Prof. Dr. Aysu İnsel

CV Prof. Dr. Aysu İnsel 1 Dean, School of Economics and Administrative Sciences Mahmutbey mah. Dilmenler cad. No:26 Bagcilar, 34217 Istanbul Turkey Tel: +90 212 604 01 00-1420 or 1421 Fax: +90 212 4459255 E-mail: aysu.insel@kemerburgaz.edu.tr aysu.insel@gmail.com University Page: http://www.kemerburgaz.edu.tr

Education: Institution University of Southampton, UK, 1987-1991 University of Southampton, UK, 1986-1987 University of Southampton, UK, 1985-1986 Hacettepe University, Ankara, Turkey, 1980-1984 Degree(s) or Diploma(s) obtained Ph.D. in Economics M.Sc. in Economics and Econometrics Certificate in Economics and Econometrics BA in Economics 2 Current Employment: Istanbul Kemerburgaz University Employment: Marmara University (June, 1991 January, 2013) Positions: Prof., since 2001; Assoc. Prof.: 1994; Asst. Prof: 1992; Dr.: 1991. Faculty of Economics, Department of Economics (Ingilizce iktisat) Goztepe Campus, Kadikoy 34722 istanbul Turkey Teaching Interest: Undergraduate (Teaching in English) Econometrics I, II (1991-2001) (2007-2013/1) Mathematical Statistics I, II (2001-2013/1) Applied Econometrics I, II (1998-2010) Graduate (Teaching in English) Advanced Econometrics, (M.A.) (1992-95, 1996-97) (2007-2013) Independent Research Paper, (PhD) (2003-2012) Topics in Econometrics and Statistics, (PhD) (2007-2012) Applied Econometrics (M.A) (2001-2010)

Recent Research Interest: Econometrics Modeling: Time Series and Panel data International Economics: Gulf Cooperation Council Countries and Former Soviet Economies Crisis-Contagion Effect: Financial Turbulences and the Transmission Process of Financial Crises Migration and Trade Turkey and EU countries International Economics - Current Account Deficits Economic Applications of Neural Networks 3 Previous Research Interest: Private Sector Saving Behavior in Turkey Financing Budget Deficits and Inflation in Turkey Econometric Analysis of Demand for Money in Turkey Effects of Foreign Capital Inflows on the Main Macroeconomic Indicators in Turkey Financial Liberalization and Business Cycles Membership of Professional Associations: Turkish Economic Association American Economic Association Middle East Economic Association Swiss Society of Economics and Statistics International Atlantic Economic Society Fellowships and Grants: Scholarship for M.Sc. and Ph.D. Education by Ministry of Education, Turkish Government, 1985-1990.

British Council Research Fellowship, Department of Economics, University of Southampton, England, July-August 1993. Visiting Fellow in School of Economics, the Department of Economics, University of New South Wales, Sydney, Australia, February -June 1995. Visiting Fellow in the Department of Economics, York University, Canada, November 2004. Visiting Fellow in the Faculty of Business and Management, Vilnius Gediminas Technical University, Lithuania, May 2008. Marmara University Scientific Research Projects Unit, Research Project Grant, 2005-2008. 4 Key Qualifications and Experiences: For university: Teaching, supervising, coordinating seminars, conferences and research in Marmara University. Teaching Time series Econometrics courses at the Summer School, Pamukkale University. Expert on Econometrics and Statistics: Time series analysis, econometric modelling and panel data; Data analysis. Expert on Economics: Turkish Economy, Macroeconomics, International Economics and Trade, Migration, Economic Crisis. For European Commission: Independent expert, coordinator, team leader, and adviser. FP6 and FP7- Marie Curie Project Evaluator, Independent Expert on Marie Curie Calls (ITN, RG, CIG, IIF, IOF, IEF), European Commission, Brussels/Belgium, since 2002- Current. For the professional bodies: Active board member, referee, researcher, discussant, evaluator. Referee/Reviewer for Journal of Macroeconomics; İktisat İşletme ve Finans Dergisi; Turkish Economic Association; African Journal of Business Management; Applied Economics; Biomass and Bioenergy, Journal of Business, Economics and Management.

