Guest lecture: Dr. Zuzana Fungáčová, Bank of Finland

Dr. Zuzana Fungáčová from the Bank of Finland will give a guest lecture in Vaasa on Tuesday 19.02 at 14:15-15:45 in C203(Kurtén), University of Vaasa.

Zuzana Fungáčová is senior adviser at the Bank of Finland Institute for Economies in Transition in Helsinki. Her research interests are in banking, emerging markets and their financial sectors as well as financial stability. She has been a financial stability expert at the European Central Bank and a visiting economist at the Austrian Central Bank.

She obtained her PhD in Economics from Center for Economic Research and Graduate Education in Prague and was also a research affiliate at the Institute of Economic Studies at Charles University in Prague. Her research has been published in academic journals including Journal of Banking and Finance, Journal of Financial Services Research, Journal of Economic Behavior & Organization, World Development, Journal of Macroeconomics, Economics of Transition, Regional Studies and China Economic Review.

Besides other topics, Zuzana will present one of hers  recent working papers, the abstract of which is below:

“Does Experience of Banking Crises Affect Trust in Banks?” This paper investigates if and how past experience of banking crises influences individuals’ trust in banks. We combine data on banking crises for the period 1970-2017 with individual data on trust in banks for a sample of 52 countries. We find that past experience of banking crises deteriorates trust in banks. An experience of banking crisis in the lifetime reduces the degree of trust in banks and a higher number of years of banking crises in the lifetime is negatively related with trust in banks. Age at the time of the crisis matters: trust of banks is eroded when the individual is between 41 and 60 at the time of the banking crisis. Severe and less severe crises diminish trust in banks. However severe banking crises affect young people at the time of the crisis while less severe banking crises influence more mature people. The impact of past experience of banking crises on trust in banks is more pronounced for women and low-income individuals.