Dr. Supriya Kapoor

• Supriya Kapoor, Oana Peia, The impact of quantitative easing on liquidity creation, Journal of Banking and Finance, 2021Journal Article, 2021, URL , TARA - Full Text
• Supriya Kapoor, Adnan Velic, QE: Implications for Bank Risk-Taking, Profitability, and Systemic Risk, 2022Working Paper, 2022, URL
• Marie Finnegan, Supriya Kapoor, ECB unconventional monetary policy and SME access to finance, Small Business Economics, 2023Journal Article, 2023, URL , TARA - Full Text
• Guillaume Horny, Supriya Kapoor, Investment Response to Monetary Policy in a Low Interest Rate Environment: Evidence from the ECB's Corporate QE, 2021Working Paper, 2021
• Supriya Kapoor, Anuj Pratap Singh, Balance sheet strength and the bank-lending channel: evidence from an emerging market, 2019Working Paper, 2019, URL
• Supriya Kapoor and Marianna Blix Grimaldi, Fed QE and lending behaviour: a heterogeneity analysis of asset purchases, Working Paper Series 428, Sveriges Riksbank (Central Bank of Sweden), 2023Working Paper, 2023, URL , TARA - Full Text
• Supriya Kapoor, Adnan Velic, QE: Implications for Bank Risk-Taking, Profitability, and Systemic Risk, International Journal of Central Banking, 22, (3), 2026, p295 - 336Journal Article, 2026
• Supriya Kapoor, Inflation: why it's happening and why interest rates are going up to combat it, The Conversation, UK, August, 2022Report, 2022, URL
• Supriya Kapoor, Autumn statement 2022: experts react, The Conversation, UK, November, 2022Report, 2022, URL
• Supriya Kapoor, Are interest rates really going to keep rising sharply?, The Conversation, UK, March, 2023Report, 2023, URL
• Supriya Kapoor, Proper Pricing, The Telgraph, October, 2024Report, 2024, TARA - Full Text
• Supriya Kapoor and Marie Finnegan, Impact of unconventional ECB policy on lending to SMEs, 2023, -Miscellaneous, 2023, URL
• Marianna Blix Grimaldi and Supriya Kapoor, Different strokes for different banks: A heterogeneity analysis of Fed QE on bank lending, Journal of Financial Stability, 82, (101493), 2026Journal Article, 2026, DOI , URL , TARA - Full Text
• Guillaume Horny and Supriya Kapoor, Corporate investment response to an easing in bond funding cost, Journal of Banking and Finance, (107668), 2026Journal Article, 2026, URL , TARA - Full Text

• Supriya Kapoor, Corporate Investment Response to an Easing in Funding Cost, Seminar Series, California, United States, May 2023, 2023, Department of Economics, UC Santa CruzInvited Talk
• Supriya Kapoor, QE: Implications for Bank Risk-Taking, Profitability, and Systemic Risk, DNB Research Seminars, The Netherlands, 14 June 2022, 2022, De Nederlandsche BankInvited Talk
• Supriya Kapoor, QE: Implications for Bank Risk-Taking, Profitability, and Systemic Risk, Economics Research Seminar, Ireland, 14 October 2022, 2022, Department of Economics, National University of Ireland, MaynoothInvited Talk
• Supriya Kapoor, QE: Implications for Bank Risk-Taking, Profitability, and Systemic Risk, 12th International Conference of the Financial Engineering and Banking Society, Chania, Greece, 1-4 June, 2023, 2023Conference Paper
• Supriya Kapoor, QE: implications for bank risk-taking, profitability and systemic risk, European Central Bank Research Workshop 2023, Frankfurt, Germany, 16 October 2023, 2023Conference Paper, URL
• Supriya Kapoor, Different strokes for different banks: a heterogeneity analysis of Fed QE on bank lending, 13th International Conference of the Financial Engineering and Banking Society, Paris, France, 20-22 June 2024Conference Paper
• Supriya Kapoor, Michael Mahony, Anuj Pratap Singh, Monetary Policy Tightening and SME BankCredit Demand Substitution, TEP Working Papers, (No. 0125), 2025Journal Article

Social sciences, Economics and Business Administration,

• Visiting Researcher - Central Bank of Ireland: I pursued the Visiting Researcher opportunity at the Central Bank of Ireland to deepen the connection between my academic research in banking and monetary policy and the questions faced by policymakers in practice. The experience allowed me to engage directly with researchers working in a central-bank environment and strengthened my understanding of how academic evidence can contribute to policy analysis. It subsequently provided an important foundation for a longer-term research relationship with the Bank and for the development of my profile as a researcher working across the academic-policy interface. March 2023
• Visiting Researcher - Banque de France: My research visit to the Banque de France formed part of my broader effort to build international research collaborations around monetary policy, banking and corporate finance. Working within a major Eurosystem institution provided access to complementary expertise and perspectives and helped develop research relationships that have continued beyond the period of the visit. This experience illustrates an approach I have deliberately pursued throughout my career: using institutional engagement not as a standalone credential, but as a platform for sustained collaboration, new research questions and internationally oriented scholarship. April 2022
