CEE 2011 Annual Conference

Rectorate Conference Hall (A) & Washburn Hall, Heritage Room (B)

Boğaziçi University, Istanbul

08:30 - 10:30 - Session A1: Banking and Competition

Chair: Levent Yıldıran (Boğaziçi University)

• Efthymios Tsionas, Athens University of Economics and Business (with Mohammed Shaban, University of Leicester)

  “Banking Competition and the Lending Channel”

• Didar Erdinç, American University in Bulgaria

  “Monetary Transmission and Bank Lending Under Currency Board”

• Ahmet Faruk Aysan, Boğaziçi University (with Levent Yıldıran, Boğaziçi University; Güzin Gülsün Akın, Boğaziçi University; Serap Özçelik, Boğaziçi University)

  “Determinants of Customer Satisfaction in the Turkish Credit Card Market”

• Levent Yıldıran, Boğaziçi University (with Güzin Gülsün Akın, Boğaziçi University; Ahmet Faruk Aysan, Boğaziçi University; Şebnem İleri, Borsa İstanbul)

  “Demand, Competition and Welfare Analysis in the Turkish Banking Sector”

• Enes Sünel, Central Bank of the Republic of Turkey (with Temel Taşkın, Central Bank of the Republic of Turkey)

  “Required Reserves as a Credit Policy Tool”

Session B1: Financial Markets

Chair: Güzin Gülsün Akın (Boğaziçi University)

• Ahmet Duran,  Istanbul Technical University

  “Spectral Analysis of Time-Dependent Market-Adjusted Return Correlation Matrix: An Analysis of S&P 500 listed firms”

• Kağan Parmaksız, Middle East Technical University

  “Optimal Fiscal Policy with Default Option over the Business Cycle”

• Mehmet Uğur, University of Greenwich (with Nawar Hashem, University of Greenwich)

  "Product-Market Competition, Corporate Governance and Innovation: Evidence on US-listed Firms”

• Derya Taş, University of Southampton

  “Subjective Stock Market Expectations and Portfolio Choice”

• Yavuz Arslan, Central Bank of the Republic of Turkey

  “Optimal Information Policy”

10:30-10:45 - Coffee Break

10:45- 12:45 - Session A2: Growth, Productivity and Employment

Chair: Ceyhun Elgin (Boğaziçi University)

• Mustafa Ismihan, Atılım University

  “A New Framework for Output-unemployment Relationship: Okun's Law Revisited”

• Oğuz Öztunalı, Boğaziçi University (with Ceyhun Elgin, Boğaziçi University)

  “Shadow Economy and the Environment”

• Emekcan Yücel, Boğaziçi University (with Ceyhun Elgin, Boğaziçi University)

  “Leisure and the Informal Sector”

• Tolga Umut Kuzubaş, Boğaziçi University (with Ceyhun Elgin, Boğaziçi University)

  "Wage-Productivity Gap in OECD Economies: Theory and Evidence from Panel-VAR”

•  Murat Koyuncu, Boğaziçi University (with Stephen Turnovsky, University of Washington)

  “Growth and Income Inequality under Progressive Taxation”

10:45- 12:45 - Session B2: Macroeconomic Balances

Chair: Gökhan Özertan (Boğaziçi University)

• Abdullah Yalaman, Eskişehir Osmangazi University (with Mardi Dungey, University of Tasmania;  Jet Holloway, University of Tasmania)

  “Characterizing Financial Crises through Spectrum of High Frequency Data”

• Mehmet Hüseyin Bilgin, Istanbul Medeniyet University (with Gökhan Karabulut,  İstanbul University; Giray Gözgör, Doğuş University)

  “Purchasing Power Parity Hypothesis: Evidence from Eastern Europe Emerging Markets”

• Necati Tekatlı, Central Bank of the Republic of Turkey (with Gönül Çolak, Florida State University)

  "Comovements in Corporate Waves”

• Yavuz Arslan, Central Bank of the Republic of Turkey (with Mustafa Kılınç, Central Bank of the Republic of Turkey; İbrahim Turhan, Central Bank of the Republic of Turkey)

