Biliana Alexandrova-Kabadjova

Biliana Alexandrova-Kabadjova has been working at the Banco de México since 1997 and currently she is a payment systems analyst. She is a member of the Mexican National System of Researchers since 2009 and is a Visiting Fellow at the University of Essex. Her main contribution has been to build the most advanced model (in terms of complexity and realism) of the payment card market. Further, in relation to financial market infrastructures, she has developed a framework under which one can learn about how the intraday liquidity flows. Alexandrova-Kabadjova has published several refereed journal papers and book chapters, and has co-edited the books Simulation in Computational Finance and Economics: Tools and Emerging Applications and Analyzing the Economics of Financial Market Infrastructures. She obtained her first degree with honors on Information Systems at the Instituto Tencologico y de Estudios Superiores de Monterrey, CCM in 1996. She received her Ph.D. in Computational Finance from the CCFEA from the University of Essex, UK in 2007. Her main research interests are in intraday liquidity, network analysis of market infrastructures and in agent-based computational economics.

Publications

Analyzing the Economics of Financial Market Infrastructures
Analyzing the Economics of Financial Market Infrastructures
Martin Diehl, Biliana Alexandrova-Kabadjova, Richard Heuver, Serafín Martínez-Jaramillo. © 2016. 410 pages.
The prosperity and stability of any economic structure is reliant upon a foundation of secure systems that regulate the movement of money across the globe. These structures have...
Intraday Liquidity Flows within the Financial Market Infrastructures in Mexico
Intraday Liquidity Flows within the Financial Market Infrastructures in Mexico
Biliana Alexandrova-Kabadjova, Liliana Garcia-Ochoa, Ronald Heijmans, Antoaneta Serguieva. © 2016. 17 pages.
In this chapter, the authors present a methodology to study the flow of funds in large-value payment systems (LVPSs). The algorithm presented differentiates the flow of payments...
The Adoption Process of Payment Cards: An Agent-Based Approach
The Adoption Process of Payment Cards: An Agent-Based Approach
Biliana Alexandrova-Kabadjova, Sara G. Castellanos-Pascacio, Alma L. Garcia-Almanza. © 2015. 25 pages.
The authors investigate the payment adoption rate under consumers' and merchants' awareness of network externalities, given two levels of interchange fees in a...
Simulation in Computational Finance and Economics: Tools and Emerging Applications
Simulation in Computational Finance and Economics: Tools and Emerging Applications
Biliana Alexandrova-Kabadjova, Serafin Martinez-Jaramillo, Alma Lilia Garcia-Almanza, Edward Tsang. © 2013. 378 pages.
Simulation has become a tool difficult to substitute in many scientific areas like manufacturing, medicine, telecommunications, games, etc. Finance is one of such areas where...
The Adoption Process of Payment Cards: An Agent-Based Approach
The Adoption Process of Payment Cards: An Agent-Based Approach
Biliana Alexandrova-Kabadjova, Sara G. Castellanos Pascacio, Alma L. García-Almanza. © 2013. 28 pages.
The authors investigate the payment adoption rate under consumers’ and merchants’ awareness of network externalities, given two levels of interchange fees in a multi-agent card...
Managing Intraday Liquidity: The Mexican Experience
Managing Intraday Liquidity: The Mexican Experience
Biliana Alexandrova-Kabadjova, Francisco Solís-Robleda. © 2013. 18 pages.
The present chapter calculates the liquidity usage of the Mexican Real Time Settlement Payment System, SPEI, during a one month period. In particular, the authors’ interest is to...
Using Genetic Programming Systems as Early Warning to Prevent Bank Failure
Using Genetic Programming Systems as Early Warning to Prevent Bank Failure
Alma Lilia Garcia Almanza, Serafín Martínez Jaramillo, Biliana Alexandrova-Kabadjova, Edward Tsang. © 2012. 14 pages.
The main advantage of creating understandable rules is that users are able to interpret and identify the events that may trigger bankruptcy. By using the method that we propose...