For non-profit sector: Member of scientific board of Turkish Education Foundation (TEV). Evaluator for TEV Leadership grants, TEV-British Council and TEV-DAAD Scholarships, Istanbul, since 2007- current. For business sector: Writing monthly article on Economics to discuss recent developments; Vira Haber- Sea Culture and News Magazine; 2009-2010. 5 Other Professional Experience Record: Date Location Company Position Description 1999- Current 2007- Current 2007-2009 2004-2006 Ankara/Turkey Istanbul/Turkey Ankara/Turkey Istanbul/Turkey Turkish Economic Association (TEK) Member, Conference Organization, Referee, Evaluator Marmara University Research Centre For Member of Advisory International Relations Board (MURCIR) Turkish Scientific And Technological Research Council (TÜBİTAK) Marmara University Project Evaluator/FP7 Project Adviser Institutional Socrates/Erasmus Coordinator Member of Conference Organization Committee Provides Academic Forum and Research on Recent Developments in International Relations. Evaluation of Social Science/ Giving Seminars on EU Projects EU-Socrates/Erasmus Programme Coordinator, Marmara University Publication: 2001-2012 Articles: 1. Yildiz E., Insel A. and Karakas M., (2012), Institutions versus Institutions: Mode of Foreign Direct Investment Inflows into Turkey, (Referee/Review process) 2. Karakas M., Insel A. and Sualp M. N. (2012), Alternative models on manipulation detection in an emerging stock market: The Turkish Case, (Referee/Review process)

3. Insel, A., and Kayikci, F. (2012), Determinants of the Current Account Deficits in Turkey: ARDL Approach. Economic Research (forthcoming) 4. Insel, A., ve Kayikci, F., (2012), Excessiveness of Current Account Deficit in Turkey, International Journal of Economic Perspectives, (forthcoming). 5. Insel, A., ve Kayikci, F., (2012), Evaluation of Sustainability of Current Account Deficits in Turkey Modern Economy, Vol. 03, Issue: 01, pp. 43-50, January. 6. Insel, A. and M. Tekce, (2011), "Bilateral Trade Flows in the Gulf Cooperation Council Countries: What happened to the Middle East Integration after 2003? Journal of Economic Integration, Vol. 26, No: 2, pp. 244-275, June. 7. Korkmaz, A. and Insel A. (2010), "The Contagion Effect: Evidences from Former Soviet Economies in Eastern Europe", International Journal of Finance and Economics, Issue 55, Euro-Journals Publishing, p.118-134. 8. Insel, A., Karakas M. and Sualp M. N. (2010), "A Comparative Analysis of the ARMA and Neural Networks Models: A Case of Turkish Economy". Iktisat Isletme ve Finans Dergisi, Cilt 25, Sayı 290, Mayıs. 9. Insel A, Sualp M. N, (2009), Is it a Puzzle to Estimate Econometrics Models for the Turkish Economy?, Marmara Universitesi, I.I..B.F. Dergisi, Cilt. XXVII, Sayı II, (pp. 21 48). 10. Insel, A., Tekce M. (2009), "Bilateral Trade Flows of The Gulf Cooperation Council Countries: A New Approach To Gravity Model", Topics In Middle Eastern And North African Economies, Electronic Journal, Volume 11, Middle East Economic Association And Loyola University Chicago. 11. Insel, A. (2001), "The Relationship between Macroeconomic Policy and Performance Indicators in the Turkish Economy and an Inflation Analysis" Isletme ve Finans, Monthly Periodical Dealing with Financial and Economic Problems, Vol.182. 12. Insel, A. and Yalim C. (2001), "The Consumer Behaviour in Turkey", Isletme ve Finans, Monthly Periodical Dealing with Financial and Economic Problems, Vol.179, February, (In Turkish). 6

Discussion Papers: 1) Korkmaz, A. and Insel A. (2010), "The Contagion Effect: Evidences from Former Soviet Economies in Eastern Europe" MPRA Munich Personal RePEc Archive, 24999/1. 2) Insel, A. and Cakmak Sungur N.(2010), "The Impacts of the Turkish Emigrants on Turkish Exports and Imports in Europe" MPRA Munich Personal RePEc Archive 22100/3. 3) Insel, A. Tekce, M. (2009), "Modelling The Trade Flows of The Gulf Cooperation Council Countries: A New Approach To Gravity Model", Turkish Economic Association Discussion Paper http://www.tek.org.tr/dosyalar/insel&tekce-gcc-010909.pdf. MPRA Munich Personal RePEc Archive http://mpra.ub.uni-muenchen.de/22130/1/mpra_paper_22130.pdf 4) Insel, A., Sualp M. N., (2009), "Is It A Puzzle To Estimate Econometric Models For The Turkish Economy?" Turkish Economic Association Discussion Paper 5) http://www.tek.org.tr/dosyalar/insel&sualp-14ekim-09.pdf 6) Insel, A., Soytas M. A., and Gunduz S., (2004), "The Direction, Timing and Causality Relationships between the Cyclical Components of Real and Financial Variables during the Financial Liberalization Period in Turkey" Turkish Economic Association Discussion Paper 2004/1. 7) Insel, A. and Sungur, N. (2003), "The Impact of Foreign Capital Flows on the Main Macroeconomic Indicators-Turkish Case: 1989.Q3-1999.Q4" Turkish Economic Association Discussion Paper 2003/8, (In Turkish). 7 Projects: Insel A., Sualp M.N., "An Analysis and the Estimation of Turkish Business Cycles by Neural Networks", Supported By Marmara University Scientific Research Project Center (BAPKO), Marmara University, Istanbul, 2005-2008. Centre of European Policy Studies (CEPS /ENEPRI), Network /Collaboration, Team Leader, Brussels/Belgium, 2006-2007.

