Victoria V. Dobrynskaya
- Associate Professor: Faculty of Economic Sciences / School of Finance
- Victoria V. Dobrynskaya has been at HSE University since 2000.
Education, Degrees and Academic Titles
London School of Economics and Political Science
London School of Economics and Political Science, PhD in Finance
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.
Awards and Accomplishments
Best Teacher — 2014, 2012
Courses (2024/2025)
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 1, 2 module)Eng
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences field of study Economics, field of study Applied Mathematics and Information Science, field of study Economics; 3 year, 1, 2 module)Eng
- Past Courses
Courses (2023/2024)
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 1, 2 module)Eng
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences field of study Economics, field of study Economics; 3 year, 1, 2 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 3 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences field of study Economics, field of study Economics; 3 year, 3 module)Eng
- Mentor's Seminar (Master’s programme; Faculty of Economic Sciences; 2 year, 1-4 module)Eng
- Mentor's Seminar (Master’s programme; Faculty of Economic Sciences; 1 year, 1-4 module)Eng
- Research Seminar in Financial Economics (Master’s programme; International College of Economics and Finance; 2 year, 1-3 module)Eng
Courses (2022/2023)
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 1, 2 module)Eng
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences field of study Economics, field of study Economics; 3 year, 1, 2 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 3 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 3 year, 3 module)Eng
- Mentor's Seminar (Master’s programme; Faculty of Economic Sciences; 1 year, 1-4 module)Eng
- Research Seminar in Financial Economics (Master’s programme; International College of Economics and Finance; 2 year, 1-3 module)Eng
Courses (2021/2022)
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 1, 2 module)Eng
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences field of study Economics, field of study Economics; 3 year, 1, 2 module)Eng
- Financial Economics (Master’s programme; Faculty of Social Sciences; 2 year, 2 module)Rus
- Financial Economics: Asset Pricing (Master’s programme; International College of Economics and Finance; 1 year, 3, 4 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 3 year, 3 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 3 module)Eng
- Methodological Research Seminar (Master’s programme; Faculty of Economic Sciences; 1 year, 1, 2 module)Eng
- Research Seminar in Financial Economics (Master’s programme; International College of Economics and Finance; 1 year, 1-4 module)Eng
Courses (2020/2021)
- Financial Economics (Bachelor’s programme; Faculty of Economic Sciences field of study Economics, field of study Economics; 3 year, 1, 2 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 4 year, 3 module)Eng
- International Finance (Bachelor’s programme; Faculty of Economic Sciences; 3 year, 3 module)Eng
- Methodological Research Seminar (Master’s programme; Faculty of Economic Sciences; 1 year, 1, 2 module)Eng
- Research Project Seminar (Optional course (faculty); Faculty of Economic Sciences; 1-3 module)Rus
Supervisor of the following Doctoral theses
- 1Impact of regulations on market risk measures during stock market crises
- 2Downside Risks and Pricing of Cryptocurrencies
- 3N. Manushkin Functional factor models with dynamic beta-coefficients
Education
2008 to present - London School of Economics and Political Science, PhD candidate in Finance.
2004-2005 - Erasmus University, Rotterdam, Holland. MSc Economics and Business.
1999-2002 - London School of Economics and Political Science of London University, External program, BSc Banking and Finance, 1st class honours.
Professional Interests
- Empirical asset pricing
- Macro-finance
- International finance
- Behaviourial economics and finance
Grants
2008 - Travel grant from HSE Economics Department; travel grant from HSE Research Fund.
2007 - Individual research grant from HSE Research Fund; travel grant from HSE Research Fund; travel grant from HSE CAS; travel grant from HSE IEP; individual research grant from ICEF Research Center, grant from HSE IEP for publication of the book "Accounting and finance: A key to your success in the exam".
2006 - Travel grant from HSE CAS; travel grant from HSE Research Fund; travel grant from HSE IEP.
2005 - Individual research grant from HSE Research Fund.
2003 - Research grant from National Training Foundation, with D. Levando.
