Research Seminar on Empirical Studies of Banking

The seminar takes place in two models.

-The scientific seminar (once a month during the academic semester)

-The methodological seminar (for doctoral students, according to a special schedule)

The nature of a forthcoming meeting will be determined and announced in advance.

The first meeting: took place on February, 15^th 2010

The composition of participants: lecturers, doctoral students, and students of the School of finance. Everybody having a wish is welcome to participate.

Doctoral students, lecturers, researchers, postgraduate students of Higher School of Economics, domestic and foreign experts engaged in empirical researches. It is necessary for a speaker to provide written text (seminar paper, conference paper, scholarly publication, the printed version of a presentation. The priority is given to empirical researches and the generalization of statistical material. Interdisciplinary researches are also welcomed.

Preprints of Higher School of Economics, Russian academic periodicals.

Moscow, Pokrovskiy Boulevard, 11

The School of Finance of HSE, Pokrovskiy Boulevard, 11, the office S637, email: df@hse.ru

№2024-22 166

The Research Seminar "Empirical Studies of Banking Activities" will be held on October 30, 2024 at 18:30. M.A. Chasovnikova and A.V. Morgunov will speak at the seminar on the topic "Development of a system of models for assessing the probability of default of corporate borrowers in the Metallurgy industry for the purposes of reserving and pricing"

Models for assessing the probability of default are important for credit risk management in Russian commercial banks. Currently, banks are updating models for various risk segments in accordance with Bank of Russia Regulation 483-P. Rating models contribute to a more accurate distribution of regulatory capital, calculation of reserves and formation of interest rates. The study focuses on metallurgical companies whose activities range from the extraction of metal ores to the production of products. These companies represent a specific risk segment, the importance of which is increasing in the context of import substitution and the implementation of infrastructure projects, which emphasizes the relevance of the topic.

Seminar leader: Professor A.M. Karminsky.
Scientific secretary: A.Yu. Egorov

October 30, 2024 at 18:00

Online

More details on the NUL website

https://economics.hse.ru/finrmlab/

No. 2024-22 165

On October 23, 2024 at 18:00, the Research Seminar "Empirical Studies of Banking Activities" will be held. The seminar will feature an invited speaker S.D. Smirnov, Moscow State University "Green" bonds as a tool for financing environmental investment projects.

The report will show the importance of implementing environmental projects for Russian companies, taking into account the growing risks and opportunities affecting financial results. It discusses the problem of low profitability and long payback periods of these projects, which hinders their active implementation. One of the methods for increasing the attractiveness of environmental investments is "green" bonds, which can reduce the cost of financing. To test this hypothesis, an empirical study was conducted based on data from 20 largest Russian public companies for the period from 2014 to 2021, including non-financial reporting and the results of initial bond placements. The results of the study can help in understanding the impact of the cost of debt on the level of environmental investments in the country.

Smirnov S.D. - PhD candidate, Moscow State University

Also within the framework of the Scientific Seminar, there will be a discussion of the collective monograph "Innovations of Financial Institutions", edited by Professor A.M. Karminsky, which is addressed to researchers, practitioners and students interested in new trends and instruments that shape the financial landscape. The publication constitutes a theoretical basis for further study and analysis of financial innovations and their impact on risk management, pricing and investment decisions. Given the relevance of the topic, it will become a useful resource for those who seek to adapt to the rapidly changing financial environment.

Head of the Research Institute "Empirical Studies of Banking Activity": Professor A.M. Karminsky.
Scientific Secretary A.Yu. Egorov

October 23, 2024 at 18:00

Online

More details

No. 2024-22 164

On October 16, 2024, the research seminar "Empirical Studies of Banking Activities" was held. Two speakers spoke at the seminar:

Egorova A.A. (Deloitte, HSE) on the topic "The Impact of ESG Factors on the Financial Performance of Companies"

Pankova V. (CMASF, IEF RAS) on the topic "Modeling the Dynamics of Retail Segments of the Financial Market and Assessing its Impact on the Development of the Financial Sector of Russia"

Head of the Research Institute "Empirical Studies of Banking Activities": Professor A.M. Karminsky. Scientific Secretary A.Yu. Egorov

Webinar connection link:
https://my.mts-link.ru/j/81570443/729031211/stream-new/2091187276

More details

No. 2024-163 October 8-9, 2024

October 8-9, 2024, the Scientific and Practical Laboratory of Financial Innovations and Risk Management and the School of Finance of the National Research University Higher School of Economics (Moscow) held a scientific and practical conference "Digital Currencies and Assets: Problems and Prospects"

The conference is dedicated to the discussion of current issues and modern trends in the field of digitalization of money and finance.

