Ferhan Salman
( MET U Ec on o m ic s B .S . 19 9 6, M. S. 19 9 9)
S hor t B i o:
Fer ha n S al m a n is a S en i or Ec o n o mis t at
th e
Mi d d l e
Eas t
a nd
C en tr al
As i a
De p art m en t o f t h e I n ter n at i on a l Mo n et ary
Fu nd (I MF) . He is t he le a d des k o n
P ak is t an
an d
t ea m
l e ad er
on
t he
V ul n er ab i l ity Ex er c is e o n O il Ex po r t i ng
c ou n tri es .
As
p ar t
of
h is
s oc i a l
r es p o ns ib i l ity , h e is t he Pr es i d en t e l ec t o f
th e
W orl d
B a nk - I MF
Tu r k is h
St af f
As s oc i a ti o n a nd Fo u nd er a nd C o - c ha ir o f
th e DC b as ed t h i nk ta nk Ca p it a l Tur k is h
Co n nec t io ns . Pr i or t o j o in i n g t he I MF ,
Fer ha n w ork e d a t t he C e ntr a l B a nk of
Tur k ey
( 19 9 6 - 2 0 09 ) .
His
p o l ic y
and
r es e arc h in t eres ts inc l ud e pr o gr a m d es ig n ,
s tr uc tu ra l r ef or m, mo n et ar y a nd f is c a l
po l ic y , f in a nc i a l m ar k ets , a nd th e G 2 0 .
Dur i n g th e g l ob a l c r i s is h e w or k e d o n a
nu m be r of e m erg i n g ma r k e t ec o n o mi es i n
E ur o p e, As ia an d t he Mi d d l e E as t . H e
r ec e iv e d h is P h. D. fr om Bos t on U n iv e r s i ty
( 20 0 4)
an d
h is
As s oc i a te
Pr o fes s or
( Doç e nt) D e gre e ( 2 0 09) fr o m th e H i gh er
E duc at i o n B oa rd ( YÖ K ) .
W hat a ttr ac t e d yo u t o Ec on om ic s ?
T he
v ers a t il i t y
of
th e
pr of es s io n .
Ec on om is ts c a n c ons i der a n um ber of t as k s
an d f i n d d if f er en t wa ys to tac k l e t h em , an d
th e y do s o b y l o ok ing f or ef f ic i e nt a nd
s oc ia l l y c o ns c io us wa ys .
Yo u e arn e d yo ur P h. D. thr o u gh B os t o n
Un i v ers it y. W hat was yo ur dis s er ta t io n o n ?
It was t hr e e p ap ers o n P u b l ic Fi n a nc e . T he
f irs t p ap er l ook e d at wa ys t o ba l a nc e t he
i nt ert em por a l b u dg e t c ons tr ai n t of T urk e y
g i ve n d em ogra p h ic d ynam ic s a nd c o ns um er
ex p e nd i tu re pa tt er ns . T he s ec on d arg u e d
f or
th e
p res e nc e
of
c ros s - s ec t io n a l
he t ero g en e it y i n ris k a vers i o n b e ha v i or a n d
arg u e d t h at s t a nd ar d c o ns um pt i o n ut i l it y
f unc t i o ns s ho u l d b e m odif i e d to ad dr es s
th is f ea tur e of c ons u m er be h a vi or . T h e las t
on e lo ok e d a t t he i m pac t of t ax re l at e d
ne ws on th e s toc k m ark et pr ic i n g of
s ec ur i t ies .
Yo u h a v e work e d f or t he C en tr a l Ba nk of
T urk e y f or a wh i l e. H o w d id it af f ec t yo ur
rec e n t ro l e as a S e n i or Ec o nom is t at th e
IMF ?
W ork at the I MF r eq u ir es d i v ers it y of
bac k gr o un d a nd v i e ws in or d er t o s o lic i t
ou t- of - th e- b ox a p pro a c hes . M y ex p er ie nc e
f rom the c e ntr a l b a n k of a G 20 c o u ntr y
he l p ed m e t o br in g in T urk e y’ s p ers pec t i ve
on p o l ic i es . I was a b l e t o r ec om m end s om e
of T urk e y’ s g o od p o lic y pr ac t ic es as a
gu i d in g to o l f or o th e r c o un tr ies as t hes e
ha d b ee n tes t ed a n d ha d ac h ie v e d p os i ti v e
res u l ts . For ex am pl e, T urk e y’ s ex p er ie nc e
wi t h
f ore i gn
ex c h a ng e
a uc ti o ns ,
the
bus i n es s c l i m at e a n d en er g y s ec t or ref o rm s
pro v i d ed a g oo d ex am pl e f or c ou n tr ies
be h i nd t he c ur v e. H a v i ng l i v ed t hro u g h a
num be r of c ris es a nd I MF pr ogr am s in
T urk e y, I c a