Research

Papers

  • "Debt Maturity across Firm Types: Evidence from a Major Developing Economy". (with Cüneyt Orman). Emerging Markets Review, Vol. 30, 2017, pp. 169-199. (abstract). (Previously published as CBRT Working Paper No. 15/21)
  • "Anticipated vs. Unanticipated House Price Movements and Transaction Volume". (with Yavuz Arslan and Birol Kanık). Journal of Housing EconomicsVol. 28, 2015, pp. 121-129(abstract). (Previously published as CBRT Working Paper No. 15/11)
  • "Determinants of Capital Structure: Evidence from a Major Developing Economy". (with Cüneyt Orman). Small Business EconomicsVol. 44, No. 2, 2015, pp. 255-282(abstract(Previously published as CBRT Working Paper No. 14/26)
  • "Do Bank Stockholders Share the Burden of Required Reserve Tax? Evidence from Turkey". (with Mahir Binici). Emerging Markets Finance and Trade, Vol. 49, No. 4, 2013, pp. 47-72. (abstract) (Previously published as CBRT Working Paper No. 11/19)
  • "Market Risk of Developed and Emerging Countries During the Global Financial Crisis". (with Mehmet Orhan). Emerging Markets Finance and Trade, Vol. 49, No. 3, 2013, pp. 20-34. (abstract) (pdf - Working Paper version)
  • "Stock Return Comovement and Systemic Risk in the Turkish Banking System". (with Mahir Binici and Cüneyt Orman). Central Bank Review, Vol 13, Special Issue on Systemic Risk, 2013, pp.39-61. (Previously published as CBRT Working Paper No. 13/02).
  • "An Analysis of Intraday Patterns and Liquidity on the Istanbul Stock Exchange". Journal of BRSA Banking and Financial Markets, Vol. 6, No. 2, 2012, pp. 51-84. (pdf(Previously published as CBRT Working Paper No. 12/26)
  • "Is the Leverage of Turkish Banks Procyclical?", (with Mahir Binici). Central Bank Review, Vol. 12, No. 2, 2012, pp. 11-24. (Previously published as CBRT Economic Note No. 12/11)
  • "Political Business Cycles and Partisan Politics: Evidence from a Developing Economy", (with Ahmet Çalışkan). Economics & Politics, Vol. 24, No. 2, 2012, pp. 182-199. (abstract).
  • "A Comparison of GARCH Models for VaR Estimation", (with Mehmet Orhan), Expert Systems with Applications, Vol. 39, No. 3, 2012, pp. 3582-3592. (abstract). (pdf - Working Paper version)
  • "Determinants of Credit Booms in Turkey", (with Mahir Binici).  Central Bank of Turkey Economic Note No. 12/15, 2012. (in Turkish)
  • "NYSE Specialists’ Participation in the Posted Quotes",  European Journal of Economic and Political Studies, Vol. 4, No. 1, 2011, pp. 13-25. (pdf)
  • "Public Debt and Financial Development: Evidence from Turkey", (with Eyup Bastı), İktisat, İşletme ve Finans (Economics, Business, and Finance), Vol 26, No.299, 2011, pp. 9-42. (in Turkish with English summary)
  • "The Effect of Newer Drugs on Health Spending: Do They Really Increase the Costs?", (with Abdülkadir Civan), Health Economics, Vol 19, No.5, 2010, pp. 314-331. (abstract). (pdf - Working Paper version)
  • "Participation Strategy of the NYSE Specialists to the Posted Quotes", North American Journal of Economics and Finance, Vol 21, No.3, 2010, pp. 581-595. (abstract). (pdfWorking Paper version)
  • "An Analysis of the Shifts in the Voter Preferences in 2009 Turkish Local Elections", (with Abdulkadir Civan and Savaş Genç), İktisat, İşletme ve Finans (Economics, Business, and Finance), Vol 25, No.289, 2010, pp. 9-28. (abstract)
  • "Differences in Individual NYSE Specialists’ Performances and Strategies", Review of Financial Economics, Vol 19, No. 1, 2010, pp. 8-18. (abstract). (pdf - working paper version)
  • "A Comparison of Conditional Volatility Estimators for the ISE National 100 Index Returns", Journal of Economic and Social Research, Vol. 11, No. 2, 2009, pp. 1-29. (pdf)
  • "Participation Strategy of the NYSE Specialists to the Trades", Journal of Economic and Social Research, Vol. 10, No. 1, 2008, pp. 73-113. (pdf) 
Chapters in Books
  • "Participation Banks through the Perspective of Portfolio Diversification", in Financial Innovation and Participation Banking. Yabanlı, A., ed., The Participation Banks Associaton of Turkey, Publication No: 1, 2009, pp. 121-154. (in Turkish)
Proceedings
  • "How Deep is the Connection Between Turkish and European Union Economies?", Turkey and the European Union: Towards an Uneasy Membership, Hamburg , Oct. 2008, pp. 53-63.