Structure The conference consists of two sections:

Section 1 - "Digital ruble: theory and practice of using digital currencies in domestic and cross-border settlements" will be held on October 8 (14:00-17:00) at the Institute of Economics of the Russian Academy of Sciences, at the following address: Nakhimovsky Prospekt, Building 32, 4th floor, Academic Council meeting room.

Section 2 - "Digital financial assets: instruments, technologies and economic potential for use in the Russian financial market" will be held on October 9 (14:00-17:00) at the National Research University "Higher School of Economics", at the following address: Pokrovsky Boulevard, Building 11, room T510.

more

№2024-162

On October 3-5, the session "Financial Innovations, Risk Management and Control" was held within the framework of the 11th International Conference of the Higher School of Management "Economics and Management" 2024 (EMC 2024)

Alexander Karminsky, Head of the Laboratory of Financial Innovations and Risk Management, HSE karminsky@mail.ru

Sergey Grishunin, Associate Professor, HSE

Alexey Morgunov, Associate Professor, HSE

Maria Shchepeleva, Associate Professor, HSE

Digital innovations are integrated into all areas of modern business, including financial institutions. The modern financial world is unthinkable without blockchain, big data, digital currencies and artificial intelligence. The consequences of the digital revolution in finance are the blurring of the boundaries of the financial industry and the emergence of new competitors, the reformatting of business models of financial institutions, the emergence of fundamentally new products and services for households and businesses. At the same time, the introduction of new technologies in finance entails the emergence of new and evolving risks, the nature and consequences of which have not been sufficiently studied.

https://gsom.spbu.ru/en/research/conferences/emc/#:~:text=Graduate%20School%20of%20Management%20at,in%20the%20period%20of%20turmoil.

№2024-161 October 2, 2024

On October 2, 2024, a research seminar "Empirical Studies of Banking Activities" was held. The invited speaker at the seminar, O. M. Chernomordik, spoke on the topic "Achievements and problems of fingerprinting technologies as applied to information security issues." The report will cover the following issues:

1. An overview of fingerprinting technologies, including fingerprint scanners, correlation and classical algorithms, as well as three types of possible errors and related achievements and problems.
2. Analysis of the quote that "fingerprint data are unique characteristics for authentication of an individual in financial transactions; they are more difficult to counterfeit or steal. This makes them a reliable means of protecting financial information."

O. M. Chernomordik is a candidate of physical and mathematical sciences, a graduate of the Faculty of Mechanics and Mathematics of Moscow State University (1971), and has experience in fingerprinting technologies since 1992.

Head of the Research Institute "Empirical Studies of Banking Activity": Professor A. M. Karminsky.

October 2, 2024 at 6:00 PM in s612
Pokrovsky Blvd, 11, Moscow

Webinar connection link:
https://my.mts-link.ru/j/81570443/729031211/stream-new/2091187276

No. 2024-160 September 1, 2024

Dear colleagues, students and friends! Happy new academic year! September 1 is a special day when we reopen the doors of our classrooms and labs filled with new knowledge, ideas and discoveries. This is the time when we set new goals and objectives, dive into the world of financial innovations and risk management, strive for self-improvement and development. We believe that this academic year will bring many opportunities for scientific research, effective cooperation and interesting projects. May each of you find inspiration in new knowledge, and may perseverance and talent help you achieve your goals. Together we can make our contribution to the development of financial science and practice more significant. We wish you all health, creative success and joy from learning! With a new beginning, from September 1!

№2024-159

On July 1, 2024, Yuri Yakovlevich Dranev successfully defended his doctoral dissertation on the topic "Modeling the Impact of Innovative Development Risks on Firm Value", submitted for the degree of Doctor of Economics.

