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Václav Brož

Václav Brož, Ph.D.

Principal Lecturer

Václav is a Principal Lecturer and Research Lead for the School of Business, Management & Technology. He teaches in areas such as macroeconomics, financial markets, statistics, corporate governance and employee management.

When teaching, Václav likes to link theories to practice, with an emphasis on current events and trends. He believes that if students can relate to real-world developments such as economic and financial crises, they will have an advantage in their future careers. 

Václav has a Ph.D. in Economics from the Institute of Economic Studies at Charles University. As a teaching assistant during his Ph.D. programme, he taught Intermediate Macroeconomics and Financial Markets and advanced his knowledge of economic theories and econometric modelling. His interests were due to the fact that during his Master's studies, he worked in the Financial Stability Department of the Czech National Bank, first as a researcher and later as an analyst. These synergies between Charles University and the Czech National Bank were instrumental in his dissertation thesis which explored the diverse objectives of contemporary central banks, ranging from price stability to financial stability and supervision of financial institutions.

Influenced by his teaching experience, as well as his practical policy experience, his research has veered firmly into the finance domain. He has successfully published (twice) in the Journal of International Money and Finance while completing a grant from Charles University. Václav has also presented at several international conferences as well as expert seminars for policymakers. 

Education

Charles University, CZ — Doctor's Degree

Charles University, CZ — Master (Mgr.)

Professional Activities

2022 - present — Prague City University, Principal Lecturer
 
2024 - present — Charles University, External Lecturer
 
2020 - 2021 — Czech National Bank, Head of Financial Institutions Unit, Macroprudential Policy Division and Financial Stability Department
 
2018 - 2020 — Czech National Bank, Czech National Bank, Analyst in the Financial Stability Department

2017 - 2018 — Czech National Bank, Junior Research Specialist in the Financial Stability Department

Research & Practice

Selected Research:
Brož, V., (2024). The impact of announcements of regulatory and law enforcement penalties on stock market valuation of US banks from 2000 to 2022. Journal of Financial Regulation and Compliance.
Brož, V., Pace, D., Gahir, B., Draper, T., Cavagnetto, S., (2023), “Do not mention Russia: A theoretical framework for bank penalties due to economic sanction violations and policy implications”, Banks and Bank Systems, 18(2), pp. 161-176.
Cavagnetto, S., Makarenko, I., Brož, V., Rivera L., Filatova, H. (2022). The sustainability transparency index of sovereign wealth funds: their asset size, SDG country rankings and cross-region comparison. Investment Management and Financial Innovations, 19(4), pp. 218-231.
Brož, V., Kočenda, E., (2022) Mortgage-related bank penalties and systemic risk among U.S. banks, Journal of International Money and Finance, 122, issue C. 
Brož, V., Pfeifer, L., (2021), Are risk weights of banks in the Czech Republic procyclical? Evidence from wavelet analysis, Journal of Central Banking Theory and Practice, 10(1), pp. 113-139.