• Visiting Scholar Programme - Sveriges Riksbank: Participation in the Sveriges Riksbank Visiting Scholar Programme provided an opportunity to situate my research within an international central-banking environment and to exchange ideas with economists working directly on monetary and financial stability questions. I sought this experience because I have consistently viewed engagement with policy institutions as complementary to, rather than separate from, my academic research. It broadened my international research network and helped shape my continuing focus on producing macro-financial research that combines empirical rigour with policy relevance. September 2022
• Inspiring Educator Award, Trinity College Dublin: The Inspiring Educator Award was particularly meaningful because it recognised not only the delivery of teaching but the wider influence that an academic can have on students' confidence, intellectual curiosity and development. I see my role as an educator as extending beyond communicating technical knowledge: I aim to encourage students to question assumptions, connect Finance to contemporary economic and policy challenges, and develop the confidence to apply what they learn independently. Receiving recognition from the Provost at College level affirmed the importance I place on combining academic rigour with genuine investment in students' development. June 2025
• Research Affiliate at Macro-Finance Division, Central Bank of Ireland: My affiliation with the Central Bank of Ireland developed from my desire to undertake research at the intersection of academic Finance and questions of direct relevance to financial-sector policy. Working alongside central-bank researchers has provided exposure to policy questions, institutional knowledge and granular datasets that complement the perspective of university-based research. The experience has strengthened my ability to identify research questions that are both academically substantive and policy relevant, while also creating an important bridge between my research activities at Trinity and the wider Irish policy community. March 2024 - till date
• Gold Medalist, CBSE, India: I was awarded a Gold Medal by the Central Board of Secondary Education (CBSE), India, in recognition of my academic performance upon completion of my Class XII examinations, the equivalent of the Irish Leaving Certificate. This early academic distinction is significant to my professional journey as it reflects a sustained commitment to academic excellence and intellectual curiosity that subsequently shaped my decision to pursue Economics and, ultimately, an academic career in Finance. Looking back across my career, I see this recognition as an early foundation for the discipline, ambition and commitment to learning that continue to inform my approach to research and education. 2010
• Programme Excellence Award for MSc in Financial Risk Management, Trinity Business School: As Programme Director, I have sought to develop the MSc in Financial Risk Management as more than a collection of technically rigorous modules, with a strong emphasis on programme coherence, student experience, industry engagement and the continued relevance of the curriculum to a rapidly changing financial sector. The Programme Excellence Award is particularly meaningful to me because it recognises this collective approach to academic leadership and programme development. It reflects my commitment to taking ownership beyond my individual teaching responsibilities and to creating an environment in which students, colleagues and external partners can contribute to a distinctive postgraduate learning experience. June 2026
• Top 10 downloads of Small Business Economics Journal for 2023: The strong readership of my research in Small Business Economics provided an important indication that my work on monetary policy and SME access to finance was reaching an audience beyond the immediate academic community working on monetary transmission. This is particularly important to me because SMEs often sit at the point where macroeconomic policy, banking conditions and real economic activity intersect. The recognition strengthened my motivation to continue developing research that addresses significant macro-financial questions while retaining a clear connection to the experiences and financing constraints of firms. 2024
• Researcher Award, Technological University Dublin: Receiving the Researcher Award at Technological University Dublin was an important milestone in the development of my academic career. At that stage, I was actively building my independent research profile while balancing substantial teaching responsibilities, and I remained committed to developing a coherent research agenda in banking, monetary policy and financial intermediation. The recognition gave external validation to that effort and strengthened my determination to build a career in which high-quality research, teaching and institutional contribution develop alongside one another. 2021
