Unit:
Research Laboratory of Advanced Studies
Research interest:
financial stability, financial intermediation, climate finance
About me:
Dr. Marcin Borsuk’s research focuses on financial stability, financial intermediation, and climate finance. At INE PAN, he is the Principal Investigator of two OPUS research projects financed by the National Science Centre. The projects examine the role of banks in the transition to a low-carbon economy and the financial effects of geopolitical risk on bank lending.
Marcin has been a Jean Monnet Fellow at the European University Institute, a Research Associate at the University of Oxford, a Visiting Scholar at NYU Stern School of Business, and a postdoctoral researcher at the University of Cape Town.
He has ten years of experience as a financial economist at the National Bank of Poland and the European Central Bank, where he conducted empirical policy research on systemic risk and financial stability.
He holds a PhD in Finance from the University of Gdansk. His doctoral thesis received the award for the best doctoral dissertation granted by the President of the National Bank of Poland.
Links:
Publications:
Papers in scientific journals
Borsuk M., Hryckiewicz A., Pawlowski P., Mazur P. (2022), Sovereign debt holding and bank sensitivity toward market risk - an alternative view of the bank-sovereign problem, International Journal of Central Banking (accepted and forthcoming).
Borsuk M., Budnik K. and Volk M. (2020), Buffer use and lending impact, Macroprudential Bulletin, 11.
Borsuk M. (2019), Forecasting the Net Interest Margin and Loan Loss Provision Ratio of Banks in Various Economic Scenarios: Evidence from Poland, Russian Journal of Money and Finance, Vol. 78, no 1.
Other publications
Borsuk M., Kowalewski O., P. Pisany (2022), State-owned banks and international shock transmission, ECB Working Papers.
Borsuk M., Kowalewski O., Qi J. (2020), The Dark Side of the Bank Levy, Working Papers 2020-ACF-08, IESEG School of Management.
Borsuk M., Krzesicki O. (2020), InSTA - integrated stress-testing approach at NBP. The past, present and future perspectives, NBP Working Papers.
Climate-related risk and financial stability (ECB, 2021).
Macroprudential stress-test of the euro-area banking system amid the coronavirus (COVID-19) pandemic (ECB, 2021).