Centre for Social and Economic Research (CASE), Team Leader, Collaboration on FP7 SSH-2007-3.1.3 Migration Project, Turkish team member of CASE, Warsaw/Poland, 2007. Berksoy T, Dogruel S, Dogruel F, Insel A, and Sungur N, Inflation in Turkey", supported by the Turkish Exporters Association, July, 1996. (In Turkish). Conferences: 8 Korkmaz, A., Insel A. and Korkmaz S., (2013), Transmission Process of Financial Crises in The Middle East: Is a Second Generation Monsoonal Effect Matter? 33rd Annual Meeting of The Middle East Economic Association (MEEA), ASSA, San Diego, CA, January 4-7. G. E. Yucel, and Insel A., (2012), "Investigation of New Insights on Exports between Turkey and GCC Countries", 3. International Conference on Economic, Debt Dynamics, Financial Instability and the Great Recession, 1-3 November, Izmir, Turkey. Korkmaz, A., Insel A. and Korkmaz S., (2012), "Does the Contagion Always Keep up with the Interdependence, 3. International Conference on Economic, Debt Dynamics, Financial Instability and the Great Recession, 1-3 November, Izmir, Turkey. G. E. Yucel, B Eris and Insel A., (2012), "Investigation of New Insights on Exports between Turkey and GCC Countries", International Conference for Economic, Business and Financial Challenge, 16-18 May, Dead Sea, Jordan. Korkmaz, A. and Insel A. (2010), "The Contagion Effect: Evidences from Former Soviet Economies in Eastern Europe", the International Conference on Economics, Turkish Economic Association, ICE-TEA 2010, September 1 3, Girne-TRNC. Insel A. and N. Sungur Cakmak, (2010), The Impacts of the Turkish Emigrants on Turkish Exports and Imports in Europe, Annual Meeting Swiss Society of Economics and Statistics, University of Fribourg, June 24-25, Switzerland. Insel, A., Sungur Cakmak N., Okten, A., (2010), "The Link between the Turkish Emigrants and the Turkish Trade in Europe", 30th Annual Meeting of the MEEA in conjunction with the Annual Meeting of the ASSA, January 3-6, Atlanta, USA. Insel, A. Tekce, M. (2009), "Modelling the Trade Flows of The Gulf Cooperation Council Countries: A New Approach to Gravity Model", EBES Conference, 2 June, Istanbul.

Insel, A., Tekce M. (2009), "Bilateral Trade Flows of the Gulf Cooperation Council Countries: A New Approach to Gravity Model", 29 th Annual Meetings of the Middle East Economic Association (MEEA), 2 January, San Francisco, CA, USA. Insel, A. (2004), "The Sources and Patterns of Business Cycle in Turkey", Department of Economics, York University, York, Canada. Gunduz S., Insel A. and Soytas, M. A. (2003), Financial Integration and Business Cycle: The Impacts of Credit Market on the Volatility of Consumption and Investment in Turkey, the ERC/METU International Conference in Economics VII, September, Ankara. 9 Articles at Vira Haber: http://www.virahaber.com/ With Ercan Sarıdoğan Dünya Ekonomisinde Konjonktür Eğilimleri ve Kriz, April 2009. Dünya ve Türkiye Ekonomisinde Konjonktür Eğilimleri, May 2009. Dünya Ekonomisinde Konjonktür Eğilimleri, June 2009. İktisat Denizinde Fırtına: Yaratıcı Yıkım ve İnovasyon Dalgaları, July 2009. Körfez İşbirliği Konseyi Ülkeleri: Küreselleşme Sürecine Geçiş, August 2009. İktisadi Ekosistemde Kriz Bombası Kamu Sektörünün Elinde mi?, September 2009. ABD Ekonomisinde Resesyonları Anlamada Kurumsal Karlar ve Finans Sektörünün Rolü, October 2009. With Nesrin Sungur Cakmak: Türkiyeli Göçmenlerin Türkiye nin Dış Ticareti Üzerinde Etkileri Oldu mu?, January 2010. With Bilge Eris and Burcu Duzgun: Türkiye Ekonomisinde Bilginin Yeri ve Beşeri Sermayenin Önemi, February 2010.

