skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

TheEconomists

Photo of Bora Durdu
202-452-3755
bora.durdu@frb.gov
Education
  • Ph.D., Economics, University of Maryland, 2006
  • M.A., Economics, University of Maryland, 2004
  • B.S., Industrial Engineering, Bilkent University, 2001
  • Current Research Topics

  • Emerging Markets, Sovereign Debt
  • Informational Frictions, Role of Banks
    • Economist

      Board of Governors of the Federal Reserve System

    • 2007 - present
    • Adjunct Professor

      Georgetown University

    • 2010 - present
    • Economist

      Congressional Budget Office

    • 2006 - 2007
    • Dissertation Intern

      Board of Governors of the Federal Reserve System

    • 2005
    • Ph.D. Intern

      Bank of England

    • 2004
  • Durdu, Ceyhun Bora, Ricardo Nunes, and Horacio Sapriza (2010). "News and Sovereign Default Risk in Small Open Economies," International Finance Discussion Papers 997. Board of Governors of the Federal Reserve System (U.S.).
  • Boz, Emine, Ceyhun Bora Durdu, and Nan Li (2009). "Labor Market Search in Emerging Economies," International Finance Discussion Papers 989. Board of Governors of the Federal Reserve System (U.S.).
  • Durdu, Ceyhun Bora, Enrique G. Mendoza, and Marco E. Terrones (2009). "On the Solvency of Nations: Are Global Imbalances Consistent with Intertemporal Budget Constraints?" International Finance Discussion Papers 975. Board of Governors of the Federal Reserve System (U.S.).
  • Boz, Emine, Christian Daude, and Ceyhun Bora Durdu (Forthcoming). "Emerging Market Business Cycles Revisited: Learning about the Trend," Journal of Monetary Economics.
  • Durdu, Ceyhun Bora, Enrique G. Mendoza, and Marco E. Terrones (2009). "Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism," Journal of Development Economics, vol. 89, no. 2, pp. 194-209.
  • Durdu, Ceyhun Bora, and Serdar Sayan (forthcoming). "Emerging Market Business Cycles with Remittance Fluctuations," International Monetary Fund Staff Papers.
  • Durdu, Ceyhun Bora (2009). "Quantitative Implications of Indexed Bonds in Small Open Economies," Journal of Economic Dynamics and Control, vol. 33, no. 4, pp. 883-902.
  • Durdu, Ceyhun Bora, and Enrique G. Mendoza (2006). "Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff," Journal of International Economics, vol. 69, no. 1, pp. 84-119.
  • Durdu, Ceyhun Bora (2011). "Review of 'Emerging Markets Resilience and Growth Amid Global Turmoil' by M. Ayhan Kose and Eswar S. Prasad," Journal of International Economics, vol. 85, no. 1, pp. 160-162.
  • Mendoza, Enrique G., and Ceyhun Bora Durdu (2004). "Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees," Pacific Basin Working Paper Series 2004-33. Federal Reserve Bank of San Francisco.
  • Boz, Emine, Christian Daude, and Ceyhun Bora Durdu (2008). "Emerging Market Business Cycles Revisited: Learning about the Trend," International Finance Discussion Papers 927. Board of Governors of the Federal Reserve System (U.S.).
  • Durdu, Ceyhun Bora, and Serdar Sayan (2008). "Emerging Market Business Cycles with Remittance Fluctuations," International Finance Discussion Papers 946. Board of Governors of the Federal Reserve System (U.S.).
  • Durdu, Ceyhun Bora (2007). "Quantitative Implications of Indexed Bonds in Small Open Economies," International Finance Discussion Papers 909. Board of Governors of the Federal Reserve System (U.S.).
  • Durdu, Ceyhun Bora, Enrique G. Mendoza, and Marco E. Terrones (2007). "Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism," International Finance Discussion Papers 911. Board of Governors of the Federal Reserve System (U.S.).
  • Durdu, Ceyhun Bora, Enrique G. Mendoza, and Marco E. Terrones (2007). "Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism," NBER Working Papers 13123. National Bureau of Economic Research, Inc.
  • Durdu, Ceyhun Bora, Marco Terrones, and Enrique G. Mendoza (2007). "Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism," IMF Working Papers 07/146. International Monetary Fund.
  • Durdu, Ceyhun Bora, and Enrique G. Mendoza (2006). "Are Asset Price Guarantees Useful for Preventing Sudden Stops? A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff," IMF Working Papers 06/73. International Monetary Fund.
  • Durdu, Ceyhun Bora, and Enrique G. Mendoza (2005). "Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff," NBER Working Papers 11178. National Bureau of Economic Research, Inc.
  • Mendoza, Enrique G., and Ceyhun Bora Durdu (2004). "Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees," NBER Working Papers 10790. National Bureau of Economic Research, Inc.
  • conference

    2011

    Challenges in Open-Economy Macroeconomics after the Financial Crisis organized by the Federal Reserve Bank of St. Louis

