Prof. Deyan Radev, PhD
Professor of Fintech, Banking and Systemic Risk
Author ID (SCOPUS): 57225924071
Researcher ID (Web of Science): ABA-1901-2020
ORCID ID: 0000-0002-0445-0397
Personal webpage: https://sites.google.com/site/deyanradev/home
LinkedIn: https://www.linkedin.com/in/deyan-radev-phd
Bio: CV
Google Scholar: https://scholar.google.com/citations?user=JnEZf6sAAAAJ&hl=en
NACID: https://ras.nacid.bg/dissertation-preview/66176
Authors database (Uni Sofia): https://authors.uni-sofia.bg/AuthorPublications.aspx?id=dbe7171e-ba47-4abd-b961-4c19f90253e5
Short Bio
Prof. Deyan Radev, PhD earned his Bachelor’s degree in Economics from the Faculty of Economics and Business Administration at Sofia University “St. Kliment Ohridski” in 2006 and completed his Master’s degree in International Economic Relations at the University of Konstanz, Germany, in 2008. In 2013, he received his PhD from Goethe University Frankfurt with a dissertation on Systemic Risk and Contagion in the European Union. His dissertation won two awards in Germany in 2014: the Best Dissertation Award of the Deutsche Bundesbank for best dissertation in economics at Johanness Gutenberg University Mainz and the Hochschulpreis of the prestigious German Capital Markets Institute at Deutsche Börse. The systemic risk indices developed in his dissertation have been adopted by the European Central Bank and are regularly featured in the European Systemic Risk Board’s Risk Dashboard.
Following his PhD, Prof. Radev worked as a postdoctoral researcher at Goethe University. From 2016, he served as a lecturer in finance at the University of Bonn, where he taught courses in empirical finance and banking at the bachelor’s, master’s, and doctoral levels. In February 2020, he joined the Faculty of Economics and Business Administration at Sofia University “St. Kliment Ohridski” as an Аssistant Professor. He was promoted to Associate Professor in September 2022 and to Full Professor in December 2024 in the field of fintech, banking, and systemic risk.
Prof. Radev’s research has been presented to the Board of Governors of the Federal Reserve System, the European Central Bank, the Bank of England, the Deutsche Bundesbank, the Bank for International Settlements, and at leading academic conferences such as those of the American Economic Association and the European Economic Association.
In addition to systemic risk, his research interests include: fintech and digital transformation, financial economics, banking and financial regulation, bank resolution, financial stability, risk management, sovereign default, political economy, and applied econometrics.
Academic Position
December 2024 – present: Professor of FinTech, Banking, and Systemic Risk, Sofia University
Other Positions/Affiliations
March 2025 – present: President of FEBA Alumni Club, Sofia University
April 2025 – present: EUI Fernand Braudel Senior Fellow, European University Institute, Florence, Italy
December 2023 – present: Director Alumni Relations at FEBA Career Center, Sofia University
December 2022 – present: Founding Director of CEE Centre for Digital Finance
April 2022 – present: Member of OECD/INFE network of financial educators
February 2022 – present: Research Fellow and Coordinator at Digital Euro Association, Frankfurt, Germany
Past Positions
March 2023 – March 2025: Vice-President of FEBA Alumni Club, Sofia University
September 2022 – Nov. 2024: Professor (Assoc.) of FinTech and Banking, Sofia University
December 2019 – Nov. 2022: Petar Beron Research Fellow in Economics, Sofia University
February 2020 – Sept. 2022: Assistant Professor of FinTech and Banking, Sofia University
December 2016 – Feb. 2020: Assistant Professor of Banking, University of Bonn
June 2013 – July 2018: Assistant Professor of Finance, Goethe University Frankfurt
June 2013 – December 2014: Economist, ZEW Mannheim, Germany
September 2011 – Feb. 2012: Visiting Researcher/Consultant, European Central Bank
August 2009 – May 2013: Research Assistant of Prof. Dr. Isabel Schnabel, Chair of Financial Economics, Johannes Gutenberg University Mainz, Germany
Education
September 2008 – July 2013: Ph.D. in Economics, Summa cum laude, Goethe University Frankfurt
Majors: Finance, Econometrics
Dissertation: “Systemic Risk and Contagion in the European Union”
Grade: Summa cum laude
Supervisors:
1. Prof. Dr. Isabel Schnabel (1st Supervisor, Executive Board of the European Central Bank; University of Bonn)
