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Cakan, Esin (full)
Esin
Cakan
Ph.D.
Associate Professor
Business
Economics
203-932-7496
Maxy126F
Maxcy Hall
About Me

    I studied statistics and economics at the Middle East Technical University, and got my Ph.D. from The Graduate Center of the City University of New York. As a teacher, I have taught financial management, statistics, econometrics, macroeconomics, microeconomics, and principles of economics. My research includes work on exchange rates, herding behavior among investors, financial markets, financial economics and econometrics. My articles have appeared in academic peer-reviewed journals, such as Applied Economics Letters, Journal of Applied Economics, Economic Modelling, and International Business & Economics Research Journal.  My research papers are cited many times by other researchers. I have been collaborating with graduate students and have presented my findings in academic conferences. My research papers in exchange rates and stock market relationship, the herding behavior among investors, and macroeconomic news effect on stock returns are used in my graduate economics courses as an applied example for the subjects.

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    Education

    PhD, The City University of New York The Graduate Center, 2008.
    Major: Financial Economics
    Dissertation Title: Essays on Dynamics of Financial Markets

    MS, Middle East Technical University (METU), 1998.
    Major: Economics
    Dissertation Title: Policy Regime Change and Structural Break in the Velocity of Money: The Turkish Evidence.

    BS, Middle East Technical University (METU), 1995.
    Major: Statistics

     

        Awards and Honors

        Graduate Teaching Fellowship, Queens College, CUNY. (2004).

        Published Intellectual Contributions

        Conference Proceedings

        Cakan, E., Cayci, Z. (12/31/2011). Usefulness of F18-FDG PET in differential diagnosis of common malignant brain tumors and in determining the unknown primary tumors presenting with brain metastases. Society for Nuclear Medicine Conference.

        Journal Articles

        Cakan, E., Erdal, O. (2002). Policy Regime Change and Structural Break in the Velocity of Money: The Turkish Evidence. Applied Economics Letters, 9(11), 759-62.

         

        Refereed Journal Articles

        Sack, A. L., McComas, A., Cakan, E. (2014). The Revival of Multiyear Scholarships in the Twenty-First Century: Which Universities Supported and Opposed this Legislation and Why? Journal of Issues in Intercollegiate Athletics, 7, 207-223.

        Cakan, E., Balagyozyan, A. (2014). Herd behavior in the Turkish banking sector. Applied Economics Letters/Taylor and Francis Group, 21(2), 75-79. www.tandfonline.com/action/journalInformation?show=editorialBoard&journalCode=rael20

        Cakan, E., Ejara, D. D. (2013). On the Relationship between Exchange Rates and Stock Prices: Evidence from Emerging Markets. International Research Journal of Finance and Economics(111), 115-124. 

        Cakan, E. (2013). Non-linear Causality Between Stock Returns And Inflation Uncertainty:  Evidence From The US And The UK. International Business & Economics Research Journal, 12(1), 63-70.

        Cakan, E. (2012). The Business Cycle And Impacts Of Economic News On Financial Markets. Journal of Business & Economics Research, 6(10), 385-390. journals.cluteonline.com/index.php/JBER

        Doytch, N., Cakan, E. (2011). Growth Effects of Mergers and Acquisitions: A Sector-level Study of OECD countries. Journal of Applied Economics and Business Research, 1(3), 120-129. http://www.aebrjournal.org/uploads/6/6/2/2/6622240/paper_1.pdf

        Doytch, N., Cakan, E. (2011). Sectoral Growth Effects of United States Mergers and Acquisitions: A Time Series Analysis. Journal of Applied Economics and Business Research, 1(1), 4-11. http://www.aebrjournal.org/volume-1-issue-1.html 

        Balcilar, M., Ozdemir, Z. A., Cakan, E. (2011). On the nonlinear causality between inflation and inflation uncertainty uncertainty in the G3 countries. Journal of Applied Economics, 14(2), 269-296. www.journals.elsevier.com/journal-of-applied-economics/

        Ozdemir, Z. A., Cakan, E. (2010). Persistence in Real Exchange Rates: Evidence from East Asian Countries. Economic Modelling/Elsevier, 27(5), 891-895. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1623563

