Simona Malovaná

Simona Malovana is the Executive Director of the Research and Statistics Department at the Czech National Bank (CNB) and editor of the CNB Working Papers series. She previously served as the Director of the Financial Research Division at the same institution. She has more than a decade of experience producing policy-oriented research, advising central bank policymakers, setting research priorities, and leading project teams. Her research interests include financial stability topics, macro-financial linkages, interaction and coordination of central bank policies, green finance, and climate risks. Her work has been published in peer-reviewed journals such as the International Journal of Central Banking and the Journal of Financial Stability. She participates in various international research networks, including the International Banking Research Network and the ChaMP ESCB Research Network. She holds a PhD from Charles University.

• Trubelík I., Karhánek T., Malovaná S., Michl A. (2025): Instant Payments in Czechia: Adoption and Future Trends, CNB Working Paper 4/2025, Czech National Bank.
• Hodula M., Janků J., Malovaná S., Ngo N. A. (2024): Geopolitical Risks and Their Impact on Global Macro-Financial Stability: Literature and Measurements, CNB Working Paper 8/2024, Czech National Bank.
• Bajzík J., Janků J., Malovaná S., Moravcová K., Ngo N. A. (2023): Monetary Policy Has a Long-Lasting Impact on Credit: Evidence from 91 VAR Studies, CNB Working Paper 19/2023, Czech National Bank.

• Malovaná, S., Hodula, M., Bajzík, J., Gric, Z. (2025): Borrower-Based Macroprudential Measures and Credit Growth: How Biased is the Existing Literature?, Journal of Economic Surveys, 39(1), February 2025.
• Malovaná, S., Hodula, M., Bajzík, J., Gric, Z. (2024): Bank Capital, Lending and Regulation: A Meta-analysis, Journal of Economic Surveys, 38(3), July 2024.
• Cao J., Dinger V., Gomez T., Gric Z., Hodula M., Jara A., Juelsrud R., Liaudinskas K., Malovaná, S., Terajima Y. (2023): Monetary policy spillover to small open economies: Is the transmission different under low interest rates?, Journal of Financial Stability 65.
• Malovaná, S., Hodula M., Bajzík J., Gric Z. (2023): Macroprudential Policy in Central Banks: Integrated or Separate? Survey Among Academics and Central Bankers, Journal of Financial Stability 65.
• Malovaná, S., Bajzík J., Ehrenbergerová D., Janků J. (2023): A Prolonged Period of Low Interest Rates in Europe: Unintended Consequences, Journal of Economic Surveys 37(2).

Awards

• 2021 Czech National Bank Economic Research Award for the Best Research Paper
• 2019 František Vencovský Award by University of Finance and Administration (1st Prize in the Theoretical Research Category)
• 2018 Czech National Bank Economic Research Award for the Best Working Paper
• 2015 Czech Econometric Society Award – 3rd place in the Competition for the Best Student Paper in Theoretical Economics 2015
• 2014 Karel Englis Prize by the Czech Economic Society (best economic policy paper)