Details about Kamil Yilmaz

E-mail:
Homepage:	https://sites.google.com/view/kamilyilmaz/
Phone:	+902123381458
Postal address:	Koc University Rumeli Feneri Yolu Sariyer 34450 Istanbul Turkey
Workplace:	İktisat Bölümü (Department of Economics), İktisadi ve İdari Bilimler Fakültesi (College of Administrative Sciences and Economics), Koç Üniversitesi (Koc University), (more information at EDIRC) Economic Research Forum (ERF), (more information at EDIRC)

Access statistics for papers by Kamil Yilmaz.

Last updated 2025-02-25. Update your information in the RePEc Author Service.

Short-id: pyi43

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Working Papers

2025

1. Clustered Network Connectedness: A New Measurement Framework with Application to Global Equity Markets
   Papers, arXiv.org
2. Kahramanmaraş Depremlerinin Mikro Veriye Dayalı Ekonomik Etki Analizi
   Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum
3. Propagation of Foreign Trade Shocks through Domestic Supply Chain Networks: Evidence from Turkish Firms
   Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey

2023

4. On the Past, Present, and Future of the Diebold-Yilmaz Approach to Dynamic Network Connectedness
   Papers, arXiv.org View citations (13)
   Also in Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2022) View citations (3)

2021

5. Transition to Democracy, Real Wages and Productivity: The Turkish Experience
   Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (1)
6. Unconventional Monetary Policy and Bond Market Connectedness in the New Normal
   Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (1)

2020

7. Macro-Financial Spillovers
   Working Papers, Geary Institute, University College Dublin View citations (3)
   See also Journal Article Macro-financial spillovers, Journal of International Money and Finance, Elsevier (2023) View citations (5) (2023)
8. Polarized Politics of Pandemic Response and the Covid-19 Connectedness Across the U.S. States
   Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (3)

2018

9. Bank Volatility Connectedness in South East Asia
   Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (3)
10. Financial Sector Volatility Connectedness and Equity Returns
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (6)
11. Measuring Dynamic Connectedness with Large Bayesian VAR Models
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (76)
    Also in Essex Finance Centre Working Papers, University of Essex, Essex Business School (2018) View citations (54)
12. Measuring Real-Financial Connectedness in the U.S. Economy
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (1)
    Also in Working Papers, Gebze Technical University, Department of Economics (2018) View citations (1)
    See also Journal Article Measuring real–financial connectedness in the U.S. economy, The North American Journal of Economics and Finance, Elsevier (2021) View citations (1) (2021)
13. Producer Price Inflation Connectedness and Input-Output Networks
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (5)

2017

14. Commodity Connectedness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2017) View citations (40)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2017) View citations (42)
    See also Chapter Commodity Connectedness, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2018) View citations (8) (2018)
15. Estimating Global Bank Network Connectedness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    Also in Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2015) View citations (22)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2015) View citations (20)
    See also Journal Article Estimating global bank network connectedness, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2018) View citations (264) (2018)
16. Mixed-Frequency Macro-Financial Spillovers
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (7)
    Also in Working Papers, Geary Institute, University College Dublin (2017) View citations (9)
17. Political economy of industrial policy in Turkey: The case of the automotive industry
    Global Development Institute Working Paper Series, GDI, The University of Manchester View citations (2)

2015

18. How Connected is the Global Sovereign Credit Risk Network?
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (19)
    See also Journal Article How connected is the global sovereign credit risk network?, Journal of Banking & Finance, Elsevier (2020) View citations (84) (2020)

2014

19. Demokrasiye Gecis, Reel ucretler ve Verimlilik: Turk Imalat Sanayiinden Bulgular
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (2)
20. Volatility Connectedness of Bank Stocks Across the Atlantic
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (3)

2013

21. Measuring the Dynamics of Global Business Cycle Connectedness
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (39)
22. THE IMPACT OF FDI ON FIRM SURVIVAL AND EMPLOYMENT: A COMPARATIVE ANALYSIS FOR TURKEY AND ITALY
    ERSA conference papers, European Regional Science Association View citations (2)

2011

23. On the Network Topology of Variance Decompositions: Measuring the Connectedness of Financial Firms
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (74)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (56)
    Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (30)
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2011) View citations (52)
    See also Journal Article On the network topology of variance decompositions: Measuring the connectedness of financial firms, Journal of Econometrics, Elsevier (2014) View citations (2086) (2014)

