Orkun Saka

I am an Assistant Professor of Finance at the University of Sussex, a Visiting Fellow at the London School of Economics and Political Science (LSE) and a Research Associate at the Systemic Risk Centre. My main research interests are in financial intermediation, international finance and political economy. I tweet @orknsk.

Personal Website

Publications

Discussion Papers
Jul 2019
DP 90
Orkun Saka, Nauro Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli
Financial crisis can trigger policy reversals, i.e. they can lead to a process of reregulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we...
Opinion Pieces
Jun 2019
Orkun Saka, Nauro Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli
Financial crises play a key role in changing existing policies concerning financial markets and institutions. This column provides new evidence for the negative impact of financial crises on the process of financial liberalisation. It also shows,...
Opinion Pieces
May 2019
Çağatay Bircan and Orkun Saka
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. This column...
Discussion Papers
Oct 2018
DP 85
Çağatay Bircan and Orkun Saka
We use data on the universe of credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. There is considerable...
Discussion Papers
Sep 2018
DP 84
European banks have been criticized for holding excessive domestic government debt during economic downturns, which may have intensified the diabolic loop between sovereign and bank credit risks. By using a novel bank-level dataset covering the...