Research on modeling innovative development risks and their impact on company value is of undoubted value and will be in demand both in the academic environment and in the business community. Experience and expertise will become a significant resource for further improvement of strategic management methods for innovative companies.

Dear Yuri Yakovlevich, we wish you further creative success, the implementation of all your professional plans and endeavors, good health and well-being!

May your scientific and pedagogical talent serve the benefit of the development of the domestic economy and science.

№2024-158

Preliminary discussion (pre-defense) of the candidate dissertation of A.A. Egorova

On June 13, 2024 at 16:00, the School of Finance of the Federal State Budgetary Institution of Science (FES) held a preliminary defense of the candidate's dissertation of Alexandra Alekseevna Egorova on the topic: "The Impact of ESG Factors on the Financial Performance of Companies" at a meeting of the research seminar "Empirical Studies of Banking Activities" with the participation of the Scientific and Research Laboratory of Financial Innovations and Risk Management. Scientific specialty: 38.06.01 Economics
Scientific supervisor: D.Sc. (Econ.), D.Sc. (Eng.), full professor of the National Research University Higher School of Economics Alexander Markovich Karminsky

Reviewers and discussants:

Irina Vasilievna Ivashkovskaya, D.Sc. (Econ.), full professor, head of the School of Finance,

Leonid Markovich Grigoryev, Ph.D. (Econ.), full professor, professor of the Department of World Economy of the Faculty of World Economy and World Politics,

Tatiana Grigoryevna Dolgopjatova, D.Sc. (Econ.), full professor, chief research fellow of the Laboratory of Corporate Governance Analysis of the Institute for Enterprise and Market Analysis,

Yuri Yakovlevich Dranev, PhD, associate professor of the School of Finance, director of the Center for Quantitative Modeling of the ISSEK National Research University Higher School of Economics,

Sergey Vadimovich Grishunin, Ph.D. (Econ.), associate professor of the School finance,

Morgunov Alexey Vladimirovich, PhD in Economics, Associate Professor of the School of Finance.

Pre-defense was held remotely (on the Zoom platform).

The text of the dissertation and summary can be found at the School of Finance and the Scientific Laboratory of Financial Innovations and Risk Management.

№2024-157

On March 20, an in-person scientific seminar was held, where Nadezhda Frolova will speak on the topic "Development of an integrated approach to assessing the prevalence and counteracting unfair consumer lending practices", and Vladislav Afanasyev on the topic "Using non-financial data to predict default in the Russian services sector"

The master class is also aimed at participants of IPS31, IPS48, IPS70, IPS108, IPS112

March 20, 2024 18:00
Moscow, Pokrovsky Boulevard, 11
S622

Head of the Research Institute "Empirical Studies of Banking Activities": Professor A.M. Karminsky.

N.D. Frolova on the topic "Development of a comprehensive approach to assessing the prevalence of and counteracting unfair consumer lending practices"

In the modern world, consumer lending is becoming increasingly widespread. However, with this growth, the number of unfair practices on the part of lenders also increases. In this regard, the relevance of developing a comprehensive approach to assessing and counteracting these practices becomes undeniable. The study offers a solution to this problem, allowing for better control and prevention of negative consequences for clients and the financial sector as a whole.

Afanasyev V.V. on the topic "Using non-financial data to predict default in the Russian service sector"

This study presents data indicating an increase in the quality of default forecasting for firms from individual sectors of the Russian service sector, provided that non-financial data are included in the models.
As a first step, default forecasting models based only on financial ratios were tested on data from Russian service firms and service firms from developed European countries. It is shown that the quality of forecasts for Russian firms is significantly inferior to the quality of forecasts for firms from developed European countries.
Then, several industries were selected and a number of default forecasting models were developed, which made it possible to show that the addition of non-financial data leads to an increase in the accuracy of the models.
In addition to a number of non-financial factors that have previously been used by researchers in this area, the study also proposed some factors that have never been used in default forecasting (for example, business inspection data), and it was shown that they are valuable for forecasting. The practical results of the study may be of interest to credit institutions and counterparties of private firms in the service sector.

