11/04/2022 - Research seminar: Dimitrios Tsomocos (University of Oxford)
We would like to invite you to a research seminar by Dimitrios Tsomocos, Professor of Financial Economics at University of Oxford.
Paper: The Persistence of Investment Inefficiencies: The Dynamics of Default and Endogenous Leverage
Authors: Theofanis Papamichalis (University of Oxford), Nikolaos Romanidis (Morgan Stanley), and Dimitrios Tsomocos (University of Oxford)
Abstract: We propose a tractable framework that incorporates endogenous default in a continuous time setting and assesses the interaction of default and leverage. In our heterogeneous agent model, productive experts face leverage constraints and aggregate risk, borrow from less productive households and choose whether to default. We establish a positive correlation between default and borrowing costs, hence a positive default premium. Moreover, increased default lowers experts’ capital holdings and suppresses investment, thus resulting into constrained inefficient equilibria. Finally, we show how, in the presence of leverage constraints, lower penalties can considerably decrease the time the economy spends in the inefficient region.
The seminar will take place on Thursday, April 14, in Room 105 since 12:30.
The paper is available here.
09/04/2019 - A public talk on forecasting at the Czech National Bank
We cordially invite you to the public lecture of Karel Musil, Head of Macroeconomic Forecasting Division of the Czech National Bank:
Forecasting and Policy Analyses System at the Czech National Bank
The lecture will take place on 11.4.2019 from 5PM in the lecture room 314. The lecture takes place as a part of Applied Econometrics course but is open to all students and faculty members.
Karel Musil is one of leading experts of the Czech National Bank in the area of forecasting. He served as the consultant to many central banks and international institutions.
08/12/2018 - Financial stability seminar: 11 Dec, 1PM, room 601
We cordially invite you for an afternoon seminar on financial stability. Presentations by prof. Dimitrios Tsomocos (University of Oxford), Aleksandr Shirobokov (Higher School of Economics, Moscow) and Jan Mares (Charles University) will introduce 1) new models for analyzing financial stability in central banks and 2) models to analyze the effect of financial sector on wealth inequality. Please note that the event is moved to the room 601.
The detailed programme is attached.
27/04/2017 - Today: Customer Insight and Data Science in Banking Environment
We cordially invite you to the lecture of Ondrej Brodecky, data science manager at CSOB – one of largest Czech commercial banks, on 27th April from 5PM in the room 314. The lecture will introduce the typical work of data scientist and will focus on practical applications and several case studies focusing on modelling client behavior in banking or insurance industry. The lecture is open to all students (not only those attending Applied Econometrics course). The lecture will be in English.
21/04/2017 - Our research cited in top-tier journals
During the last 5 years, research of our colleagues has been cited in top-tier journals (top5 in Economics and top3 in Finance out of 904 journals indexed in Scopus), including The American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Review of Economic Studies and Review of Financial Studies. Self-citations excluded.
We congratulate all of our colleagues for having world-wide visibility in top-tier scholarly journals!
The links to the articles, which were cited in top journals, are provided below.
http://onlinelibrary.wiley.com/doi/10.1111/jeea.12133/full
http://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.102.2.1118
http://www.sciencedirect.com/science/article/pii/S0014292117300569
http://www.sciencedirect.com/science/article/pii/S0264999311001994
http://www.sciencedirect.com/science/article/pii/S002219961500032X
http://www.journals.uchicago.edu/doi/10.1086/652475
25/09/2016 - CSOB-IES Award for the Best Thesis
IES FSV UK and ČSOB organize a competition for the best B.A. or M.A. degree thesis focusing on „Banking and Finance: New Challenges“. We welcome theses from any area of banking and finance and particularly those theses, which deal with long-term returns to investment or long-term view on investment and financial markets. Detailed information regarding the competiton: Conditions for participation.
19/02/2016 - Challenges for Financial Stability in Europe – call for papers
This two-day conference is organized in October 2016 jointly by the Czech National Bank and the Institute of Economic Studies, Faculty of Social Sciences, Charles University. The conference will focus on broad issues of current challenges to financial stability in Europe. Any theoretical or empirical paper falling in this area is welcome. Special issues in the Journal of Financial Stability and in Economic Systems will be organized. More information is available by clicking on the title of this news. Deadline for papers is 20 June 2016.
07/09/2015 - Competition for students IES FSV UK - ČSOB Award “Banking, trust, finance and data”
IES FSV UK and ČSOB organize a competition for the best Bachelor or Master theses on "Banking, trust, finance and data". The deadline for submitting your theses is 1st October 2015. More information is available by clicking on the link above or at the website dedicated to the cooperation of IES and ČSOB.
14/04/2015 - Conference on Emerging Market Finance - special issue in the Czech Journal of Economics and Finance
The Department of Financial Economics at Ghent University, Belgium, is inviting you to submit papers to a conference that will cover the two topics “Institutional Investors (with a special focus on Hedge Funds)” and “Emerging Market Finance”. Selected papers will be published in a special issue of the Czech Journal of Economics and Finance. The call for papers is attached.
