Tanju Yorulmazer

Koc University

Professor of Economics

Rumeli Feneri Yolu

Sariyer, Istanbul, 34450

Turkey

http://gsssh.ku.edu.tr/en/departments/economics/akademik-kadro/show/tyorulmazer/

SCHOLARLY PAPERS

31

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14,605

SSRN CITATIONS
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in Total Papers Citations

798

CROSSREF CITATIONS

1,117

Scholarly Papers (31)

1.

Liquidity, Bank Runs and Bailouts: Spillover Effects during the Northern Rock Episode

Number of pages: 25 Posted: 20 Mar 2008 Last Revised: 05 Mar 2009
Tanju Yorulmazer
Koc University
Downloads 2,678 (7,049)
Citation 7

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contagion, bank run, liquidity, event study, systemic risk, bailout

2.

Network Models and Financial Stability

Bank of England Working Paper No. 346
Number of pages: 29 Posted: 08 Oct 2008
Erlend W. Nier, Jing Yang, Tanju Yorulmazer and Amadeo Alentorn
International Monetary Fund (IMF), Bank of England, Koc University and University of Essex
Downloads 1,322 (21,467)
Citation 81

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Networks, financial stability, contagion, liquidity risk

3.
Downloads 1,020 ( 31,328)
Citation 81

Crisis Resolution and Bank Liquidity

AFA 2009 San Francisco Meetings Paper
Number of pages: 50 Posted: 25 Mar 2008 Last Revised: 11 Nov 2010
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 332 (127,672)

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Cash, Cash holdings, Crises, Systemic risk, Distress, Liquidation cost, Limited pledgeability

Crisis Resolution and Bank Liquidity

Review of Financial Studies, Forthcoming
Number of pages: 66 Posted: 22 Jan 2010
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 322 (131,839)
Citation 14

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Cash, Cash holdings, Hoarding, Systemic risk, Fire sales

Crisis Resolution and Bank Liquidity

Number of pages: 50 Posted: 08 May 2007 Last Revised: 11 Nov 2010
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 185 (226,860)

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Crises, Systemic risk, Distress, Liquidation cost, Limited pledgeability

Crisis Resolution and Bank Liquidity

NYU Working Paper No. 2451/29540
Number of pages: 66 Posted: 09 Mar 2009 Last Revised: 10 Sep 2013
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 122 (318,237)

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Crisis Resolution and Bank Liquidity

NBER Working Paper No. w15567
Number of pages: 50 Posted: 08 Dec 2009 Last Revised: 16 Jul 2022
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 59 (495,065)

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Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

Number of pages: 42 Posted: 29 Sep 2008 Last Revised: 01 Oct 2015
ProfessorNew York University - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 607 (62,377)
Citation 25

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Competition, Interbank lending, Market power, Asset specificity, Central bank, Lender of last resort

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

INSEAD Working Paper No. 2011/41/FIN
Number of pages: 53 Posted: 25 Mar 2011
ProfessorNew York University - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 361 (116,341)
Citation 12

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Competition, Interbank Lending, Market Power, Asset Specificity, Central Bank, Lender of Last Resort

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

NYU Working Paper No. 2451/29539
Number of pages: 42 Posted: 26 Jun 2013
ProfessorNew York University - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 25 (684,144)

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5.
Downloads 990 ( 32,659)
Citation 141

Rollover Risk and Market Freezes

EFA 2009 Bergen Meetings Paper
Number of pages: 60 Posted: 11 Jan 2009 Last Revised: 09 Aug 2010
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and Koc University
Downloads 689 (52,869)
Citation 3

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financial crisis, credit risk, liquidation cost, repo, secured borrowing, asset-backed commercial paper.

Rollover Risk and Market Freezes

NYU Working Paper No. FIN-08-030
Number of pages: 60 Posted: 09 Mar 2009 Last Revised: 09 Aug 2010
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and Koc University
Downloads 222 (191,886)
Citation 1

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financial crisis, credit risk, liquidation cost, repo, secured borrowing, asset-backed commercial paper.

