Since 2018, the NBS and Belgrade Faculty of Economics jointly organise the Belgrade Economics and Finance Research Seminar, following on the seminars held by the NBS from 2010.
The seminars will be held from 1 to 2 pm on the NBS premises, 17 Nemanjina Street, Belgrade.
The seminars are open to all. The applicants must register on firstname.lastname@example.org at least two days before the seminar. Please fill in your name and surname in the application and indicate the title of the seminar, name of your employer and the number of a valid personal identification document (ID card or passport). Attendance in the seminars is determined based on the order of applications received. You will receive an e-mail notification only if all places are filled. Otherwise, consider your registration successful.
As you will be required to present your ID card or passport at the entrance to NBS building, make sure you arrive 15 minutes before the event.
23 November 2018
Theocharis Grigoriadis, Free University of Berlin, School of Business & Economics
Topic: “Conflict & Empire: Evidence from the Breakup of Livonian Confederation” | Working paper
31 October 2018
Simeon Djankov, Director of the WDR 2019
Topic: “World Development Report: The Changing Nature of Work”
World Development Report 2019 (The World Bank) | Presentation
22 June 2018
Assaf Razin, Cornell University, USA and Tel Aviv University, Israel
Topic: “Financial Globalization and the Welfare State”
13 June 2018
Martin Summer, Central bank of Austria
Topic: "Systematic and Systemic Stress Tests"
25 May 2018
Kamil Yilmaz, Koc University, Turkey
Topic: “Input-Output Networks and Producer Price Inflation Connectedness“
15 December 2017
Nikola Gradojevic, University of Guelph, Canada
Topic: "Informativeness of trade size in foreign exchange markets"
17 November 2017
Urszula Szczerbowicz, Banque de France
Topic: "Corporate Debt Structure and Unconventional Monetary Policy in the United States"
10 November 2017
Geert Mesters, Universitat Pompeu Fabra & Barcelona GSE
Topic: "Detecting Granular Time Series in Large Panels"
20 October 2017
Kamil Yilmaz, Koc University, Turkey
22 September 2017
Martin Feldkircher, Austrian National Bank
Topic: "US Monetary Policy in a Globalized World" | Presentation
23 June 2017
Serafeim Tsoukas, University of Glasgow
Topic: "Bank funding shocks and firm performance: New evidence from the sovereign debt crisis"
12 June 2017
Luca Gelsomini, ICEF, HSE, Moscow
Topic: "The Quoted Spread of a Monopolist Informed Intermediary"
9 June 2017
Laurent Weill, University of Strasbourg
Topic: "Trust in Banks"
5 May 2017
Adam Gersl, Joint Vienna Institute
Topic: "Credit-Based Early Warning Indicators of Banking Crises in Emerging Markets"
28 April 2017
Zuzana Fungacova, Bank of Finland
Topic: "Does Bank Competition Reduce Cost of Credit? Cross-country Evidence from Europe"
21 април 2017
Avi Wohl, Tel Aviv University
Topic: "Corporate Bond Trading on a Limit Order Book Exchange"
31 March 2017
Günter Strobl, Frankfurt School of Finance and Management
Topic: "Credit Ratings: Strategic Issuer Disclosure and Optimal Screening"
2 December 2016
Guglielmo Maria Caporale, Brunel University
Topic: "Macro News and Bond Yield Spreads in the Euro Area"
25 November 2016
Carsten Schröder, DIW and Free University Berlin
Topic: "Revisiting the Evidence for a Cardinal Treatment of Ordinal Variables"
14 November 2016
Ranko Jelic, University of Sussex
Topic: "Time Varying Factors in the Performance of European Corporate Bonds"
4 November 2016
Torben Andersen, Aarhus University
Topic: "The big trade-off between efficiency and equity - is it there?"