Presentations at scientific seminars and conferences
2013: London Business School; London School of Economics; European Finanial Management Association Annual Meeting, Reading, UK (scheduled); 5th International Finance and Banking Society Conference, Nottingham (scheduled); 20th Annual Conference of the Multinational Finance Society, Izmir (scheduled).
2012: London School of Economics; 19th Annual Conference of the Multinational Finance Society, Krakow; Annual Congress of the European Economic Association, Malaga.
2010: New Economic School, Moscow.
2009: INFER Workshop on the Credit Crunch, Financial Regulation, Monetary Policy and the Market Inefficiencies, Kingston, UK; 26th International Symposium on Money, Banking and Finance, Orleans, France; ECOFI Symposium in Economics and Finance, Geneva; London School of Economics; International College of Economics and Finance, Moscow; Bank of Russia.
2008: Central Economics and Mathematics Institute of Russian Academy of Science, CEPR conference on International Macroeconomics and Finance, Paris; 3rd Nordic Conference on Behavioral and Experimental Economics, Copenhagen; ICEF, Moscow; Annual Meeting of Austrian Economic Association, Vienna; Spring Meeting of Young Economists, Lille; 9th SU-HSE International conference "Economic Modernization and Globalization", Moscow; Centre d'Etudes Prospectives et d'Informations Internationales (CEPII), Paris.
2007 : New Economic School, Moscow; Center for International Governance Innovation, Waterloo, Canada; 24th International Symposium on Money, Banking and Finance, Rennes; 8th SU-HSE International conference "Economic Modernization and Social Development", Moscow.
2006: XV International Tor Vergata Conference on Banking and Finance "Money, Finance and Growth", Rome; International Multidisciplinary Conference "European Russia", Dunkerque; 5th INFER Workshop on Monetary Economics and Financial Markets "Monetary Policy in Emerging Countries", Kingston University, London; Central Bank of Russia; Centre for Advanced Studies, SU-HSE.
2005: 10th International conference on finance and banking, Carvina; 32nd International conference of European Finance Association, Moscow; BOFIT/CEFIR Workshop on Russian macroeconomic and financial issues, Moscow; International conference of Applied Econometric Association "Exchange Rate Econometrics", Luxembourg.
2004: 5th SU-HSE International conference "Competitiveness and Economic Modernization", Moscow.
From Economic Thinking to Complex Case Solving: ICEF Academia Enters New Season
ChatGPT is unrivaled when it comes to academic paper screening, a routine it performs just seamlessly. But plodding away at routine is not what economists are valued for in the first place. It’s their economic thinking, soft skills, and ability to solve cases even with little verified data at hand. In their recently held opening session 2023, the managers, faculty and students of ICEF Academia spoke about how to gain these qualities and where they are needed most.
Student Tutor Gives Talk at ICEF on Cryptocurrencies and NFTs
Cryptocurrencies have fallen to two-year low after FTX exchange filed for bankruptcy in November 2022, sending shock waves through the crypto world and agitating investors to revise their strategies and predictions as to what will happen on the digital investment market. In her talk called Cryptocurrencies and NFT, Victoria Dobrynskaya explained the volatility of crypto markets and expanded on the phenomenon of NFT as a digital asset.
The Cryptocurrency Market Works Like the Stock Market— Only Much Faster
After analysing the price fluctuations of almost 2,000 cryptocurrencies over seven years, Victoria Dobrynskaya, Associate Professor at the HSE University Faculty of Economic Sciences, found that there are no fundamental differences between their behaviour and that of conventional assets. Cryptocurrency follows the same principles, although its prices change much faster: processes that usually take years on traditional markets take only a month or so on the cryptocurrency market. An article on this research was reprinted by SSRN.
Toys Prove to Be Better Investment Than Gold, Art, and Financial Securities
Unusual ways of investment, such as collecting toys, can generate high returns. For example, secondary market prices of retired LEGO sets grow by 11% annually, which is faster than gold, stocks, and bonds, HSE University economists say. Their paper was published in the Research in International Business and Financejournal.