Link to connect to the Webinar:
https://alfabank.ktalk.ru/ips70

№2024-156

21 February 2024 at 18:10. Within the framework of the seminar, a discussion of the doctoral dissertation of Egorova A.A. will be held. The topic: "The influence of ESG factors on the financial results of companies." The master class, in particular, is aimed at IPS participants
 
Head of the NIS “Empirical Research of Banking Activity”: Professor A.M. Karminsky.
Topic of the report: "The influence of ESG factors on the financial results of companies"
Speaker: Egorova A.A. - expert in ESG and risk management
 
ESG factors, which cover the environmental, social and governance aspects of companies, are playing an increasingly significant role in determining their financial performance. Companies that actively implement and successfully manage these factors often demonstrate higher financial performance, innovation and competitiveness. At the same time, failure to pay attention to ESG aspects can lead to such negative consequences as loss of investor confidence, reputational risks and a decrease in the company’s capitalization.
Webinar connection link:
https://alfabank.ktalk.ru/ips70

№2024-155

21 February 2024 at 18:10 there will be a seminar on the topic: «Tools of monetary analysis for central banks».
Speaker: Ponomarenko A.A., expert in the field of monetary policy and financial markets. The report will highlight current issues in the development of monetary analysis tools that can be applied in the activities of central banks.
Event format: online
Link: https://alfabank.ktalk.ru/ips70

№2022-138

On December 9-10, 2022, The Special Session 03: Modeling Financial and Economic Sustainability for Decision Making and Governance  will be held during The Ninth International Conference on Information Technology and Quantitative Management (ITQM 2022)
Chairs: Alexander Karminsky, Massimiliano Caporin, Mikhail Stolbov
Friday, 9 December, 09:00—10:30 (Moscow Time, UTC+3:00)
Friday, 9 December, 14:00—15:30 (China Standard Time UTC+8:00)
Tencent (VooV) Meeting Room ID: 216-232-648
Volunteer: Tongsheng Yao (yaotongsheng20@mails.ucas.edu.cn)

In Search of Greenium. Empirical Analysis of Risk
Premiums in the European Green Bond Market (ID 30)
Sergei Grishunin and Alesya Bukreeva

Determinants of the IPO waves in the banking sector (ID 40)
Vladimir Belyaev

Financial Innovation and Financial Risks (ID 78)
Andrey Egorov

Second-order accuracy metrics for scoring models and their
practical use (ID 98)
Mikhail Pomazanov

Impact of Demographic Trends on Retail Banking (ID 144)
Natalia Arkhipova

A study on environmental pollution transfer in Beijing
Tianjin Hebei region -- based on input-output method (ID
150)
Tongsheng Yao

Optimal Strategy of Defending Capacitated Systems Against
Sequential Intentional and Unintentional Impacts (ID 165)
Lin Chen and Kunxiang Yi

Ecological, Social and Governance Impact on the
Company’s Performance: Information Technology Sector
Insight (ID 188)
Alexandra Egorova, Alexander Karminsky and Chigireva Daria

Arbitrage as a new normal in contemporary financial
markets? (ID 189)
Artem Arkhipov

Подробне на сайте: http://itqm-meeting.org/2022/index.html

№2022-137

On December 7, 2022 at 18:10, a master class by Ph.D. Alexey Lobanov on the topic: "Approaches to the reflection of climatic factors in the assessment of credit risk."

Also within the framework of the seminar, Ph.D. Dmitry Pomazkin will present the topic: "Instrumental methods for systematization and processing of large data arrays"

The master class is aimed at participants of the IPS №85, 151, 152, 157

Seminar leader Prof., Doctor of Economics, A. Karminsky, HSE School of Finance.

Data for remote login:

Join a Zoom meeting

https://raif-ru.zoom.us/j/82292334951?pwd=Tnkvekp6R2pjOFVCOW56UVMyelB6QT09

Meeting ID: 822 9233 4951

Passcode: 608356

№2022-136

On November 25, 2022 at 10:00 am, the 5th International Seminar “Systemic Risks in the Financial Sector” will be held online on the Zoom platform.

The international seminar brings together researchers and practitioners working on the issues of financial stability of the capital market and the banking system. Scientists from European and leading Russian universities, as well as representatives of the regulator (The Central Bank of the Russian Federation) will present their reports and act as discussants.

