Professor Soner Baskaya

  • Professor of Economics (Economics)

Biography

Soner Baskaya is a Professor of Economics at the Adam Smith Business School. In the past, he worked at the Central Bank of the Republic of Turkey (CBRT) at different positions, including the General Manager of Communications and Foreign Relations Department and the Deputy General Manager of the Research Department. He served as the Deputy’s Deputy of CBRT during Turkish Presidency of G20 in 2015. The institutions in which he taught include the London School of Economics, Dartmouth College, Brown University, Bilkent University and Middle East Technical University. He has also been an LSE Fellow at London School of Economics, Department of Management and a Research Fellow at the Bank for International Settlements. He obtained his BA degree in Economics from Bogazici University, MSc in Economics from Middle East Technical University and MA and PhD in Economics from Brown University.

Research interests

Soner is a member of the School's Finance research cluster.

Areas of expertise:

  • Macroeconomics
  • Monetary economics
  • Central banking
  • Financial stability
  • Applied econometrics
  • Labour economics

Publications

List by: Type | Date

Jump to: 2025 | 2024 | 2023 | 2022 | 2017 | 2016 | 2013 | 2012 | 2011 | 2008
Number of items: 21.

2025

Alper, Koray, Baskaya, Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Shi, Shuren (2025) How do Macroprudential Policies Affect Corporate Investment? Insights from EIBIS Data. Working Paper. European Investment Bank. (doi: 10.2867/2193600).

2024

Baskaya, Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Shi, Shuren, Tsafos, Yannis D. ORCID logoORCID: https://orcid.org/0000-0002-2419-3674 and Tsoukalas, John D. ORCID logoORCID: https://orcid.org/0000-0002-3356-9688 (2024) Geopolitical Risk and Macroprudential Policies. Working Paper. SSRN, Amsterdam, Netherlands. (doi: 10.2139/ssrn.4981165).

Baskaya, Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Gutierrez, Jose, Serena, Jose-Maria and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2024) Bank supervision and non-performing loan cleansing. Working Paper. Bank of Spain. (doi: 10.53479/37596).

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hardy, Bryan, Kalemli-Ozcan, Sebnem and Yue, Vivian (2024) Sovereign risk and bank lending: evidence from 1999 Turkish earthquake. Journal of International Economics, 150, 103918. (doi: 10.1016/j.jinteco.2024.103918)

Başkaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Shim, Ilhyock and Turner, Philip (2024) Financial Development and the Effectiveness of Macroprudential and Capital Flow Management Measures. Working Paper. Bank for International Settlements.

2023

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hardy, Bryan, Kalemli-Ozcan, Sebnem and Yue, Vivian (2023) Sovereign risk and bank lending: evidence from 1999 Turkish earthquake. Working Paper. Bank for International Settlements.

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hardy, Bryan, Kalemli-Özcan, Ṣebnem and Yue, Vivian Z. (2023) Sovereign Risk and Bank Lending: Theory and Evidence from a Natural Disaster. Working Paper. UNSPECIFIED. (doi: 10.29338/wp2023-01).

Bașkaya, Yusef Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hardy, Bryan, Kalemli-Özcan, Șebnem and Yue, Vivian Z. (2023) Transmission of Sovereign Risk to Bank Lending. Working Paper. Federal Reserve Bank of Atlanta. (doi: 10.29338/ph2023-2).

2022

di Giovanni, Julian, Kalemli-Özcan, Şebnem, Ulu, Mehmet Fatih and Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 (2022) International spillovers and local credit cycles. Review of Economic Studies, 89(2), pp. 733-773. (doi: 10.1093/restud/rdab044)

Baltagi, Badi H. and Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 (2022) Spatial wage curves for formal and informal workers in Turkey. Journal of Spatial Econometrics, 3(1), 3. (doi: 10.1007/s43071-022-00021-y)

2017

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, di Giovanni, Julian, Kalemli-Özcan, Şebnem, Peydro, José-Luis and Ulu, Mehmet Fatih (2017) Capital flows and the international credit channel. Journal of International Economics, 108(S1), S15-S22. (doi: 10.1016/j.jinteco.2016.12.003)

Başkaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Binici, Mahir and Kenç, Turalay (2017) International banking and cross-border effects of regulation: lessons from Turkey. International Journal of Central Banking, 13(S1), pp. 379-403.

