Anna Naszodi is a researcher in economics and finance affiliated with the Joint Research Centre of the European Commission. Previously she was a researcher at the Central Bank of Hungary. Her research interests include international macroeconomics and finance, banking and finance, derivatives and applied econometrics. She holds a PhD from the Central European University. See more at https://www.sites.google.com/site/annanaszodi/ or https://ideas.repec.org/e/pna172.html.