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Orkun Saka

Orkun Saka is an Associate Professor of Economics at the City St George’s, University of London, a Visiting Senior Fellow at London School of Economics and Political Science (LSE) and a Research Affiliate at the CESifo Network.
Fiscal Policy

Term-Limited Leaders Are More likely To Respond to Financial Crises by Helping Banks—and Themselves—Over the Public

Orkun Saka
Financial crises routinely trigger sweeping overhauls of financial regulation, but whose interests do these reforms serve? In new research, Orkun Saka, Yuemei Ji, and Clement Minaudier find that political leaders facing term limits are much more likely to respond to financial crises by introducing reforms that benefit banks over the public or long-term financial stability. This phenomenon occurs more frequently in countries where the revolving door between politics and finance is common.
Culture & Society

How Do Cultural Stereotypes Spread Through Multinational Banks?

Barry Eichengreen
In new research, Barry Eichengreen and Orkun Saka find that trust, shaped by cultural stereotypes, partially determines how multilateral banks decide which countries’ sovereign...
Commentary

The Costs of Political Misalignment: Forest Fires and Bank Loans in Turkey

Orkun Saka
Recent wildfires in Turkey have not only destroyed more than 95,000 hectares of its coastal forestland but also divided the country further into its...
Covid-19

The Digital Divide During Epidemics: Who Benefits From New Financial Technologies?

Orkun Saka
A new paper finds that exposure to an epidemic in the current year significantly increases the likelihood that an individual completes financial transactions via...
Covid-19

The Covid-19 Vaccine is Nearly Here. The Question is: Will People Take It?

Barry Eichengreen
In addition to the challenges involved in manufacturing and distributing the new Covid vaccine from Pfizer, the reluctance of many Americans to take a...
Covid-19

Can Covid-19 Erode Young Individuals’ Trust in Politics for Decades to Come?

Cevat Giray Aksoy
A new study shows that exposure to an epidemic during one's “impressionable years” (18-25) has a persistent negative effect on trust in political institutions...
Covid-19

Revenge of the Experts: Will Covid-19 Diminish Trust in Science and Scientists?

Cevat Giray Aksoy
It is often argued that the Covid-19 pandemic will reverse the ongoing trend of diminishing trust in science and scientists. A new paper finds...

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