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Photo of Teodora Paligorova

Teodora Paligorova

Principal Economist Financial Institution Risk Evaluation Section Financial Stability
202-912-7971
[email protected]

Education

  • Ph.D., Economics, CERGE-EI, 2007
Current Research Topics
  • Bank Lending, Systemic Vulnerabilities
  • Leverage Lending, Nonbank Financials
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2018 - present
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2017 - 2018
  • Principal Researcher

    Bank of Canada, Financial Stability Department

    2017
  • Senior Economist

    Bank of Canada, Financial Stability Department

    2015 - 2016
  • Senior Economist

    Bank of Canada, Financial Markets Department

    2007 - 2014
  • Research Assistant

    CERGE-EI

    2002 - 2003
  • Teaching Assisant

    CERGE-EI

    2004 - 2005
  • Financial Analyst

    Albena Invest Holding

    2000 - 2001
  • Foreign banks’ asset reallocation in response to the introduction of the Intermediate Holding Company rule of 2016
    Teodora Paligorova and Judit Temesvary
    Finance Research Letters (Forthcoming)
    https://doi.org/10.1016/j.frl.2022.102750
  • Cross-Border Bank Flows and Monetary Policy
    Ricardo Correa, Teodora Paligorova, Horacio Sapriza, and Andrei Zlate
    Review of Financial Studies (2022)
    https://doi.org/10.1093/rfs/hhab019
    See also » FRB Working Paper (2018)
  • Foreign banks' asset reallocation in response to the introduction of the Intermediate Holding Company rule of 2016
    Teodora Paligorova and Judit Temesvary
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2886
  • Uptake of the Main Street Lending Program
    Falk Bräuning and Teodora Paligorova
    FEDS Notes (2021)
    https://doi.org/10.17016/2380-7172.2897
  • International Monetary Policy Transmission through Banks in Small Open Economies
    Simone Auer, Christian Friedrich, Maja Ganarin, Teodora Paligorova, and Pascal Towbin
    Journal of International Money and Finance (2019)
    https://doi.org/10.1016/j.jimonfin.2018.08.008
  • Debt Financing in Private and Public Firms
    Kim P. Huynh, Teodora Paligorova, and Robert Petrunia
    Annals of Finance (2018)
    https://doi.org/10.1007/s10436-018-0323-6
  • International Monetary Policy Transmission through Banks in Small Open Economies
    Simone Auer, Christian Friedrich, Maja Ganarin, Teodora Paligorova, and Pascal Towbin
    SNB Working Papers (2018)
  • Monetary Policy and Bank Risk-Taking: Evidence from the Corporate Loan Market
    Teodora Paligorova and João A. C. Santos
    Journal of Financial Intermediation (2017)
    https://doi.org/10.1016/j.jfi.2016.11.003
  • Banks' Exposure to Rollover Risk and the Maturity of Corporate Loans
    Teodora Paligorova and João A. C. Santos
    Review of Finance (2017)
    https://doi.org/10.1093/rof/rfw039
  • Non-Bank Investors and Loan Renegotiations
    Teodora Paligorova and João A. C. Santos
    Staff Working Paper (Bank of Canada) (2016)
  • Bank Loans for Private and Public Firms in a Liquidity Crunch
    Jason Allen and Teodora Paligorova
    Journal of Financial Stability (2015)
    https://doi.org/10.1016/j.jfs.2015.03.004
  • The Use of Financial Derivatives by Canadian Firms
    Teodora Paligorova and Rhonda Staskow
    Bank of Canada Review (2014)
  • Rollover Risk and the Maturity Transformation Function of Banks
    Teodora Paligorova and João A. C. Santos
    Staff Working Paper (Bank of Canada) (2014)
  • Corporate Governance, Product Market Competition and Debt Financing
    Teodora Paligorova and Jun Yang
    Staff Working Paper (Bank of Canada) (2014)
  • Public/Private Transitions and Firm Financing
    Kim P. Huynh, Teodora Paligorova, and Robert Petrunia
    Staff Working Paper (Bank of Canada) (2013)
  • Complex Ownership and Capital Structure
    Teodora Paligorova and Zhaoxia Xu
    Journal of Corporate Finance (2012)
    https://doi.org/10.1016/j.jcorpfin.2012.05.001
  • Monetary Policy and the Risk-Taking Channel: Insights from the Lending Behaviour of Banks
    Teodora Paligorova and Jesus A. Sierra Jimenez
    Bank of Canada Review (2012)
  • When Is It Less Costly for Risky Firms to Borrow? Evidence from the Bank Risk-Taking Channel of Monetary Policy
    Teodora Paligorova and João A. C. Santos
    Staff Working Paper (Bank of Canada) (2012)
  • Bank Loans for Private and Public Firms in a Credit Crunch
    Jason Allen and Teodora Paligorova
    Staff Working Paper (Bank of Canada) (2011)
  • Tournament Structure of Managerial Pay: Evidence from the Transition Period
    Teodora Paligorova
    Managerial and Decision Economics (2011)
    https://doi.org/10.1002/mde.1543
  • Corporate Risk Taking and Ownership Structure
    Teodora Paligorova
    Staff Working Paper (Bank of Canada) (2010)
  • Complex Ownership and Capital Structure
    Teodora Paligorova and Zhaoxia Xu
    Staff Working Paper (Bank of Canada) (2009)
  • Czech Female Managers and their Wages
    Štĕpán Jurajda and Teodora Paligorova
    Labour Economics (2009)
    https://doi.org/10.1016/j.labeco.2008.11.001
  • The Effect of the Sarbanes-Oxley Act on CEO Pay for Luck
    Teodora Paligorova
    Staff Working Paper (Bank of Canada) (2008)
  • Female Managers and their Wages in Central Europe
    Štĕpán Jurajda and Teodora Paligorova
    CEPR Discussion Paper Series (2006)
Last update: June 30, 2022