Maria Siranova

Maria Siranova
Slovak Academy of Sciences | SAV · Institute of Economic Research

PhD

About

34
Publications
4,741
Reads
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114
Citations
Additional affiliations
January 2015 - present
Slovak Academy of Sciences
Position
  • Researcher
September 2013 - present
University of Economics in Bratislava
Position
  • Professor (Assistant)

Publications

Publications (34)
Article
We study the expensiveness of pension schemes across a set of developed and developing countries. To calculate the difference between accumulated savings with and without fees and costs, we construct return optimized charge ratio. We estimate charge ratios for 51 pension schemes and study which of the 40 potential factors can explain heterogeneity...
Article
This paper explores the relationship between debt and growth in the 28 EU member states over the 1995-2014 period using an interacted panel data estimator in standard augmented Solow growth regression. The nonlinear nature of the debt-growth relationship allows for computation of the optimal turning point given the set of four conditioning variable...
Book
Full-text available
The economy, like society as a whole, changes a little every year. We have been noticing this on the pages of the publications "Economic Development of Slovakia" for the 28th time. But there are also such moments in the development of economies when it is clear to the observer that these are not "common" developmental changes. The year 2020 was und...
Article
Trade misinvoicing has been used as one of the measures of illicit capital flows. However, estimates are likely to be biased due to the common assumption of no misinvoicing on the part of developed countries, and insufficient treatment of transportation and insurance costs. In this paper we address both of these issues by estimating the extent of t...
Book
Full-text available
Ekonomika, tak ako celá spoločnosť, sa každý rok trochu mení. Na stránkach publikácií Hospodársky vývoj Slovenska si to všímame už dvadsiaty ôsmy rok. Ale objavujú sa aj také momenty vo vývoji ekonomík, keď je pozorovateľom jasné, že tu nejde o bežné vývojové zmeny. Rok 2020 nesporne takýmto momentom bol. Znie to asi provokatívne, ale z hľadiska po...
Book
Full-text available
Ekonomický ústav SAV už od vzniku SR každoročne publikuje svoj pohľad na vývoj slovenskej ekonomiky, aj s krátkodobým výhľadom. Snaží sa odhaliť zmeny v trendoch či charakteristické problémy pre aktuálne obdobie. Hoci si každoročná publikácia primárne všíma vývojové tendencie v uplynulom roku, vždy sa snaží zasadiť obraz aktuálneho vývoja do širšie...
Book
Full-text available
ince the establishment of the Slovak Republic, the Institute of Eco- nomics SAS has been publishing its views on the economic development of Slovakia yearly along with the short-term outlook. It tries to uncover changes in trends and unique challenges for the current period. Although the annual publication primarily depicts the development trends i...
Article
This paper uses the Net errors and omissions, a standard measure of illicit capital flows, to create a Europe-wide network of illicit capital flows by the rolling window Granger causality method. In the second stage, we investigate the factors that determine the creation of links among country pairs in the illicit capital flow network by Cragg's tw...
Article
Full-text available
We study whether news and sentiment about bitcoin regulation, the hacking of bitcoin exchanges and scheduled macroeconomic news announcements affect the volatility of bitcoin, measured as realized variance and its jump component. Our results show that realized variance and its jump component exhibit similar dynamics and react similarly to various t...
Book
Full-text available
Ekonomický ústav SAV pravidelne publikuje analýzy, ktoré hodnotia aktuálny hospodársky vývoj Slovenska a pravdepodobnú trajektóriu jeho pokračovania. Sú tu však momenty, ktoré nabádajú k spätnému pohľadu do väčšej diaľky a k návratu k niektorým javom. Takým momentom je uplynutie prvého štvrťstoročia existencie Slovenskej republiky. Vznik samostatné...
Article
Full-text available
Current research in regional science focuses on the relationships between production factors and their impact on the overall product of cities, as well as topics dealing with the contribution of different city sizes to the economic growth. However, the ongoing process of international financialization tightly linked to access to finance gains on im...
Article
Using a sample of 27 currencies, we empirically test the role of a large set of determinants potentially underlying currencies' share in the international currency system; providing, to the best of our knowledge, the most comprehensive study of this kind so far. We propose a new global indicator that quantifies the international use of currencies o...
Article
This article evaluates effectiveness of EU regional policy-promoting innovation and competitiveness aimed at direct support of private companies in less developed EU regions in Slovakia. By using unique set of firm microdata, we test the effectiveness of this measure with panel data fixed estimator within the framework of Cobb-Douglas production fu...