Rollover Risk and Market Freezes

NBER Working Paper No. w15674
Number of pages: 44 Posted: 25 Jan 2010 Last Revised: 01 May 2022
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and Koc University
Downloads 73 (442,906)
Citation 11

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Rollover Risk and Market Freezes

CEPR Discussion Paper No. DP7122
Number of pages: 56 Posted: 18 Feb 2009
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and Koc University
Downloads 6 (864,585)
Citation 46
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asset-backed commercial paper, credit risk, haircut, liquidation cost, repo, secured borrowing

6.

Has Financial Innovation Made the World Riskier? CDS, Regulatory Arbitrage and Systemic Risk

Number of pages: 39 Posted: 15 Nov 2012 Last Revised: 26 Apr 2013
Tanju Yorulmazer
Koc University
Downloads 657 (56,928)
Citation 16

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capital requirements, leverage, asset bubbles, deposit insurance

Too Many to Fail - An Analysis of Time-Inconsistency in Bank Closure Policies

Bank of England Working Paper No. 319, London Business School IFA Working Paper
Number of pages: 54 Posted: 05 Mar 2005
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University
Downloads 613 (61,479)
Citation 135

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Bank regulation, systemic risk, bailout, moral hazard, herding, too big to fail

Too Many to Fail - an Analysis of Time Inconsistency in Bank Closure Policies

Number of pages: 32 Posted: 06 Mar 2005
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University
Downloads 23 (700,246)
Citation 23
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Bank regulation, systemic risk, bailout, moral hazard, herding

Too Many to Fail - an Analysis of Time-Inconsistency in Bank Closure Policies

Journal of Financial Intermediation, Forthcoming
Posted: 22 Aug 2006
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University

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Bank regulation, systemic risk, bailout, moral hazard, herding, too big to fail

Information Contagion and Inter-Bank Correlation in a Theory Of Systemic Risk

London Business School Working Paper
Number of pages: 49 Posted: 30 Jan 2003
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University
Downloads 588 (64,822)
Citation 12

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Systemic risk, Contagion, Herding, Procyclicality, Information spillover, Inter-bank correlation

Information Contagion and Inter-Bank Correlation in a Theory Of Systemic Risk

Number of pages: 51 Posted: 05 Mar 2003
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University
Downloads 35 (614,671)
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Systemic risk, contagion, herding, procyclicality, information spillover, interbank correlation

9.
Downloads 586 ( 65,878)
Citation 15

Systemic Risk and Deposit Insurance Premiums

Economic Policy Review, Forthcoming
Number of pages: 11 Posted: 31 Oct 2009
ProfessorNew York University - Leonard N. Stern School of Business, Federal Reserve Bank of New York and Koc University
Downloads 377 (110,770)
Citation 8

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Systemic Risk and Deposit Insurance Premiums

Economic Policy Review, Vol. 16, No. 1, p. 89, August 2010
Number of pages: 11 Posted: 17 Sep 2010
ProfessorNew York University - Leonard N. Stern School of Business, Koc University and Federal Reserve Bank of New York
Downloads 209 (203,245)
Citation 13

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Financial Crisis, Too-Big-to-Fail, Fire Sales, FDIC, Time-Inconsistency, Too-Many-to-Fail

10.

Herd Behavior, Bank Runs and Information Disclosure

Number of pages: 38 Posted: 13 Sep 2004
Tanju Yorulmazer
Koc University
Downloads 578 (67,020)
Citation 5

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Herding, bank runs, information, disclosure

Cash-in-The-Market Pricing and Optimal Resolution of Bank Failures

EFA 2006 Zurich Meetings, Bank of England Working Paper No. 328
Number of pages: 67 Posted: 17 Mar 2005
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University
Downloads 526 (74,645)
Citation 53

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Bailouts, Systemic risk, Banking crises, Lender of last resort, Too many to fail, Time inconsistency, Herding

Cash-in-The-Market Pricing and Optimal Resolution of Bank Failures

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2705-2742, 2008
Posted: 15 Dec 2008
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University

Abstract:

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G21, G28, G38, E58, D62

12.
Downloads 511 ( 78,178)
Citation 22

Fire-Sale FDI

AFA 2008 New Orleans Meetings Paper, EFA 2008 Athens Meetings Paper
Number of pages: 45 Posted: 20 Mar 2007 Last Revised: 11 Nov 2010
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 353 (119,316)
Citation 24

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Fire sales, Capital flight, FDI flows, Financial crises, Foreign takeovers

Fire-Sale FDI

NYU Working Paper No. 2451/29541
Number of pages: 53 Posted: 08 Feb 2010 Last Revised: 10 Sep 2013
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 157 (261,250)

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Fire-Sale FDI

CEPR Discussion Paper No. DP6319
Number of pages: 48 Posted: 27 May 2008
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 1 (932,912)
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capital flight, FDI flows, financial crises, fire sales, foreign takeovers

13.