28 October 2016
Alessandro Barattieri, Collegio Carlo Alberto
Topic: "Banks Interconnectivity and Leverage"
21 October 2016
Joscha Beckmann, University of Antwerp
Topic: "Analyzing Disagreement and Exchange Rate Predictability Using Time-Varying VAR-X Models"
13 June 2016
Sergey Gelman, Higher School of Economics, Moscow
Topic: "Firm-specific uncertainty around earnings announcements and the cross-section of stock returns"
20 May 2016
Fernando Broner, CREI - Universitat Pompeu Fabra, Barcelona, Spain
Topic: "Rethinking the Effects of Financial Globalization"
6 May 2016
Tomasz Michalski, HEC Paris, France
Topic: “Financial Integration and Growth: Banks' Previous Industry Exposure Matters”
26 February 2016
Jan-Egbert Sturm, ETH Zurich, Switzerland
Topic: "Finance and income inequality revisited"
20 November 2015
Ugo Panizza, Graduate Institute Geneva
Topic: "The second wave of global liquidity: Why are firms acting like
13 November 2015
Frank Westermann, Osnabrueck University
Topic: “China’s Capital Flight: Pre- and Post-Crisis Experiences”
6 November 2015
Xin Zhang, Sveriges Riksbank
Topic: "Default exposure to downside risks and the cross-section of expected returns"
23 October 2015
Michael Landesmann, Vienna Institute for International Economic Studies (WIIW)
Topic: "Dealing with Structural External Imbalances"
9 October 2015
Simone Manganelli, ECB
Topic: "Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in the euro area"
19 June 2015
Tommaso Monacelli, Bocconi University, Milano, Italy
Topic: "Understanding the Gains from Wage Flexibility: the Exchange Rate connection" | Presentation
5 June 2015
Christian Laux, WU University, Vienna
Topic: "Procyclicality of US Bank Leverage"
25 May 2015
Dalibor Stevanovic, University of Quebec, Montreal, Canada
Topic: "Forecasting economic activity in data-rich environment: The case of a small open economy"
8 May 2015
Hans-Werner Sinn, CESIfo Institute and Univesity of Munich, Germany
Topic: "The Euro Crisis"
24 April 2015
Gerhard Illing, Ludwig-Maximilian University of Munich, Germany
Topic: "Forward Guidance at the Zero Lower Bound in a Model of Price-Level Targeting" | Presentation
17 April 2015
Alexander Popov, European Central Bankа
Topic: "Sovereign Stress, Unconventional Monetary Policy, and SME Access to Finance"
13 March 2015
Dirk Niepelt, University of Bern and Gerzensee Center, Switzerland
Topic: “Austerity” | Presentation
27 February 2015
Luca Sala, Bocconi University, Milano, Italy
Topic: "Noisy News in Business Cycles"
19 December 2014
Paolo Pinotti, University Bocconi, Milano, Italy
Topic: "The Economic Costs of Organized Crime: Evidence from Southern Italy"
21 November 2014
Guglielmo Caporale, Brunnel University, UK
Topic: "Fiscal Spillovers in the Euro Area"
10 October 2014
Marco Pagano, University Naples I, Italy
Topic: "Advertising Arbitrage"
3 October 2014
Javier Ordonez, Universidad Jaume I, Spain
Topic: "Real Unit Labour Costs in Eurozone Countries: Drivers and Clusters"
5 September 2014
Michael Wickens, University of York, UK
Topic: "Sovereign credit ratings in the European Union: a model based fiscal analysis" | Presentation
4 July 2014
Stephen Broadberry, London School of Economics, UK
Topic: "The BRICs: what does economic history say about their growth prospects" | Presentation
6 June 2014
Rajnish Mehra, Luxembourg School of Finance, Luxembourg
Topic: "Macroeconomic Determinants of Financial Predictability"
2 June 2014
Slobodan Djajic, Graduate Institute, Geneva, Switzerland
Topic: "International Migration of Skilled Workers with Endogenous Policies"
30 May 2014
Thomas Noe, Said Business School, Oxford University, UK
Topic: "Blood and Money: Kin altruism, governance, and inheritance in the family firm"
23 May 2014
Magnus Dahlquist, Stockholm School of Economics, Sweden
Topic: "On the Design of a Default Pension Fund"