Research
Full-text available
This study examines the potential drivers and their spatial components of inflation expectations of consumers in 22 European Union countries by using the spatial Durbin model. The potential determinants are drawn from the macrosphere (oil prices, food prices, house prices, industrial production), financial sphere (money market interest rates, nomin...
Article
Full-text available
The aim of this paper is to examine the influence of the accession of Slovakia to the European Union and the Euro zone (Euro area) on the efficiency of Slovak banks. We use data envelopment analysis to estimate bank efficiency, and ordinary least squares and tobit regression to estimate influence of possible bank efficiency determinants. Our analys...
Article
We examine interest rate pass-through in the euro area over the 2008–2016 period and investigate the effects of financial market fragmentation, European Central Bank balance sheet policies and negative rates on the nature of pass-through. We use heterogeneous panel cointegration methods and bank interest rates for four different loan categories: sm...
Article
Research background: Transfer of newly created money through unconventional monetary measures follows the official European Central Bank distribution key. Yet, it does not take into account the ability of individual countries to drive growth process in other economies. Money spent to boost domestic credit provisioning in growth pole-like economies...
Article
Full-text available
This article applies set of 24 baseline and auxiliary indicators included into the Macroeconomic Imbalance Procedure framework on the conditions of 17 CEE countries to assess their predictive power given the policy pre-determined and optimal thresholds for the period 1991–2014. Our results suggest that the optimal official thresholds might either b...
Article
Full-text available
Innovation support is extensively implemented in world, with different kind of measures and activities on all levels. Most of them are related to high tech sectors, but relatively little attention is paid to the traditional sectors with lower added value. In this article we analyse effectiveness of EU cohesion policy and its impact on competitivene...
Article
This article empirically explores determinants of net errors and omissions (NEO) of Slovakia during the 1997–2014 period, with emphasis on the 2008–2014 sub-period when a distinct downturn in the NEO time series is observed. Given the statistically significant link between the evolution of foreign direct investments and NEO, we cannot rule out poss...
Article
The EU established an early warning system by introducing the Macroeconomic Imbalance Procedure (MIP) in the wake of the recent recession. Nevertheless, it has been found by some authors to be rather vague when launching the Excessive Imbalances Procedure. Performed analysis reflects on such views and treats the MIP indicators as a system while ass...
Book
Full-text available
Many of us discuss about past. Some of us are rethinking the present. Only the brave among us dare to devise the future. Discussing the past is easy. Rethinking the present is demanding. But the real challenge comes when dealing with future perspectives. And that is what the authors of following papers dared to do. The idea of this scientific monog...
Article
Full-text available
In this paper we discuss the topological properties of the European banking network and its evolution over time based on the BIS consolidated banking statistics data exploiting information from complex network analysis. Our conclusions are discussed in light of the soon-to-be-launched Single Supervisory Mechanism that takes into account, among othe...
Article
Full-text available
Economic and debt crisis in Europe has brought along the question which member states could become a source of future economic growth of EU28 region. With respect to this question, this paper aims to contribute to this debate by identifying possible economic growth poles within the EU28 economic region. In light of recent debate centered on the fut...
Conference Paper
Full-text available
We investigate the influence of Slovakia accession to European Union on efficiency of Slovak banks over the period 2001-2009. Using a nonparametric approach, we estimate five different efficiency scores, namely cost, allocative, technical, pure technical, and scale efficiency. To test the impact of potential determinants on bank efficiency, we use...
Article
Full-text available
In the study we focus on theoretical and practical aspects of the role of the U.S. dollar in current international monetary system. We shortly describe the historical evolution of monetary system when it comes to the dollar position in it. Subsequently, we assess current status of the U.S. dollar in financial markets and its share on international...

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Cited By

Projects

Projects (3)
Project
(External) Macroeconomic imbalances related issues.
Project
Illicit financial flows related research.
Project
Monetary economics and policy related research.