Parameters for image-map-2:{}
University of New Haven logo on black background
Cakan, Esin (full)
Esin
Cakan
Ph.D.
Assistant Professor
Business
Economics
203-932-7496
Maxy126F
Maxcy Hall
Personal

    Education

    Ph.D. in Financial Economics, The Graduate Center, City University of New York (GC-CUNY), 2008

    M.Sc. in Economics, Middle East Technical University (METU), Ankara, Turkey, 1998

    B.S. in Statistics, Middle East Technical University (METU), Ankara, Turkey, 1995

    Areas of Interest

    Research

    Financial Economics, Financial Econometrics, Asset Pricing, Monetary Economics, Behavioral Economics, Behavioral Finance.

    Teaching

    Econometrics, Time Series Econometrics, Microeconomics, Macroeconomics, Financial Management, Research Methods, Statistics.

    Awards

    Summer Research Grant and Research Fund, University of New Haven, 2012

    Summer Research Grant and Research Fund, University of New Haven, 2011

    Summer Research Grant and Research Fund, University of New Haven, 2010

    Summer Research Grant and Research Fund, University of New Haven, 2009

    Graduate Teaching Fellowship in Queens College, CUNY, 2004

    PSC/CUNY Tuition Award, CUNY, 2003

    PSC/CUNY Tuition Award, CUNY 2001

    Fellowship from Turkish Academy of Sciences, 2000-2001

    Graduated in with Honors Degree in Statistics, Middle East Technical University, Rank 10 out of 172, 1995

     

    Professional Affiliations

    Financial Management Association (FMA)

    Southern Finance Association (SFA)

    Western Economic Association

    American Economic Association (AEA)

    Eastern Economic Association (EEA)

    Southern Economic Association

    Academy of International Business (AIB)

    Society for Studies of Emerging Markets (SSEM)

    Northern Business and Economics Association (NBEA)

     

    Academic Service

    Faculty Senate

    Faculty Search Committee

    Executive Dean Search Committee

    Faculty Professional Development  Committee

    FE001 Academic Oversight Committee 

    University Undergraduate Curriculum Committee (UUCC)

    CoB Experiential Education/Undergraduate Curriculum Development Committee

    CoB Undergraduate Curriculum Committee

    Assessment of Learning (AoL) Committee

    Editor of Working Paper Series of Economics and Finance (Click Here)

    Editor of UNH Ecofin Blog web site (Click Here)

Academic Credentials

    Published Works

    "Policy Regime Change and Structural Break in the Velocity of Money: The Turkish Evidence," Applied Economics Letters, Vol. 9, issue 11, (2002), pp. 759-62 (with E. Ozmen).(Journal Impact factor: 0.203). Download.

    "Non-linear dynamic linkages in the international stock markets," Physica A: Statistical Mechanics and Its Applications, Volume 377, Issue 1, (2007), pp. 173-180 (with Z.A. Ozdemir).  (Journal Impact factor: 1.521). Download.

    "Persistence in Real Exchange Rates: Evidence from East Asian Countries," Economic Modelling, Volume 27, Issue 5, (Sept. 2010), pp. 891-895 (with Z.A. Ozdemir). (Journal Impact factor: 0.601). Download.

    "On the nonlinear causality between inflation and its uncertainty in G-3 countries," Journal of Applied Economics, Vol. XIV, No. 2, (November 2011), 269-296  (with Z.A.Ozdemir and M. Balcilar)(Journal Impact factor: 0.511).  Download.

    "Growth Effects of Mergers and Acquisitions: A Sector-level Study of OECD countries," Journal of Applied Economics and Business Research, Volume 1, Issue 3, (2011), 120-129 (with Nadia Doytch). Download.

    "Sectoral Growth Effect of United States Mergers and Acquisitions: A Time Series Analysis," Journal of Applied Economics and Business Research, Volume 1, Issue 1, (2011), 4-11 (with Nadia Doytch). Download.

     "The Business Cycle And Impacts Of Economic News On Financial Markets," Journal of Business & Economics Research, Volume 10, Issue, (2012). Download.

    "Non-linear Causality Between Stock Returns And Inflation Uncertainty: Evidence From The US And The UK," International Business & Economics Research Journal, Volume 12, No 1, (2013). Download

     

     

        Working Papers

        "Impacts of US Economic News on Emerging Financial Markets" by Esin Cakan, Nadia Doytch and Kamal Upadhyaya, (Febr. 2011), UNH Department of Economics and Finance Working Paper Series, WP1109 . Download.

        "Do Good and Bad Economic News Affect The Stock Market Differently From The Bond Market During the Business Cycles?: A Multivariate GARCH Approach," (Oct. 2010), UNH Department of Economics and Finance Working Paper Series, WP1007. Download.

        "The business cycle and impacts of economic news on financial markets", (Sept. 2010), UNH Department of Economics and Finance Working Paper Series, WP1006. Download.

        "Nonlinear causality between stock returns and inflation uncertainty: Evidence from the US and the UK," UNH Department of Economics and Finance Working Paper Series, WP0905. Download.

         

         

          Presentations At Professional Meetings

          Western Economic Association (WEA) Meeting 2012, "Do Institutional Investors Herd? A Markov-Switching Approach" (with Aram Balagyozyan), March, Boston, MA.

