Členství v organizacích
od roku 2021 - European Finance Association
od roku 2021 - European Economic Association
od roku 2019 - ESCB Research Cluster 3
od roku 2017 - Czech Economic Association
Praxe
10/2019-nyní - Senior researcher, Česká národní banka, sekce finanční stability (
web)
04/2018-10/2019 - Researcher, Česká národní banka, sekce finanční stability
Vzdělání
2017 - Ph.D., VŠB-Technická univerzita Ostrava (Ekonomická teorie)
2013 - Ing., VŠB-Technická univerzita Ostrava (Hospodářská politika a správa)
Habilitace
2020 - téma habilitační přednášky: Měnová politika a stínové bankovnictví
Oblast vědeckého zájmu
aplikovaná makroekonomie, měnová politika, bankovní regulace a dohled, makroobezřetnostní politika, nebakovní finanční zprostředkování
Studijní pobyty a stáže
2021 - Advanced Leadership Skills, Czech National Bank (held online)
2021 - Using R as an econonometrics tool, Bank of England (held online)
2021 - Monetary and Financial Accounts Statistics, Banque de France (held online)
2020 - Financial Development and Inclusion, International Monetary Fund (held online)
2020 - Macroeconomic Forecasting, International Monetary Fund (held online)
2016 - VAR analysis using eViews, CASS Business School, UK
2015 - Econometrics Summer School, University of Cambridge, UK
Významné ceny a ocenění
2023 - Cena za nejlepší výzkumnou práci ČNB v roce 2022 (
tisková zpráva)
2022 - Ieke van den Burg price for research on systemic risk 2022 - shortlisted
2021 - Cena děkana za nejlepší publikaci
2020 - Cena děkana za nejlepší monografii
2019 - Best paper award at the 17th Conference on Finance and Banking (ICFB)
2019 - Cena za nejlepší výzkumnou práci ČNB v roce 2018 (
tisková zpráva)
2018 - Ieke van den Burg price for research on systemic risk 2018 - shortlisted
2017 -
Cena prof. Františka Vencovského 2017 za výzkum (uděluje Vysoká škola finanční a správní výzkumníkům do 35 let) - vítěz
2017 -
Cena Mladý ekonom roku 2017 (uděluje Česká společnost ekonomická výzkumníkům do 30 let) - 3. místo
2017 - Cena pro nejlepšího doktoranda Ekonomické fakulty VŠB v období 2016/2017
2016 - Cena Ekonomické univerzity v Bratislavě za publikační činnost za rok 2016
ORCID
Významné publikace
Řešené projekty
Řešené projekty - spoluřešitel
Významné publikace
Hodula, Martin (2019): Stínové bankovnictví v Evropě: pojetí, regulace a faktory růstu, SAEI, vol. 60. Ostrava: VŠB-TU Ostrava. ISBN 978-80-248-4361-2.
Významné projekty
Czech National Bank survey on macroprudential and monetary policy (
web)
Významné vědeckovýzkumné výstupy
Work in progress
Geopolitical Risks and Financial Stability: Does the Proximity to Conflict Matter?
(with S. Malovaná, J. Janků, and P. Šváb)Monetary and Borrower-Based Macroprudential Policy in the Mortgage Loan Market: What Binds?
(with S. Malovaná and L. Pfeifer)Monetary Policy Shocks and Investment Funds Dynamics
(with S. Malovaná and J. Bajzík)Monetary-Macroprudential Policy Mix and Mutual Fund Flows
(with A. T. Mimun)Are Shadow Banks Prone to Sentiment? (
with Z. Gric and J. Bajzík)
Payment Holidays During Covid and Financial Stability: Insights from the Czech Mortgage Market (
with L. Pfeifer)
Is Crypto a Luxury Good? Exploring the Relationship Between Uncertainty and Retail Crypto Exchange App Adoption (
with J. Janků)Under ReviewGeopolitical Risks and Their Impact on Global Macro-Financial Stability: Literature and Measurements (
with S.Malovaná, J. Janků, and N. A. Ngo, submission process on-going)
Easing of Borrower-Based Measures and Borrower Risk: Evidence from Czech Loan-Level Data (
with L. Pfeifer and N. A. Ngo, under review in Journal of Financial Stability)
Lights Off: Energy Price Shocks and Demand for Crypto (
prepared for Finance Research Letters special issue)
Selected Publications in Refereed Journals2024 Macroprudential Policy and Income Inequality: Trade-off Between Crisis Prevention and Credit Redistribution,
International Journal of Central Banking, forthcoming
(with S. Malovaná and J. Janků)2024 Beyond Innovation: Fintech Credit and its Ripple Effects on Traditional Banking Profitability,
Finance Research Letters, 63
2024 Retail Fund Flows and Performance: Insights from Supervisory Data, Emerging Markets Review, 59 (with M. Szabo and J. Bajzík)2024 Does Macroprudential Policy Leak? Evidence from Shadow Bank Lending in EU Countries,
Economic Modelling, 132 (with N. A. Ngo)2024 Borrower-Based Macroprudential Measures and Credit Growth: How Biased is the Existing Literature? Journal of Economic Surveys, first online (
with S. Malovaná, Z. Gric and J. Bajzík)
2023 Macro-prudential Policies to Contain the Effect of Structural Risks on Financial Downturns,
Journal of Policy Modeling,
45(6), 1204-1222 (
with L. Pfeifer and J. Janků).
2023 Bank Capital, Lending and Regulation: A Meta-Analysis,
Journal of Economic Surveys, first online (with S. Malovaná, Z. Rakovská and J. Bajzík).
