Date of Award
Bachelor of Arts
This paper will use bank-specific, industry specific, and macroeconomic variables to examine the determinants of bank profitability since the financial crisis in 2008 for primary dealers with the Federal Reserve. The paper will also examine the determinants of bank profitability before the crisis, from 2000 - 2007, and compare the results to determine how the banking industry has changed strategy due to changing environments. Empirical evidence shows a strong international bias within the primary dealers but finds differences in how market concentration, interest rate adaptability, and several other bank-specific variables effect profitability for United States primary dealers.
Allen, Benjamin, "Changes in Profitability for Primary Dealers since the Financial Crisis" (2017). Economics Student Theses and Capstone Projects. 43.