2010

24. Better to Give than to Receive: Predictive Directional Measurement of Volatility Spillovers
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (47)
    See also Journal Article Better to give than to receive: Predictive directional measurement of volatility spillovers, International Journal of Forecasting, Elsevier (2012) View citations (2467) (2012)
25. Global Links and Local Bonds: The Role of Ownership and Size in Productivity Growth
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (3)
26. Para Politikasi Beklentilerinin Sermaye Piyasalari Üzerindeki Etkisi
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (6)
    See also Journal Article Para politikası beklentilerinin sermaye piyasaları üzerindeki etkisi, Iktisat Isletme ve Finans, Bilgesel Yayincilik (2010) View citations (5) (2010)
27. Taking Stock: The Customs Union between Turkey and the EU Fifteen Years Later
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (3)

2009

28. Asymmetric Response to Monetary Policy Surprises at the Long-End of the Yield Curve
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum
    See also Journal Article Asymmetric response to monetary policy surprises at the long-end of the yield curve, Journal of Macroeconomics, Elsevier (2012) View citations (5) (2012)
29. Business Cycle Spillovers
    2009 Meeting Papers, Society for Economic Dynamics View citations (15)
30. Foreign Direct Investment and Productivity Spillovers: Identifying Linkages through Product-based Measures
    MPRA Paper, University Library of Munich, Germany View citations (10)
31. International Business Cycle Spillovers
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (15)
32. Return and Volatility Spillovers among the East Asian Equity Markets
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (1)
    See also Journal Article Return and volatility spillovers among the East Asian equity markets, Journal of Asian Economics, Elsevier (2010) View citations (165) (2010)
33. The Intertemporal Relation between Expected Return and Risk on Currency
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (3)
34. Turkey's Recent Trade and Foreign Direct Investment Performance
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (9)

2008

35. Integration with the Global Economy: The Case of Turkish Automobile and Consumer Electronics Industries
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (12)
36. Macroeconomic Volatility and Stock Market Volatility, World-Wide
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (26)
    Also in Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2007) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (52)
37. Measuring Financial Asset Return and Volatility Spillovers, With Application to Global Equity Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2007) View citations (10)
    Working Papers, Federal Reserve Bank of Philadelphia (2008) View citations (70)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2007) View citations (15)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2008) View citations (36)
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2007) View citations (10)
    See also Journal Article Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets, Economic Journal, Royal Economic Society (2009) View citations (1674) (2009)
38. Turkiye Imalat Sanayiinde Yapisal Dönüsüm ve Teknolojik Degisme Dinamikleri
    ERC Working Papers, ERC - Economic Research Center, Middle East Technical University View citations (3)

2007

39. History Matters for the Export Decision Plant Level Evidence from Turkish Manufacturing Industry
    ERC Working Papers, ERC - Economic Research Center, Middle East Technical University View citations (4)
    Also in Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2007) View citations (2)
    See also Journal Article History Matters for the Export Decision: Plant-Level Evidence from Turkish Manufacturing Industry, World Development, Elsevier (2009) View citations (26) (2009)
40. Productivity and Trade Orientation: Turkish Manufacturing Industry Before and After the Customs Union
    MPRA Paper, University Library of Munich, Germany View citations (25)
41. Productivity response to reduction in trade barriers: Evidence from Turkish manufacturing plants
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (9)
    See also Journal Article Productivity response to reduction in trade barriers: evidence from Turkish manufacturing plants, Review of World Economics (Weltwirtschaftliches Archiv), Springer (2009) View citations (17) (2009)

2000

42. Türk telekomünikasyon sektöründe reform: Özelleştirme, düzenleme ve serbestleşme
    (Reform in the Turkish telecommunications sector: Privatisation, regulation, and liberalisation)
    MPRA Paper, University Library of Munich, Germany View citations (1)

1999

43. Markov Chain Test for Time Dependence and Homogeneity: An Analytical and Empirical Evaluation
    Working Papers, Koc University
    See also Journal Article Markov chain test for time dependence and homogeneity: An analytical and empirical evaluation, European Journal of Operational Research, Elsevier (2002) View citations (11) (2002)
44. Nash and Stackelberg Optimum Export Taxes
    Working Papers, Koc University

1998

45. Asset Returns, Inflation and Real Activity: The Case of Mexico and Turkey
    Working Papers, Koc University View citations (6)