22/08/2014 - Evzen Kocenda becomes the new co-editor of the Czech Journal of Economics and Finance
We welcome professor Evzen Kocenda as the new co-editor of the Czech Journal of Economics and Finance. Evzen has published more than 60 articles in refereed journals including the highly selective journals such as Journal of Economic Literature, Econometric Reviews, Journal of Banking and Finance, Journal of Comparative Economics or Journal of Financial Stability. His research is widely cited with more than 550 citations in Scopus and H-index of 14. The RePEc rankings currently ranks Evzen as the no. 1 (out of 333 economists registered) academic economist living in the Czech Republic. Evzen is affiliated with CERGE-EI and will join our team of co-editors as of September, 1.
08/01/2014 - Job Position at the National Bank of Slovakia
The National Bank of Slovakia is looking for an economist, which specializes on public finance. More information is available in the link (only in Slovak).
23/09/2013 - IES FSV UK - ČSOB Award for the Best B.A. and M.A. Thesis on "Banking, Confidence and Finance"
CSOB and IES FSV UK announce the competition for the best B.A. and M.A. thesis. More information is available by clicking on the link above.
03/09/2013 - Research by Ladislav Kristoufek accepted for publication in one of top multidisciplinary journals
Research paper by Ladislav Kristoufek has been recently accepted for publication in Scientific Reports, a multidisciplinary journal published by prestigeous Nature Publishing Group, ranked among top multidisciplinary sciences journals. In the paper "Can Google Trends search queries contribute to portfolio diversification?", search frequency of ticker terms of the DJI stocks is utilized for discrimination of popular stocks, which decreases risk and increases Sharpe ratio of a portfolio. The paper contributes to the current stream of research on the added value of Google searches to the standard economic and financial topics as well as on investing into peripheral stocks. Congratulations!
12/08/2013 - 2013 IES Economic Meeting
The 2nd IES Economic Meeting will take place at our institution on September, 26. This one-day workshop will focus on a broad topic of modelling in macroeconomics and finance. Any theoretical or empirical paper, especially those dealing with Central and Eastern Europe, falling in this broadly defined area is welcomed. All faculty members and students are welcomed to participate. More information is available by clicking on the link above.
20/05/2013 - Research by our faculty members accepted for publication in Psychological Science
New research by our faculty members Michal Bauer and Julie Chytilova was recently accepted for publication in Psychological Science. Psychological Science is one of leading scientific journals in psychology. Michal and Julie show, together with their co-authors from University of San Francisco and University of British Columbia, how war influences social preferences. They find that war experience increases egalitarian preferences among those that belong to some group or coalition. Congratulations!
27/02/2013 - Applied Econometrics - Important Information about Registration
Dear students, after many requests to increase the capacity of our course we managed to increase it to 129 students. You are welcomed to register and those, who already registered, are asked to double-check their registration in order to register for both the lecture as well as the seminar. Please note that the lecture is permanently moved to the lecture room 314.
11/02/2013 - International Graduate Program "Evidence-Based Economics" seeks to fill 10 doctoral positions starting in October 2013
The graduate program “Evidence-Based Economics” (EBE) is a joint undertaking of the Universities of Munich, Erlangen-Nuremberg, Regensburg and Würzburg generously funded by the Elite Network of Bavaria. During the course phase of the program (the first two semesters) students will generally be based in Munich. Thereafter, students will be based at the principal advisor’s institution.
11/11/2012 - IES-CSOB Award for the Best Thesis: The Results
The results of IES-CSOB Award for the best thesis on "Banking, finance and confidence" were announced on November, 5 in the Era World premises. The winners Barbora Šútorová (1st), Lenka Herrmannová (2nd) and Jan Šiml (3rd) had an opportunity to introduce their work to the audience. Congratulations to the winners!
08/10/2012 - IES-CSOB Award for the Best Thesis
We are happy to annouce that this year winners of IES-CSOB Award for the best thesis on banking, confidence and finance are:
1. Barbora Šútorová - The Impact of Basel III on European Banks
2. Lenka Herrmannová - Forecasting Ability of Confidence Indicators: Evidence for the Czech Republic
3. Jan Šiml: Extreme Value Theory: Empirical Analysis of Tail Behaviour of GARCH Models
There is a financial award for the winners, which is 20 000CZK for the 1st place, 10 000CZK for the 2nd place and 5 000CZK for the 3rd place. Award ceremony will be held in the CSOB premises during the fall. Congratulations to the winners!
27/09/2012 - Lecture by Richard Frensch on Incomplete Specialization and Offshoring across Europe
We invite all faculty members and students for a lecture by professor Richard Frensch (IOS, Regensburg) on incomplete specialization and offshoring across Europe. Professor Frensch is an expert on international trade and previously advised goverments in the Czech Republic and Ukraine and worked for the United Nations. The lecture will be held in the room 105, Tuesday October 2, starting from 3.30PM.
