Timotej Homar PhD student Amsterdam Center for Law & Economics University of Amsterdam Plantage Muidergracht 12 1018 TV Amsterdam The Netherlands Mobile: +31 64 31 64 255 Email: [email protected] Webpage: www.uva.nl/profile/t.homar Citizenship: Slovenian References Prof. dr. Arnoud W.A. Boot Amsterdam Center for Law & Economics University of Amsterdam Phone: +31 20 525 4162 Email: [email protected] Prof. dr. Sweder J.G. van Wijnbergen Faculty of Economics and Business University of Amsterdam Phone: +31 20 525 4252 Email: [email protected] Third Reference Department University Phone Email Research interests Banking, corporate finance Education 2012 – 2010 – 2012 2008 – 2010 2005 – 2008 PhD student, University of Amsterdam and Tinbergen Institute. Supervisors: Prof. Arnoud Boot, Prof. Sweder van Wijnbergen. Expected completion date July 2015. MPhil in finance at the Tinbergen Institute, University of Amsterdam International Master of Business Administration, University of Ljubljana Bachelor in Economics, University of Ljubljana Relevant experience 2014 2013 2008 – 2009 2007 2006 European Central Bank, trainee at the Macroprudential Department, Sep – Dec 2014 International Monetary Fund, visitor at the Research Department, August 2013 P&S Capital d.o.o., Ljubljana (Valuation and M&A consulting), financial analyst, 5 months Nova Ljubljanska Banka d.d., Ljubljana (Largest Slovenian bank), internship at the risk management department and the corporate banking department Gorenje UK Ltd, London (Subsidiary of a household appliances manufacturer), internship Teaching experience 2013-2014 2013-2014 2012-2014 2012-2014 2012-2013 Bankruptcy and Corporate Reorganization, master course at Duisenberg School of Finance (teaching assistant) International Corporate Governance, master course at Duisenberg School of Finance (teaching assistant) Finance, undergraduate course at Amsterdam Business School (tutorials) BSc Thesis seminar, Amsterdam Business School, University of Amsterdam Corporate Valuation, master course at Duisenberg School of finance (tutorials) Languages English German Dutch Slovenian Fluent, Certificate in Advanced English Advanced, Prüfung Wirtschaftsdeutsch Advanced, NT2 II Staatsexamen Native Publications Homar, T., C.G.F. van der Kwaak, S.J.G van Wijnbergen (2013). Herkapitalisatie banken schept ruimte voor stimulering. Economische Statistische Berichten. 12 July 2013, p. 422-425. (Awarded best paper of 2013 in the ESB, a Dutch economic journal) Working papers Homar, T. (2014). Bank Recapitalizations and Lending: A Little is Not Enough. (Job Market paper) This paper analyzes the effect of bank recapitalizations on lending, funding and asset quality of European banks between 2000 and 2013. Controlling for market implied capital shortfall of banks, we find that banks that receive a sufficiently large recapitalization increase lending, raise additional funding and clean up their balance sheets. In contrast, banks that receive a small recapitalization relative to their capital shortfall reduce lending, shrink their risk weighted assets and suffer a drop in deposits and interbank borrowing. These results suggest recapitalizations need to be large enough to lead to new lending. Homar, T., S.J.G. van Wijnbergen (2013). Recessions after Systemic Banking Crises: Government Intervention Matters. Tinbergen Institute Discussion Paper 13-039. What costs do zombie banks impose on society? We analyze the effects of government and central bank interventions in 68 systemic banking crises since 1980, of which 28 are part of the recent global financial crisis. Our estimation approach controls for the correlation between intervention measures and the time-invariant component of unobservable crisis severity. We find that timely bank recapitalizations substantially reduce the duration of recessions, underscoring the distortions caused by zombie banks and the costs of regulatory forbearance. Presentations Banking Structure Conference, Bonn, 20 September, 2013. International Monetary Fund, Presentation at the Research Department, 26 August, 2013. International Finance and Banking Society Conference, Nottingham, 27 June, 2013.
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