QAIDS Model Based On Russian Pseudo-panel Data: Impact of 1998 and 2008 Crises. - Henry Penikas; Maria Ermolova (EEML@CLA, 2016)

Basel regulation: A dangerous obsession. - Maria Ermolova; Henry Penikas (Model. Assist. Stat. Appl., 2017)

PD-LGD correlation study: Evidence from the Russian corporate bond market. - Maria Ermolova; Henry Penikas (Model. Assist. Stat. Appl., 2017)

The impact of PD-LGD correlation on bank capital adequacy in nongranular loan portfolio. - Maria Ermolova; Henry Penikas (Model. Assist. Stat. Appl., 2019)

Shadow Banking Under Capital Regulation and The Internal Ratings-Based Approach. - Maria Ermolova (ITQM, 2021)

Agent-based model of the Russian banking system: Calibration for maturity, interest rate spread, credit risk, and capital regulation. - Maria Ermolova; Andrey Leonidov; Vladimir Nechitailo; Henry Penikas; Nikolay Pilnik; Ekaterina Serebryannikova (J. Simulation, 2021)