1997

46. Machinery Investment and Export Competitiveness
    Working Papers, Koc University View citations (1)

1994

47. Is there persistence in the growth of manufactured exports? Evidence from newly industrializing countries
    Policy Research Working Paper Series, The World Bank View citations (1)
    See also Journal Article Is there persistence in the growth of manufactured exports? Evidence from newly industrializing countries, Journal of Development Economics, Elsevier (1997) View citations (8) (1997)

1993

48. On cointegration and exchange rate dynamics
    Working Papers, Federal Reserve Bank of Philadelphia View citations (19)
    See also Journal Article On Cointegration and Exchange Rate Dynamics, Journal of Finance, American Finance Association (1994) View citations (137) (1994)

Journal Articles

2024

1. Is there a virtuous cycle between wages and productivity? Turkish experience after the transition to democracy
   World Development, 2024, 175, (C)

2023

2. Macro-financial spillovers
   Journal of International Money and Finance, 2023, 133, (C) View citations (5)
   See also Working Paper Macro-Financial Spillovers, Working Papers (2020) View citations (3) (2020)
3. Reprint of: On the network topology of variance decompositions: Measuring the connectedness of financial firms
   Journal of Econometrics, 2023, 234, (S), 70-90

2021

4. Measuring real–financial connectedness in the U.S. economy
   The North American Journal of Economics and Finance, 2021, 58, (C) View citations (1)
   See also Working Paper Measuring Real-Financial Connectedness in the U.S. Economy, Koç University-TUSIAD Economic Research Forum Working Papers (2018) View citations (1) (2018)

2020

5. How connected is the global sovereign credit risk network?
   Journal of Banking & Finance, 2020, 113, (C) View citations (84)
   See also Working Paper How Connected is the Global Sovereign Credit Risk Network?, Koç University-TUSIAD Economic Research Forum Working Papers (2015) View citations (19) (2015)
6. Real-financial connectedness in the Swiss economy
   Swiss Journal of Economics and Statistics, 2020, 156, (1), 1-20 View citations (7)

2018

7. Estimating global bank network connectedness
   Journal of Applied Econometrics, 2018, 33, (1), 1-15 View citations (264)
   See also Working Paper Estimating Global Bank Network Connectedness, NBER Working Papers (2017) View citations (51) (2017)

2016

8. Trans-Atlantic Equity Volatility Connectedness: U.S. and European Financial Institutions, 2004–2014
   Journal of Financial Econometrics, 2016, 14, (1), 81-127 View citations (110)

2014

9. On the network topology of variance decompositions: Measuring the connectedness of financial firms
   Journal of Econometrics, 2014, 182, (1), 119-134 View citations (2086)
   See also Working Paper On the Network Topology of Variance Decompositions: Measuring the Connectedness of Financial Firms, PIER Working Paper Archive (2011) View citations (74) (2011)

2012

10. Asymmetric response to monetary policy surprises at the long-end of the yield curve
    Journal of Macroeconomics, 2012, 34, (2), 404-418 View citations (5)
    See also Working Paper Asymmetric Response to Monetary Policy Surprises at the Long-End of the Yield Curve, Koç University-TUSIAD Economic Research Forum Working Papers (2009) (2009)
11. Better to give than to receive: Predictive directional measurement of volatility spillovers
    International Journal of Forecasting, 2012, 28, (1), 57-66 View citations (2467)
    See also Working Paper Better to Give than to Receive: Predictive Directional Measurement of Volatility Spillovers, Koç University-TUSIAD Economic Research Forum Working Papers (2010) View citations (47) (2010)

2010

12. Para politikası beklentilerinin sermaye piyasaları üzerindeki etkisi
    Iktisat Isletme ve Finans, 2010, 25, (296), 9-31 View citations (5)
    See also Working Paper Para Politikasi Beklentilerinin Sermaye Piyasalari Üzerindeki Etkisi, Koç University-TUSIAD Economic Research Forum Working Papers (2010) View citations (6) (2010)
13. Return and volatility spillovers among the East Asian equity markets
    Journal of Asian Economics, 2010, 21, (3), 304-313 View citations (165)
    See also Working Paper Return and Volatility Spillovers among the East Asian Equity Markets, Koç University-TUSIAD Economic Research Forum Working Papers (2009) View citations (1) (2009)

