TheEconomists
![Photo of Bora Durdu](https://webarchive.library.unt.edu/web/20120925033459im_/http://www.federalreserve.gov/econresdata/gifjpg/bora-durdu.jpg)
202-452-3755
bora.durdu@frb.gov
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
Fields of Interest
Professional Experience
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
Publications
- 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.
Presentations
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?
Other Activities
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
Last update:
March 30, 2012