• Research Excellence Award, Best Societal Impact: My research is motivated by questions that are academically rigorous but also consequential for financial institutions, firms and policymakers, particularly in the areas of monetary policy, banking, SME finance and financial stability. Receiving the Research Excellence Award for Best Societal Impact was therefore especially significant, as it recognised my efforts to ensure that research contributes beyond academic publication alone. It reinforces an important dimension of my academic identity: producing evidence that can inform policy debates and improve our understanding of how financial-sector decisions ultimately affect firms and the wider economy. 2025
• Teaching Excellence Award, Trinity Business School: My approach to teaching is shaped by the belief that technical sophistication in Finance should be accompanied by clarity, accessibility and an ability to connect theory with the decisions faced by financial institutions, firms and policymakers. Receiving the Teaching Excellence Award for a second time reinforced the value of continually revisiting how I teach, rather than treating established modules as finished products. This recognition is important to my academic development because teaching remains an integral part of how I translate my research expertise into meaningful learning experiences for students. June 2026
• Trinity Business School Teaching Excellence Award: This award represented an important recognition of my teaching contribution relatively early in my career at Trinity Business School. Since joining Trinity, I have been deliberate about bringing my research expertise in banking, monetary policy and empirical finance into the classroom while adapting content and delivery to students with different academic and professional backgrounds. The award encouraged me to continue treating teaching as an evolving academic practice; one that requires experimentation, reflection and continuous improvement rather than simply the transmission of established material. June 2024
• Department of Economics Scholarship for PhD., University College Dublin: The Department of Economics scholarship supported a formative stage of my development as an independent researcher. My doctoral training provided the foundations for the empirical and analytical approach that continues to underpin my work in monetary economics, banking and macro-finance. Receiving competitive support during this period was both an acknowledgement of my doctoral research and an important investment in the academic trajectory that I subsequently pursued through research, teaching and engagement with policy institutions. 2015-2019

• European Economic Association: My decision to join the European Economic Association reflects the increasingly European and internationally collaborative nature of my research. Much of my work examines monetary policy, banking, financial intermediation and firm financing within European institutional settings, and my research relationships with central banks and international collaborators have reinforced the importance of situating these questions within the wider European Economics community. Membership provides a connection to scholarship well beyond my immediate areas of specialisation. I consider this intellectual breadth important: some of the most interesting research questions emerge when ideas from neighbouring areas of Economics are brought into Finance and macro-finance. Remaining engaged with the wider discipline therefore helps me continually reassess the questions I ask, the empirical approaches I use, and how my research relates to larger economic debates. This outward-looking perspective also feeds directly into my teaching. I want students to encounter Finance not as an isolated technical discipline, but as something deeply connected to macroeconomic conditions, institutions, public policy and the behaviour of firms and households. My engagement with the EEA is consequently part of a wider commitment to remaining intellectually connected to an evolving international discipline. till date
• American Economic Association: I joined the American Economic Association during an important stage in the development of my independent research profile. My academic training lies at the intersection of Economics and Finance, and I have deliberately sought to preserve that breadth as my research has become increasingly specialised in monetary policy, banking and macro-finance. The AEA provides an important connection to the wider international Economics profession and to research traditions extending beyond the European institutional setting in which much of my own empirical work is situated. Maintaining this connection matters to me because I do not want my research agenda to become defined solely by a particular dataset, methodology or institutional context. Exposure to developments across Economics continually provides new ways of thinking about the questions underlying my research: how financial institutions respond to policy, how credit is allocated, how firms respond to financing conditions, and ultimately how financial-sector developments transmit to the real economy. Membership therefore forms part of a deliberate effort to maintain intellectual openness throughout my career. That breadth strengthens both my research and my ability to bring contemporary economic thinking into the Finance classroom. till date