2016

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Kenç, Turalay, Shim, Ilhyock and Turner, Philip (2016) Financial development and the effectiveness of macroprudential measures. In: Bank for International Settlements (ed.) Macroprudential Policy. Series: BIS papers (86). Bank for International Settlements, pp. 103-116. ISBN 9789291976362

Balkan, Binnur, Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Tumen, Semih (2016) Evaluating the Impact of the Post-2008 Employment Subsidy Program in Turkey. Discussion Paper. Bonn: Institute for the Study of Labor (IZA).

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, di Giovanni, Julian, Kalemli-Ozcan, Sebnem, Peydro, Jose-Luis and Ulu, Mehmet Fatih (2016) Capital Flows, Credit Cycles and Macroprudential Policy. Other. BIS.

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, di Giovanni, Julian, Kalemli-Ozcan, Sebnem, Peydro, Jose-Luis and Ulu, Mehmet Fatih (2016) Capital flows, credit cycles and macroprudential policy. In: Bank for International Settlements (ed.) Macroprudential Policy. Series: BIS papers (86). Bank for International Settlements, pp. 63-68. ISBN 9789291976362

2013

Baltagi, Badi H., Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Hulagu, Timur (2013) How different are the wage curves for formal and informal workers? Evidence from Turkey. Papers in Regional Science, 92(2), pp. 271-283. (doi: 10.1111/j.1435-5957.2012.00478.x)

Başkaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hülagü, Timur and Küçük, Hande (2013) Oil price uncertainty in a small open economy. IMF Economic Review, 61(1), pp. 168-198. (doi: 10.1057/imfer.2013.5)

2012

Baltagi, Badi H., Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Hulagu, Timur (2012) The Turkish wage curve: evidence from the household labor force survey. Economics Letters, 114(1), pp. 128-131. (doi: 10.1016/j.econlet.2011.09.033)

2011

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Hulagu, Timur (2011) Informal-Formal Worker Wage Gap in Turkey: Evidence From A Semi-Parametric Approach. Working Paper. Research and Monetary Policy Department, Central Bank of the Republic of Turkey..

2008

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Kara, Hakan and Mutluer, Defne (2008) Expectations, Communication and Monetary Policy in Turkey. Working Paper. Central Bank of Turkey.

This list was generated on Sun Jun 15 12:12:04 2025 BST.
Jump to: Articles | Book Sections | Research Reports or Papers
Number of items: 21.

Articles

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hardy, Bryan, Kalemli-Ozcan, Sebnem and Yue, Vivian (2024) Sovereign risk and bank lending: evidence from 1999 Turkish earthquake. Journal of International Economics, 150, 103918. (doi: 10.1016/j.jinteco.2024.103918)

di Giovanni, Julian, Kalemli-Özcan, Şebnem, Ulu, Mehmet Fatih and Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 (2022) International spillovers and local credit cycles. Review of Economic Studies, 89(2), pp. 733-773. (doi: 10.1093/restud/rdab044)

Baltagi, Badi H. and Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 (2022) Spatial wage curves for formal and informal workers in Turkey. Journal of Spatial Econometrics, 3(1), 3. (doi: 10.1007/s43071-022-00021-y)

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, di Giovanni, Julian, Kalemli-Özcan, Şebnem, Peydro, José-Luis and Ulu, Mehmet Fatih (2017) Capital flows and the international credit channel. Journal of International Economics, 108(S1), S15-S22. (doi: 10.1016/j.jinteco.2016.12.003)

Başkaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Binici, Mahir and Kenç, Turalay (2017) International banking and cross-border effects of regulation: lessons from Turkey. International Journal of Central Banking, 13(S1), pp. 379-403.

Baltagi, Badi H., Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Hulagu, Timur (2013) How different are the wage curves for formal and informal workers? Evidence from Turkey. Papers in Regional Science, 92(2), pp. 271-283. (doi: 10.1111/j.1435-5957.2012.00478.x)

Başkaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hülagü, Timur and Küçük, Hande (2013) Oil price uncertainty in a small open economy. IMF Economic Review, 61(1), pp. 168-198. (doi: 10.1057/imfer.2013.5)

Baltagi, Badi H., Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Hulagu, Timur (2012) The Turkish wage curve: evidence from the household labor force survey. Economics Letters, 114(1), pp. 128-131. (doi: 10.1016/j.econlet.2011.09.033)

