Orkun Saka

I am an Assistant Professor of Finance at the University of Sussex, a Visiting Fellow at the London School of Economics and Political Science (LSE) and a Research Associate at the Systemic Risk Centre. My main research interests are in financial intermediation, international finance and political economy. I tweet @_orkunsaka.

Personal Website

Publications

Opinion Pieces
Jul 2020
Thorsten Beck, Orkun Saka and Paolo Volpin
A rapidly expanding literature has shown the importance of political economy factors for legislative and regulatory actions in the financial sector and ultimately financial sector stability and efficiency. This column reports on recent research in...
Opinion Pieces
Jun 2020
Cevat G. Aksoy, Barry Eichengreen and Orkun Saka
What will be the political legacy of the COVID-19 pandemic? This column uses data from the 2006-2018 Gallup World Polls to show that epidemic exposure during an individual’s ‘impressionable years’ of 18 to 25 has a persistent negative effect on...
Discussion Papers
Jun 2020
DP 97
Cevat G. Aksoy, Barry Eichengreen and Orkun Saka
What will be the political legacy of the Coronavirus pandemic? We find that epidemic exposure in an individual’s “impressionable years” (ages 18 to 25) has a persistent negative effect on confidence in political institutions and leaders. We find...
Opinion Pieces
May 2020
Cevat G. Aksoy, Barry Eichengreen and Orkun Saka
It is argued that COVID-19 will reverse the ongoing trend of challenging the value of science and the integrity of scientists. This column shows that exposure to epidemics in one’s country of residence during the ‘impressionable years’ of ages 18 to...
Discussion Papers
May 2020
DP 96
Cevat G. Aksoy, Barry Eichengreen and Orkun Saka
An effect of the COVID-19 pandemic, it is sometimes suggested, will be to reverse the secular trend toward questioning the value of scientific research and expertise. We analyze this hypothesis by examining how exposure to previous epidemics...
Special Papers
Apr 2020
SP 19
Synthetic control method (SCM) is generally used for producing counterfactual scenarios in policy evaluations. In the light and urgency of the recent developments regarding the COVID-19 virus and the related human and economic losses, I propose a...
Opinion Pieces
Jan 2020
European banks have been criticised for holding too much domestic government debt during the recent euro area crisis, intensifying the doom loop between sovereign and bank credit risks. This column deviates from previous research that focused on '...
Discussion Papers
Jul 2019
DP 90
Orkun Saka, Nauro Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli
Financial crisis can trigger policy reversals, i.e. they can lead to a process of reregulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we...
Opinion Pieces
Jun 2019
Orkun Saka, Nauro Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli
Financial crises play a key role in changing existing policies concerning financial markets and institutions. This column provides new evidence for the negative impact of financial crises on the process of financial liberalisation. It also shows,...
Opinion Pieces
May 2019
Çağatay Bircan and Orkun Saka
Government ownership of banks can help solve credit market failures and stabilise the supply of credit over the business cycle. However, it can also end up serving political interests and lead to a misallocation of financial resources. This column...

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