        Ozdemir, Z. A., Cakan, E. (2007). Non-linear dynamic linkages in the international stock markets. Physica A: Statistical Mechanics and Applications, 377(1), 173-180. www.journals.elsevier.com/physica-a-statistical-mechanics-and-its-applications/

        Cakan, E., Ozmen, E. (2002). Policy Regime Change and Structural Break in the Velocity of Money: The Turkish Evidence. Applied Economics Letters, 9(11), 759-62. www.tandfonline.com/toc/rael20/current#.UmIgtaW65UQ

        Presentations Given

        Cakan, E. (Author & Presenter), Balagyozyan, A. (Author & Presenter), Demir, H. U. (Author), Annual Eastern Economic Asscociation, "Hedge funds, markets, and causality: Evidence from the US," EEA, Boston. (March 7, 2014). 

        Cakan, E. (Author & Presenter), Atan, M. (Author), Atan, S. (Author), Annual Eastern Economic Association, "The impact of the global financial crisis on the Turkish banking industry," EEA, Boston. (March 7, 2014).

        Cakan, E. (Chair), Annual Eastern Economic Association Meeting, "Consumer Demand, Income Distribution and Finance," EEA, Boston. (March 7, 2014).

        Cakan, E. (Coordinator/Organizer), Annual Eastern Economic Association Meeting, "Topics in Applied Economics," EEA, Boston. (March 7, 2014).

        Cakan, E. (Author & Presenter), Balagyozyan, A. (Author), Eastern Economic Association Meeting, "Herding behavior in Turkish banking industry," EEA, NY. (May 9, 2013).

        Cakan, E. (Author & Presenter), Fung, T. (Author), Lau, M. (Author), Demir, E. (Author), Eastern Economic Association Meeting, "Sport Event Sentiment and Turkish Market Return," EEA, NY. (May 9, 2013).

        Cakan, E. (Discussant), Eastern Economic Association Meeting, "Substitution of Commodity Futures for Equity Securities in Efficient Portfolio," EEA, NY. (May 9, 2013). 

        Cakan, E. (Coordinator/Organizer), Eastern Economic Association Meeting, "Topics in Applied Economics," EEA, NY. (May 9, 2013).

        Cakan, E. (Discussant), "Economic Impact of Oil Price in Selected Asian Countries," Eastern Economic Association Meeting. (May 9, 2013).

        Balagyozyan, A. (Author & Presenter), Cakan, E. (Author & Presenter), Western Economic Association Conference, WEA, "Do Institutional Investors Herd? A Markov-Switching Approach," Western Economic Association Meeting, San Francisco, California. (2012).

        Cakan, E. (Author & Presenter), Research Forums at University of New Haven, "The impact of US macroeconomic news on emerging markets," UNH CoB, New Haven. (September 17, 2012).

        Cakan, E. (Author & Presenter), Mona, K. (Author), "Impact of Military Expenses on the US Economic Growth:A Cointegration Analysis by ARDL Bound Test," Economics Brown Bag Series at UNH, New Haven. (April 25, 2012). 

        Cakan, E., Mona, K., Eastern Economic Association Meeting, "Impact of Military Expenditure on US Economic Growth: A Cointegration Analysis by ARDL Bound Test," Eastern Economic Association Meeting, Boston, Massachusetts. (March 10, 2012).

        Cakan, E. (Coordinator/Organizer), Eastern Economic Association Meeting, "Topics in Macroeconomics," EEA, Boston, MA. (March 10, 2012). 

        Cakan, E. (Author), Cayci, Z. (Author & Presenter), Nuclear Medicine Conference, "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," Nuclear Medicine Conference, Chicago, Illinois. (December 2011).

        Balcilar, M., Ozdemir, Z., Cakan, E., "Financial Liberalization and Dynamics of International Stock Prices: Long Memory or Unit Root?," Multinational Finance Society Annual Conference, Rome, Italy. (2011).

        Doytch, N., Cakan, E., "Growth Effects of the Sectoral Distribution of FDI in Latin America and the Caribbean- a Panel Cointegration Study," Eastern Economic Association Meeting, NY, New York. (2011).

