Maria Semenova
- Laboratory Head, Senior Research Fellow: Faculty of Economic Sciences / Laboratory for Banking Studies
- Associate Professor: Faculty of Economic Sciences / School of Finance
- Maria Semenova has been at HSE University since 2006.
Education and Degrees
HSE University
HSE University
According to the International Standard Classification of Education (ISCED) 2011, Candidate of Sciences belongs to ISCED level 8 - "doctoral or equivalent", together with PhD, DPhil, D.Lit, D.Sc, LL.D, Doctorate or similar. Candidate of Sciences allows its holders to reach the level of the Associate Professor.
Continuing education / Professional retraining / Internships / Study abroad experience
2023: Intensive course on Sustainable Finance and Investment (January 25-27, Barcelona School of Economics)
2022: Современные подходы в преподавании и обучении (НИУ ВШЭ, повышение кварификации)
Before 2022 (PDF, 386 Кб)
Awards and Accomplishments
Best Teacher — 2023, 2018–2021, 2015
Young Faculty Support Programme (Group of Young Academic Professionals)
Category "New Researchers" (2010–2011)
Conferences
- 2024
The 31st Annual Global Finance Conference (Кальяри). Presentation: Bank Runs and Media Freedom: What You Don’t Know Won’t Hurt You?
- 2023
12th International Conference of the Financial Engineering and Banking Society (FEBS) (Ханья). Presentation: Profitability and Bank De-branching in the Digital Age: Evidence from Russian Regions
International Risk Management Conference (IRMC) 2023 (Флоренция). Presentation: COVID-19 and Retail Depositor Strategies in Russian Regions: Whether to Withdraw and Why
- 2022
IX International Conference. Modern Econometrics Tools and Applications — META2022 (Нижний Новгород). Presentation: Time to Extend Credit? Bank Credit Lines During the COVID-19 Pandemic in Russia
First Annual Meeting of the International Society for the Advancement of Financial Economics (Хошимин). Presentation: Time to Extend Credit? Bank Credit Lines During the COVID-19 Pandemic in Russia
Городской экономический семинар ЕУСПб (онлайн). Presentation: The more the better? Information sharing and credit risk
- 2021
6th Cross Country Perspectives in Finance Conference (CCPF 2021). Presentation: The More We Know the Better? Information Sharing and Credit Risk
VIII Международную конференцию «Modern Econometric Tools and Applications – META2021» (Нижний Новгород). Presentation: The More We Know the Better? Information Sharing and Credit Risk
iCare 9 – International Conference on Applied Research in Economics 2021 (Пермь). Presentation: The More the Better? Information Sharing and Credit Risk
- 2020
International Risk Management Conference (IRMC) 2020 (Онлайн). Presentation: The More the Better? Information Sharing and Credit Risk
Eurasian Business and Economics Society Conference (EBES 2020) (Мадрид). Presentation: Bank runs and Media Freedom: What You Don’t Know Won’t Hurt You?
- 2019
XX Апрельская международная научная конференция по проблемам развития экономики и общества (Москва). Presentation: Do High Deposit Interest Rates Signal Bank Default? Evidence from the Russian Retail Deposit Market
- 2018
XIX Апрельская международная научная конференция по проблемам развития экономики и общества (Москва). Presentation: Bank run in a classroom: do smart depositors withdraw on time?
• National Research University- Higher School of Economics, Analytics for Management and Economics Conference (AMEC-2018), Saint Petersburg, Russia (Saint Petersburg). Presentation: A Bank Run in a Classroom: Do Smart Depositors Withdraw on Time?
• National Research University- Higher School of Economics, Analytics for Management and Economics Conference (AMEC-2018), Saint Petersburg, Russia (Saint Petersburg). Presentation: Do High Deposit Interest Rates Signal Bank Default? Evidence from Russian Retail Deposit Market
- 2017
7th International Conference of the Financial Engineering and Banking Society (Глазго). Presentation: Currency Shifts as a Market Discipline Device: The Case of the Russian Market for Personal Deposits
Second World Congress of Comparative Economics «1917 –2017: Revolution and Evolution in Economic Development» (St. Petersburg). Presentation: Currency Shifts as a Market Discipline Device: The Case of the Russian Market for Personal Deposits
IFABS 2017 Oxford Conference (Оксфорд). Presentation: Currency Shifts as a Market Discipline Device: The Case of the Russian Market for Personal Deposits
7th CInSt Banking Workshop "Banking in Emerging Markets: Challenges and Opportunities" (Москва). Presentation: Currency Shifts as a Market Discipline Device: The Case of the Russian Market for Personal Deposits
- 2016
XVII Апрельская международная научная конференция по проблемам развития экономики и общества (Москва). Presentation: What Undermines Market Discipline in Russian Regions: Regionalism or Trust to Local Authorities?
