Contact Information
202-452 3755
bora.durdu@frb.gov

Fields of Interest
International Finance
Macroeconomics
Computational Techniques

Education
Ph.D., Economics, University of Maryland, 2006
M.A., Economics, University of Maryland, 2004
B.S., Industrial Engineering, Bilkent University, 2001

Professional Experience
Board of Governors of the Federal Reserve System, 2007-present
Economist, Congressional Budget Office, 2006-2007
Dissertation Intern, Board of Governors of the Federal Reserve System, 2005
Ph.D. Intern, Bank of England, 2004

Selected Publications

• Emerging Market Business Cycles Revisited: Learning about the Trend (with Emine Boz and Christian Daude), International Finance Discussion Papers 927. Washington: Board of Governors of the Federal Reserve System, 2008.
• ''Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism'' (with Enrique G. Mendoza and Marco Terrones), Journal of Development Economics (forthcoming).
• Quantitative Implications of Indexed Bonds in Small Open Economies, International Finance Discussion Papers 909. Washington: Board of Governors of the Federal Reserve System, 2007.
• ''Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff'' (with Enrique G. Mendoza), Journal of International Economics, vol. 69 (June 2006), pp. 84-119.
• ''Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees'' (with Enrique G. Mendoza), Proceedings, Federal Reserve Bank of San Francisco (June 2004).