Photographer: Ineke Oostveen

dr. T. (Tanju) Yorulmazer


  • Faculty of Economics and Business
    Sectie Finance
  • Visiting address
    REC M
    Plantage Muidergracht 12  Amsterdam
    Room number: M3.16
  • Postal address:
    Postbus  15953
    1001 NL  Amsterdam
  • T.Yorulmazer@uva.nl
    T: 0205257164

Position

Professor of Financial Institutions, Markets and Regulation

Research Interests

Financial Economics, Financial Institutions, Banking, Liquidity

Education

Ph.D. in Economics, New York University, 2003

Thesis: Essays on Bank Runs, Contagion and Systemic Risk

Committee: Douglas Gale (Chair), Franklin Allen, Andrew Schotter

 

Bank Capital Structure, Firesales, and the Social Value of Deposits (with Douglas Gale)

 

A Theory of Collateral for the Lender of Last Resort (with Dong Beom Choi and Joao Santos)

 

On the Financing of Loss-Absorbing Claims: Financial Markets, Short-Term Debt, and Information Contagion (with Stephan Luck and Paul Schempp)

 

Watering a Lemon Tree: Heterogeneous Risk Taking and Monetary Policy Transmission (with Dong Beom Choi and Thomas Eisenbach)

 

Has Financial Innovation Made the World Riskier? CDS, Regulatory Arbitrage and Systemic Risk

 

 

 

“Sooner or Later: Timing of Monetary Policy with Heterogeneous Risk Taking” with Dong Beom Choi and Thomas Eisenbach, American Economic Review P&P, 2016, 106(5), 490-95.

 

“Literature Review on Stability of Funding Models” Federal Reserve Bank of New York Economic Policy Review, Special Issue on the Stability of Funding Models, 2014, 20 (1), 3-16.

 

“Case Studies on Disruptions during the Recent Crisis” Federal Reserve Bank of New York Economic Policy Review, Special Issue on the Stability of Funding Models, 2014, 20 (1), 17-28.

 

“Stability of Funding Models: An Analytical Framework” with Thomas Eisenbach, Todd Keister and Jamie McAndrews. Federal Reserve Bank of New York Economic Policy Review, Special Issue on the Stability of Funding Models, 2014, 20 (1), 29-47.

 

“Bank Resolution Concepts, Tradeoffs, and Changes in Practices” with Phoebe White. Federal Reserve Bank of New York Economic Policy Review, Special Issue on Large and Complex Banks, 2014, 16 (2).

 

“What Makes Large Bank Failures so Messy and What to Do About It?” with Jamie McAndrews, Don Morgan and Joao Santos. Federal Reserve Bank of New York Economic Policy Review, Special Issue on Large and Complex Banks, 2014, 16 (2).

 

“Liquidity Hoarding”, with Douglas Gale, Theoretical Economics, 8(2), 2013, 291-324.

 

“A Theory of Arbitrage Capital”, with Viral Acharya and Hyun Shin, Review of Corporate Finance Studies, 2(1), 2013, 62-97.

 

“Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking?” with Viral Acharya and Denis Gromb, American Economic Journal: Macroeconomics, 4(2), 2012, 184-217.

 

“Fire-sale FDI”, with Viral Acharya and Hyun Shin, Korean Economic Review, 27(2), 2011, 163-202.

 

“Rollover Risk and Market Freezes”, with Viral Acharya and Douglas Gale, Journal of Finance, 66(4), 2011, 1177-1209.

 

“Crisis Resolution and Bank Liquidity”, with Viral Acharya and Hyun Shin, Review of Financial Studies, 24(6), 2011, 2121-2165.

 

“Liquidity, Bank Runs and Bailouts: Spillover Effects during the Northern Rock Episode”, with Paul Goldsmith-Pinkham, Journal of Financial Services Research, 37(2-3), 2010, 83-98 (lead article).

 

“Systemic Risk and Deposit Insurance Premiums”, with Viral Acharya and Joao Santos. Federal Reserve Bank of New York Economic Policy Review, Special Issue on Central Bank Liquidity Tools and Perspectives on Regulatory Reform, 2010, 16 (1), 89-99.

 

“On the Dynamics and Severity of Bank Runs: An Experimental Study”, with Andrew Schotter, Journal of Financial Intermediation, 18(2), 2009, 217-241.

 

“Cash-in-the-Market Pricing and Optimal Resolution of Bank Failures”, with Viral Acharya, Review of Financial Studies, 21(6), 2008, 2705-42 (Reprinted in Handbook on Liquidity and Crises, Franklin Allen, Elena Carletti, Jan-Pieter Krahnen and Marcell Tyrell, eds., Oxford University Press).

 

“Information Contagion and Bank Herding”, with Viral Acharya, Journal of Money, Credit and Banking, 40(1), 2008, 215-31 (Reprinted in Handbook on Liquidity and Crises, Franklin Allen, Elena Carletti, Jan-Pieter Krahnen and Marcell Tyrell, eds., Oxford University Press).

 

“Too Many to Fail – An Analysis of Time Inconsistency in Bank Closure Policies”, with Viral Acharya, Journal of Financial Intermediation, 16(1), 2007, 1-31 (lead article) (Runner up for the Journal of Financial Intermediation Best Paper Prize in 2007).

 

“Network Models and Financial Stability”, with Amadeo Alentorn, Erlend Nier and Jing Yang, Journal of Economic Dynamics and Control, 31(6), 2007, 2033-60.

 

 

  • No ancillary activities

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