2009

14. Equity Market Spillovers in the Americas
    Journal Economía Chilena (The Chilean Economy), 2009, 12, (2), 55-65 View citations (9)
    See also Chapter Equity Market Spillovers in the Americas, Central Banking, Analysis, and Economic Policies Book Series, 2011, 15, 199-214 (2011) View citations (28) (2011)
15. History Matters for the Export Decision: Plant-Level Evidence from Turkish Manufacturing Industry
    World Development, 2009, 37, (2), 479-488 View citations (26)
    See also Working Paper History Matters for the Export Decision Plant Level Evidence from Turkish Manufacturing Industry, ERC Working Papers (2007) View citations (4) (2007)
16. Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets
    Economic Journal, 2009, 119, (534), 158-171 View citations (1674)
    Also in Economic Journal, 2009, 119, (534), 158-171 (2009) View citations (1765)
    See also Working Paper Measuring Financial Asset Return and Volatility Spillovers, With Application to Global Equity Markets, NBER Working Papers (2008) View citations (38) (2008)
17. Productivity response to reduction in trade barriers: evidence from Turkish manufacturing plants
    Review of World Economics (Weltwirtschaftliches Archiv), 2009, 145, (2), 339-360 View citations (17)
    See also Working Paper Productivity response to reduction in trade barriers: Evidence from Turkish manufacturing plants, Koç University-TUSIAD Economic Research Forum Working Papers (2007) View citations (9) (2007)

2006

18. How much should primary commodity exports be taxed? Nash and Stackelberg equilibria in the Global Cocoa Market
    The Journal of International Trade & Economic Development, 2006, 15, (1), 1-26 View citations (4)

2004

19. Volatility and contagion: evidence from the Istanbul stock exchange
    Economic Systems, 2004, 28, (4), 353-367 View citations (19)

2003

20. Martingale Property of Exchange Rates and Central Bank Interventions
    Journal of Business & Economic Statistics, 2003, 21, (3), 383-95 View citations (38)

2002

21. Imported Machinery for Export Competitiveness
    The World Bank Economic Review, 2002, 16, (1), 23-48 View citations (26)
22. Markov chain test for time dependence and homogeneity: An analytical and empirical evaluation
    European Journal of Operational Research, 2002, 137, (3), 524-543 View citations (11)
    See also Working Paper Markov Chain Test for Time Dependence and Homogeneity: An Analytical and Empirical Evaluation, Working Papers (1999) (1999)

2001

23. Yüksek Enflasyon Sürecinde Siyasi Elitlerin Rolü: Arjantin, Brezilya, İsrail Ve Türkiye Deneyimlerinin Karşılaştırmalı Analizi
    Iktisat Isletme ve Finans, 2001, 16, (183), 15-36 View citations (1)

1999

24. Optimal export taxes in a multicountry framework
    Journal of Development Economics, 1999, 60, (2), 439-465 View citations (23)

1997

25. Is there persistence in the growth of manufactured exports? Evidence from newly industrializing countries
    Journal of Development Economics, 1997, 53, (2), 447-470 View citations (8)
    See also Working Paper Is there persistence in the growth of manufactured exports? Evidence from newly industrializing countries, Policy Research Working Paper Series (1994) View citations (1) (1994)
26. Privatisation and Stock Market Efficiency: The British Experience
    Scottish Journal of Political Economy, 1997, 44, (2), 113-133

1994

27. On Cointegration and Exchange Rate Dynamics
    Journal of Finance, 1994, 49, (2), 727-35 View citations (137)
    See also Working Paper On cointegration and exchange rate dynamics, Working Papers (1993) View citations (19) (1993)

Books

2017

1. The Measurement and Monitoring of the Systemically Important Financial Institutions in SEACEN Economies
   Research Studies, South East Asian Central Banks (SEACEN) Research and Training Centre

2015

2. Financial and Macroeconomic Connectedness: A Network Approach to Measurement and Monitoring
   OUP Catalogue, Oxford University Press View citations (252)

2008

3. Integration with the Global Economy
   World Bank Publications - Books, The World Bank Group View citations (4)

Chapters

2024

1. Shocks and global asset market connectedness
   Chapter 5 in Handbook of Financial Integration, 2024, pp 108-133

2018

2. Commodity Connectedness
   Chapter 04 in Monetary Policy and Global Spillovers: Mechanisms, Effects and Policy Measures, 2018, vol. 25, pp 097-136 View citations (8)
   See also Working Paper Commodity Connectedness, National Bureau of Economic Research, Inc (2017) View citations (42) (2017)

2011

3. Equity Market Spillovers in the Americas
   Chapter 07 in Financial Stability, Monetary Policy, and Central Banking, 2011, vol. 15, pp 199-214 View citations (28)
   See also Journal Article Equity Market Spillovers in the Americas, Central Bank of Chile (2009) View citations (9) (2009)