Publications, Conferences, Seminars: 1989-2000 Insel A, McKenzie G., (1989), "Econometric Modeling of the Turkish Financial Sector: (1964-1986)", Department of Economics, University of Southampton, Discussion Papers in Economics and Econometrics, No: 8905, May, England. Insel A., McKenzie G., (1989), "The Turkish Private Sector Saving Behaviour (1964-1986)", Department of Economics, University of Southampton, Discussion Papers in Economics and Econometrics, No: 8909, July, England. Insel A, (1992), "The Determination and Impacts of Private Sector Savings in Turkey: 1968-1991", METU 3rd National Social Sciences Congress, 21-23 October, Ankara. (In Turkish) Ertel (Sungur) N, Insel A., (1993), "The Process of Chronic Inflation in Turkey and the Effectiveness of Anti-inflationary Policy Tools: 1981-1991", METU Studies in Development, Vol: 20, No: 3. (In Turkish) Insel A, (1994), "Turkish Private Sector Saving Behaviour -Test for Money Illusion: (1968-1991)" Marmara University, Department of Economics, Working Paper No: 94-01, January. Insel A., (1994), "The Transmission Mechanism and the Role of Real Net Financial Wealth in the Economic and Econometric Studies", Marmara University, Department of Economics, Working Paper No: 94-02, March. Insel A, (1994), "Methodology for Modeling Dynamic Relationships", Marmara University, Journal of Statistical and Econometric Research and Application Centre, No: 1, April. Insel A., Saltoglu B., (1994), "Government Deficits, Debt Financing and Ricardian Equivalence Test for the Turkish Economy (1963-1990)", Marmara University, the Journal of Contemporary Management, No: 7, August. Insel A, (1994), "The Theory of Investment Behaviour", Marmara University, The Journal of Contemporary Management, No: 7, August. Insel A, (1994), "The Propensity of Saving in the Private Sector", Görüs Journal, No: 16, October. (In Turkish) Insel A, (1994) "Theory of Saving Behaviour: A Survey", Social Sciences Journal, Vol: 1, No: 3, November. 10

Insel A, (1995), "The Relationship Between the Inflation Rate and Money Financed Deficit in Turkey: 1987-1993", Discussion Paper, No.95-31, School of Economics, The University of New South Wales, Sydney, Australia. Insel A, (1997), "The Demand for Money in Turkey: An Econometric Investigation (1985Q2-1995Q4)", Presented at the erc/metu International Congress in Economics I, September, Ankara. Insel, A. (1997), "Deficit Financing", Encyclopaedia of Money and Finance, Edited by D. Gökçe, Creative Yayıncılık ve Tanıtım Ltd. Sirketi., Vol.1:A-E (in Turkish). Insel, A. (1997), "Saving Behaviour", Encyclopaedia of Money and Finance, Edited by D. Gökçe, Creative Yayıncılık ve Tanıtım Ltd. Sirketi., Vol.1:A-E (in Turkish). Insel, A. (1999), "Macroeconomic Indicators in Turkey: Do We Have Recession?" seminar for Hungarian visiting students, Marmara University, Business and Administration Department, May, Istanbul. Insel, A. (2000), "The Meaning of Macroeconomic Indicators and an Evaluation of the Turkish Economy", seminar for Executive Development Program, Marmara University, May, Istanbul, (in Turkish). Insel, A. and Sungur, N. (2000), "The Impact of Foreign Capital Flows on the Main Macroeconomic Indicators-Turkish Case: 1989.Q3-1999.Q4", presented at the erc/metu International Conference in Economics IV, September, Ankara, (in Turkish). 11 Supervised Theses: MA Theses: Jemberu Lulie, An Assessment on the Global Financial Crisis Impact and Transmission Channels in to Sub-Saharan Africa (Transferred) Nurullah Gür, The Effects of Environmental and Energy Policies on Economic Development, 2008. Akif Moroğlu, Inflation Targeting As a Cure and the Case of Turkey, 2007. Ufuk Güneş Bebek, An Assessment of the Impact of Custom Union on Turkish Bilateral Trade Flows with the EU: A Gravity Model Approach, 2006. Gizem Öztok, Turkish Macroeconomic Cycles in the EU Perspective: A Convergence Discussion, 2005. Sadullah Çelik, Cointegration Analysis of Purchasing Power Parity, 1994.

PhD Theses: Ekrem Kılıç, Agent-Based Simulation Models: Evolutionary Modeling of Microeconomics and Macroeconomics. (Transferred)) Umut Gündüz, Growth Path of Capital Fractions in the Context of State-Capital Relations. (Transferred)) Bilge Eriş, Over-education and Labour Market Mismatch in Turkish Labour Market. January 2013 Mesut Karakaş, An Analysis of Behavioral Aspects of Economic Agents in Turkey. 2012. Fazıl Kayikçi, Is Current Account Deficit Sustainable in Turkey? A Macroeconometric Approach, 2011. 12