24/09/2012 - The 7th Biennial Conference of the Czech Economic Society
The 7th Biennial Conference of the Czech Economic Society will take place on 24 November 2012 at Vysoka skola ekonomicka, Prague, Czech Republic. Submissions of completed papers in English are welcomed by 30 September 2012. The submissions should be sent to conference2012@cse.cz together with the application to the conference, downloadable from http://www.cse.cz/en/activities/biennial-conferences/. There is participation fee only for non-members. All faculty and doctoral students are encouraged to apply.
07/06/2012 - CSOB Job Offer
The CSOB is looking for credit risk model validator. More information is available in the attachment. Contact Juraj Antal from CSOB (antal at klikni dot cz) is case you find the job offer of interest.
16/05/2012 - IES FSV UK - CSOB Award "Banking, Confidence and Finance"
IES FSV UK and ČSOB announce the competition for the best B.A. or M.A. thesis with a focus on the banking, confidence and finance. Detailed information is available by clicking on the link above.
07/03/2012 - Workshop on financial stability at the IES
Challenges to Financial Stability in Central and Eastern Europe
September 21, 2012, Prague, Czech Republic
The 2012 IES Economic Meeting will take place at the Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Czech Republic. This one-day workshop will focus on the financial stability issues in Central and Eastern Europe. Any theoretical or empirical paper falling in this broadly defined area is welcomed.
Iftekhar Hasan (Fordham University) has kindly agreed to give a keynote lecture during the workshop. Selected papers will be published in a special issue of Economic Systems under the guest-editorship of Roman Horvath (Charles University) and Laurent Weill (University of Strasbourg).
There is no conference fee, but participants are expected to cover their expenses.
Please send your submission to ies.econ.meeting@gmail.com before June 1, 2012. Full papers are strongly preferred. Authors are not allowed to submit more than one paper. Authors of accepted papers will be notified no later than June 15, 2012. Paper presenters are expected to discuss one other paper during the workshop. The discussant assignments will be made in late August.
Venue: Opletalova 26, Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague 1, 110 00, Czech Republic
Contact details: Roman Horvath, Charles University, horvath@fsv.cuni.cz
Please download the call for papers in pdf format.
02/03/2012 - Oxford University Press Publishes the Book on Insolvency Co-Edited by Tomáš Richter
Jointly with some other leading scholars in the field, Tomáš Richter has published a book on insolvency at the Oxford University Press. Congratulations!
03/12/2011 - Energy Economics Contest Award
Lukáš Vácha and Jozef Baruník won the Energy Economics Contest for the best work in an area of energy economics in 2011 organized by the Prague School of Economics. The awarded paper “Co-movement of energy commodities revisited: Evidence from wavelet coherence analysis” deals with the modeling of dynamic correlations in commodity markets using wavelet coherence. The paper was recently published in one of the leading field journals oboru Energy Economics.
18/07/2011 - Research of our doctoral candidates accepted in the Journal of International Economics
The paper "Estimating Vertical Spillovers from FDI: Why Results Vary and What the True Effect Is" by our Ph.D. students Tomáš Havránek and Zuzana Havránková was accepted for a publication in the Journal of International Economics (JIE). JIE is considered to be the leading scientific journal in the area of international economics. Congratulations!
09/06/2011 - Job offer at the CSOB - Junior Consultant
Job offer at the CSOB for the position Junior Consultant in Strategy and Development, job description attached. In case you are interested in this offer, please contact Mr. Richard Podpiera by e-mail: rpodpiera at csob.cz
09/06/2011 - Job offer at the CSOB - Senior Consultant
Job offer at the CSOB for the position Junior Consultant in Strategy and Development, job description attached. In case you are interested in this offer, please contact Mr. Richard Podpiera by e-mail: rpodpiera at csob.cz
03/05/2011 - Supervision of students by the doctoral candidate at the University of Cambridge
Filip Rozsypal, a graduate of our M.A. programme at the IES and now the doctoral student at the University of Cambridge, offers a supervision of B.A. and M.A. theses for the students of our insitute in the area of modelling business cycles. Those, who are interested in this offer, can contact Filip at filip dot rozsypal at gmail dot com.
EACES Award 2012 - for the best doctoral dissertation in the fields of comparative economics and economics of transition. More information is available at EACES.
21/04/2011 - Scopus Award for the best published paper
Scopus award for the best published article. More information available at www.suweco.cz/awards
29/03/2011 - Job offer at the Ministry of Finance (please see the Czech version of our website)
24/02/2011 - The research of our faculty members Michal Bauer and Julie Chytilova in the American Economic Review
Congratulations to our faculty members Michal Bauer and Julie Chytilova, who together with their co-author Jonathan Morduch recently got accepted a joint paper titled ‘Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India’ in the American Economic Review. The working paper version is available in our IES working paper series.
