Cagatay Bircan


Cagatay Bircan is a Principal Economist at the EBRD.  Prior to joining the EBRD, Cagatay worked as a Fixed Income Strategist and Economist at Bank of America Merrill Lynch.  At EBRD, he worked both as a country economist and research economist.

Cagatay holds a PhD in Economics from University of Michigan and his main research areas are international trade, development, and corporate finance.  His current research focuses on the effects of trade liberalisation, private equity, state-owned banks, and the funding of innovation.

Contact: bircanc "at" ebrd "dot" com
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2012 - Ph.D. Economics, University of Michigan
2009 - M.A. Economics, University of Michigan
2007 - B.A. Economics, German, Mathematics, Williams College

Research interests

  • International Trade
  • Foreign Direct Investment
  • Private Equity
  • Innovation Finance
  • Productivity

Publications in journals

Working papers

Work in progress

  • Value Creation and Persistence in Private  Equity
    (with Markus Biesinger and Alexander Ljungqvist)
  • Trade  Costs, Prices and Markups: Evidence from a Customs Union

Policy writing and chapters in books