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The monograph "Economic Crises and Financial Contagion" by Dr. Deyan Radev, published by the University Publishing House "St. Kliment Ohridski”.


Dr. Deyan Radev graduated in Economics at the Faculty of Economics and Business Administration, Sofia University "St. Kliment Ohridski” and holds a master's program in International Business and Economic Relations from the University of Konstanz, Germany. In 2013, he defended his doctoral dissertation "Systemic Risk and Infection in the European Union" at Goethe University, Frankfurt, with the highest award Summa Cum Laude. In 2014, the dissertation received two German national awards for best dissertation. Dr. Radev's systemic risk indicators have been implemented and are used daily by the European Central Bank (ECB).

In the period 2013-2020, Dr. Radev worked at Goethe University and Bonn University. In 2020 he returned to the Faculty of Economics and Business Administration at Sofia University "St. Kliment Ohridski” within the framework of the National Research Program “Peter Beron” for attracting and reintegrating successful Bulgarian researchers back to Bulgarian universities. He teaches courses in fintech, corporate finance and banking regulation.

Dr. Radev has a number of publications in world-renowned scientific journals such as the Journal of Banking and Finance and the International Review of Economics and Finance. He has published monographs in Springer Verlag and others. In addition to systemic risk, Dr. Radev's research interests include blockchain, fintech and digitalization, financial economics, banking and financial regulation, banking restructuring, financial stability, risk management, state bankruptcy, political economy and applied econometrics.

The monograph "Economic Crises and Financial Contagion" is aimed at the applied researcher in financial economics. Methods include copula analysis, Markov chains and extreme value theory, causal analysis based on regressions with panel data, structural interruptions and regime changes. The tools presented in the monograph can find a variety of applications: analysis of individual stock exchanges, analysis of contamination between stock markets and banking systems, policy evaluation, event research and analysis of differences in the differences of important events and crises such as the COVID pandemic -19, economic and political crises caused by unexpected results of a public vote such as Brexit.