The key speaker of the conference Professor of IPAG Business School (Paris), Duc Khuon Nguyen will present a report on the topic: "Common Factors of Commodity Futures".

Data for remote login:

Join a Zoom meeting

https://zoom.us/j/94164716656?pwd=bXdEQWlDV2RvV3AxMlR5OUpoM0NiQT09

Meeting ID: 941 6471 6656

Passcode: 771199

Schedule of International Seminar “Systemic Risks in the Financial Sector” (PDF, 512 Кб)

№2022-135

On November 16, 2022 at 18:10, within the framework of the NIS “Empirical Research in Banking Activity”, a master class by Alexei Ponomarenko will be held on the topic: “Digital currencies. Digital ruble"
The master class is aimed at participants of the IPS 85, 151, 152, 157

Seminar Leader Prof., Doctor of Economics, A. Karminsky, School of Finance.

Topic: “Digital currencies. Digital ruble"

Speaker: Alexey Ponomarenko, Ph.D. in Economics, Head of Division, Research and Forecasting Department, Bank of Russia

Data for remote login:

Join a Zoom meeting

https://vk.com/away.php?to=https%3A%2F%2Fraif-ru.zoom.us%2Fj%2F82292334951%3Fpwd%3DTnkvekp6R2pjOFVCOW&cc_key=

№2022-128

A master class by a Board Chairman of a state bank Adviser Altukhov K.V. on the topic «Bank management, pension fund management, leadership» will be held at the research seminar «Empirical Research in Banking Activity» with participation of the research workshops 122, 124, 127 on February 16  at 18:10.
 
Zoom: https://us02web.zoom.us/j/87896325763?pwd=NEMxcjY3OWlJell5cEZzeldERmtqUT09
Conference ID: 878 9632 5763
Passcode: 523238

№2022-127

A master class by a Senior Lecturer of the Department of Finance and Credit of the Faculty
of Economics at Lomonosov Moscow State University, candidate for a PhD degree in Economics, Vinogradova O.S. on the topic «Preventive methods of anti-crisis financial risks management of commercial banks in the Russian Federation» will be held at the research
seminar «Empirical Research in Banking» with participation of the research workshops 122, 124, 127 on February 9 at 18:10.
Zoom: https://us02web.zoom.us/j/82345015787?pwd=TUdFaC90Qm9qTEg5YVdtZHFmZHRMUT09
Conference ID: 823 4501 5787
Passcode: 207190
 

No. 2021-112 On June 16, 2021 at 18:00

Reports on the results and state of the dissertation work of 2nd-year postgraduates of D. Leontyeva and V. Stefanenko

Speakers: D. Leontyevа (supervisor - E. Dzhagityan), V. Stefanenko (leader - H. Penikas), K. Borisenkova. (leader - M. Kokoreva)

Participants: postgraduate students of the Academy of Sciences in economics, everyone interested

Responsible: A. Karminsky

Link to Zoom:  https://zoom.us/j/93475646817

No. 2021-112 On June 9, 2021 at 18:00

A presentation of the topic and results of the planned dissertation research of 1st-year postgraduates will take place (supervisor A. Karminsky)

Speakers: A. Astakhova, A. Egorova, O. Somova, N. Voitov

Participants: postgraduate students of the Academy of Sciences in economics, everyone interested

Responsible: A. Karminsky, S.Grishunin

Place: Pokrovsky Boulevard, 11, S612.

You can also connect to Zoom: https://zoom.us/j/91204534579

No. 2021-110 May 26, 2021 at 18:00

1. Messages on the results and status of the dissertation work of a 2-year postgraduate student A. Egorova, N. Arkhipova. (leader Karminsky A.M.)

2. Presentation of the topic and results of the planned dissertation research of 1st year graduate students II Kalinin, KY Chumachkova, SS Ivlev, EF Bulam.

Speakers: A. Egorov, N. Arkhipova (2nd course), S. Ivlev (leader V. Dobrynskaya), K. Chumachkov (leader M. Pomorina), E. Bulam (leader E. Fedorova), I. Kalinina (Y. Dranev)

Participants: postgraduate students of the Academy of Sciences in economics, everyone interested

Responsible: A. Karminsky, Y. Dranev

Join a Zoom meeting:

https://zoom.us/j/97789035570

№2021-109 On April 28, 2021 at 18:00

1. Messages on the results and status of the dissertation work of a 2nd-year postgraduate student S.V. Elysheva, and A.A. Markova. (hands Lapshin V.A.)

