Research
Financial Intermediation · International Finance · Political Economy
Working Papers / Academic Publications
8. Cultural stereotypes of multinational banks (2023) [NBER] [CEPR] [SRC] [City] [EIQ] [CESifo]
Submitted working paper (with Barry Eichengreen)
featured (among others) on VoxEU, LSE Business Review, LSE Research for the World, ProMarket, The Banker and VoxTalks Economics (Podcast).
7. Financial policymaking after crises: Public vs. private interests (2023) [CEPR] [SRC] [BOFiT] [CESifo]
Submitted working paper (with Yuemei Ji and Paul De Grauwe)
featured (among others) on VoxEU, LSE Business Review, LSE EUROPP, Financial Times, Deutsche Welle (DW), Arab News and World Finance.
6. The Political scar of epidemics (2023) [Publication] [NBER] [CEPR] [SRC] [EBRD] [IZA] [BOFiT] [CESifo]
Forthcoming at The Economic Journal (with Barry Eichengreen and Cevat Giray Aksoy)
featured (among others) on VoxEU, LSE Business Review, LSE EUROPP, ProMarket, Government Executive (Podcast), Pocket Dilemmas (Podcast), Bloomberg (Podcast), Daily Mail, The Telegraph, Euronews, Mint, Anadolu Agency, Project Syndicate, BBC News, Daily Sabah, The Guardian, South China Morning Post, The Washington Post, Financial Post and Financial Times.
5. Epidemic exposure, financial technology, and the digital divide (2022) [Publication] [NBER] [CEPR] [SRC] [EBRD] [BOFiT] [CESifo]
Journal of Money, Credit and Banking (with Barry Eichengreen and Cevat Giray Aksoy), Vol. 54, p. 1913-1940.
featured (among others) on VoxEU, LSE Business Review, LSE Covid-19 Blog, ProMarket and KCL News Centre.
4. Lending cycles and real outcomes: Costs of political misalignment (2021) [Publication] [SRC] [EBRD] [BOFiT] [LEQS] [CESifo]
The Economic Journal, (with Cagatay Bircan), Vol. 131, Issue 639, p. 2763–2796.
featured (among others) on VoxEU, RES, ERF, LSE Business Review, LSE EUROPP, BBC News (1), BBC News (2), Reuters and Bloomberg.
3. Revenge of the experts: Will COVID-19 renew or diminish public trust in science? (2021) [Publication] [NBER] [CEPR] [SRC] [EBRD] [IZA] [CESifo]
Journal of Public Economics, (with Barry Eichengreen and Cevat Giray Aksoy), Vol. 193, 104343.
featured (among others) on VoxEU, IZA World of Labor, LSE Business Review, LSE EUROPP, ProMarket, Frankfurter Allgemeine, Times Higher Education, Research Professional, RPP Noticias, PHYS.ORG, NZ Herald, Fortune, Wall Street Journal and Forbes.
2. Domestic Banks as lightning rods? Home bias and information during the Eurozone crisis (2020) [Publication] [SSRN] [SRC] [BoF] [LEQS] [CESifo]
Journal of Money, Credit and Banking, Vol. 52, p. 273-305.
featured (among others) on VoxEU, CEPS, RES, LSE Business Review, LSE EUROPP and World Economic Forum.
1. ECB policy and Eurozone fragility: Was De Grauwe right? (2015) [Publication] [SSRN]
Journal of International Money and Finance, (with Ana-Maria Fuertes and Elena Kalotychou), Vol. 54, p. 168-185.
featured (among others) on VoxEU, CassKnowledge, CEPS and World Economic Forum.
Book / Report Chapters
9. How will Covid-19 affect trust in the European Union? (2023) [Publication]
(with Barry Eichengreen and Cevat Giray Aksoy), European Commission, Directorate-General for Economic and Financial Affairs, Székely, I., Ratto, M., A new era for Europe. Volume II, Emerging challenges, Székely, I.(editor), Ratto, M.(editor), Publications Office of the European Union.
8. Digital divides during epidemics: Evidence from the adoption of fintech (2021) [Publication]
(with Cevat Giray Aksoy), EBRD Transition Report 2021-22, Chapter 4. Box 4.3.
7. The "dark side" of state banks (2020) [Publication]
(with Cagatay Bircan), EBRD Transition Report 2020-21, Chapter 3. Box 3.1.
6. Synthetic forecasting method for COVID-19: Applications to UK and Turkey (2020) [Publication]
Systemic Risk Centre Special Papers, No. 19.
5. Structural reforms in Europe: Lessons from early experiences (2020) [Publication]
(with Nauro Campos, Paul De Grauwe, Michael Ganslmeier, Yuemei Ji & Angelo Martelli), In Campos, N., De Grauwe, P. & Ji, Y. (Eds) 'Structural Reforms and Economic Growth in Europe', Cambridge University Press.
4. Labour market regulation and tax reforms in the EU: What works? Issues of sequencing and complementarity (2020) [Publication]
(with Nauro Campos, Michael Ganslmeier, Yuemei Ji & Angelo Martelli), In Campos, N., De Grauwe, P. & Ji, Y. (Eds) 'Structural Reforms and Economic Growth in Europe', Cambridge University Press.
featured (among others) on LSE Business Review.
3. Financial crises and reforms: Progress or reversals? (2020) [Publication] [CEPR] [IZA] [SRC]
(with Nauro Campos, Paul De Grauwe, Yuemei Ji & Angelo Martelli), In Campos, N., De Grauwe, P. & Ji, Y. (Eds) 'Structural Reforms and Economic Growth in Europe', Cambridge University Press.
featured (among others) on VoxEU, LSE EUROPP and LSE Business Review.
2. Elections and economic cycles: What can we learn from the recent Turkish experience? (2019) [Publication]
(with Cagatay Bircan), In Atiyas, I., Diwan, I. & Malik, A. (Eds), 'Crony Capitalism in the Middle East', Oxford University Press.
1. Firm dynamics and productivity (2017) [Publication]
(with Cagatay Bircan), EBRD Transition Report 2017-18, Chapter 2.