Deyan Radev, PhD
Full Professor of FinTech, Banking, and Systemic Risk
Sofia University “St. Kliment Ohridski”
https://www.linkedin.com/in/deyan-radev-phd/
I study banking regulation, fintech, systemic risk, international bank lending, and financial stability, with a focus on how regulatory frameworks and institutional structures shape risk transmission across borders.
JIMF paper | JBF paper | Research | CV
Featured Publications
Journal of International Money and Finance, 2026
with Michela Altieri
This paper examines whether differences in bank resolution regimes create incentives for regulatory arbitrage and affect systemic risk across jurisdictions. It contributes to debates on bank resolution, cross-border regulatory design, and financial stability by showing how resolution frameworks may have unintended systemic consequences.
Links: Open access version
Suggested citation:
Altieri, M. and Radev, D., 2026, Bank Resolution, Regulatory Arbitrage, and Systemic Risk. Journal of International Money and Finance, 103591, https://doi.org/10.1016/j.jimonfin.2026.103591.
Journal of Banking & Finance, 2022
with Andreas Barth
This paper studies how the integration culture of multinational banking groups shapes the transmission of lending shocks across borders. It links bank organizational culture to international credit transmission and real-economy exposure to foreign financial shocks.
Links: Article
Suggested citation:
Barth, A. and Radev, D., 2022, Integration Culture of Global Banks and the Transmission of Lending Shocks. Journal of Banking & Finance, 134 (106338), https://doi.org/10.1016j.jbankfin.2021.106338.
Books
Sofia University “St. Kliment Ohridski” University Press, 2024
This book studies how political risk and financial contagion affect bank lending in transition economies, with a focus on cross-border banking groups and the real-economy implications of external shocks.
Links: Download open access version
Suggested citation:
Radev, D., 2024, Brexit and Bank Lending in the Transition Region: Political Risk Contagion and the Real Economy, St. Kliment Ohridski University Press, ISBN: 978-954-07-5946-3.
Springer Nature, 2022
This book develops a probabilistic perspective on systemic risk measurement, focusing on the quantification of financial fragility, tail dependence, and the contribution of individual banking institutions and sovereigns to systemic risk.
Links: Link to publisher
Suggested citation:
Radev, D., 2022, Measuring Systemic Risk: A Probabilistic Perspective, ed. by Janusz Kacprzyk. Vol. 409, Springer Nature. DOI: https://doi.org/10.1007/978-3-030-94281-6, ISBN 978-3-030-94280-9.
Sofia University “St. Kliment Ohridski” University Press, 2022
This book examines the mechanisms through which financial distress, market instability, and macro-financial shocks propagate across institutions, markets, and countries, with a focus on financial contagion and systemic fragility.
Links: Link to researchgate
Suggested citation:
Radev, D., 2022, Economic Crises and Financial Contagion, St. Kliment Ohridski University Press, ISBN 978-9-540-75466-6.
Other News
Financial Stability Board citation
My paper "Bank Resolution Regimes and Systemic Risk" (with Thorsten Beck and Isabel Schnabel) was cited in the latest Financial Stability Board report on the effect of reforms regarding too-big-to-fail banks.
CEPR Discussion Paper and VoxEU column
The paper "Bank Resolution Regimes and Systemic Risk" (with Thorsten Beck and Isabel Schnabel) is now available as CEPR Discussion Paper 14724 (Link). You can also check out our blog post on VoxEU (Link). The paper is also available on SSRN (Link).
Disclaimer: This paper should not be reported as representing the views of the European Central Bank (ECB).
From Zero to FinTech Hackathon
The hackathon From Zero to FinTech (link), organized by the CEE Centre for Digital Finance and FEBA at Sofia University, and supported by the European Commission and the Ministry of Finance of the Republic of Bulgaria, took place between March 6 and March 14.