16 May 2014
Barbara Rossi, University Pompeu Fabra and CREI, Spain
Topic: "Are Central Banks' and Private Sector's Forecasts Rational? Empirical Evidence Based on New Forecast Optimality Tests in the Presence of Instability"
9 May 2014
Michel Habib, Swiss Finance Institute and University of Zurich, Switzerland
Topic: "Sovereign Debt Sustainability in Advanced Economies" | Presentation
28 April 2014
Assaf Razin, Tel Aviv University, Israel and Cornell University, USA
Topic: "Liquidity Crises, Currency Crises, and the Euro Crises: Analytical View" | Presentation
25 April 2014
Vicente Cunat, London School of Economics, UK
Topic: "Within-Bank Transmission of Real Estate Shocks"
7 March 2014
Martin Summer, Austrian Central Bank
Topic: "Endogenous Leverage and Asset Pricing in Double Auctions"
21 Februaryр 2014
Norman Schürhoff, HEC Lausanne, Switzerland
Topic: "Dealer Networks: Market Quality in Over-The-Counter Markets"
7 February 2014
Pavle Petrović, University of Belgrade and Fiscal Council of Serbia
Topic: "Fiscal Multipliers in Emerging European Economies"
29 November 2013
Ranko Jelić, University of Birmingham, UK
Topic: "European Asset Swap Spreads and the Credit Crisis"
15 November 2013
Leonardo Gambacorta, Bank for International Settlements (BIS), Switzerland
Topic: “Monetary policy in a downturn: Are financial crises special?”
11 October 2013
Rafael Wouters, National Bank of Belgium
Topic: "Endogenous Risk in a DSGE Model with Capital-constrained Financial Intermediaries"
27 September 2013
Wouter den Haan, London School of Economics, UK
Topic: ”Inventories and the Role of Goods-Market Frictions for Business Cycles”
20 September 2013
Roberto Pancrazi, University of Warwick, UK | Presentation
Topic: "Debt Habits, Private Lending and Sovereign Risk"
13 September 2013
Walter Distaso, Imperial College, London, UK
Topic: "Conditional alphas and realized betas"
23 August 2013
Paul Schweinzer, University of York, UK
Topic: "Consuming your way to efficiency: public goods provision through non-distortionary tax lotteries"
23 August 2013
Paul Schweinzer, University of York, UK
Topic: "Consuming your way to efficiency: public goods provision through non-distortionary tax lotteries" | Presentation
5 July 2013
Срђан Стојановић, University of Cincinnati, USA
Topic: “Neutral and Indifference Portfolio Pricing, Hedging and Investing”
2 July 2013
Viral Acharya, Stern School of Business, New York University, USA
Topic: "Measuring and Managing Global Systemic Risk" | Website
20 June 2013
Boyan Jovanovic, New York University, USA
Topic: ”Extensive and Intensive Investment over the Business Cycle”
7 June 2013
Refet Gürkaynak, Bilkent University, Turkey
Topic: "Judging the DSGE Model by Its Forecast"
31 May 2013
Pasquale Della Corte, Imperial College London, UK
Topic: ”Volatility Risk Premia and Exchange Rate Predictability”
10 May 2013
Jose Penalva, Universidad Carlos III, Spain
Topic: "Loanable Funds with Intermediaries under Central Bank Supervision"
5 April 2013
Geert Persman, Ghent University, Belgium
Topic: "The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis"
29 March 2013
Levent Kockesen, Koc University, UK
Topic: "Renegotiation/Proof Third-Party Contracts under Asymmetric Information" | Presentation
15 March 2013
Alexei Bulatov, ICEF, Higher School of Economics, Russian Federation
Topic: "Uniqueness of Equilibrium in the Single-Period Kyle (1985) Model"
1 March 2013
Francesca Cornelli, London Business School, UK
Topic: "CEO Turnover in LBOs: The Role of Boards" | Presentation
22 February 2013
Artashes Karapetyan, Norges Bank
Topic: "Information Sharing and Information Acquisition in Credit Markets" | Presentation
8 February 2013
Pavle Petrović, Faculty of Economics, Belgrade
Topic: "Monetary Policy Rule in Emerging Europe: a Discrete Choice Approach"