• Athena Swan Self-Assessment Team at Trinity Business School: I joined the Athena Swan Self-Assessment Team because I believe that contributing to a university means taking responsibility not only for one's own research and teaching, but also for the academic environment in which colleagues and students develop. As my career has progressed and I have taken on wider responsibilities within Trinity Business School, I have become increasingly interested in the structures that shape academic careers: how opportunities emerge, how different voices are represented, and how institutions can create conditions in which talented people are able to progress. My involvement in Athena Swan gives me an opportunity to contribute to these questions at School level, bringing perspectives developed through my roles as an educator, researcher, programme director and colleague. I value particularly the evidence-based nature of the self-assessment process: identifying where inequalities or barriers may exist, reflecting critically on existing practices, and considering practical ways in which institutional culture can evolve. This work represents an important dimension of academic citizenship for me. Universities depend upon colleagues being willing to invest time in issues whose benefits extend well beyond their individual careers. My motivation for participating therefore comes from a broader sense of responsibility towards the institution and towards creating an academic community in which excellence and inclusivity reinforce one another. till date
• Research Affiliate, Macro-Finance Division, Central Bank of Ireland: My affiliation with the Central Bank of Ireland represents perhaps the clearest expression of my ambition to build a research career that connects rigorous academic inquiry with questions of consequence outside the university. My research has long centred on monetary policy, banking and financial intermediation; areas in which the questions studied academically are also questions that policymakers must confront in real time. My relationship with the Bank developed progressively, initially through research engagement and subsequently into a sustained affiliation with the Macro-Finance Division. Working alongside central-bank economists gave me a perspective that is difficult to acquire solely within a university environment: an appreciation of institutional context, policy priorities and the importance of translating empirical evidence into economically meaningful conclusions. Equally importantly, I have sought to bring that experience back into my academic work at Trinity. It influences the questions I pursue, strengthens the policy relevance of my research and informs how I teach students about banking and monetary policy. I regard this movement between academia and policy as mutually reinforcing rather than as two separate strands of my career. It reflects the kind of academic I aspire to be: intellectually rigorous, internationally engaged, and willing to build bridges between research and the institutions that can ultimately use it. August 2026
• Artificial Intelligence Task Force at Trinity Business School: I became involved in the Artificial Intelligence Task Force at a moment when generative AI was beginning to fundamentally challenge established assumptions about university education. As an educator working extensively with quantitative methods, Finance and empirical research, I was particularly interested in the implications for how we teach students to analyse problems, develop independent judgement and demonstrate genuine understanding. My motivation for joining the Task Force was therefore not simply to respond to the risks associated with AI, but to contribute to a more forward-looking discussion about what high-quality business education should look like in an environment where these technologies will increasingly form part of students' professional lives. This requires us to protect academic integrity while simultaneously asking whether our curricula, assessments and teaching practices remain appropriate for the world our graduates will enter. Participating in this work reflects how I approach academic leadership more generally. I believe academics should be willing to engage constructively with changes that challenge established practice rather than responding defensively to them. The Task Force has provided a forum in which I can contribute my experience across teaching, research and programme leadership to discussions about responsible innovation and the future direction of education within the School. till date