XVII Апрельская международная научная конференция по проблемам развития экономики и общества (Москва). Presentation: Does Biological Endowment Matter for Demand for Financial Services? Evidence from Russia
IFABS Conference 2016 (Барселона). Presentation: What Undermines Market Discipline in Russian Regions: Regionalism or Trust to Local Authorities?
20th Annual Conference of the Society for Institutional & Organizational Economics (SIOE 2016) (Paris). Presentation: What Undermines Market Discipline in Russian Regions: Regionalism or Trust to Local Authorities?
20th Annual Conference of the Society for Institutional & Organizational Economics (SIOE 2016) (Paris). Presentation: Does biological endowment matter for demand for financial services? Evidence from 2D:4D ratio in the Russian household survey
33rd CIRET Conference "Economic Tendency Surveys and Economic Policy" (Копенгаген). Presentation: Does biological endowment matter for demand for financial services? Evidence from 2D:4D ratio in the Russian household survey
- 2015
32th GdRE Annual International Symposium on Money, Banking and Finance (Ницца). Presentation: Does Banking System Transparency Enhance Bank Competition? Cross-country Evidence
2nd International Conference "Modern Econometric Tools and Applications" (Нижний Новгород). Presentation: Market Discipline in Russian Regions: In Local Authorities We Trust?
5th CInSt Banking Workshop "Banking in Emerging Markets: Challenges and Opportunities" (Москва). Presentation: Market Discipline in Russian Regions: In Local Authorities We Trust?
Seminar at the Bank of Finland Institute for Economies in Transition (BOFIT) (Хельсинки). Presentation: Market Discipline in Russian Regions: In Local Authorities We Trust?
- 2014
Workshop on banking and finance in emerging markets (Страсбург). Presentation: Informal loans in Russia: credit rationing or borrower’s choice?
3rd European Conference on Banking and the Economy (Уинчестер). Presentation: Does Banking System Transparency Stimulate Bank Competition? Cross-Country Evidence.
- 49th Eastern Finance Association Conference, St. Pete Beach, FL, США, 10-13 апреля, 2013;
- Второй Российский экономический конгресс, Суздаль, Россия, 18-22 февраля, 2013;
- 31st CIRET Conference "Economic Tendency Surveys and Economic Policy", Vienna, Austria, 4-9 сентября, 2012;
- "Rethinking Banking and Finance: Money, Markets and Models", 4th International Finance and Banking Society Conference (IFABS), International Finance and Banking Society, Valencia, Spain, 18-20 июня, 2012;
- 29th GdRE Annual International Symposium on Money, Banking and Finance, European Research Group GdRE, Nantes, France, 28-29 июня, 2012;
- NES/HSE Conference 2011, New Economic School, Moscow (Russia), November 17-18, 2011;
- Eurasia Business and Economics Society (EBES) 2011 Conference, Eurasia Business and Economics Society, Zagreb (Croatia), October 13-15, 2011;
- CInSt Workshop "Institutions viewed by Economists and Sociologists", Center for Institutional Studies, HSE, Moscow (Russia), July 4, 2011;
- XII April International Academic ConferenceОn Economic and Social Development, HSE, Moscow (Russia), April 5-7, 2011;
- BOFIT Seminar, Bank of Finland, Helsinki, (Finland), December, 29, 2010;
- 42nd Аnnual Сonference of the Money, Macro and Finance Research Group, Cyprus University of Technology, Limassol (Cyprus), September, 1-3, 2010;
- 14th Annual Conference of the International Society of New Institutional Economics (ISNIE), University of Stirling, Stirling (Scotland), June, 17-19, 2010;
- The 2010 Spring Meeting of Young Economists (SMYE), University of Luxemburg, Luxemburg, April, 15-17, 2010;
- XI April International Academic Conference on Economic and Social Development, HSE, Moscow (Russia), April 6-9, 2010;
- BOFIT Seminar, Bank of Finland, Helsinki, (Finland), March, 3, 2010;
- Workshop on Money, Banking and Financial Markets, Düsseldorf (Germany), June, 8-9, 2009;
- The 2009 Spring Meeting of Young Economists (SMYE), Istanbul (Turkey), April, 23-25, 2009;
