## rima-turk ## Source details **Canonical URL:** [rima-turk](https://www.imf.org/-/media/files/cv/pdfs/rima-turk.pdf) ## Other formats - [Markdown version](/-/media/files/cv/pdfs/rima-turk.pdf.md) - [Structured JSON version](/-/media/files/cv/pdfs/rima-turk.pdf.json) --- ### Research focus and notable publications - Research themes include bank competition and financial stability; Islamic finance and Sukuk; liquidity creation and bank failures; macro-financial linkages; sovereign portfolio composition and bank risk; migrant labor integration; female employment and gender diversity; and credit constraints, political instability, and capital accumulation. - Selected journal publications: - "Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks", with A. Berger and T. Makaew, Review of Corporate Finance, forthcoming. - "Sovereign Portfolio Composition and Bank Risk", Journal of Financial Stability, 65, 2023. - "Debt limits and monetary policy during the euro area crisis", Applied Economics, 2022. - "Bank Capital and Economic Activity", Journal of Financial Stability, 62, 2022. - "High Liquidity Creation and Bank Failures", with Z. Fungacova and L. Weill, Journal of Financial Stability, 57, 2021. - "Religiosity vs. Well-Being Effects on Investor Behavior", with L. Weill and P.O. Klein, Journal of Economic Behavior & Organization, 138, 50-62, 2017. - "Capital Accumulation in a Politically Unstable Region", with R. Herrala, Journal of International Money and Finance, 64, 1-15, 2016. - "Legal Systems, Capital Structure, and Debt Maturity in Developing Countries", Corporate Governance: An International Review 24(2), 130-44, 2016. - "Do the Type of Sukuk and Choice of Shari'a Scholar Matter?", with L. Weill and C. Godlewski, Journal of Economic Behavior & Organization, 132, 63-76, 2016. - "An Overview of Islamic Finance", with M. Hussein and A. Shahmoradi, Journal of International Commerce, Economics and Policy 7(1), 1-28, 2016. - "Do Depositors Discipline Banks and Did Government Actions During the Recent Crisis Reduce this Discipline? An International Perspective", with Allen Berger, Journal of Financial Services Research 48(2), 103-126, 2015. - (Additional journal articles spanning topics on GCC markets, bank efficiency, market power in banking, and performance comparisons between Islamic and conventional banks from 2005–2014.) ### IMF output and policy-relevant working papers - IMF-authored outputs emphasize banks, financial stability, and structural issues: - IMF Working Papers and Country Reports include: - IMF WP/22/157: "Do IMF Programs Stimulate Private Sector Investment?" - IMF WP/18/158: "Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks." - IMF WP/18/99: "Where Have All the Profits Gone? European Bank Profitability Over the Financial Cycle." - IMF WP/17/137: "Heterogeneity of Bank Risk Weights in the EU: Evidence by Asset Class and Country of Counterparty Exposure." - IMF WP/16/198: "Negative Interest Rates: How Big a Challenge for Large Danish and Swedish Banks?" - IMF WP/15/276: "Housing Price and Household Debt Interactions in Sweden." - IMF WP/15/120: "An Overview of Islamic Finance." - IMF WP/15/103: "High Liquidity Creation and Bank Failures." - IMF WP/14/207: "The Transmission of Liquidity Shocks." - IMF WP/14/147: "Do the Type of Sukuk and Choice of Shari'a Scholar Matter?" - IMF WP/14/86: "Are Banks Really Lazy? Evidence from MENA." - IMF WP/13/271: "Macro-Financial Linkages in Egypt." - IMF WP/13/246: "Credit Constraints, Political Instability, and Capital Accumulation." - Policy-relevant selected issues and departmental papers address trade diversification, migrant labor integration, firm investment dynamics, enabling macroprudential action, product market reform and productivity, and unlocking female employment potential in Europe. ### Key analytical findings (as implied by publication topics) - Price and quantity rationing by banks during crises