Limited Liability and Bank Herding

EFA 2004 MAASTRICHT
Number of pages: 43 Posted: 04 Nov 2003
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University
Downloads 468 (86,906)
Citation 2

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Systemic risk, Contagion, Procyclicality, Information spillover, Inter-bank correlation

14.
Downloads 400 (104,322)
Citation 30

Liquidity Hoarding

FRB of New York Staff Report No. 488
Number of pages: 66 Posted: 26 Mar 2011
Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Department of Economics and Koc University
Downloads 268 (159,563)
Citation 33

Abstract:

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interbank market, fire sale

Liquidity Hoarding

Number of pages: 58 Posted: 08 Mar 2011
Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Department of Economics and Koc University
Downloads 132 (299,919)
Citation 7

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Interbank Market, Fire Sale

15.

A Theory of Collateral for the Lender of Last Resort

Review of Finance, Forthcoming
Number of pages: 38 Posted: 28 Nov 2016 Last Revised: 15 Jan 2021
Dong Beom Choi, João A. C. Santos and Tanju Yorulmazer
Seoul National University - Business School, Federal Reserve Bank of New York and Koc University
Downloads 312 (136,957)
Citation 6

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Central Bank, Liquidity, Macroprudential policy, Externality, Interbank Market, Lending Facilities

16.
Downloads 310 (137,949)
Citation 23

A Theory of Slow-Moving Capital and Contagion

Number of pages: 45 Posted: 23 Jan 2009 Last Revised: 10 Nov 2010
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 188 (223,670)
Citation 23

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arbitrage, illiquidity, crises, spillover

A Theory of Slow-Moving Capital and Contagion

NYU Working Paper No. FIN-08-029
Number of pages: 45 Posted: 09 Mar 2009
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 116 (329,959)
Citation 1

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A Theory of Slow-Moving Capital and Contagion

CEPR Discussion Paper No. DP7147
Number of pages: 47 Posted: 18 Feb 2009
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 6 (864,585)
Citation 4
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arbitrage, crises, fire sales, illiquidity, spillover

17.

Bank Resolution Concepts, Tradeoffs, and Changes in Practices

Economic Policy Review, Forthcoming
Number of pages: 39 Posted: 10 Apr 2014
Phoebe White and Tanju Yorulmazer
Federal Reserve Banks - Federal Reserve Bank of New York and Koc University
Downloads 279 (153,748)
Citation 2

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bank failures, resolution

18.

Endogenous Choice of Bank Liquidity: The Role of Fire Sales

Bank of England Working Paper No. 376
Number of pages: 68 Posted: 12 Dec 2009
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 278 (154,332)
Citation 10

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Crises, systemic risk, distress, limited pledgeability, lender of last resort

19.

Bank Capital Structure, Fire Sales, and the Social Value of Deposits

Number of pages: 47 Posted: 06 Apr 2017 Last Revised: 26 Sep 2017
Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Department of Economics and Koc University
Downloads 224 (190,524)
Citation 6

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Bank Capital Structure, Overaccumulation, General Equilibrium, Incomplete Markets, Pecuniary Externalities, Regulation

20.

Watering a Lemon Tree: Heterogeneous Risk Taking and Monetary Policy Transmission

FRB of NY Staff Report No. 724
Number of pages: 55 Posted: 07 Sep 2017 Last Revised: 08 Apr 2020
Dong Beom Choi, Thomas M. Eisenbach and Tanju Yorulmazer
Seoul National University - Business School, Federal Reserve Bank of New York and Koc University
Downloads 220 (193,928)

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monetary policy transmission, financial frictions, heterogeneous agents, financial intermediation

21.

