_DJT9362

MILOŠ BOŽOVIĆ, PhD

Cabinet:230

Phone:+381 11 3021 129

Consultation:Wednesday, 4-6 pm

Email:milosbozovic@ekof.bg.ac.rs

Courses:

Financial Economics (undergraduate)
Quantitative Finance (undergraduate)
Financial Derivatives and Fixed Income Securities (graduate)
Research methods in economics with applications in finance (graduate)
Advanced Risk Modeling (graduate)
Financial Mathematics (graduate)


Short bio

Miloš Božović was born in 1976 in Belgrade, Serbia. He obtained his PhD in Economics in 2009 at Barcelona Graduate School of Economics (Pompeu Fabra University, Barcelona, Spain). He also has a PhD in physics from University of Belgrade, received in 2005.

Dr. Božović is an Assistant Professor at the Faculty of Economics, University of Belgrade since 2012, where he teaches several courses at undergraduate and graduate level. In addition, he is an External Lecturer at the Department of Management and Economics of European Business School (Frankfurt metropolitan area, Germany).

His research interests cover a range of topics in financial economics, with a focus on risk modelling, derivatives, banking, and financial markets. He received the Annual award of the Association of Spanish exchanges and markets (BMEX) for the best research paper in financial derivatives in 2006, and a nomination for the Global Association of Risk Professionals (GARP) Annual Award for the best paper in risk management in 2010. In the previous part of his career, he had published several papers in theoretical physics, including seven SCI publications with over 70 citations, and received the Scientific Excellence Award of Serbian Ministry of Science in 2004.

Prof. Božović has over a decade of experience as a consultant on a number of projects in Europe and the Middle East, including projects for the EU, USAID, Government of Catalunya and the World Bank. He was a consultant for several ministries of finance and central banks in the Balkans. He also participated in several multiyear research projects in Serbia, Spain, and Greece. He is a member of European Finance Association and Global Association of Risk Professionals. Between 2009 and 2013, Dr. Božović was the Managing Director of Center for Investments and Finance, a Belgrade-based consultancy company specialized in risk management. He is co-author of a risk management software system “RiskGuard*”.

 

Selected references

Books and book chapters:

  1. Operational research and quantitative investment methods (in Serbian, with B. Urošević), 2nd edition, Faculty of Economics, University of Belgrade, 2013, ISBN 978-86-403-1036-9
  2. ‘Practical considerations in optimal selection of investment portfolio’ (with B. Urošević) in: Product Specifics on the Markets of Insurance and Reinsurance, editors: J. Kočović, B. Jovanović Gavrilović and M. Radović Marković, pp. 371–385, Faculty of Economics, University of Belgrade, 2013
  3. ‘Creating the environment for more efficient investment portfolios of insurance companies in Serbia’ (with B. Urošević) in: Achieved Results and Prospects of Insurance Market Development in Modern World, editors: J. Kočović, B. Jovanović Gavrilović & D. Jakovčević, pp. 267–278, 2012
  4. ‘The Housing Market in Serbia in the Past Decade’ (with D. Šoškić, B. Urošević, and B. Živković) in: Global Housing Markets: Crises, Policies, and Institutions, editors: A. Bardhan, R. Edelstein & C. Kroll, John Wiley & Sons, pp. 247–267, 2011
  5. ‘Network risk in international banking groups’ (in Serbian, with B. Urošević and B. Živković) in: New strategy of development of Serbian economy – Challenges of economic policy in 2011, editors: J. Bajec i M. Jakšić, Faculty of Economics, University of Belgrade, pp. 215–235, 2011
  6. ‘Contagion risks in banking networks in central, eastern and south-eastern Europe’ (in Serbian, with B. Urošević and B. Živković) in: Economic policy and development, editors: B. Jovanović-Gavrilović i T. Rakonjac-Antić, Faculty of Economics, University of Belgrade, pp. 147–158, 2010

Articles:

  1. ‘Exchange rate as a determinant of corporate loan defaults in a euroized economy: evidence from micro-level data’ (with J. Atanasijević), Eastern European Economics, forthcoming, 2016
  2. ‘Tail risk in emerging markets of Southeastern Europe’ (with S. Totić), Applied Economics, 48 (19), 1785-1798, 2016
  3. ‘The anomalous forward premium of EUR/RSD exchange rate’ (with M. Talijan), Journal of Sustainable Development, 43 (4), 2015
  4. ‘Equity premium in Serbia: A different kind of puzzle?’ (in Serbian), Ekonomske ideje i praksa, 18, 69–90, 2015
  5. ’Credit Rating Agencies and Moral Hazard’ (with B. Urošević and B. Živković), Panoeconomicus, 58 (2), 219–227, 2011
  6. ’On the Spillover of Exchange Rate Risk into Default Risk’ (koautori B. Urošević i B. Živković), Economic Annals, 183, 32–55, 2009
  7. ‘Valoración de activos derivados sobre materias primas considerando reversion a la media y saltos Poisson’ (in Spanish), Bolsa: revista mensual de bolsas y mercados españoles, 159, 76–77, 2006

Conference proceedings:

  1. ‘Financial stability in a dual-currency regime’ (in Serbian), in: Economic policy in 2016, Belgrade, Serbia, December 12, 2015
  2. ‘Financial Development and Growth: Evidence from Serbia’, in: Proceedings of EACES Workshop “Financial Development in Transition and Post-Transition Countries”, Belgrade, Serbia, September 11–12, 2015
  3. ‘Valuing an Option to Abandon a PPP Toll Road Project’ (with M. Sudarić, N. Vajdić and G. Mladenović), in: Proceedings of the Transport Research Arena (TRA) 2014, Paris, France, April 14–17, 2014
  4. ‘Practical considerations in optimal selection of investment portfolio’ (koautor B. Urošević) in: Product Specifics on the Markets of Insurance and Reinsurance, editors: J. Kočović, B. Jovanović Gavrilović and M. Radović Marković, pp. 371–385, Faculty of Economics, University of Belgrade, 2013
  5. ‘Creating the environment for more efficient investment portfolios of insurance companies in Serbia’ (koautor B. Urošević) in: Achieved Resulsts and Prospects of Insurance Market Development in Modern World, editors: J. Kočović, B. Jovanović Gavrilović & D. Jakovčević, pp. 267–278, Faculty of Economics, University of Belgrade, 2012
  6. ‘When Currency is Crunching the Credit: The Spillover of Exchange Rate Risk into Default Risk’ (koautori B. Urošević i B. Živković), Economic Policy and Global Recession, Faculty of Economics, University of Belgrade, September 25-27, 2009

Permanent Working Papers:

  1. ‘Valuing Legal Inefficiencies in Emerging Market Economies’ (koautori R. Karapandža i B. Urošević), RICAFE working paper 076, London School of Economics, 2009
  2. ‘A Copula Approach to Cross-Market Diversification’ (koautori R. Karapandža i B. Urošević), RICAFE working paper 075, London School of Economics, 2009
  3. ‘Market Risk Management in Emerging Markets: the Case of Western Balkans’ (koautori B. Urošević i R. Karapandža), RICAFE working paper 072, London School of Economics, 2009

Patent:

  1. “RiskGuard*”, a risk management solution for banks and other financial institutions (Serbian Institute for Intellectual Property patent No. A-380/08/2 of September 9, 2008)


Full Academic Vita

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