2. Prof. Dr. Jan Pieter Krahnen (Goethe University Frankfurt)
October 2006 – October 2008: Master of Business Administration, University of Konstanz, DE (Top of class)
October 2002 – July 2006: Bachelor of Science in Economics, Sofia University (Top 1% of class)
Honors
April 2014: Hochschulpreis des Deutschen Aktieninstituts – Award for Best Dissertation in Finance in Germany of Deutsches Aktieninstitut (€7 500)
March 2014: Sonderpreis der Deutschen Bundesbank – Special Award for Best Dissertation in Finance in Germany of Deutsche Bundesbank (€2 500)
Research Interests
FinTechs and Digitalization, Financial Economics, Bank Resolution, Banking Regulation, Financial Stability, Applied Econometrics
Research Stays
January 2016 – July 2018: Deutsche Bundesbank, Research Center, Frankfurt
January 2016 – October 2017: Halle Institute for Economic Research (IWH), Halle (Saale)
September 2011 – Feb. 2012: European Central Bank, Financial Stability Division, Frankfurt
Selected Publications (by field)
Field: Banking Regulation, Financial Crises, Systemic Risk and Contagion
“Integration Culture of Global Banks and the Transmission of Lending Shocks” (with Andreas Barth, Journal of Banking & Finance, 2022, 134, World Top 10 in Finance, Q1 in Scopus)
“Assessing Systemic Fragility – A Probabilistic Perspective” (Journal of Risk, 2022, Scopus)
“Financial Contagion and Foreign Bank Lending: Does the Vienna Initiative Need Reevaluation? Evidence from the Transition Region” (Economic Studies, 2025, Scopus)
“Dynamic Measures of Sovereign Systemic Risk” (Economic Studies, 2024, Scopus)
“Current Topics in Banking Regulation and Systemic Risk: Bank Resolution, Regulatory Arbitrage and Climate Risks” (in Encyclopedia of Monetary Policy, Financial Markets and Banking, forthcoming, edited by Nikolaos Apergis, publisher: Elsevier, Scopus)
“Liquidity Regulation and the Transmission of Lending Shocks across Borders” (Economic Alternatives, 2022, Scopus)
“Multinational Banks and the Drivers of Cross-border Contagion” (Czech Journal of Economics and Finance, 2021, 71(2): 119-143, Scopus)
“The Euro Area Sovereign Debt Crisis: Can Contagion Spread from the Periphery to the Core?” (with Denis Gorea, International Review of Economics and Finance, 2014, 30: 78-100. Q1 in Web of Science, Top 10% in Citations in Scopus)
“Systemic Risk Measure – A Portfolio Probabilistic Perspective on Measuring Default Risk” (with Ivan Alves, European Central Bank, ECB Financial Stability Review, June 2012, Box 8, 99-100)
Field: FinTech and Digitalization
“Brexit and the Fintech Revolution in Europe: Lessons from the Bulgarian Digital Finance Cluster” (with Georgi Penev, Competitiveness Review, 2024, https://doi.org/10.1108/CR-07-2022-0108, Scopus Q1, IF 4.610, Indexed in Web of Science)
“The Digital Transformation of Financial Services: Evolution and Competitiveness of Bulgaria’s Emerging Fintech Cluster“ (with Georgi Penev, in: Beyond Innovation Hotspots: Clusters for Competitiveness and Transformation in Real Regions, Eds. Beck, R., Fornahl, D., Ketels, C., Kiese, M., 2024, https://doi.org/10.4337/9781035315611.00009, Scopus)
“Implications of the Digital Euro for Monetary Policy Transmission Outside the Euro Area” (in Digital Assets and the Law: Fiat Money in the Era of Digital Currency, Eds. Zatti, F, Routledge-Giappichelli Publishing House, 2024, https://doi.org/10.4324/9781003258261-10, indexed in Scopus)
Books and Monographies
“Brexit and Bank Lending in the Transition Region” (St. Kliment Ohridski University Press, 2024)
“Measuring Systemic Risk – A Probabilistic Perspective” (Springer Verlag, 2022, indexed in Scopus)
“Economic Crises and Financial Contagion” (St. Kliment Ohridski University Press, 2022)
Book Contributions
“Credit Scoring: International Comparison of the Economic Significance and Legal Framework” (with Michael Schröder, Gunnar Lang and Oliver Lerbs, Die Wirtschaftsauskunfteien e.V., Oldenburg., 2014, in German)
Sovereign Debt Restructuring in Argentina: Analysis of Policy Responses and International Comparison” (with Michael Schröder, Clemens Fuest and Christoph Schröder, 2014, in English)
Working Papers
“Bank Resolution Regimes and Systemic Risk” (with Thorsten Beck and Isabel Schnabel)
“Vox Populi, Vox Dei? The Effect of Brexit on Banks and the Real Economy” (with Martin Waibel, Stockholm School of Economics, R&R European Journal of Political Economy)