differentially affects borrowers depending on whether lenders are domestic or foreign (topic of IMF WP/18/158 and related journal article). - Bank capital and liquidity creation materially influence economic activity and bank failure risks (topics covered in "Bank Capital and Economic Activity", "High Liquidity Creation and Bank Failures", and IMF WP/15/103). - Sovereign portfolio composition affects bank risk profiles ("Sovereign Portfolio Composition and Bank Risk", Journal of Financial Stability, 65, 2023). - Negative interest rate environments present measurable challenges for large banks in Denmark and Sweden ("Negative Interest Rates: How Big a Challenge for Large Danish and Swedish Banks? IMF WP/16/198"). - Product market reform, R&D spending, and firm-level characteristics relate to productivity outcomes in advanced economies (IMF country-selected issues on Finland, Norway, Denmark). - Gender diversity and female employment have identifiable drivers and firm-level performance links ("Gender Diversity in Senior Positions and Firm Performance: Evidence from Europe", IMF WP/16/50; "Unlocking Female Employment Potential in Europe", departmental paper). ### Policy implications and recommendations (inferred from thematic focus) - Tailoring IMF-supported programs to fragile and conflict-affected states requires adjustments to accommodate specific constraints ("Tailoring IMF-Supported Programs to Fragile and Conflict-Affected States’ Needs", in Macroeconomic Policy in Fragile States, 2021). - Macroprudential frameworks should enable timely action to address systemic vulnerabilities ("Enabling Timely Macroprudential Action", Selected Issues, IMF Sweden Country Report No. 16/354). - Consideration of bank ownership, sovereign exposures, and regulatory heterogeneity is critical for assessing bank risk and financial stability (multiple IMF working papers and journal articles address bank ownership, risk weights, and sovereign-bank linkages). - Integration and labor market policies for migrants, and targeted measures to unlock female employment, can have significant economy-wide benefits (IMF WP/18/232; IMF departmental paper on female employment). ### Ongoing and related research projects - "The role of financial frictions during the euro area crisis episode", with Risto Herrala. - "Legal Origin, Creditor Protection, and Bank Lending Around the World", with Rebel Cole. - Working papers and discussion papers on sovereign portfolio composition, excess liquidity creation, and credit conditions in MENA. ### Engagements, capacity building, and consulting - Consulting and training missions spanning IMF, UN-ESCWA, World Bank, and regional workshops focusing on financial markets analysis, inclusive finance in the ESCWA region, macroeconomic performance and loan quality, and the role of Islamic finance in regional integration (examples include Abu Dhabi January 2013; Beirut May 10, 2012; March 2012 World Bank). - Teaching and capacity development for IMF Institute for Capacity Development courses covering EFS, EXV, FMA, FME, ISB, MMF, MPP, MOLM, and other modules. ### Conferences, seminars, and public engagement - Extensive conference presence including Bank of Finland workshops (2022, 2020), IMF Annual Meetings 2017, BOFIT events, Financial Management Association meetings (multiple years), Federal Reserve Bank of Chicago conferences, and events focused on Islamic finance, banking competition, and financial stability (dates and venues listed across 2005–2022). - Newspaper articles and public commentary in Annahar Newspaper and other regional outlets on topics including restoring market confidence, Islamic finance, taxation, and bank failures (examples: Annahar articles dated 12-07-2012; September 6, 2011; November 14, 2009; March 5, 2009). ### Education, professional affiliations, and awards - Education: - Ph.D., Banking and Finance, Cardiff University, Wales, United Kingdom, July 2004. Thesis