Dr hab. Małgorzata Olszak, prof. UW

Department of Banking and Institutional Finance.

Prof. Małgorzata A. Olszak is a Professor of Economics and Finance at the Faculty of Management, University of Warsaw, where she heads the Department of Banking and Institutional Finance. Her research focuses on the functioning of the banking sector, procyclicality of lending activity, macroprudential policy, banking regulation, and financial stability. She has completed international research fellowships at the University of Strasbourg (2025) and the University of Florence (2018), which have strengthened her international research collaboration in the field of finance, banking, and regulatory policy.

• Editor-in-Chief, Journal of Banking and Financial Economics • Member, Committee for Finance, Polish Academy of Sciences (PAN) • Expert Reviewer, National Science Centre (NCN), Poland • Recipient of the NBP Award for the Best Habilitation Thesis (2018) and multiple University of Warsaw Rector’s Awards for research excellence

Research interests

banking | financial stability | macroprudential policy | bank regulation | competition in the financial sector

International conference activity

Prof. Olszak regularly presents her research at leading international conferences in finance, risk management, and banking, including: • IRMC – International Risk Management Conference, • FEBS – Conference of the Financial Engineering and Banking Society, • CINSC / INFINITI Conference on International Finance, • GDRE – Annual International Symposium on Money, Banking and Finance. Her participation in these events highlights her active engagement in the international academic community and contribution to the field of macroprudential policy research.

Wybrane publikacje

Godlewski, Christophe J., & Olszak, Małgorzata A. (2025). Macroprudential policy and corporate loans: evidence from the syndicated loan market. Journal of International Financial Markets, Institutions & Money, Vol. 104(C). DOI: 10.1016/j.intfin.2025.102223
Olszak, M. A., Godlewski, C., Kowalska, I., Paciorek, A. (2025). Macroprudential Policy and Net Interest Margins in European Banks. Journal of Financial Services Research. DOI: 10.1007/s10693-025-00449-x
Olszak, M. A., & Kowalska, I. (2023). Do competition and market structure affect sensitivity of bank profitability to the business cycle? Pacific-Basin Finance Journal, 80, 102098. https://doi.org/10.1016/j.pacfin.2023.102098
Olszak, M. A., Kowalska, I. (2022). Does bank competition matter for the effects of macroprudential policy on the procyclicality of lending? Journal of International Financial Markets, Institutions and Money, 76. DOI:10.1016/j.intfin.2021.101484