• Irish Society of Women in Economics (ISWE): I became a member of the Irish Society of Women in Economics as my academic career in Ireland developed and I became increasingly conscious of the importance of professional communities in shaping academic careers. Research is often presented as an individual endeavour, but my own experience has shown me that intellectual development also depends greatly upon networks: opportunities to exchange ideas, encounter different career trajectories, learn from colleagues and build relationships across institutions. ISWE is particularly valuable because it creates these connections among women economists working across Irish universities, public institutions and the wider profession. This resonates strongly with my own career, which increasingly spans both university-based research and engagement with policy institutions. My participation reflects a broader belief that established academics have a responsibility to contribute to the communities that helped make their own development possible. As my career progresses, I increasingly see professional networks not simply in terms of what I can gain from them, but in terms of how I can contribute to a stronger and more connected profession, particularly for researchers navigating the earlier stages of their careers. till date

• I serve as External Examiner at Technological University of the Shannon: Midlands Midwest for a three-year term commencing in 2024. In this independent advisory and quality-assurance role, I review assessment practices, academic standards, curriculum and student outcomes within Finance-related programmes. I provide external judgement on whether academic standards are appropriate and comparable with those expected across the sector, alongside recommendations for programme enhancement. I value this responsibility because it allows my academic experience to contribute beyond Trinity and reflects external recognition of my expertise and judgement in Finance education. 2024-2027
• Through visiting research appointments at international academic and policy institutions, including Banque de France, Sveriges Riksbank and SKEMA Business School, I have contributed to research exchange on banking, monetary policy and financial stability. These engagements have involved presenting and developing research, exchanging expertise with international scholars and policy researchers, and building collaborations that have continued beyond the visits themselves. Importantly, these appointments have enabled two-way knowledge exchange between academic Finance and institutions directly engaged with financial-policy questions, strengthening both my research and the international networks through which it contributes to the discipline. 2019-2025
• I serve as a peer reviewer for international journals across banking, corporate finance, monetary policy and financial stability, including Journal of Financial Services Research, Journal of Small Business Management, Applied Economics, among others. Peer review is an important form of academic citizenship and allows me to contribute to maintaining the quality and integrity of scholarship beyond my own publications. My reviews focus not only on assessing methodological rigour and originality, but on providing constructive recommendations that can strengthen the research. Invitations to review in my specialist areas also reflect external recognition of my expertise and standing within the discipline. Ongoing
• As a Research Affiliate at the Central Bank of Ireland, I contributed academic expertise to research examining banking, credit markets, monetary-policy transmission and financial stability. The role enabled me to work alongside central-bank researchers using granular financial data and to contribute to questions with direct relevance for financial policymaking. I pursued this engagement because I believe Finance research is particularly valuable when rigorous academic evidence can inform the institutions responsible for maintaining financial and economic stability. 2024 - 2026
• I have served on internal PhD viva committees for multiple doctoral candidates at Trinity Business School, contributing independent academic judgement to the examination of doctoral research. This responsibility requires careful evaluation of the originality, methodological rigour and scholarly contribution of doctoral work, while ensuring that examination processes uphold Trinity's academic standards. I regard doctoral examination as an important form of academic citizenship: it safeguards the quality of the discipline while supporting emerging researchers at a defining stage of their academic development. 2023-2026
• Since 2022, I have served as Trinity's Academic Mentor for the CFA Institute Research Challenge, an international competition connecting university students with the professional investment community. I mentor students in financial analysis, company valuation, investment research and professional communication while ensuring that their analytical decisions remain independently developed. I undertook this role because I value creating opportunities for students to translate academic Finance into professional judgement. Trinity achieved first runner-up position in 2025, providing tangible evidence of the impact of this sustained mentorship. February 2024