Research

Publications

House Prices, Collateral Effects and Sectoral Output Dynamics in Emerging Market Economies (with Berrak Bahadir), Journal of International Money and Finance, 129, (2022).

Transmission of Household and Business Credit Shocks in Emerging Markets: The Role of Real Estate (with Berrak Bahadir), Real Estate Economics, 49, 52, (2021), 587-617.

Does a forward-looking perspective affect self-control and the demand for commitment? Results from an educational intervention (with Sule Alan and Seda Ertac), Economic Inquiry, 59, 4, (2021), 1533-1546.

How Costly Are Borrowing Costs?: An Analysis of Alternative Fiscal Policies During CrisesMacroeconomic Dynamics, 21, 5, (2017), 1141-1157.

Credit Decomposition and Business Cycles in Emerging Market Economies (with Berrak Bahadir), Journal of International Economics, 103, (2016), 250-262.

The State of Property Development in Turkey: Facts and Comparisons, (with Seda Demiralp and Selva Demiralp), New Perspectives on Turkey, 55, (2016), 85-106.

The Relationship between Sovereign Spreads and International Reserves: Does the Exchange Rate Regime Matter?, Emerging Markets Finance and Trade, 52, 3, (2016), 658-673.

Fiscal Uncertainty and Currency Crises, Review of Development Economics, 19, 4, (2015), 957-970.

Real Exchange Rate Volatility and Business Cycles in Emerging Market Economies (with Zeren Tatar Taşpınar), Economics Letters, 134, (2015), 127-129.

Debt Denomination and Default Risk in Emerging MarketsMacroeconomic Dynamics, 17, 5, (2013), 1070-1095.

Exchange Rate Policy and Sovereign Spreads in Emerging Market EconomiesReview of International Economics, 19, 4, (2011), 649-663 (Appendix).

Working Papers

Does Relaxing Household Credit Constraints Hurt Small Business Lending? Evidence from a Policy Change in Texas (with Berrak Bahadir and Matthew Schaffer, revision requested)

Model-Based Estimation of Sovereign Default (with Junko Koeda )

The Effect of US Unconventional Monetary Policies on Bank Lending in Emerging Markets: Evidence from Turkey (with Tumer Kapan and Cihan Yalçın)