        Cakan, E., "Impact of US macroeconomic news on emerging market economies," Research Forums at UNH. (2011).

        Cakan, E. (Author & Presenter), Society for Studies of Emerging Markets (SSEM) Euro Conference, "The impact of openness and institutions on the financial development in Asian emerging markets: A cointegration analysis by ARDL bounds tests," Society for Studies of Emerging Markets (SSEM) Euro Conference, Izmir, Turkey. (2011).

        Cakan, E. (Author), Cayci, Z. (Author & Presenter), Society for Nuclear Medicine Conference, "Usefulness of F18-FDG PET in differential diagnosis of common malignant brain tumors and in determining the unknown primary tumors presenting with brain metastases," Society for Nuclear Medicine Conference, San Antonio, Texas. (June 4, 2011).

        Cakan, E. (Author & Presenter), Balcilar, M. (Author), Ozdemir, Z. A. (Author), Eastern Economic Association Meeting, "Financial development, openness, and institutions: Time series evidence from 7 Asian economies," EEA, NY, New York. (March 2011).

        Cakan, E. (Author), Ejara, D. D. (Author & Presenter), Middle Eastern Economic Association Meeting at ASSA Meeting, "Dynamic linkages between exchange rates and stock prices: Evidence from emerging markets," Middle Eastern Economic Association, Denver, Colorado. (January 2011).

        Cakan, E. (Discussant), Eastern Economic Association Meeting, Eastern Economic Association Meeting. (2010).

        Cakan, E. (Discussant), FMA, "discussed paper:"Exchange Rates and Foreign Direct Investment: Evidence for sub-Saharan Africa" by Adil H. Elsharif Suliman.," Financial Management Association Conference, NY, New York. (2010).

        Cakan, E. (Discussant), Southern Financial Association, Southern Financial Association, Asville, North Carolina. (2010).

        Ozdemir, Z. (Author), Cakan, E. (Author), Southern Financial Association, "Financial Liberalization and Dynamics of International Stock Prices: Long Memory or Unit Root?," SFA, Asville, North Carolina. (2010).

        Upadhyaya, K. P., Doytch, N., Cakan, E., "Impacts of U.S. Macroeconomic News on  Emerging Financial Markets," Southern Economic Association Meeting, Atlanta, Georgia. (November 2010).

        Cakan, E. (Author & Presenter), Doytch, N. (Author), Upadhyaya, K. P. (Author), Southern Economic Association Meeting, "Impacts of  US Economic News on Emerging Financial Markets," Southern Economic Association Meeting, Atlanta, Georgia. (November 2010).

        Cakan, E. (Author & Presenter), Ejara, D. D. (Author), Society for Studies of Emerging Markets (SSEM) Euro Conference, "Dynamic linkages between exchange rates and stock prices: Evidence from emerging markets," Society for Studies of Emerging Markets, Milas, Turkey. (June 28, 2010).

        Cakan, E. (Author & Presenter), Research Forums at University of New Haven, "Financial development, openness, and institutions: Time series evidence from 7 Asian economies," UNH CoB, New Haven, Connecticut. (April 2010).

        Cakan, E. (Author & Presenter), Ozdemir, Z. A. (Author), Eastern Economic Association Meeting, "Financial Liberalization and Dynamics of International Stock Prices: Long Memory or Unit Root?," Eastern Economic Association Meeting, Philedelphia, Pennsylvania. (February 26, 2010).

        Cakan, E. (Author & Presenter), Doytch, N. (Author & Presenter), Eastern Economic Association Meeting, "Sectoral Growth Effects of United States Mergers and Acquisitions: A Time Series Analysis," EEA, Philedephia, PA. (February 26, 2010).

        Cakan, E. (Author & Presenter), Academy of International Business Conference (AIB), "Nonlinear causality between stock returns and inflation uncertainty: Evidence from the US and the UK," Academy of International Business Conference (AIB), NY, New York. (2009).

        Cakan, E. (Author & Presenter), Ozdemir, Z. A. (Author), Research Forums at University of New Haven, "Persistence in Real Exchange Rates: Evidence from East Asian Countries," Research Forums at University of New Haven. (April 2009). 