- Monetary and Financial Transformations in Central and Eastern Europe, Ecole Superieure du Commerce Exterieure, Paris La Defense, November, 20, 2008;
- The 2008 Spring Meeting of Young Economists (SMYE), Lille (France), April, 17-19, 2008;
- IX International Academic Conference "Modernization of Economy and Globalization", SU-HSE, Moscow (Russia), April, 1-3, 2008;
- Student Section of IX International Academic Conference "Modernization of Economy and Globalization", SU-HSE, Moscow (Russia),March, 31, 2008;
- The Ronald Coase Institute’s Workshop, Reykjavik (Iceland), June, 16-21, 2007;
- Conference on Risk, Regulation and Competition: Banking in Transition Economies, Ghent (Belgium), September, 1-2, 2006;
NES/HSE Conference 2011, New Economic School, Moscow (Russia), November 17-18, 2011;
Eurasia Business and Economics Society (EBES) 2011 Conference, Eurasia Business and Economics Society, Zagreb (Croatia), October 13-15, 2011;
CInSt Workshop "Institutions viewed by Economists and Sociologists", Center for Institutional Studies, HSE, Moscow (Russia), July 4, 2011;
XII April International Academic ConferenceОn Economic and Social Development, HSE, Moscow (Russia), April 5-7, 2011;
BOFIT Seminar, Bank of Finland, Helsinki, (Finland), December, 29, 2010;
42nd Аnnual Сonference of the Money, Macro and Finance Research Group, Cyprus University of Technology, Limassol (Cyprus), September, 1-3,2010;
14th Annual Conference of the International Society of New Institutional Economics (ISNIE), University of Stirling, Stirling (Scotland), June, 17-19, 2010;
The 2010 Spring Meeting of Young Economists (SMYE), University of Luxemburg, Luxemburg, April, 15-17, 2010;
XI April International Academic Conference on Economic and Social Development, HSE, Moscow (Russia), April 6-9, 2010;
BOFIT Seminar, Bank of Finland, Helsinki, (Finland), March, 3, 2010;
Workshop on Money, Banking and Financial Markets, Düsseldorf (Germany), June, 8-9, 2009;
The 2009 Spring Meeting of Young Economists (SMYE), Istanbul (Turkey), April, 23-25, 2009;
Monetary and Financial Transformations in Central and Eastern Europe, Ecole Superieure du Commerce Exterieure, Paris La Defense, November, 20, 2008;
The 2008 Spring Meeting of Young Economists (SMYE), Lille (France), April, 17-19, 2008;
IX International Academic Conference "Modernization of Economy and Globalization", SU-HSE, Moscow (Russia), April, 1-3, 2008;
Student Section of IX International Academic Conference "Modernization of Economy and Globalization", SU-HSE, Moscow (Russia),March, 31, 2008;
The Ronald Coase Institute’s Workshop, Reykjavik (Iceland), June, 16-21, 2007;
Conference on Risk, Regulation and Competition: Banking in Transition Economies, Ghent (Belgium), September, 1-2, 2006;
Courses (2022/2023)
- Research Seminar (Bachelor’s programme; International College of Economics and Finance; 4 year, 2-4 module)Eng
- Research Seminar in Financial Economics (Master’s programme; International College of Economics and Finance; 2 year, 1-3 module)Eng
- Research Seminar in Financial Economics (Master’s programme; International College of Economics and Finance; 1 year, 3 module)Eng
Supervisor of the following Doctoral theses
- 1E. Krivosheya Multilateral interchange fee efficiency evaluation: the case of the Russian retail payment cards market, 2020
- 2P. Popova The impact of the COVID-19 pandemic on the banking services in Russian regions: an example of deposits and loans of individuals
- 3E. Zimin Bank Profitability and Access to Loans in Times of COVID-19 Pandemic and Digitalization
‘All the People in My Department Were Exactly Who I Needed’
Meet Deborah Obasa and Amos Adebisi Oluwadamilare, a dynamic duo from Nigeria who are partners not only in life but also in academia. While pursuing their international master's degrees at HSE University, they fully embraced the vibrant life of Moscow. In an interview with the HSE News Service, Deborah and Amos share their experiences of studying at HSE, adjusting to life in Moscow with a newborn in arms, and achieving academic success.
