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Data initiative
About Bank of Lithuania Datasets
Researchers at the Bank of Lithuania have access to micro-level data collected by the Bank of Lithuania. Examples of such datasets are the Household Financial Monitoring Information System (HFMIS) and the Loan Risk Database (LRD).
Household Financial Monitoring Information System
The Household Financial Monitoring Information System (HFMIS) was originally devised to track household debt performance after the financial crisis in Lithuania. Ten years after the crisis, it provides a unique perspective not only on how household loans have fared in Lithuania on a quarterly basis since 2003 but also on the distribution of borrowers and lenders. In contrast to the most of other datasets on household finance, the HFMIS provides administrative information on household loans, payment history, household income and demographic characteristics. Due to the changing landscape of the lending sector in Lithuania, since 2016 the dataset covers both loans extended by traditional financial institutions and loans from consumer credit issuers and peer-to-peer lending platforms.
Loan Risk Database
The Bank of Lithuania has been collecting and administering records for the Loan Risk Database (LRD) since 1995. The database is used to inform macroprudential policy and evaluate credit risk for deposit-taking corporations and other financial institutions. The LRD has extensive information on loan characteristics and loan payment history. This information along with panel data is what makes the LRD valuable for economic and financial research.
To learn more about data available to the Bank of Lithuania researchers click here.
Internship at CEFER
The CEFER internship programme aims to guide interns through the process of writing academic research papers in the field of economics.
At CEFER our research focuses on a diverse range of topics, including macro-finance, banking and international economics.
CEFER invites students studying in Lithuania and abroad to apply for an internship position.
Eligible candidates
- Master’s degree students or having at least a Bachelor’s degree in Economics, Statistics, Mathematics, Finance or another related field
- Ambitious and willing to contribute to one or several CEFER research projects
- Excellent written and verbal skills in English
Considered advantages
- Knowledge of one or several statistical software (e.g. R, Matlab, Eviews, Stata)
- Enrolment in a PhD programme
Internship-related tasks will depend on the intern’s level of experience, education and will be assigned and discussed at the start of the programme.
How to apply
In order to apply, please send your application (in English) by email to [email protected] with the following attachments:
- CV
- Motivational letter
- Academic statement/record of courses you have passed and your average grade
In the application letter, the following should be specified:
- Area or topic you wish to concentrate on during the internship, with a detailed description
- A short description of research papers (including term papers, Bachelor’s or Master’s thesis), should you have already written any
Please provide the contacts of a university professor/course instructor willing to give their recommendation regarding your internship.
Applications will be considered on a rolling basis and usually last for up to four months with a possibility to extend the term.
Other activities
Awards
In order to encourage high-quality research in Lithuania, CEFER and the Bank of Lithuania grant two awards annually for scientific activities: the Vladas Jurgutis Award (EUR 10 thousand) and the Bank of Lithuania Award for Dissertation in the Field of Economics (EUR 5 thousand).
The Vladas Jurgutis Award pays tribute to Prof. Vladas Jurgutis, the first Governor of the Bank of Lithuania, and his merits to banking in Lithuania. The Award is granted for significant scientific research works of Lithuanian economists or foreign economists linked with Lithuanian education institutions carried out within the last five years – published scientific papers, monographs or books. Priority is given to the following subjects: activities of the central bank, monetary policy, macroprudential policy, payments and settlements, investment and other subjects related to the activities of the Bank of Lithuania.
The Bank of Lithuania Award for Dissertation in the Field of Economics is granted to honour the authors of the best dissertations in economics or related fields, defended over the last two years until August 1 of the current year. Priority is given to the following subjects: activities of the central bank, monetary policy, macroprudential policy, payments and settlements, investment, etc.
For more information on past awards and details on how to apply, click here.
Editorial activities
CEFER researchers are involved in editing and refereeing peer-reviewed academic journals such as the Baltic Economic Journal.
Networks
CEFER is part of NERO, a network of National Economic Research Organisations.
Partners
CEFER is proud to have the following partners:
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