1 February 2013
Thomas Gehrig, University of Vienna, Austria
Topic: "Loan Sales and Screening Incentives"
25 јануар 2013
Jakša Cvitanić, EDHEC Business School, France and California Institute of Technology, USA
Topic: "Competition in Portfolio Management: Theory and Experiment" | Presentation
11 јануар 2013
Bruce Boghosian, American University of Armenia
Topic: "Asset exchange models with inflation and taxation"
18 јануар 2013
Bart Taub, University of Durham, UK
Topic: "Inconspicuousness and obfuscation: How large shareholders dynamically manipulate output and information for trading purposes"
14 December 2012
Christian Haefke, IAS, Austria
Topic: "Labor Market Participation and Labor Supply Elasticities
4 December 2012
Antonio Cabrales, Univesidad Carlos III, Spain
Topic: "Risk-sharing and contagion in networks" | Presentation
23 November 2012
Frank Smets, European Central Bank
Topic: "Booms and Systemic Banking Crises"
16 November 2012
Joel Peress, INSEAD, France
Topic: "The Media and the Diffusion of Information in Financial Markets: Evidence from Newspaper Strikes"
7 November 2012
Pierpaolo Benigno, Luiss University, Rome, Italy
Topic: "Monetary Policy, Doubts and Asset Prices" | Presentation
2 November 2012
Cedric Tille, Graduate Institute, Geneva, Switzerland
Topic: "A bargaining theory of trade invoicing"
26 October 2012
Vladimir Sokolov, ICEF, Higher School of Economics
Topic: "Tracing the Impact of Central Bank Liquidity Infusions on Financially Constrained Banks: Evidence from a Natural Experiment" | Presentation
19 October 2012
Massimiliano Marcelino, European University Institute, Florenze, Italy
Topic: "Structural Analysis with Classical and Bayesian Large Reduced Rank VARs" | Presentation
5 October 2012
Charles Goodhart, London School of Economics, UK
Topic: "The Euro-Crisis: Past, Present and Future" | Презентација
28 September 2012
Suleyman Basak, London Business School and CEPR, UK
Topic: "Asset Prices and Institutional Investors”
21 September 2012
Michael Funke, Univerity of Hamburg, Germany
Topic: "The Signalling Channel of Central Bank Interventions: Modelling the Yen /US Dollar Exchange Rate" | Presentation
19 September 2012
Indermit Gill, World Bank
Topic: "Serbia: A Little More Austerity, A Lot More Growth"
14 September 2012
Dennis Kristensen, University College, London, UK
Topic: "Robust inference in asset pricing models under structural instability”
10 September 2012
Franco Bruni, Bocconi University, Milano, Italy
Topic: "Curing and preventing euroarea's sovereign debt crises: some isues and a recipe"
12 July 2012
Dimitrios Tsomocos, Said Business School, Oxford University, UK
Topic: "Financial Regulation in General Equilibrium” | Presentation
6 July 2012
Siem Jan Koopman, Vrije University Amsterdam, Netherlands
Topic: "Observation Driven Mixed-Measurement Dynamic Factor Models with an Application to Credit Risk" | Презентација
29 June 2012
Branko Urosevic, Faculty of Economics, Belgrade and NBS
Topic: "A Signaling Model of University Selection"
8 June 2012
Kevin Sheedy, London School of Economics, UK
Topic: "Debt and Risk Sharing in Incomplete Financial Markets: A Case for Nominal GDP Targeting"
1 June 2012
Gianluca Benigno, London School of Economics, UK
Topic: "Reserve Accumulation, Growth and Financial Crisis” | Presentation
31 May 2012
Julia Kiraly (Deputy-Governor, National Bank of Hungary)
Topic: "Macroprudential and monetary policy dilemmas in a small open economy” | Presentation
25 May 2012
Gerhard Illing, University of Munich, Germany
Topic: "Interest rate trap – the role of money"
18 May 2012
Jon Danielsson, London School of Economics, UK
Topic: "Systemic Risk: Models and Policy" | Presentation
11 May 2012
Маtthias Morys, University of York, UK
Topic: "Business cycles in South-East Europe 1870-2000: A Bayesian Dynamic Factor Model"