2. Presentation of the topic and results of the planned dissertation research of 1st-year graduate students (supervisor V. Lapshin)

Speakers: Elyshev S.V., Markov A.A .. 2nd year, Postnov N.S., Longvinenko A.Yu., Vysotsky G.N. - 1 course

Participants: postgraduate students of the Academy of Sciences in economics, everyone interested

Responsible: Karminsky A.M., Lapshin V.A.

No. 2021-108 April 22-23

2021 will be held a section of financial institutions, markets, and payment systems / April International Scientific Conference

Speakers: According to the AMNK program, section E

Participants: postgraduate students of the Academy of Sciences in economics, everyone interested

Responsible: Karminsky A, Egorov A.

№2021-107 April 14, 2021 at 18:00 on Zoom

Research Seminar on Empirical Studies of Banking, supervised by Prof. Karminsky Alexander 

1. Discussion of results of the dissertation work by Semyashkin Efim in pre-defense format.

Speaker: Semyashkin Efim

2. "Accuracy metrics of second-order scoring (rating) models and their practical use"

Speakers: Pomazanov Mikhail, Ilishaev Semen

Participants: postgraduate students of the School of Economics

Responsible: Karminsky Alexander

The link to the Zoom conference: 

https://zoom.us/j/91702654929?pwd=N3RiYThvRy9xOVQwYXZWdjBZWFJ0Zz09

№2021-106 On March 24, 2021 at 16:20

A student scientific conference of graduation and term papers on the subject of risk management, assessment of the effectiveness of banking activities, ratings, including ESG

Speakers: students and co-leaders of IPS 119, 132, 133, 136

Participants: graduate students in banking and students of the IPS 119, 132, 133, 136

Responsible: Karminsky A.M., Grishunin S.V., Polyakov K.L., Astakhova A.A., Egorova A.A., Somova O.I.

№2021-105 On March 17, 2021 at 16:20

A student scientific conference of graduation and term papers on innovation in banking will take place.

Speakers: students and co-leaders of IPS 132 and 176.

Participants: Graduate students in banking and students of IPS 132, 176, 119.

Responsible: Karminsky A.M., Dyachkova N.F., Egorov A.Yu., Arkhipova N.E., Voitov N.V., Vlasov A.V.

No. 2021-104 On February 10, 2021 at 16.20

An online meeting will be held (Zoom platform).

Reports:

Nikolay Sheverdyaev, Munira Dzhuraeva, Alisher Gaibullaev, Polina Barkova, Maria Potapova (students of HSE) (under the direction of Andrey Egorov): "Modern information technologies in banking"
Dzhangir Kadyrbek, Roman Sarsengaliev, Anna Razumova, Alena Titova, Stafilov Stafil, Varvara Kapustina (HSE students) (supervised by Natalia Arkhipova) "Financial innovations in the modern world"

Link to connect:

https://zoom.us/j/96394297410?pwd=eE50SU9yeTVVMk5HUkVESVJvMi9nZz09

No. 2021-104 On January 27, 2021 at 16.20

An online meeting will be held (Zoom platform).

Reports:

"The influence of financial innovations on the sustainability of a commercial bank in a crisis period"
Speaker: Stepan Repin student, National Research University Higher School of Economics (supervisor Natalia Dyachkova)

"The relationship between credit ratings and the financial condition of the bank"
Speaker: Anna Ermilova student, National Research University Higher School of Economics (supervisor Natalia Dyachkova)

"Improvement and implementation of financial innovations in banking"
Speaker: Bayaman Toksonbaev student, National Research University Higher School of Economics (supervisor Natalia Dyachkova)

"Trends in the development of mobile applications of banks in Russia and the world"
Speaker: Ivan Druzhinin student, National Research University Higher School of Economics (supervisor Natalia Dyachkova)

Link to connect:

https://zoom.us/j/96394297410?pwd=eE50SU9yeTVVMk5HUkVESVJvMi9nZz09