Stability of Funding Models: An Analytical Framework

Economic Policy Review, Vol. 20, No. 1, 2014
Number of pages: 19 Posted: 05 Mar 2014
Federal Reserve Bank of New York, Rutgers, The State University of New Jersey - Department of Economics, Wharton Financial Institutions Center and Koc University
Downloads 218 (195,645)
Citation 2

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financial crisis, bank run, market run, maturity, wholesale funding, liquidity

22.

Case Studies on Disruptions during the Crisis

Economic Policy Review, Vol. 20, No. 1, 2014
Number of pages: 12 Posted: 05 Mar 2014
Tanju Yorulmazer
Koc University
Downloads 162 (253,945)

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wholesale funding, money market mutual funds, commercial paper, repo, dollar swap lines, asset-backed commercial paper

23.

On the Dynamics and Severity of Bank Runs: An Experimental Study

Number of pages: 36 Posted: 06 Feb 2008 Last Revised: 28 Dec 2012
Andrew Schotter and Tanju Yorulmazer
New York University (NYU) - Department of Economics and Koc University
Downloads 139 (287,164)
Citation 13

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Bank runs, Banking crises, Informed depositors, Deposit insurance, Experiments

24.

Imperfect Competition in the Interbank Market for Liquidity as Arationale for Central Banking

NYU Working Paper No. FIN-09-031
Number of pages: 42 Posted: 08 Feb 2010
ProfessorNew York University - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 138 (288,754)

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25.

Literature Review on the Stability of Funding Models

Economic Policy Review, Vol. 20, No. 1, 2014
Number of pages: 14 Posted: 05 Mar 2014
Tanju Yorulmazer
Koc University
Downloads 110 (340,630)

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liquidity transformation, maturity transformation, bank run

26.

What Makes Large Bank Failures so Messy and What to Do About it?

Economic Policy Review, Forthcoming
Number of pages: 41 Posted: 10 Apr 2014
Wharton Financial Institutions Center, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Koc University
Downloads 95 (374,848)
Citation 1

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27.

Whatever It Takes: Market Maker of Last Resort and its Fragility

Number of pages: 35 Posted: 30 Dec 2021 Last Revised: 31 Mar 2022
Dong Beom Choi and Tanju Yorulmazer
Seoul National University - Business School and Koc University
Downloads 74 (434,559)

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market maker of last resort, liquidity, central bank intervention, multiple equilibria, time inconsistency

Imperfect Competition in the Inter-Bank Market for Liquidity as a Rationale for Central Banking

EFA 2008 Athens Meetings Paper
Number of pages: 35 Posted: 07 Mar 2008
ProfessorNew York University - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 25 (684,144)
Citation 19

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Competition, Inter-bank lending, Market power, Asset specificity, Lender of last resort

Imperfect Competition in the Inter-Bank Market for Liquidity as a Rationale for Central Banking

CEPR Discussion Paper No. DP6984
Number of pages: 41 Posted: 02 Dec 2008
ProfessorNew York University - Leonard N. Stern School of Business, HEC Paris and Koc University
Downloads 9 (831,477)
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Asset specificity, Central bank, Competition, Interbank lending, Lender of last resort, Market power

29.

Cash-in-The-Market Pricing and Optimal Bank Bailout Policy

CEPR Discussion Paper No. 5154
Number of pages: 58 Posted: 17 Aug 2005
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University
Downloads 18 (718,955)
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Bank regulation, systemic risk, banking crises, time inconsistency, too many to fail, herding

30.

Fire Sales, Foreign Entry and Bank Liquidity

CEPR Discussion Paper No. DP6309
Number of pages: 62 Posted: 27 May 2008
ProfessorNew York University - Leonard N. Stern School of Business, Bank for International Settlements (BIS) and Koc University
Downloads 6 (831,732)
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crises, distress, limited pledgeability, liquidation cost, systemic risk

31.

Information Contagion and Bank Herding

Journal of Money, Credit, and Banking, Forthcoming
Posted: 28 Oct 2006
Viral V. Acharya, Viral V. Acharya and Tanju Yorulmazer
ProfessorNew York University - Leonard N. Stern School of Business and Koc University

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Systemic risk, Information spillover, Inter-bank correlation