Orkun Saka

  • Permalink Gallery

    Young people exposed to an epidemic have less trust in political institutions for the rest of their lives

Young people exposed to an epidemic have less trust in political institutions for the rest of their lives

What impact will the Covid-19 outbreak have on levels of political trust? Cevat Giray Aksoy, Barry Eichengreen and Orkun Saka find that individuals who experience epidemics in their impressionable years display less confidence in political leaders, governments, and elections for the rest of their lives.
It is widely argued (here, for instance) that the keys to success in dealing with Covid-19 […]

Print Friendly, PDF & Email
Share
  • Permalink Gallery

    What past epidemics tell us about public trust in science – and scientists

What past epidemics tell us about public trust in science – and scientists

The Covid-19 pandemic will have major implications for public trust in scientific expertise. But will this effect be positive or negative, and will it affect trust in individual scientists or science more broadly? Cevat Giray Aksoy, Barry Eichengreen and Orkun Saka write that people aged 18 to 25, whose core beliefs are still being formed, are likely to suffer the […]

Print Friendly, PDF & Email
Share
  • Permalink Gallery

    There is a good reason for EU banks to hold their own country’s sovereign debt

There is a good reason for EU banks to hold their own country’s sovereign debt

The so called ‘moral suasion’ hypothesis indicates that governments may implicitly force their domestic banks to hold a larger chunk of government bonds when they experience stress. But is this reason to shift responsibilities from national to supranational institutions? Orkun Saka argues that there is in fact a good reason for EU banks to hold their own country’s sovereign […]

Print Friendly, PDF & Email
Share
  • Permalink Gallery

    Financial crises and the dynamics of financial de-liberalisation

Financial crises and the dynamics of financial de-liberalisation

Financial crises play a key role in changing existing policies concerning financial markets and institutions. Orkun Saka, Nauro Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli provide new evidence for the negative impact of financial crises on the process of financial liberalisation. They also show that such interventions are only temporary and that the liberalisation process restarts quickly […]

Print Friendly, PDF & Email
Share

How state-owned banks in Turkey support the ruling party

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. Çağatay Bircan and Orkun Saka provide new evidence that state-owned banks systematically engage in tactical redistribution of credit in line with the […]

Print Friendly, PDF & Email
Share