          Eastern Economic Association (EEA) Meeting 2012, "Impact of Military Expenditure on US Economic Growth: A Cointegration Analysis by ARDL Bound Test", (with Kyoko Mona), March, Boston, MA.

          Nuclear Medicine Conference, 2011, Comparative Volumetric Analysis of Glioblastoma Multiforme Cases Using F18 FDG PET/MRI Fusion Images in Evaluation of Early Treatment Response to Superselective Intraarterial Cerebral Infusion of Bevacizumab or Temozolamide: A Preliminary Study, with Zuzan Cayci, Chicago, IL.

          Society for Studies of Emerging Markets (SSEM) Euro Conference 2011, “The impact of openness and institutions on the financial development in Asian emerging markets: A cointegration analysis by ARDL bounds tests”, presented June 2011 Izmir, Turkey.

          Multinational Finance Society (MFS) 2011 Annual Conference, "Financial Liberalization and Dynamics of International Stock Prices: Long Memory or Unit Root?", accepted paper, June 26-29, 2011, Rome, Italy (with M. Balcilar and Z.A. Ozdemir).

          Society for Nuclear Medicine (SNM) Conference 2011, “Usefulness of F18-FDG PET in differential diagnosis of common malignant brain tumors and in determining the unknown primary tumors presenting with brain metastases”, presented with Zuzan Cayci,  San Antonio, Texas, USA.

          Eastern Economic Association (EEA) Meeting 2011, "Financial development, openness, and institutions: Time series evidence from 7 Asian economies", (with Mehmet Balcilar and Zeynel Ozdemir),  February, New York, NY.

          Financial Management Association (FMA) 2010 Meeting, NY. Discussant presentation. 

            Southern Financial Association (SFA) Meeting 2010, "Financial Liberalization and Dynamics of International Stock Prices: Long Memory or Unit Root?"(with Zeynel A. Ozdemir), accepted paper, November, Asheville, NC.

            Southern Economics Associaton (SEA) Meeting 2010, “Impacts of  US Economic News on Emerging Financial Markets (with Kamal Upadhyaya and Nadia Doytch), November, Atlanta, GA. 

              Society for Studies of Emerging Markets (SSEM) Euro Conference 2010, "Dynamic linkages between exchange rates and stock prices: Evidence from emerging markets", July 2010 (with Demissew Ejara), Milas, Turkey.

              Eastern Economic Association (EEA) Meeting 2010, "Financial Liberalization and Dynamics of International Stock Prices: Long Memory or Unit Root?"(with Zeynel A. Ozdemir), February,Philadelphia.

              Academy of International Business Conference (AIB) 2009, “Nonlinear causality between stock returns and inflation uncertainty: Evidence from the US and the UK”, October, NY.

              Midwest Economic Association (MEA) meeting 2009,  “On the nonlinear causality between stock returns, inflation and inflation uncertainty”, March, Cleveland, OH.

              Eastern Economic Association (EEA) Meeting 2009,  “Persistence in Real Exchange Rates: Evidence from East Asian Countries”, February, NY.

              Eastern Economic Association (EEA) 2007,  “The effect of macroeconomic news announcements and surprises on the stock and bond markets”, (with Tao Wang), February, NY. 

                METU International Economic Conference 1998, ‘‘Testing Structural Break In Turkish Monetary Aggregates”, Ankara, Turkey.

                 

                 

                   

                  RESEARCH IN PROGRESS

                  1.Do Institutional Investors Herd? A Markov-Switching Approach (with Aram Balagyozyan).

                  2. Impact of Military Expenditure on US Economic Growth: A Cointegration Analysis by ARDL Bound Test (with Kyoko Mona).

                  3. Impacts of  US Economic News on Emerging Financial Markets, (with Kamal Upadhyaya and Nadia Doytch).Detecting structural breaks in emerging stock markets volatility.

                  4. Modeling CO2 emission with Financial Development indicators and growth

                  5. Financial development and openness in Asian countries: New Evidence from ARDL Bound Test.

                  6. Estimating the effect of good news on Turkish stock  market volatility.

                  7. The saving and investment nexus for Turkey: evidence from cointegration tests.

                  8. Herding in Turkish Banking Industry: An Examination (with Aram Balagyozyan).

                   

                  Professional Activities

                  REFEREE

                  Journal of Applied Economics
                  Economic Modeling
                  Bulletin of Economics Research
                  Economics Bulletin
                  Scientific Research and Essays
                  International Review of Applied Economics
                  International Journal of Banking, Accounting and Finance
                  Studies in Economics and Finance

                Industry Experience

                  1. Economist: Turkish Industrialists’ & Businessmen Association, Istanbul, Turkey.
                  2. Research Assistant: international Longevity Center (ILC), NY, USA.
                  3. Research Assistant: Department of Public Affairs, Baruch College, NY, USA.

                   

                  1. Instructor (Adjunct Professor): Queens College, CUNY, NY.
                  2. Instructor: Hunter College, CUNY, NY.
                  3. Instructor: Baruch College 
                  4. Instructor: Hostos Community College
                  5. Teaching Assistant: Barnard College of Columbia University
                  6. Teaching Assistant: Baruch College.
                Curriculum Vitae