Zuzana Fungáčová
Senior Adviser
Zuzana Fungáčová is Senior Adviser at the Bank of Finland Institute for Emerging Economies (BOFIT), where she leads research activities and serves as Editor-in-Chief of the BOFIT Discussion Paper Series. Her research focuses on empirical banking, emerging markets and their financial sectors as well as political economy of banking. She earned her Ph.D. in Economics from CERGE-EI in Prague.
Unit
The Bank of Finland Institute for Emerging Economies (BOFIT)
firstname.lastname@bof.fi
Bank Liquidity Creation, The Oxford Handbook of Banking (4th ed.) (24.3.2025). Zuzana Fungáčová; Laurent Weill; Denis Davydov. .
Monetary Policy Below Zero: An Empirical Investigation of the Reversal Rate (19.3.2025). Zuzana Fungáčová; Eeva Kerola; Olli-Matti Laine. International Journal of Central Banking (Forthcoming).
Staying on top: Political cycles in private bank lending (31.8.2023). Zuzana Fungáčová; Koen Schoors; Laura Solanko; Laurent Weill. Journal of Comparative Economics.
The Politics of Bank Failures in Russia (19.5.2023). Zuzana Fungáčová; Alexei Karas; Laura Solanko; Laurent Weill. Post-Soviet Affairs.
Does Experience of Banking Crises Affect Trust in Banks? (2.10.2022). Zuzana Fungáčová; Eeva Kerola; Laurent Weill. Journal of Financial Services Research.
Does Bank Efficiency Affect the Bank Lending Channel in China? (19.9.2022). Zuzana Fungáčová; Eeva Kerola; Laurent Weill. Emerging Markets Review.
High Liquidity Creation and Bank Failures (10.9.2021). Zuzana Fungáčová; Rima Turk; Laurent Weill. Journal of Financial Stability.
Does the Type of Debt Matter? Stock Market Perception in Europe (18.3.2020). Zuzana Fungáčová; Christophe Godlewski; Laurent Weill. Quarterly Review of Economics and Finance.
Persistent and Transient Inefficiency : Explaining the Low Efficiency of Chinese Big Banks (15.2.2020). Zuzana Fungáčová; Paul-Olivier Klein; Laurent Weill. China Economic Review.
Banking in the Transition Countries of Central, Southern, and Eastern Europe and the Former Soviet Union (15.10.2019). Zuzana Fungáčová; Iftekhar Hasan; Laura Solanko; Paul Wachtel. The Oxford Handbook of Banking (3 ed.).
Corruption in China: What Shapes Social Attitudes Toward It? (15.9.2019). Zuzana Fungáčová; Ilari Määttä; Laurent Weill. Comparative Economic Studies.
Trust in Banks (15.1.2019). Zuzana Fungáčová; Iftekhar Hasan; Laurent Weill. Journal of Economic Behavior and Organization.
Trusting Banks in China (26.4.2018). Zuzana Fungáčová; Laurent Weill. Pacific Economic Review.
Cyclicality of Bank Liquidity Creation (23.2.2018). Denis Davydov; Zuzana Fungáčová; Laurent Weill. Journal of International Financial Markets, Institutions and Money.
Banking competition in China (30.9.2017). Zuzana Fungáčová; Laurent Weill. Handbook of Competition in Banking and Finance.
Does Bank Competition Reduce Cost of Credit? Cross-country Evidence from Europe (15.7.2017). Zuzana Fungáčová; Anastasiya Shamshur; Laurent Weill. Journal of Banking and Finance.
Bank Capital, Liquidity Creation and Deposit Insurance (21.1.2017). Zuzana Fungáčová; Laurent Weill; Mingming Zhou. Journal of Financial Services Research.
Fiscal Policy and Regional Output Volatility: Evidence from Russia (2.9.2016). Markus Eller; Jarko Fidrmuc; Zuzana Fungáčová. Regional Studies.
Reserve Requirements and the Bank Lending Channel in China (27.8.2016). Zuzana Fungáčová; Riikka Nuutilainen; Laurent Weill. Journal of Macroeconomics.
Determinants of Financial Inclusion in Asia (31.3.2016). Zuzana Fungáčová; Laurent Weill. Financial Inclusion in Asia: Issues and Policy Concerns.
Understanding Financial Inclusion in China (10.6.2015). Zuzana Fungáčová; Laurent Weill. China Economic Review.
Does Bank Liquidity Creation Contribute to Economic Growth? Evidence from Russia (30.4.2015). Jarko Fidrmuc; Zuzana Fungáčová; Laurent Weill. Open Economies Review.