        Cakan, E. (Discussant), Midwest Economic Association (MEA), Midwest Economic Association (MEA), Cleveland, Ohio. (March 2009). 

        Cakan, E. (Author), Midwest Economic Association Meeting, "On the nonlinear causality between stock returns, inflation and inflation uncertainty," Midwest Economic Association, Cleveland. (March 2009).

        Cakan, E. (Author & Presenter), Ozdemir, Z. A. (Author), Eastern Economic Association Meeting, "Persistence in Real Exchange Rates: Evidence from East Asian Countries," Eastern Economic Association Meeting, NY, New York. (February 2009).

        Cakan, E. (Author & Presenter), Wang, T., Eastern Economic Association Meeting, "The effect of macroeconomic news announcements and surprises on the stock and bond markets," Eastern Economic Association Meeting, NY, New York. (February 2008).

        Cakan, E., "Testing Structural Break In Turkish Monetary Aggregates," Middle East Technical University International Economic Conference, Ankara, Turkey. (1998).

        Professional Positions

        Professional

        Research Assistant, International Longevity Center (ILC). (September 2002 - May 2003).

        Economist, Turkish Businessmen Association (TUSIAD). (September 2000 - June 2001).
         

        Other

        Assistant Professor of Economics, University of New Haven. (September 1, 2011 - Present). 

        Assistant Professor of Economics and Finance, University of New Haven. (October 16, 2008 - September 1, 2011). 

        Adjunct Faculty-Instructor & Teaching Assistant, Baruch College, Zicklin School of Business, CUNY. (February 2004 - June 2008).

        Teaching Assistant, Barnard College of Columbia University. (September 2006 - May 2007).

        Adjunct Faculty-Instructor, Hunter College, CUNY. (January 2005 - May 2005). 

        Research Assistant, Department of Public Affairs, Baruch College. (September 2004 - May 2005). 

        Adjunct Faculty-Instructor, Queens College, CUNY. (January 2002 - May 2004).

        Adjunct Faculty-Instructor, Hostos Community College, CUNY. (September 2002 - June 2003).

        Research and Teaching Assistant, Gazi University. (December 1995 - September 2000).
        Teaching different level of Statistics, Computer Programming, and Econometrics courses at undergraduate level. Making research in the economics field.

        Professional Service

        Reviewer, Journal Article, International Review of Applied Economics. (September 2013).

        Reviewer, Journal Article, International Journal of Economic Policy In Emerging Economies. (July 2013).

        Reviewer, Journal Article, The Journal of North African Studies. (June 2013). 

        Reviewer, Conference Paper, International Conference on Economics, Business and Research. (May 2013).

        Reviewer, Journal Article, Economic Modelling. (November 2012).

        Reviewer, Journal Article, International Journal of Banking, Accounting and Finance. (September 2011).

        Reviewer, Journal Article, International Review of Applied Economics. (September 2011).
        Reviewer, Journal Article, Studies in Economics and Finance. (September 2011).

        Reviewer, Journal Article, Economic Modelling. (July 2011).
        Reviewer, Journal Article, Economics Bulletin. (2010 - July 2010).

         

        Reviewer, Journal Article, Scientific Research and Essays. (October 2010).

        Reviewer, Journal Article, Bulletin of Economics Research. (April 2010).Reviewer, Journal Article, Economic Modelling. (December 2009).

         

        Reviewer, Journal Article, Journal of Applied Economics. (February 2009).

        Teaching Experience

        University of New Haven

        ECON 1133, Principles of Economics I, 1 course.

        ECON 240, Research Methods in Sustainability, 1 course.

        ECON 3320, Applied Econometrics, 1 course.

        ECON 601, Microeconomics and Macroeconomics, 1 course.

        ECON 6601, Macroeconomics/Microeconomics, 2 courses.

        ECON 6700, Continuing Registration, 1 course.

        FINC 601, Financial Management, 1 course.

        FINC 605, Data Evaluation and Modeling, 1 course.

      Industry Experience
      In The Media