    News and Sovereign Default Risk in EMEs

  • conference

    2011

    Summer Meetings of Econometric Society

    News and Sovereign Default Risk in EMEs

  • conference

    2011

    Society for Nonlinear Dynamics and Econometrics Meetings

    News and Sovereign Default Risk in EMEs

  • conference

    2010

    Sovereign Debt Conference Hertie School, Berlin, Germany

    News and Sovereign Default Risk in EMEs

  • seminar

    2010

    Federal Reserve Board

    News and Sovereign Default Risk in EMEs

  • seminar

    2011

    Federal Reserve Bank of New York

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2011

    Federal Reserve Bank of Dallas

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2010

    Federal Reserve Bank of Philadelphia

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2010

    Georgetown University

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • conference

    2010

    Society for Economic Dynamics

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2010

    World Bank

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2009

    Institute for Advanced Studies, Vienna, Austria

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2009

    Singapore Management University

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2009

    National University of Singapore

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2009

    the Central Bank of Turkey

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2009

    the Bank of Canada

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2009

    International Monetary Fund

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2009

    Inter American Development Bank

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • seminar

    2009

    Federal Reserve Board

    Emerging Market Business Cycles: the Role of Labor Market Frictions

  • conference

    2009

    Summer Meetings of Econometric Society

    On the Solvency of Nations: Are Global Imbalances Consistent with IBCs?

  • seminar

    2008

    Federal Reserve Board

    On the Solvency of Nations: Are Global Imbalances Consistent with IBCs?

  • conference

    2011

    ASSA Meetings

    Emerging Market Business Cycles: Learning About the Trend

  • conference

    2009

    NBER IFM Spring Meetings

    Emerging Market Business Cycles: Learning About the Trend

  • conference

    2008

    System Committee Meetings

    Emerging Market Business Cycles: Learning About the Trend

  • conference

    2008

    15th World Congress of the International Economic Association

    Emerging Market Business Cycles: Learning About the Trend

  • conference

    2008

    Midwest Macro Meetings, Philadelphia, Pennsylvania

    Emerging Market Business Cycles: Learning About the Trend

  • conference

    2010

    Midwest Macro Meetings, East Lansing, Michigan

    Emerging Market Business Cycles: Learning About the Trend

  • seminar

    2008

    Duke University

    Emerging Market Business Cycles: Learning About the Trend

  • seminar

    2008

    Ohio State University

    Emerging Market Business Cycles: Learning About the Trend

  • seminar

    2008

    Rutgers University

    Emerging Market Business Cycles: Learning About the Trend

  • seminar

    2007

    Federal Reserve Board

    Emerging Market Business Cycles: Learning About the Trend

  • conference

    2008

    European Meetings of the Econometric Society, Milan, Italy

    Precautionary Demand for Foreign Assets in Sudden Stop Economies

  • conference

    2008

    Society for Economic Dynamics

    Precautionary Demand for Foreign Assets in Sudden Stop Economies

  • conference

    2008

    15th World Congress of the International Economic Association

    Precautionary Demand for Foreign Assets in Sudden Stop Economies

  • conference

    2007

    NBER IFM Fall Meetings

    Precautionary Demand for Foreign Assets in Sudden Stop Economies

  • conference

    2007

    New Perspective on Financial Globalization, IMF-Cornell

    Precautionary Demand for Foreign Assets in Sudden Stop Economies

  • seminar

    2007

    Congressional Budget Office

    Precautionary Demand for Foreign Assets in Sudden Stop Economies

  • conference

    2007

    Society for Computational Economics

    Precautionary Demand for Foreign Assets in Sudden Stop Economies

  • conference

    2008

    Remittances and the Macroeconomy Conference, Federal Reserve Bank of Atlanta

    Emerging Market Business Cycles with Remittance Fluctuations

  • conference

    2007

    Society for Economic Dynamics

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • conference

    2006

    Society for Computational Economics

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2006

    Federal Reserve Bank of Dallas

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2006

    Congressional Budget Office

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2006

    TOBB ETU

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2006

    Bilkent University

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2006

    Sabanci University

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2006

    Koc University

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2006

    the Central Bank of Turkey

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2005

    Federal Reserve Board

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2005

    University of Maryland

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • conference

    2005

    Inter-University Conference, Princeton University

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • seminar

    2004

    Bank of England

    Quantitative Implications of Indexed Bonds in Small Open Economies

  • conference

    2004

    Emerging Markets and Macroeconomic Volatility Conference, Federal Reserve Bank of San Francisco

    Are Asset Price Guarantees Useful for Preventing Sudden Stops?

  • conference

    2005

    Midwest Macro Meetings

    Are Asset Price Guarantees Useful for Preventing Sudden Stops?

  • seminar

    2005

    University of Maryland

    Are Asset Price Guarantees Useful for Preventing Sudden Stops?

  • seminar

    2004

    Bank of England

    Are Asset Price Guarantees Useful for Preventing Sudden Stops?

Awards

  • 2006

    Society for Computational Economics

    First Prize, the Student Prize Competition

  • 2005

    Federal Reserve Board

    Dissertation Internship

  • 2005

    Department of Economics, University of Maryland

    Summer Research Grant

  • 1997

    Bilkent University

    Merit Scholarship

Referee

  • Journal of Monetary Economics
  • Journal of International Economics
  • Journal of Money Credit and Banking
  • Journal of Development Economics
  • Review of Economic Dynamics
  • European Economic Review
  • B.E. Journal of Macroeconomics
  • Journal of International Money and Finance
  • Macroeconomic Dynamics
  • Economic Letters
  • Canadian Journal of Economics
  • Quarterly Review of Economics and Finance
  • Review of International Economics
  • International Review of Economics and Finance
  • CUNY Research Grant
  • METU Studies in Development

Professional Affiliation

  • Research Affiliate, TUSIAD-KOC University Economic Research Forum, 2010-present
Skip stay connected section
Last update: March 30, 2012