However, because stock prices have dropped substantially since then, it would be rather unreasonable to argue that there are financial imbalances in the stock market now. 15  III.
The Bank's Monetary Easing Policy and the Profitability of Private Banks While QQE has led to the long-term, structural, and short-term improvements in the economy that I have described, it also has been argued that a prolonged period of monetary easing has undermined the profitability of financial institutions.