Dr. Ahmet Aysan is a professor at the College of Islamic Studies (CIS) and the Program Coordinator of the PhD and MS programs in Islamic Finance and Economy. He has been the Board Member and Monetary Policy Committee member of the Central Bank of the Republic of Turkey and served as a consultant at various institutions such as the World Bank, the Central Bank of the Republic of Turkey, and Oxford Analytica.
Dr. Aysan's fields of specialization are Islamic finance, Fintech, macroeconomics, political economy, banking, and finance; and he is a member of the editorial and advisory boards of several prestigious international journals. He received grants from various international funds including the ERF, Newton Fund, and TUBITAK. Dr. Aysan has also served on the advisory board of the Contemporary Turkish Studies at the London School of Economics and Political Sciences (LSE) European Institute. In 2020, Dr. Aysan was listed as being among the top influencers in Islamic banking and finance by an academic article published in the Pacific-Basin Finance Journal.
CIS, HBKU
2020 - PresentIstanbul Şehir University
2017 - 2020Istanbul Şehir University
2017 - 2020The Central Bank of the Republic of Turkey
2011 - 2017Department of Economics, Boğaziçi University
2009 - 2011Department of Economics, Boğaziçi University
2005 - 2009University of Maryland College Park
2005University of Maryland College Park
2001Boğaziçi University
1999Turkish Economy: Between Middle Income Trap and High Income Status. Cham: Palgrave Macmillan. ISBN 978-3-319-70380-0.
2018Türkiye’de Kredi Kartı Piyasası (Credit Cards Market in Turkey). Edited volume in Turkish. Central Bank of Republic Turkey.
2011Determinants of Turkish Exports: Competitiveness and Unit Labor Cost. VDM Verlag. ISBN 978-3-639-14584-7.
2009COVID-19 Salgınının Dünya Ekonomisini Etkilemesinde Belirsizlik ve Güven Kavramsallaştırması. In: Şeker, M., Özer, A., & Korkut, C. (Eds.), Küresel Salgının Anatomisi: İnsan ve Toplumun Geleceği. Türkiye Bilimler Akademisi, TÜBA. ISBN: 978-605-2249-46-8.
2020On the Path to High-Income Status or to Middle-Income Trap: The Turkish Economy in Search of its Future. In: Aysan, A.F., Babacan, M., Gur, N., & Karahan, H. (Eds.), Turkish Economy: Between Middle Income Trap and High Income Status. Cham: Palgrave Macmillan. 1–11.
2018Faizsiz Finans Ve Küresel Etkileri. In: Elmas, M., Bilen, M., & San, M.K. (Eds.), Sosyal Bilimlerle Çağı Yorumlamak. Mahya Yayınları. 249–260.
2018Macroeconomic Shocks and Islamic Bank Behavior in Turkey. In: Hassan, K. (Ed.), Handbook of Empirical Research on Islam and Economic Life. Edward Elgar Publishing. 375–394.
2017Post-Crisis Shifts in Macroeconomic Management and Central Banking: Could Consumption Planning Emerge as a Macro-Prudential Tool? In: Yülek, M. (Ed.), Economic Planning and Industrial Policy in the Globalizing Economy. Vol 13 of the series Public Administration, Governance and Globalization. Springer International Publishing. 355–375.
2015Assessing the Adverse Effects of Interbank Funds on Bank Efficiency through Using Semiparametric and Nonparametric Methods. In: Fethi, M., Gaganis, C., Pasiouras, F., & Zopounidis, C. (Eds.), Global Trends in the Efficiency and Risk Management of Financial Services. New York: Nova Science Publishers. 41–62.
2012Sustaining Growth in Emerging Markets: The Role of Structural and Monetary Policies. In: Nowotny, E., Mooslechner, P., & Ritzberger-Grunwald, D. (Eds.), A New Model for Balanced Growth and Convergence. Edward Elgar Publishing. 122–144.
2013The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries. In: Ugur, M., & Sunderland, D. (Eds.), Does Economic Governance Matter? Governance Institutions and Outcomes. Edward Elgar Publishing. 119–138.
2011Do Political and Governance Institutions Matter for Private Investment Decisions?: The Case of the Middle East and North Africa. In: Sayan, S. (Ed.), Economic Performance in the Middle East and North Africa: Institutions, Corruption and Reform. London: Routledge. 94–109.
2011Transformation of the Turkish Financial Sector in the Aftermath of the 2001 Crisis. In: Onis, Z., & Senses, F. (Eds.), Turkish Economy in the Post-Crisis Era: the New Phase of Neo-Liberal Restructuring and Integration to the Global Economy. Routledge. 73–100.
2009Small Business Lending and Credit Risk: Granger Causality Evidence. Economic Modelling, 83. 245–255.
2019Effects of the Geopolitical Risks on Bitcoin Returns and Volatility. Research in International Business and Finance, 47. 511–518.
2019Small Business Lending and Credit Risk: Granger Causality Evidence. Economic Modelling, 83(C). 245–255.
2019Does Islamic Banking Offer a Natural Hedge For Business Cycles? Evidence from a Dual Banking System. Journal of Financial Stability, 36. 22–38.
2018Religiosity vs. Rationality: Depositor Behavior in Islamic and Conventional Banks? Journal of Comparative Economics, 46(1). 1–19.
2018Islamic Banks, Deposit Insurance Reform, and Market Discipline: Evidence from a Natural Framework. Journal of Financial Services Research, 51(2). 257–282.
2017Financial Crisis, Macroprudential Policies, and Depositor Discipline. The Singapore Economic Review, 62(1). 5–25.
2017Is Small the New Big? Islamic Banking for SMEs In Turkey. Economic Modelling, 54(C). 187–194.
2016Regulate One Service, Tame the Entire Market: Credit Cards in Turkey. Journal of Banking & Finance, 37(4). 1195–1204.
2013Non-Price Competition in Credit Card Markets Through Bundling and Bank Level Benefits. Contemporary Economic Policy, 29(4). 593–604.
2010Small Business Lending and Credit Risk: Granger Causality Evidence. Working Papers of Faculty of Economics and Business Administration. Belgium: Ghent University.
2019Islamic Banks, Deposit Insurance Reform, and Market Discipline: Evidence from a Natural Framework. Working Papers of Faculty of Economics and Business Administration. Belgium: Ghent University.
2017Managing Short-Term Capital Flows in New Central Banking: Unconventional Monetary Policy Framework in Turkey. Working Paper 1403. Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
2014Macroprudential Policies as Buffer Against Volatile Cross-Border Capital Flows. Working Paper 1404. Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
2014The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries. Working Paper 611, Economic Research Forum.
2011Non-Price Competition in Credit Card Markets: Evidence from an Emerging Economy. Meeting Paper 2, Society for Economic Dynamics.
2009Authoritarianism, Credibility of Reforms, and Private Sector Development in the Middle East and North Africa. ERF Working Paper 443, Economic Research Forum.
2008The Competitiveness of Turkey with Respect to the Slovak Republic for the 1995–1999 Period. MPRA Paper 5496, University Library of Munich, Germany.
2007Concentration, Competition, Efficiency and Profitability of the Turkish Banking Sector in the Post-Crises Period. Bogazici University Research Papers, ISS/EC 2007-20, Istanbul.
2007Governance and Private Investment in the Middle East and North Africa. Policy Research Working Paper Series, 3934. World Bank.
2006