Does Money Buy Credit? Firm-Level Evidence on Bribery and Bank Debt (27.4.2015). Zuzana Fungáčová; Anna Kochanova; Laurent Weill. World Development.
Does Competition Influence the Bank Lending Channel in the Euro Area? (11.7.2014). Zuzana Fungáčová; Laura Solanko; Laurent Weill. Journal of Banking and Finance.
Is Bank Competition Detrimental to Efficiency? Evidence from China (13.12.2013). Zuzana Fungáčová; Pierre Pessarossi; Laurent Weill. China Economic Review.
Bank Stress Tests as an Information Device for Emerging Markets: The Case of Russia (16.10.2013). Zuzana Fungáčová; Petr Jakubik. Czech Journal of Economics and Finance.
The Influence of Bank Ownership on Credit Supply: Evidence from the Recent Financial Crisis (14.6.2013). Risto Herrala; Zuzana Fungáčová; Laurent Weill. Emerging Markets Review.
Does Competition Influence Bank Failures? Evidence from Russia (15.3.2013). Zuzana Fungáčová; Laurent Weill. Economics of Transition.
Bank Liquidity Creation in Russia (26.4.2012). Zuzana Fungáčová; Laurent Weill. Eurasian Geography and Economics.
Determinants of Firm Delisting on the Prague Stock Exchange (30.12.2011). Zuzana Fungáčová; Jan Hanousek. Prague Economic Papers.
Stock Market Reaction to Debt Financing Arrangements in Russia (13.10.2011). Christophe J. Godlewski; Zuzana Fungáčová; Laurent Weill. Comparative Economic Studies.
Determinants of Bank Interest Margins in Russia: Does Bank Ownership Matter? (24.6.2011). Zuzana Fungáčová; Tigran Poghosyan. Economic Systems.
Asymmetric Information and Loan Spreads in Russia: Evidence from Syndicated Loans (21.1.2011). Zuzana Fungáčová; Christophe J. Godlewski; Laurent Weill. Eastern European Economics.
Насколько российские банки преуспели в финансовом посредничестве? (1.11.2010). Zuzana Fungáčová; Laura Solanko. Journal of the New Economic Association.
Market Power in the Russian Banking Industry (5.3.2010). Zuzana Fungáčová; Laura Solanko; Laurent Weill. International Economics.
Risk-taking by Russian Banks: Do Location, Ownership and Size Matter? (1.7.2009). Laura Solanko; Zuzana Fungáčová. HSE Economic Journal.
Northern insights : Geopolitical risk from Finnish news media (18.12.2025). Gene Ambrocio; Zuzana Fungáčová; Joni Heikkinen; Eeva Kerola; Iikka Korhonen; Anni Norring. Bank of Finland Research Discussion Papers
Lending is a political issue in Russia (28.7.2025). Zuzana Fungáčová; Laura Solanko; Laurent Weill. BOFIT Policy Brief
European banks are not immune to national elections (29.2.2024). Zuzana Fungáčová; Eeva Kerola; Laurent Weill. BOFIT Discussion Papers
Euroopan pankkisektori muuttumassa voimakkaasti, Euro & talous (21.5.2015). Kimmo Koskinen; Zuzana Fungáčová; Eero Tölö.
Ukraine: Struggling banking sector and substantial political and economic uncertainty (15.4.2015). Stephan Barisitz; Zuzana Fungáčová. BOFIT Policy Brief
Ukrainian banking sector in turmoil (14.8.2014). Zuzana Fungáčová; Iikka Korhonen. BOFIT Policy Brief
Like China, the Chinese banking sector is in a class of its own (18.12.2011). Zuzana Fungáčová; Iikka Korhonen. BOFIT Discussion Papers
Northern insights: Measuring geopolitical risk through Finnish news media (9.1.2026). Gene Ambrocio; Zuzana Fungáčová; Joni Heikkinen; Eeva Kerola; Iikka Korhonen; Anni Norring. VoxEU.
European banks are not immune to national elections (27.6.2024). Zuzana Fungáčová; Eeva Kerola; Laurent Weill. SUERF Policy Brief.
Monetary policy transmission below zero : In search of the reversal rate (30.11.2023). Zuzana Fungáčová; Eeva Kerola; Olli-Matti Laine. SUERF Policy Brief.
Going low for long : The reversal rate is real (20.11.2023). Zuzana Fungáčová; Eeva Kerola; Olli-Matti Laine. VoxEU.
The Russian Banking Industry after the 2008/2009 crisis (1.4.2010). Zuzana Fungáčová; Laura Solanko. Russian Analytical Digest.
Massive Delisting on the Prague Stock Exchange (1.7.2007). Zuzana Fungáčová. Beyond Transition Newsletter.