13th LaBS International Banking Workshop "Banking in Emerging Markets: Challenges and Opportunities": call for papers
We are happy to announce that the Laboratory for Banking Studies (LaBS HSE) organizes the 13th Annual LaBS Banking Workshop "Banking in Emerging Markets: Challenges and Opportunities". The workshop will be held on Friday, November 1st , 2024, at the HSE University, Moscow and online. Submission deadline is September 10th , 2024.
‘This Conference Aims at Strengthening HSE University’s Reputation as a Global Research Centre in the Field of Finance’
On November 24-25, 2023, the 12th ICEF-CInSt International Finance Conference is being held. The event shall be organised jointly by the International Laboratory of Financial Economics (LFE ICEF) and the Centre for Institutional Studies (CInSt). LFE Head Vladimir Sokolov and CInSt Acting Director Maria Semenova commented on the participants, key topics to be presented, and how the conference creates a platform for cooperation and co-authorship for experts from all over the world.
”Our Conference Aims to Strengthen the HSE’s Reputation as a Global Finance Research Centre”
The International Moscow Finance Conference will open its doors for the twelfth time on 24 and 25 November 2023. We talked with conference organizers Vladimir Sokolov of HSE ICEF International Laboratory of Financial Economics and Maria Semenova of HSE Centre for Institutional Studies and asked about the keynote presentations, speakers, and how this Conference facilitates cooperation and co-authorships.
St.Petersburg Economic seminar (HSE, EU, PDMI) on December, 15: Maria Semenova (HSE University)
Topic: “The more the better? Information sharing and credit risk”
Date & Time: December, 15; 18:00 - 19:00
Where: Webinar online platform
HSE University Hosted ICEF-CInSt 11th International Moscow Finance Conference
14 October 2022, ICEF Laboratory of Financial Economics (LFE) and Centre for Institutional Studies (CInSt) held the 11th International Moscow Finance Conference. The event featured six presentations by researchers based in China, Australia and USA. Acting as discussants were professors of HSE and schools in Romania.
‘We Have Utilised the Strengths of Two Events’
On October 14, HSE University will host the 11th ICEF-CInSt International Moscow Finance Conference. This year’s event is the result of the joint organisational efforts of the International Laboratory of Financial Economics (LFE ICEF) and the Centre for Institutional Studies (CinSt). Vladimir Sokolov and Maria Semenova, members of the conference's organising committee, spoke to the HSE News Service about the programme and participants of the event.
Do Banks Always Need to Know as Much as Possible about Borrowers?
Economists from HSE University have demonstrated that collecting as much information as possible about borrowers does not always decrease banks’ risks. Sometimes, more is not better: on the contrary, increasing the volume of data might increase the risks of loan defaults to a certain extent. The study was published in the WP BRP HSE University, Series: Financial Economics series of working papers.
A new paper by Maria Semenova and François Guillemin published in Annals of Finance
"Transparency and market discipline: evidence from the Russian interbank market", the paper by Maria Semenova, Senior Research Fellow at CInSt, and François Guillemin, former Postdoctoral Fellow at CInSt, was published in the recent issue of Annals of Finance.
Summarizing Section E. Financial Institutions, Markets and Payment Systems
Authors of various research papers presented their topics where discussants provided feedback - 20th April International Academic Conference on Economic and Social Development
How Bank Names Affect Depositor Behaviour
Russians associate banks whose names they perceive as foreign with higher risks.
New article "Does banking system transparency enhance bank competition? Cross-country evidence"
New article "Does banking system transparency enhance bank competition? Cross-country evidence" by Maria Semenova in Journal of Financial Stability.
Iftekhar Hasan: Institutional development ensures banking system stability
The HSE has held the fourth annual workshop ‘Banking in Emerging Markets: Challenges and Opportunities’, organized by National Research University Higher School of Economics (CInSt HSE) with the support of the Bank of Finland Institute for Economies in Transition (BOFIT).