2023 Has Monetary Policy Fueled the Rise in Shadow Banking? Economic Modelling, 123 (
with J. Libich).2023 Interest Rates as a Finance Battleground? The Rise of Fintech and Big Tech Credit Providers and Bank Interest Margin. Finance Research Letters, 53.
2023 Cooling Down the Mortgage Loan Market: The Effect of Borrower-Based Limits on New Mortgage Lending.
International Journal of Money and Finance, 132
(with M. Melecký, M. Szabo and L. Pfeifer)
2023 Economic Uncertainty and Non-bank Financial Intermediation: Evidence from a European Panel.
Finance Research Letters, 53 (
with P. Soric and B. Peric)
2023 Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates? Journal of Financial Stability, 65 (
with J. Cao et al)
2023 Macroprudential Policy in Central Banks: Integrated or Separate? Survey Among Academics and Central Bankers.
Journal of Financial Stability 65
(with S. Malovaná, Z. Gric and J. Bajzík).
2023 Researching the Research: A Central Banking Edition.
International Journal of Central Banking, forthcoming
(with S. Malovaná and Z. Gric),
WP here.
2023 Fintech Credit, Big Tech Credit and Income Inequality.
Finance Research Letters, 51.
2022 Does Fintech Credit Substitute for Traditional Credit? Evidence from 78 Countries.
Finance Research Letters 46(B).
2022 Finance, Growth and (Macro)Prudential Policy: European Evidence.
Empirica, 49(2), 537-571 (
with N. A. Ngo).2022 Does the Capital-Based Regulation Affect Bank Pricing Policy? Journal of Regulatory Economics, 61, 135-167 (
with D. Ehrenbergerová and Z. Gric).2022 Too Much of a Good Thing? Households’ Macroeconomic Conditions and Credit Dynamics.
German Economic Review, 23(4), 529-566 (
with S. Malovaná and J. Frait).
2022 The Power of Sentiment: Irrational Beliefs of Households and Bank Lending.
Journal of Financial Stability 59 (
with D. Ehrenbergerová and Z. Gric).
2022 Bringing the Flashlight: Shadow Banking in European Union Countries.
Finance Research Letters, 47(B).
2021 On the Macro-financial Determinants of Life and Non-Life Insurance Premiums.
Geneva Papers on Risk and Insurance, first online
(with J. Janků, A. Kučera and M. Časta).
2021 The New Kid on the Block: Leverage ratio and Its Implications for Banking Regulation.
The European Journal of Finance 27(10), 1009-1028
(with L. Pfeifer).
2021 What Does Really Drive Consumer Confidence? Social Indicators Research 155, 885-913 (
with S. Malovaná and J. Frait)
2021 A Profit-to-Provisioning Approach to Setting the Countercyclical Capital Buffer.
Economic Systems 45(1), 1-18 (
with L. Pfeifer).
2021 The Relationship Between Capital and Liquidity Prudential Instruments.
Journal of Regulatory Economics 59, 47-70
(with L. Pfeifer and Z. Komárková).
2020 Off the Radar: Exploring the Rise of Shadow Banking in the EU.
Economic Systems 44(3), 1-15
(
with A. Melecký and M. Macháček).
2020 Debt Management when Monetary and Fiscal Policies Clash: Some Empirical Evidence,
Journal of Applied Economics 23(1), 253-280 (with A. Melecky)
2020 Placing the Czech Shadow Banking Sector under the Light,
Prague Economic Papers 29(1), 3-28 (with A. Melecky and M. Machacek)
2017 Leverage Ratio and its Impact on the Resilience of the Banking Sector and Efficiency of Macroprudential Policy,
Czech Journal of Economics and Finance 67(4), 277-299 (with L. Pfeifer, L. Holub, and Z. Pikhart)
2016 Sovereign Default Risk and State-Owned Bank Fragility in Emerging Markets: Evidence from China and Russia,
Post-Communist Economies 28(2), 232-248 (with O. Deev)
MPRA Paper version
Invited Talks and Conference Presentations
June 2023. Retail Fund Flows and Performance: Insights from Supervisory Data. 12th International Conference of the Financial Engineering and Banking Society, Chania, Greece.
April 2023. Cooling Down the Mortgage Loan Market: The Effect of Borrower-Based Limits on New Mortgage Lending. SUERF-Banca d’Italia-ECB-EIB conference The use of surveys for monetary and economic policy, Banca d'Italia, Rome, Italy.
December 2022. A Tale of Different Capital Ratios: How to Correctly Assess the Impact of Capital Regulation on Lending. Invited talk: Workshop on Macroprudential Policy and the Implementation of the CCyB, Banco Central de Chile, Santiago, Chile.
April 2022. Does Macroprudential Policy Leak? Evidence from Non-Bank Credit Intermediation in EU Countries. Invited talk: ECB DGMF External Seminar, Frankfurt am Main, Germany.
March 2022. Interaction of Cyclical and Structural Systemic Risks: Insights from Around and After the Global financial Crisis. Invited talk: ECB DGMF External Seminar, Frankfurt am Main, Germany.
November 2021. Shadow loans, bank loans and macroprudential policy: leakage through the substitution effect. 5th Annual Workshop of ESCB Research Cluster 3 on Financial Stability, Macroprudential Regulation and Microprudential Supervision (online).
November 2019. Off the Radar: Exploring the Rise of the Shadow Banking in the EU. Invited talk: Meeting of the Joint Expert Group of Shadow Banking (JEGS), Frankfurt am Main, Germany.
October 2019. Shadow Banking nad Monetary Policy: Trapped between a Rock and a Hard Place. Invited talk: Workshop of the Sloval Academy of Sciences, Smolenice, Slovakia.
