special Edition of the Journal of Corporate Finance on ‘Banks and the Real Economy’. In addition, he has also published widely in other highly regarded journals including the Journal of Banking & Finance, Journal of Financial Services Research, Journal of International Money and Finance, European Journal of Finance, European Financial Management, Journal of Financial Stability and the British Accounting Review and elsewhere. He has acted as a co-editor of special editions of the Journal of Banking & Finance (on Developments in European Banking), British Accounting Review (on Contemporary Issues in Banking Research), Journal of Financial Services Research (on Islamic Banking & Finance) and the European Journal of Finance (Stability and Policy Actions).

Much of his work has a policy focus as reflected in papers also published by the European Central Bank and Bank for International Settlements. In Google Scholar he had a h-index of 65 and over 28,000 citations.

Phil Molyneux has also co-authored / edited over 30 books – some research / technical in nature such as Efficiency in European Banking; European Banking: Efficiency, Technology and Growth; Financial Innovation – (all published by John Wiley) and Bancassurance (Macmillan), in addition to mainstream textbooks like Banking an Introductory Text (Macmillan) and Introduction to Banking (3 editions, Pearson FT Prentice Hall). He also initiated the Palgrave Macmillan Studies in Banking and Financial Institutions book series which I edit – there is over 140 texts in the series.

During his career, he has had the pleasure of engaging with a wide range of policymakers from a variety of organizations ranging from central banks (Bank of England, UK Treasury, European Central Bank, Deutsche Bundesbank, Bank for International Settlements, US Federal Reserve and the New York Federal Reserve) to the European Union, European Savings and Retail Banking Group and the World Bank.

Journal Articles

Does unconventional monetary policy boost local economic development? The case of TLTROs and Italy, Journal of Banking and Finance, 2023, 148, 106736 (with Perdichizzi, S., Duqi, A., and, Tamimi, H.A.)

Systemic risk and CO2 emissions in the U.S. Journal of Financial Stability, 2023, 64, 101088 (with Kanas, A. and Zervopoulos, P.D.)

Banks and FinTech Acquisitions, Journal of Financial Services Research, 2023 (with Kwon, K.Y., Pancotto, L., and Reghezza, A).

Interest rate risk and monetary policy normalisation in the euro area, Journal of International Money and Finance, 2022, 124, 102624, (with L.Panacotto, A. Reghezza and C. Rodriguez d’Acri)

A canary in a Coalmine! religious agency and its impact on the performance of Islamic banks, Journal of International Financial Markets, Institutions and Money, 2022, 78, 101559 (with N. Shahzad Virk and T. Nawaz)

Bank funding constraints and stock liquidity, European Journal of Finance, 2022, forthcoming (with Q. Wang, R. Xie and B. Zhao)

Re-evaluating the risk minimization utility of Islamic stocks and bonds (Sukuk) in international financial markets, European Journal of Finance, 2022, forthcoming (with I. Sifat, A. Mohamed, and H.C. Zhang)

Books

An Introduction to Global Financial Markets, (2015) (with S Valdez) 8th Edition (Palgrave Macmillan: London)

Introduction to Banking (2022) (with B. Casu and C. Girardone) 4th Edition, (Pearson FT Prentice Hall: London)

The Oxford Handbook of Banking (2019) 3rd Edition (Hardback Edition) Oxford University Press, (edited with Allen Berger and John O.S. Wilson)

Responsibilities

• Chair in Banking & Finance

Research interests

My research focuses on banking performance and behaviour. Current works look at systemic risk issues, ESG and banks, as well as banking competition.

Qualifications

• PhD. Economics, University of Wales, UK
• Master of Economics, University of Wales, UK

Research groups and institutes

• International Banking Institute