Title: X- Effic iency in Lebanese Banking, a Flexible Stochastic Frontier Approach. - Master’s Degree, Money and Banking (M.M.B.), American University of Beirut, June 1990. - Bachelor of Arts in Economics, American University of Beirut, February 1987, with Distinction. - Professional affiliations: Board Member roles (Higher National Council for Consumer Protection; Lebanese Economic Association; Global Business Research Symposium), Research Fellow, Economic Research Forum, member of American Finance Association and Financial Management Association. - Awards: - Ana Timberlake Best Paper Award, 4th Islamic Banking and Finance Conference, Lancaster University, UK, June 2014. - Best Paper Award, Economic Research Forum, Kuwait, March 2013. - Outstanding Paper Award Semifinalist, FMA Annual Meeting, Atlanta, October 2012. - Best Paper Award, Economic Research Forum, Cairo, November 2009. - Outstanding Teacher Award, LAU Business School, Beirut, June 2009. *Content attributed to the listed publications, IMF working papers, book chapters, working papers, consulting activities, conference presentations, professional workshops, and newspaper articles as provided in the source.* ### 1. Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and ### rima-turk - 1. Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and ### Selected Journal Publications - "Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks", with A. Berger and T. Makaew, Review of Corporate Finance, forthcoming. - "Sovereign Portfolio Composition and Bank Risk", Journal of Financial Stability, 65, 2023. - "Debt limits and monetary policy during the euro area crisis", Applied Economics, 2022. - "Bank Capital and Economic Activity", Journal of Financial Stability, 62, 2022. - "High Liquidity Creation and Bank Failures", with Z. Fungacova and L. Weill, Journal of Financial Stability, 57, 2021. - "Unlocking the Potential of Greater Female Employment in Europe", Intereconomics - Review of European Economic Policy, 52(1), 5-16, 2017. - "Religiosity vs. Well-Being Effects on Investor Behavior", with L. Weill and P.O. Klein, Journal of Economic Behavior & Organization, 138, 50-62, 2017. - "Capital Accumulation in a Politically Unstable Region", with R. Herrala, Journal of International Money and Finance, 64, 1-15, 2016. - "Legal Systems, Capital Structure, and Debt Maturity in Developing Countries", Corporate Governance: An International Review 24(2), 130-44, 2016. - "Do the Type of Sukuk and Choice of Shari'a Scholar Matter?", with L. Weill and C. Godlewski, Journal of Economic Behavior & Organization, 132, 63-76, 2016. - "An Overview of Islamic Finance", with M. Hussein and A. Shahmoradi, Journal of International Commerce, Economics and Policy 7(1), 1-28, 2016. - "Do Depositors Discipline Banks and Did Government Actions During the Recent Crisis Reduce this Discipline? An International Perspective", with Allen Berger, Journal of Financial Services Research 48(2), 103-126, 2015. - "Investors’ Reaction to Sharp Price Changes in GCC Markets", with R. Rezvanian and S. Mehdian, International Journal of Behavioural Accounting and Finance 5(2), 154–174, 2015. - "Joint Market Power in Banking: Evidence from Developing Countries", with W. Marrouch, Journal of International Financial Markets, Instruments, and Money 31, 253-267, 2014. - "Macro-Financial Linkages in Egypt: A Panel Analysis of Economic Shocks on Loan Portfolio Quality", with I. Love, Journal of International Financial Markets, Instruments, and Money 28, 158-181, 2014. - "Sukuk vs. Conventional Bonds: A Stock Market Perspective", with L. Weill and C. Godlewski, Journal of Comparative Economics 41, 745–761, 2013. - "WTO Membership, Ownership Deregulation, and Market Efficiency: Evidence from China", with R. Rezvanian and S. Mehdian, Applied Financial Economics 22(3), 177-195, 2012. - "Are GCC Stock Markets Special?", with R. Rezvanian and S. Mehdian, Review of Business 