  “Global Imbalances, Current Account Rebalancing and Exchange Rate Adjustments”

12:45-13:45 - Lunch, Kennedy Lodge

13:45- 15:45 - Session A3: Financial Risk and Housing

Chair: Ahmet Faruk Aysan (CBRT & Boğaziçi University)

• Mustada Dişli, Koen Schoors (with Iris Vermeir, University of Gent)

  “Bank Rebranding and Depositor Loyalty”

• Orhan Erem Ateşağaoğlu, Stony Brooks University (with Alexis Anagnostopulos, Stony Brook University; Eva Carceles-Poveda, Stony Brook University)

  “Skill-Biased Technological Change and Homeownership”

• Haluk Çitçi, Sabancı University (with Eren İnci, Sabancı University)

  “The Masquerade Ball of the CEO's and the Mask of Excessive Risk”

• Orhan Erdem, Istanbul Bilgi University (with Ali Coşkun, Boğaziçi University)

  “Analysis of Housing Demand”

Session B3: Banking and Regulation

Chair: Tolga Umut Kuzubaş (Boğaziçi University)

• Emre Özsöz, Fordham University (with Ahmet Faruk Aysan, Boğaziçi University; Erick Rengifo, Fordham University)

  “Securitization in Turkish Banking System”

• Deniz Kozanoğlu, GATE-LSE - Université Jean Monnet

  “Towards the Emergence of Regulation Structures on the Before and After Crisis Soundness of Banking Sector: A Cross-Country Perspective”

• Nihat Gümüş, Istanbul Bilgi University

  “Exploring the Effect of Regulation Structures on the Before and After Crisis Soundness of Banking Sector: A Cross-Country Perspective”

• İsmail Genç, American University of Sharjah (with George Naufal, American University of Sharjah; Ali Termos, American University Beirut)

  “Do Remittances Affect Inflaton in the Remitting Country?”

• Bülent Eşiyok, University of Greenwich (with Mehmet Uğur, University of Greenwich)

  “Provincial-Level Economic Governance Quality and FDI: Evidence on Vietnam Using a Spatial Autoregressive Model”

15:45-16:00 - Coffee Break

16:00- 18:00 - Session A4: Turkish Economy

Chair: Burak Saltoğlu (Boğaziçi University)

• Ege Yazgan, Istanbul Bilgi University (with Hüseyin Kaya, Bahçeşehir University)

  “Forecasting of Macro Aggregates in Turkish Economy”

• Orhan Erdem, Istanbul Bilgi University (with Yusuf Varlı, Istanbul Bilgi University)

  “Understanding the Sovereign credit Ratings of Turkey”

• Öner Günçavdı, Istanbul Technical University (with Fuat Erdal, Istanbul Technical University)

  “Financial and Real Source of Misalignments in Turkish Lira: Does Good Macroeconomic Governance Matter?”

• Hüseyin Öztürk, Hacettepe University (with Murat Ertuğrul, Hacettepe University)

  “The Determinants of Turkish CDS Price Volatility: Local or International Oriented?”

• Ümit Özlale, TOBB ETU

  “Structural Budget Balance Estimation for Turkish Economy”

Session B4: Growth, Development and Business Cycles

Chair: Murat Koyuncu (Boğaziçi University)

• Nihal Bayraktar, Penn State University (with Blanca Moreno-Dodson, World Bank)

  “Public Spending, Its Components and Growth”

• İnci Gümüş, Sabancı University (with Berrak Bahadır, University of Georgia)

  “Credit Decomposition and Business Cycles”

• Ceyhun Elgin, Boğaziçi University (with Rasim Burak Uras, Tilburg University)

  “Is Informality a Barrier to Financial Development?”

• Mehmet Babacan, University of Istanbul Chamber of Commerce

  “The Role of Governance in International Trade”

• Orhan Torul, University of Maryland

  “Higher Education in a Heterogeneous-Agent Economy: Revisiting the Transatlantic Differences”

18:00-18:30 - Coffee Break