CV

Education

• 2016 – Habilitation in Finance, granted by Warrsaw School of Economics
• 2007 – Ph.D. in Economics (Management), granted by the Board of Faculty of Management, University of Warsaw
• 2003 – M.A. in Economics (Management), granted by Faculty of Management, Di-ploma of accomplishment of five years of master’s degree studies, 1998-2003

Work experience

• Academic track record
  • 2019- today Professor of University of Warsaw, promoted by the Senate of Univer-sity of Warsaw on 20th November 2019
  • 2016-today Associate Professor of Finance, University of Warsaw, Faculty of Man-agement in Chair of Financial systems of economy
  • 2007-2016 Assistant Professor of Finance, University of Warsaw, at Faculty of Management in Chair of Financial systems of economy, Department of banking and money markets,
  • 2003-2007 Teaching Assistant, University of Warsaw, Faculty of Management in Department of banking and capital markets
  • 2008-2011 Specialist, Senior Specialist and Major Specialist, Polish Financial Su-pervisory Authority
• Roles and Functions at University of Warsaw
  • Vice-President of the Scientific Board for Economics and Finance at University of Warsaw (since 2021)
  • Vice-President of the Teaching Board for Programmes at Faculty of Management,University of Warsaw (since 2020)
  • Member of Staff assessment committee at Faculty of Management,University of Warsaw (since 2020)
  • Director for Studies in Finance, Accounting and Insurance at Faculty of Management, University of Warsaw, (since 2016) (First and Second Degree Course)
  • Director for Studies in Financial Management and Accounting at Faculty of Management, University of Warsaw, (since 2019) (First and Second Degree Course)
  • Member of the teaching quality assurance committee at Faculty of Management, University of Warsaw
  • Member of the Recruitment Committee for First and Second Degree Course in Finance, Accounting and Insurance 2016-2018, University of Warsaw, Faculty of Management
  • Member of the Rector’s Task Force for the Discipline of Economics and Finance at University of Warsaw (2018/2019)
  • Member of the Recruitment Committee for Ph.D. course in the Field of Economics and Finance at University of Warsaw (2019)
  • Member of Scientific Board for Economics and Finance at University of Warsaw (since 2019)
  • Member of the Teaching Board for: Financial Management and Accounting; and Management (since 2019)
• Engagement in research-related activities
  • Member of the Committee for Finance at Polish Academy of Sciences (Polska Akademia Nauk) (2020-2024)
  • Editor-in-Chief of Journal of Banking and Financial Economics
  • Editor-in-Chief of Faculty of Management Working Paper Series
  • Referee for peer-reviewed journals including inter alia: European Accounting Review; Bulletin of Economic Research; Eurasian Business Review; Economic Notes; International Review of Economics and Finance; The Baltic Journal of Economics; Journal of Money, Banking and Credit; Emerging Markets Finance and Trade; The Social Science Journal; European Journal of Finance; International Journal of Financial Studies […]
  • Referee for Ph.D. theses
  • Referee for books
  • Member of Ph.D. committees
  • Member of habilitation committees
  • Expert for the assessment of research projects submitted to National Science Centre (NCN), Poland, 2013, 2015, 2017 and 2019 (Competitions: Sonata, Miniatura, Preludium, Opus)
  • Expert in committee responsible for evaluation of quality of research at universities in Poland in the fields of: finance and economics; and management and quality, nominated by Ministry of Education and Science (2022)
  • Referee of manuscripts submitted to International Conference on Finance (INFINITI)

Skills

• Director and prinicipal investigator of research projects
  • Determinants of the impact of macroprudential policy on the outcomes of banking activity in the European Economic Area” financial support provided by the Polish National Science Centre (NCN) (No. DEC 2019/35/B/HS4/02471); - 2020 - today
  • Impact of competition in the banking sector on the effects of countercycli-cal macroprudential policy”, financial support provided by the Polish National Sci-ence Centre (NCN) (No. DEC-2016/23/B/HS4/02230); 2017 - 2023
  • Regulatory determinants of procyclicality in bank lending activity”, financial sup-port provided by the Polish National Science Centre (NCN) (No. DEC-2012/05/D/HS4/01356); 2012 – 2018

Publications

Do competition and market structure affect sensitivity of bank profitability to the business cycle?

Olszak, M., & Kowalska, I. (2023). Do competition and market structure affect sensitivity of bank profitability to the business cycle? Pacific Basin Finance Journal, 80(June 2022). https://doi.org/10.1016/j.pacfin.2023.102098.

Does bank competition matter for the effects of macroprudential policy on the procyclicality of lending?

Olszak, M., & Kowalska, I. (2022). Does bank competition matter for the effects of macroprudential policy on the procyclicality of lending? Journal of International Financial Markets, Institutions and Money, 76(January 2021). https://doi.org/10.1016/j.intfin.2021.101484.

Bank-type specific determinants of sensitivity of loan-loss provisions to business cycle

Olszak, M., Chodnicka-Jaworska, P., Kowalska, I., & Świtała, F. (2018). Bank-type specific determinants of sensitivity of loan-loss provisions to business cycle. The European Journal of Finance, 24(17), 1672–1698. https://doi.org/10.1080/1351847X.2018.1501401

What Drives Heterogeneity of Cyclicality of Loan-Loss Provisions in the EU?

Olszak, M., Pipień, M., Kowalska, I., & Roszkowska, S. (2017). What Drives Heterogeneity of Cyclicality of Loan-Loss Provisions in the EU? Journal of Financial Services Research, 51(1). https://doi.org/10.1007/s10693-015-0238-6.

Talks

IRMC 2024

June 25, 2024

Conference presentation: Determinants of commissions and fees income of EEA banks: Does macroprudential policy matter? at International Risk Management Conference 17th Edition, Milan, Italy

CINSC 2023

June 18, 2024

2nd Conference on International Finance; Sustainable and Climate Finance and Growth at Conference presentation: Macroprudential policy and net interest margins in EEA banks, Ljubljana, Slovenia

CINSC 2024

June 10, 2024

Conference presentation: Institutional quality, macroprudential policy and loan-loss provisions at 3rd Conference on International Finance; Sustainable and Climate Finance and Growth, Reading, United Kingdom

IRMC 2023

July 07, 2023

International Risk Management Conference 16th Edition at Conference presentation: Determinants of income-smoothing during COVID-19 in European Economic Area banks, Florence, Italy

Teaching

Seminars

Financial Data Analysis

Teoria Finansów / Finance Theory

International Banking and Finance