Thesis Title: Three Essays on Financial Connectedness and Systemic Risk
Galatasaray University – M.A. in Economics (2014)
Thesis Title: Central Counterparty, Risk Management in Turkish Future Markets and Margining
Dokuz Eylul University – B.A. in Economics (2010)
Academic Experience
Koc University – Department of Economics
Post-Doc Researcher (September 2020 – Present)
Tusiad Economic Research Forum
Researcher (October 2019 – September 2020)
University of Pennsylvania – Department of Economics
Associate Visiting Scholar (January 2018 – August 2018)
Koc University – Research Project
Researcher (January 2016 – December 2016)
Project Title: Expanding the Frontiers of Financial and Real/Macroeconomic Connectedness
Koc University – Department of Economics
Teaching Assistant (February 2015 – June 2020)
Courses: Econometrics (Undergraduate and Graduate Levels), Time-Series Econometrics, International Finance, Monetary Economics
Working Papers
Polarized Politics of Pandemic Response and the Covid-19 Connectedness Across the U.S. States (with Kamil Yilmaz), Covid Economics, CEPR, Volume 57, 2020. (link) (VoxEU.org Article)
Beyond Connectedness: A Covariance Decomposition based Network Risk Model, Koc University Tusiad Economic Research Forum Working Papers No: 2003, February 2020. (link)
Bond Market Connectedness and Monetary Policy in the New Normal (with Kamil Yilmaz)
Measuring Connectedness of Turkish Banks Through Local & Global Crises (with Kamil Yilmaz)
Connectedness and Dynamic Hierarchical Factor Models (with C. Cakmakli and Kamil Yilmaz) (in progress)
An Alternative Identification for VAR Models through Directed Acyclical Graphs (in progress)
An Agent-based Simulation for Multi-Regional SIRD Model (with Kamil Yilmaz) (in progress)
Selected Academic Presentations
Covid-19 Modelling Workshop – Science Academy, Turkey (22 June 2020)
An Agent-based Simulation for Multi-Regional SIRD Model (with K. Yilmaz)
7th All-Istanbul Workshop – Kadir Has University, Turkey (13 May 2017)
Yield Curve Connectedness (with M.F. Karaca and K. Yilmaz)
25th Annual Symposium- SNDE, Paris, France (30 March 2017)
A Network Approach to Portfolio Risk Decomposition
SAP Central Bank Summit – SAP Inc, Waldorf, Germany (14 July 2016)
Decomposing Portfolio Risk into Idiosyncratic and Systematic Components
Professional Experience
Istanbul Stock Exchange Clearing and Settlement Bank Inc. (2012-2015)
Umut Akovalı