Martina Jašová

Photo

Position: Ph.D. Candidate
Field of interest: Macro-Finance, Empirical Banking, Financial Economics, Monetary Economics, Corporate Finance
Membership: Finance and Capital Markets, PhD Candidates

Contact

Office:
Email: martina [DOT] jasova [AT] gmail [DOT] com
Phone:
Personal web pages: https://sites.google.com/view/martinajasova
Available: upon request

More information

PhD study

Tutor: doc. PhDr. Adam Geršl Ph.D.

Studying from: 2011
PhDr examination: 10/2011
Final exam: 05/2014
Dissertation Proposal defence: 01/2017
Dissertation defence: 12/2017

Current work:
For updates please see my personal webpage

JOB MARKET PAPER:
"Rollover Risk and Bank Lending Behavior: Evidence from Unconventional Central Bank Liquidity" (with C. Mendicino and D. Supera)

Abstract: How does a sudden reduction in debt rollover risk affect the lending behavior of banks? We use the provision of cheaper long-term funding by the 2011 European Central Bank's (ECB) very long-term refinancing operations (vLTRO) as a natural experiment to address this question. Our analysis employs a novel dataset that perfectly matches the ECB monetary policy and market operations data with the firm credit registry and banks' security holdings in Portugal. We show that a reduction in rollover risk has a positive and economically sizable impact on bank lending to the real economy. Our findings highlight stronger effects on the supply of credit to small, younger, riskier firms and firms with shorter lending relationships. We also find that loan-level results translate to real and credit effects at the firm-level.

Dissertation topic:
Macro-Financial Challenges in Emerging Markets

Disertation abstract:
My dissertation thesis consists of three essays on macroeconomics and finance. In these essays, I focus on events which adversely affect emerging markets and present challenges to economic policy and central bank thinking. My aim is to contribute to the existing empirical literature by providing new evidence on the role of private credit, effects of macroprudential policies and understanding of the exchange-rate pass-through...

Optional courses:
Charles University:
ELBF - Economics and Law in Banking and Finance
JED414 - Quantitative Methods I
JED415 - Quantitative Methods II
Waseda University (Japan):
PhD Research Seminar: Money and Banking (A, B)

CV

Education

2016-present Visiting Student Research Collaborator, Princeton University

2011-present PhD candidate, Charles University
2009-2011 M.A., Economics, Charles University
2005-2009 B.A., in Economics, Charles University

Job history

Jan, Jun 2017: Visiting Researcher, European Central Bank
2016, 2017: Visiting Researcher, Bank of Portugal
2015-2016 Research Analyst, Bank for International Settlements
2014-2015 Consultant and PhD Trainee, European Central Bank
2014 Visiting Researcher, Waseda University, Japan

Awards and prizes

2016-present: Marie Sklodowska-Curie Grant, European Union Horizon 2020
2015: Course Innovation Stipend
2012-2014: Dissertation Research Grant: Grant Agency of the Charles University
2012-2013: Tatra Banka Scholarship Grant
2011: Dean's Award for Excellent Master's Thesis
2009: Dean's Award for Excellent Bachelor's Thesis

Topics for supervision

Master theses

Empirical banking, Macro-Finance

Supervised Master Theses

all/awarded: 2/0
Awarded:

Downloadable

Dissertation thesis

Partners

ČSOB
Deloitte
McKinsey & Company

Sponsors

CRIF