Mgr. Hana Džmuráňová


Position: Ph.D. Candidate
Field of interest: Banking, modeling of savings accounts and demand deposits, the net present value of non-maturing accounts to a bank, the impact of low rates environment on banks
Membership: Finance and Capital Markets, PhD Candidates


Email: hanadzmuranova [AT] gmail [DOT] com
Available: on email

More information


JEB101 - Principles of Economics I
JEB102 - Principles of Economics II

PhD study

Tutor: doc. Ing. Zdeněk Tůma CSc.

Studying from: 2013
PhDr examination:
Final exam:
Dissertation Proposal defence:
Dissertation defence:

Current work:
Interest Rate Risk and Liquidity Risk of Banking Books in the Czech Republic

Dissertation topic:
Interest Rate Risk and Liquidity Risk of Banking Books in the Czech Republic

Disertation abstract:
The thesis Interest Rate Risk and Liquidity Risk of Banking Books in the Czech Republic deals with the management of interest rate risk and liquidity risk stemming from the core banking system purpose – maturity transformation. Across five articles, we provide comprehensive theoretical description, regulatory background, and develop models for embedded behavioural options of client products such as non-maturity deposits, with special focus on savings accounts in the Czech Republic in one of our case studies, or loans with prepayment option. We apply our models on the major Czech and Slovak banks and we calculate the exposure of those banks to interest rate risk in terms of regulatory guidelines. We derive that all banks in our analysis are positioned to benefit when interest rates increase as demand deposits like current accounts are traditionally stable sources of funding, while assets like mortgage loans or consumer loans reprise relatively quickly to new interest rates due to prepayment option as well as medium-term periods for which client interest rates are fixed. Such unified exposure of both banking systems can lead to systemic risk stemming from a squeeze in banks’ profitability due to low or negative interest rates.

Optional courses:
Kvantitativní metody 1 a 2



Master at IES FSV UK

Awards and prizes

Merit scholarship

Topics for supervision

Bachelor theses

Práce zaměřené na bankovnictví - řízení bilance, úrokové a likviditní riziko bank a bankovního sektoru, retailové bankovnictví v České republice (struktura produktového portfolia, hlavní rizika, modelování vývoje produktového portfolia, stresové testy, porovnání s USA, EU a jinými.)

Master theses

Net present value of demand deposits to a bank

Práce zaměřené na úrokové a likviditní riziko - jak to banka řídí, case studies na tato témata

Supervised Bachelor theses

all/awarded: 1/0






Patria Finance