Economist Zuzana Fungáčová, Institute for Economies in Transition BOFIT

Address
Snellmaninaukio, Helsinki
Finland

Postal address
Bank of Finland
PO Box 160
FI-00101 HELSINKI, FINLAND

Telephone
010 831 2334 (national),
+358 10 831 2334 (international)

Fax
010 831 2294 (national),
+358 10 831 2294 (international)

Email
Firstname.Lastname@bof.fi

Career

Zuzana Fungáčová holds a Ph.D in Economics from the Center for Economic Research and Graduate Education (CERGE-EI) in Prague. Her dissertation dealt with the impact of the privatization method on stock market creation in transition countries. She also holds a degree of M.A. in Economics from CERGE-EI and a degree of M.Sc. in Business Administration from the University of Economics in Bratislava, Slovakia.

Ms Fungáčová has been employed as an Economist at the Bank of Finland Institute for Economies in Transition (BOFIT) since September 2007, specialising in issues related to the development of Russia’s banking and financial system. Ms Fungáčová also worked at BOFIT as a Visiting Researcher in spring 2006.

Bank of Finland Institute for Economies in Transition (BOFIT)

Expertise

Russia's banking system

Selected publications

2011
	Christophe J. Godlewski, Zuzana Fungáčová and Laurent Weill: Stock market reaction to debt financing arrangements in Russia Comparative Economic Studies, 2011, 53, (679–693) doi: 10.1057/ces.2011.19 Zuzana Fungáčová, Christophe Godlewski and Laurent Weill: Asymmetric information and loan spreads in Russia: Evidence from syndicated loans Eastern European Economics Vol. 49, no. 1, January–February 2011, pp. 13–30. Zuzana Fungáčová and Tigran Poghosyan: Determinants of bank interest margins in Russia: Does bank ownership matter? Economic Systems 35 (2011) 481–495, ISSN: 0939-3625 doi:10.1016/j.ecosys.2010.11.007 Zuzana Fungáčová and Jan Hanousek: Determinants of Firm Delisting on the Prague Stock Exchange Prague Economic Papers (forthcoming)
2010
	Zuzana Fungáčová, Laura Solanko and Laurent Weill: Market Power in the Russian Banking Industry. International Economics 124 (2010), pp. 127-146.
2009
	Zuzana Fungáčová: Privatization and Stock Market Creation: Evidence from Transition Economies CERGE-EI dissertation
2007
	Zuzana Fungáčová: Massive Delisting on the Prague Stock Exchange. Beyond Transition Newsletter, The World Bank, Vol.18 No.2, 2007

Other publications

2012
	Zuzana Fungáčová and Petr Jakubík: Bank stress tests as an information device for emerging markets: The case of Russia Bank of Finland, BOFIT Discussion Papers 3/2012
2011
	Zuzana Fungáčová, Risto Herrala and Laurent Weill: The Influence of Bank Ownership on Credit Supply: Evidence from the Recent Financial Crisis Bank of Finland, BOFIT Discussion Papers 34/2011 Zuzana Fungáčová and Iikka Korhonen: Like China, the Chinese banking sector is in a class of its own Bank of Finland, BOFIT Discussion Papers 32/2011
2010
	Zuzana Fungácová, Laurent Weill and Mingming Zhou: Bank capital, liquidity creation and deposit insurance Bank of Finland, BOFIT Discussion Papers 17/2010 Christophe J. Godlewski, Zuzana Fungáčová and Laurent Weill: Stock market reaction to debt financing arrangements in Russia Bank of Finland, BOFIT Discussion Papers 16/2010 Zuzana Fungácová, Laura Solanko and Laurent Weill: Market power in the Russian banking industry Bank of Finland, BOFIT Discussion Papers 3/2010 Laura Solanko and Zuzana Fungáčová: The Russian Banking Industry after the 2008–2009 Financial Crisis – What Next? Russian Analytical Digestt No. 74: Russian Financial Activities Zuzana Fungáčová and Sanna Kurronen: Bonds gaining ground as a finance tool in Russia Bank of Finland, Focus/Opinion - Expert View 1/2010
2009
	Zuzana Fungáčová and Laura Solanko: Has banks’ financial intermediation improved in Russia? Bank of Finland, BOFIT Online 8/2009 Zuzana Fungáčová and Laurent Weill: How Market Power Influences Bank Failures: Evidence from Russia Bank of Finland, BOFIT Discussion Papers 12/2009 Zuzana Fungáčová, Christophe J. Godlewski and Laurent Weill: Asymmetric information and loan spreads in Russia: Evidence from syndicated loans Bank of Finland, BOFIT Discussion Papers 7/2009 Zuzana Fungáčová and Laura Solanko: The Russian banking industry after the financial crisis – where to next? Bank of Finland, Bank of Finland Bulletin 2/2009 BOFIT Venäjä-ryhmä: Venäjä ja kansainvälinen rahoituskriisi Suomen Pankki, BOFIT Online 2/2009
2008
	Zuzana Fungáčová and Laura Solanko: Current situation in the Russian banking sector Bank of Finland, Focus/Opinion – Expert view 5/2008 Zuzana Fungáčová and Laura Solanko: Risk-taking by Russian banks: Do location, ownership and size matter? Bank of Finland, BOFIT Discussion Papers 21/2008
2007
	Zuzana Fungáčová: Can the Market Fix a Wrong Administrative Decision? Massive Delisting on the Prague Stock Exchange CERGE-EI Working Paper No.335, August 2007
2006
	Zuzana Fungácová and Jan Hanousek: A castle built on sand: The effects of mass privatization on stock market creation in transition economies Bank of Finland, BOFIT Discussion Papers 14/2006 “Czech Capital Markets” in Zemčík P., and Žigic, K., Eds., Czech Republic 2006: Accelerated Growth An Economic Survey by CERGE, Charles University, Economic Institute, ASCR, Prague
2005
	“Czech Capital Markets” in Dušek, L., and Žigic, K., Eds., Czech Republic 2005: Year After An Economic Survey by CERGE, Charles University, Economic Institute, ASCR, Prague
2004
	“Capital Markets in the Accession Countries” in Dušek, L., and Jurajda, Š., Eds., Czech Republic 2003/2004: Entering the EU An Economic Survey by CERGE, Charles University, Economic Institute, ASCR, Prague