4 May 2012
Christian Julliard, London School of Economics, UK
Topic: "Network Risk and Key Players: A Structural Analysis of Interbank Liquidity"
27 April 2012
Марија Вукотић, Banque de France
Topic: "TFP Persistence and Monetary Policy" | Presentation
20 April 2012
Seppo Honkapohja, Bank of Finland
Topic: "Learning as a Rational Foundation for Macroeconomics and Finance"
6 April 2012
Juan Pedro Gomez, Instituto di Empressa Business School, Madrid, Spain
Topic: "Portfolio Manager Compensation in the U. S. Mutual Fund Industry" | Presentation
30 March 2012
Luciana Juvenal, FED St. Louis, USA
Topic: "Trade and Synchronization in a Multi – Country Economy"
9 March 2012
Iftekhar Hasan, Fordham University, NY, USA
Topic: "Financial Contracting: Banks versus Banks"
2 March 2012
Altin Tanku, Bank of Albania
Topic: "The Role of Budget Constrains in the Theory of Rational Expectations, A Framework for Modeling and Discussing Financial Stability" | Presentation
24 February 2012
Richild Moessner, BIS
Topic: "Banking Crises and the International Monetary System in the Great Depression and Now"
10 February 2012
Boris Vujčić, Croatian National Bank (Deputy Governor, CNB)
Topic: "Emerging markets during the crisis: why this time was different?" | Presentation
3 February 2012
Francesco Furlanetto, Norges Bank
Topic: "Matching Efficiency and Business Cycle Fluctuations" | Presentation
30 January 2012
Michael Ehrmann, European Central Bank
Topic: "Global Crises and Equity Market Contagion"
27 January 2012
Dušan Isakov, University of Fribourg, Switzerland
Topic: "Technical Analysis with a Long Term Perspective" | Presentation
20 January 2012
Marius Jurgilas, Norges Bank, Oslo, Norway
Topic: "Liquidity-Saving Mechanisms in Collateral-Based RTGS Payment Systems" | Presentation
11 November 2011
Giovanna Nicodano, Collegio Carlo Alberto - University of Torino i European Corporate Governance Institute
Topic: "Intercorporate guarantees, leverage and taxes" | Presentation
4 November 2011
Jin Cao, Norges Bank
Тема: “Interest rate trap”, or: Why does the central bank keep the policy rate too low for too long time??" | Presentation
31 October 2011
Marco Da Rinn, Tilburg University, Netherlands and Bocconi University, Italy
Topic: "The Benefits of Size for Private Equity Investors"
21 October 2011
Alex Stomper, University of Vienna, Austrija and Massachusetts Institute of Technology (MIT), USA
Topic: "The Politics of Related Lending"
14 October 2011
Lucio Sarno, Cass Business School, City University London, UK
Topic: "Currency Momentum Strategies" | Presentation
7 October 2011
Santiago Carbo-Valverde, University of Granada, Spain and Federal Reserve Bank of Chicago, USA
Topic: "Regulating Two-Sided Markets: An Empirical Investigation" | Presentation
30 September 2011
Denis Gromb, INSEAD, France
Topic: "Financially Constrained Arbitrage and Cross-Market Contagion" | Presentation
23 September 2011
Michael Reiter, Vienna Institute for Advanced Studies, Austria
Topic: "Lumpy Investment and State-Dependent Pricing in General Equilibrium"
16 September 2011
Valentina Corradi - University of Warwick, UK
Topic: "Testing the Degree of Commitment via Set-Identification" | Presentation
9 September 2011
Stefan Schmitz iz Oesterreichische Nationalbank
Topic: "Structure and Stability in Payment Networks" | Presentation
2 September 2011
Kasper Roszbach - Sveriges Riksbank и University of Groningen, Netherlands
Topic: "Credit Ratings and Bank Monitoring Ability"
19 August 2011
Mathias Trabandt, Sveriges Riksbank
Topic: "Involuntary Unemployment and the Business Cycle”
8 July 2011
Charles Engel,University of Wisconsin - Madison, USA
Topic: "The Real Exchange Rate, Real Interest Rates, and the Risk Premium" | Presentation
1 July 2011
Diego Garcia, Kenan-Flager Business School, University of North Carolina, Chapel Hill, USA