“Resolution Regimes, Corporate Structure of Global Banks and Systemic Risk” (with Michela Altieri, Luiss Carli University Rome)
“Bail-in Regulation and Market Discipline” (with Matthias Pütz)
Newspaper Articles
“Do not underestimate the contagion risks in the Eurozone” (Börsen-Zeitung, 08.10.2016, in German)
Research Grants
Principal Investigator/Research Supervisor
April 2024 – present: Project “Development of artificial intelligence-based algorithms for credit risk assessment” (FEBA at Sofia University) (€4000)
December 2023 – present: Project “Machine-Learning-based Artificial Intelligence Framework for Credit Risk Analysis of Traded and Non-Traded Companies”, Principal Investigator, Program “Fundamental Studies 2023”, Bulgarian National Science Fund (€100 000)
December 2023 – present: Project “Leveraging alternative data sources for building a sustainable and unbiased credit scoring tool”, Research Supervisor, Program “Petar Beron i NIE”, Bulgarian National Science Fund (€61 500)
June 2023 – present: Project “Financial Health and P2P Lending”, Principal Investigator, Program SUMMIT, Sofia University (€23 000)
December 2019 – present: Project “Brexit and Western and Central and Eastern Europe: Effects on Financial Stability and the Real Economy”, Principal Investigator, Program “Petar Beron i NIE”, Bulgarian National Science Fund (€61 500)
Team Member
December 2016 – present: Project “Banking Regulation and Systemic Risk” with Prof. Dr. Isabel Schnabel (University of Bonn) and Prof. Thorsten Beck, Ph.D. (Cass Business School, London) (€100 000)
May 2016 – November 2016: Project “Effect of Capital Regulation on Bank Investment Strategies and Systemic Risk” at Research Center SAFE, funded by the State of Hessen initiative for research LOEWE (€100 000)
January 2016 – June 2016: Project “Social Centralization, Bank Integration and the Transmission of Lending Shocks” at IWH, funded by the IWH EXplore Program
June 2013 – December 2015: Project “The Internal Organization of Banks and the Transmission of Lending Shocks across Borders” at Research Center SAFE, funded by the State of Hessen initiative for research LOEWE (€100 000)
Other Grants & Scholarships
January 2016 – June 2016: Scholarship IWH EXplore for a research stay at IWH (€6 000)
December 2012: AEA/ASSA Annual Meeting Travel Grant (GSEFM, €3 000)
December 2012: Spanish Economic Association Travel Grant (Goethe University, €500)
August 2011: EBRD Sponsorship to attend the 2011 Lindau Laureate Meeting
June 2010: DAAD Grant to attend the CEMFI Doctoral Summer School (€1 500)
April 2007 – October 2008: DAAD Scholarship for the academic year 2007/2008 (€10 000)
November 2005 – July 2006: Atanas Burov Scholarship for the academic year 2005/2006 (€650)
October 2002 – July 2006: Scholarship for excellent performance during studies at Sofia University
Teaching Experience
February 2020 – present: Sofia University, Bulgaria
- Lecturer in FinTech and E-Banking, Empirical Methods in Finance, Principles of Banking, Banking Regulations, Data Analysis with R (Master)
- Courses in Blockchain and Data Analysis with R for the Institute for Public Administration and the National Revenue Agency
November 2016 – Feb. 2020: University of Bonn, Germany
- Lecturer in Corporate Finance (Bachelor), Banking and Securitization (Master) and Empirical Banking (PhD)
October 2015 – July 2018: Goethe University Frankfurt, Germany
- Teaching assistant in Advanced Financial Economics 2 (PhD) and Banking and Securitization (Master)
October 2009 – May 2013: Johannes Gutenberg University Mainz, Germany
- Teaching assistant in Empirical Banking and Finance (Master) and Applied Econometrics (Bachelor)
September 2003 – July 2006: Sofia University, Bulgaria
- Teaching assistant in Microeconomics and Informatics
Referee
Journal of Banking and Finance, Journal of International Money and Finance, North American Journal of Economics and Finance, Quantitative Finance, Journal of Risk and Financial Management, Economics of Transition, Economics Bulletin, International Economics and Economic Policy, Economic Studies
Memberships
American Economic Association, American Finance Association, European Economic Association, European Finance Association, German Economic Association, German Finance Association, International Finance and Banking Society, International Network of Financial Education