Timotej Homar is a PhD student at the University of Amsterdam.

He obtained a BSc in Mathematical Economics (2008) and an MSc in Business administration (2010) at the University of Ljubljana, Slovenia. During his studies he was an intern at the risk management department of Nova Ljubljanska Banka and in P&S Group, a consultancy focused on business valuation in South Eastern Europe. In 2012 he completed a research MPhil in Finance at the Tinbergen Institute.

Timotej’s academic interests are in banking and corporate finance. His research is focused on intervention in systemic banking crises. His work is supervised by Prof. dr. Arnoud Boot and Prof. dr. Sweder van Wijnbergen.

• CV

Teaching activities

• Bankruptcy and Corporate Reorganization, master course at Duisenberg School of Finance (teaching assistant), 2013-2014;
• International Corporate Governance, master course at Duisenberg School of Finance (teaching assistant), 2013-2014; 
• Finance, undergraduate course at Amsterdam Business School (tutorials), 2012-2014; 
• BSc Thesis seminar, Amsterdam Business School, 2012-2013; 
• Corporate Valuation, master course at Duisenberg School of finance (tutorials), 2012-2013.

Working papers

Bank Recapitalizations and Lending: A Little Is Not Enough (job market paper)

This paper analyzes the effect of bank recapitalizations on lending, funding and asset quality of European banks between 2000 and 2013. Controlling for market implied capital shortfall of banks, we find that banks that receive a sufficiently large recapitalization increase lending, raise additional funding and clean up their balance sheets. In contrast, banks that receive a small recapitalization relative to their capital shortfall reduce lending, shrink assets and suffer a drop in deposits and interbank borrowing. These results suggest recapitalizations need to be large enough to lead to new lending.

• Bank Recapitalizations and Lending: A Little Is Not Enough - Job market paper

• Bank Recapitalizations and Lending: A Little Is Not Enough - Online Appendix

On Zombie Banks and Recessions after Systemic Banking Crises: Government Intervention Matters (with Sweder van Wijnbergen)

What costs do zombie banks impose on society? We analyze the effects of government and central bank interventions in 68 systemic banking crises since 1980, of which 28 are part of the recent global financial crisis. Our estimation approach controls for the correlation between intervention measures and the time-invariant component of unobservable crisis severity. We find that timely bank recapitalization substantially reduces the duration of recessions, underscoring the distortions caused by zombie banks and the costs of regulatory forbearance.

• On Zombie Banks and Recessions after Systemic Banking Crises - Paper

• On Zombie Banks and Recessions after Systemic Banking Crises - Online appendix

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