Topic: "Journalsts and the stock market, sentiments and recessions" - ,  | Presentation
17 June 2011
Carsten Sprenger, The International College of Economics and Finance (ICEF), Moscow, Russia
Topic: "Regional House Price Dynamics in Russia" | Presentation
10 June 2011
Bertrand Candelon, Maastricht University, School of Business and Economics, Netherlands
Topic: "Modeling financial crises mutation" | Presentation
3 June 2011
Bernard Dumas, INSEAD, France
Topic: "Incomplete-Market Equilibria Solved Recursively on an Event Tree" | Presentation
27 May 2011
Lucrezia Reichlin, London Business School, UK
13 May 2011
Jagjit Chadha, University of Kent, School of Economics, UK
Topic: "Non-standard monetary policy in DSGE models" - Discussion Papers ,  | Presentation
6 May 2011
Francesco Ravazzolo, Norges Bank
Topic: "Forecast Densities for Economic Aggregates from Disaggregate Ensembles" | Presentation
8 April 2011
Franziska Schobert, Deutsche Bundesbank
Topic: "Inflation Targeting by Debtor Central Banks in Emerging Market Economies“ | Presentation
1 April 2011
Jordi Galí, Centre de Recerca en Economia Internacional (CREI), Spain
Topic: „Unemployment Fluctuations and Stabilization Policies: A New Keynesian Perspective“ | Presentation
25 March 2011
Jean Imbs, Ecole d'économie de Paris, France
Topic: "Elasticity Optimism“ | Presentation
11 March 2011
Fabrizio Zilibotti, University of Zurich, Switzerland
Topic: "Growing Like China“ | Presentation
25 February 2011
Mirko Đukić, National Bank of Serbia
Topic: "Medium-term projection model of the National Bank of Serbia" | Presentation
17 February 2011
Yildiray Yildirim, Syracuse University - Martin J. Whitman School of Management
Topic: "Government Policies, Residential Mortgage Defaults, and the Boom and Bust Cycle of Housing" | Presentation
21 јануар 2011
Samuel Reynard, Swiss National Bank (SNB)
Topic: "Maintaining low inflation: Money, interest rates, and policy stance“ | Presentation
17 December 2010
Miloš Božović, Center for Investments and Finance, Belgrade
Topic: "An efficient method for market risk management under multivariate extreme value theory approach“ | Presentation
10 December 2010
Gianluigi Ferrucci, European Central Bank
Topic: "Food price pass-through in the euro area: the role of asymmetries and non-linearities" | Presentation
3 December 2010
Maxim Nikitin, The International College of Economics and Finance (ICEF), Moscow, Russia
Topic: "Double Contagion: The Impact of Globalization and Exchange Rate Regime on Financial Fragility" | Presentation
12 November 2010
Alexander Popov, European Central Bank
Topic: "Cross-Border Banking and the International Transmission of Financial Distress during the Crisis of 2007-08" | Presentation
5 November 2010
Petra Gerlach-Kristen , Bank for International Settlements, Basel
Topic: "Macroeconomic and interest rate volatility under alternative monetary operating procedures" (BIS Working Papers) | Presentation
8 October 2010
Branko Urošević, Center for Investments and Finance (CIF), Belgrade
Topic: "On the Spillover of Exchange-Rate Risk into Default Risk"
1 October 2010
Fabrizio Zampolli, Bank for International Settlements, Basel
Topic: "The future of public debt: prospects and implications" (BIS Working Papers) | Presentation
13 September 2010
Michael Hawkins, HM Revenue and Customs, UK
Topic: "The new UK fiscal policy framework"
16 August 2010
Rodney Garratt , University of California, Santa Barbara
Topic: "Bank Behaviour and Risks in CHAPS Following the Collapse of Lehman Brothers"
24 June 2010
Boyan Jovanović, New York University, Department of Economics
Topic: "Middlemen in Electronic Markets"
24 February 2010
Milan Nedeljković, University of Warwick
Topic: "Nonparametric Test of Conditional Quantile Independence with Applications to Bank’s Systemic Risk"