Book Sections

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Kenç, Turalay, Shim, Ilhyock and Turner, Philip (2016) Financial development and the effectiveness of macroprudential measures. In: Bank for International Settlements (ed.) Macroprudential Policy. Series: BIS papers (86). Bank for International Settlements, pp. 103-116. ISBN 9789291976362

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, di Giovanni, Julian, Kalemli-Ozcan, Sebnem, Peydro, Jose-Luis and Ulu, Mehmet Fatih (2016) Capital flows, credit cycles and macroprudential policy. In: Bank for International Settlements (ed.) Macroprudential Policy. Series: BIS papers (86). Bank for International Settlements, pp. 63-68. ISBN 9789291976362

Research Reports or Papers

Alper, Koray, Baskaya, Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Shi, Shuren (2025) How do Macroprudential Policies Affect Corporate Investment? Insights from EIBIS Data. Working Paper. European Investment Bank. (doi: 10.2867/2193600).

Baskaya, Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Shi, Shuren, Tsafos, Yannis D. ORCID logoORCID: https://orcid.org/0000-0002-2419-3674 and Tsoukalas, John D. ORCID logoORCID: https://orcid.org/0000-0002-3356-9688 (2024) Geopolitical Risk and Macroprudential Policies. Working Paper. SSRN, Amsterdam, Netherlands. (doi: 10.2139/ssrn.4981165).

Baskaya, Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Gutierrez, Jose, Serena, Jose-Maria and Tsoukas, Serafeim ORCID logoORCID: https://orcid.org/0000-0002-6911-639X (2024) Bank supervision and non-performing loan cleansing. Working Paper. Bank of Spain. (doi: 10.53479/37596).

Başkaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Shim, Ilhyock and Turner, Philip (2024) Financial Development and the Effectiveness of Macroprudential and Capital Flow Management Measures. Working Paper. Bank for International Settlements.

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hardy, Bryan, Kalemli-Ozcan, Sebnem and Yue, Vivian (2023) Sovereign risk and bank lending: evidence from 1999 Turkish earthquake. Working Paper. Bank for International Settlements.

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hardy, Bryan, Kalemli-Özcan, Ṣebnem and Yue, Vivian Z. (2023) Sovereign Risk and Bank Lending: Theory and Evidence from a Natural Disaster. Working Paper. UNSPECIFIED. (doi: 10.29338/wp2023-01).

Bașkaya, Yusef Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Hardy, Bryan, Kalemli-Özcan, Șebnem and Yue, Vivian Z. (2023) Transmission of Sovereign Risk to Bank Lending. Working Paper. Federal Reserve Bank of Atlanta. (doi: 10.29338/ph2023-2).

Balkan, Binnur, Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Tumen, Semih (2016) Evaluating the Impact of the Post-2008 Employment Subsidy Program in Turkey. Discussion Paper. Bonn: Institute for the Study of Labor (IZA).

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, di Giovanni, Julian, Kalemli-Ozcan, Sebnem, Peydro, Jose-Luis and Ulu, Mehmet Fatih (2016) Capital Flows, Credit Cycles and Macroprudential Policy. Other. BIS.

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907 and Hulagu, Timur (2011) Informal-Formal Worker Wage Gap in Turkey: Evidence From A Semi-Parametric Approach. Working Paper. Research and Monetary Policy Department, Central Bank of the Republic of Turkey..

Baskaya, Yusuf Soner ORCID logoORCID: https://orcid.org/0000-0003-4416-4907, Kara, Hakan and Mutluer, Defne (2008) Expectations, Communication and Monetary Policy in Turkey. Working Paper. Central Bank of Turkey.

This list was generated on Sun Jun 15 12:12:04 2025 BST.

Supervision

Supervisory interests

  • Macroeconomics
  • Monetary Economics
  • Central Banking
  • Global Financial System
  • Effectiveness of the policies aiming at financial stability
  • Macroeconomic analysis of credit markets

Current PhD students

Teaching

  • Macroeconomics
  • Topics in monetary economics
  • Global financial system
  • Financial stability
  • Applied econometrics
  • Microeconometrics for macroeconomists
  • Econometric methods for policy evaluation

Additional information

  • CBT Economic Notes, Editor (2009-2016)
  • Central Bank Review, Co-Editor (2009-2016)

Profile photo of Soner Baskaya, Lecturer in Finance with emphasis in Central Banking

Professor Soner Baskaya on Twitter