31(2), 15-23, 2011. - "Cost Efficiency, Technological Progress and Productivity Growth of Chinese Banking Pre and Post WTO Accession", with R. Rezvanian and S. Mehdian, Applied Financial Economics 21(7), 437-454, 2011. - "Investor’s Reactions to Sharp Price Change: Evidence from Equity Markets of the People's Republic of China", with R. Rezvanian and S. Mehdian, Global Finance Journal 22, 1-18, 2011. - "Calendar Anomalies in GCC Stock Markets", with R. Rezvanian and S. Mehdian, Emerging Markets Review 12, 293-307, 2011. - "Competitive Conditions in Islamic and Conventional Banking: A Global Perspective", Review of Financial Economics 19 (3), 101-108, 2010. - "On the Implications of Market Power in Banking: Empirical Evidence from Developing Countries", Journal of Banking and Finance 34, 765–775, 2010. - "Bank Competition and Financial Stability", with Allen Berger and Leora Klapper, Journal of Financial Services Research 35(2), 99-118, 2009. - "Competitive Behavior in Middle East and North Africa Banking Systems", Quarterly Review of Economics and Finance 49, 693-710, 2009. - "Financial Liberalization and Bank Efficiency: Evidence from Post War Lebanon", Applied Financial Economics 18 (11), 931-946, June 2008. - "Cost Efficiency, Technological Progress and Productivity Growth of Banks in GCC Countries", with R. Rezvanian and S. Mehdian, International Journal of Business 12 (4), pp. 471-491, 2007. - "Challenges in Implementing International Capital Adequacy Guidelines: A case study of an Islamic Bank", with Yolla Sarieddine, Journal of Banking Regulation 9(1), 46-59, 2007. - "On the Rise of Islamic Banking among Giant Commercial Banks: A Performance and Efficiency Analysis", Journal of International Business and Economics 7(1), 70-83, 2007. ### Book Contributions - "Tailoring IMF-Supported Programs to Fragile and Conflict-Affected States’ Needs", in Macroeconomic Policy in Fragile States, eds. R. Chami, R. Espinoza, and P.J. Montiel, Oxford University Press, 2021. - "Bank competition and financial stability", with A. Berger and L. Klapper, in Handbook on Competition in Banking and Finance, edited by Jaap Bikker and Laura Spierdijk, 2017. - "Unlocking Female Employment Potential in Europe: Drivers and Benefits", in Women, Work, and Economic Growth, edited by K. Kochhar, S. Chandra, and M. Newiak, 2016. - "How Did Foreign Bank Lending Change During the Recent Financial Crisis: An Overview", with A. Berger and T. Makaew, Chapter 8 in The Future of Large, Internationally Active Banks, Edited by Asli Demirgüç-Kunt, Douglas D Evanoff and George G Kaufman, 115-124, 2016. - "Green Sukuk: An Innovation in Islamic Capital Markets", with N. Alam and M. Duygun. In: Dorsman et al. (ed), Energy, Sustainability and Finance, Springer, Heidelberg, 2016. - "Why is the Canadian banking system so remarkably stable? A comparative analysis with the United States", with Jean Roy and Yenni Rdjah, in Managing Risk in the Financial System, edited by LaBrosse, Olivares-Caminal, and Singh, Edward Elgar Publishing, 2011. - "The Role of Sukuk in Financing Economic Development", Chapter 3: Case Studies and Contributions, in The Guide to Islamic Banking and Finance (pp.126-133), Gulf Business Intelligence, 2008. ### IMF Publications - "Do IMF Programs Stimulate Private Sector Investment? IMF WP/22/157. (Washington)." - "Trade Diversification in Nigeria: How to Get There? Selected Issues, Chapter 4, IMF Nigeria Country Report No. 22/34 (Washington)." - "The Labor Market Integration of Migrants in Europe: New Evidence from Micro Data, IMF WP/18/232. (Washington)." - "Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks, IMF WP/18/158. (Washington)." - "Where Have All the Profits Gone? European Bank Profitability Over the Financial Cycle, IMF WP/18/99. (Washington)." - "Heterogeneity of Bank Risk Weights in the EU: Evidence by Asset Class and Country of Counterparty Exposure, IMF WP/17/137 (Washington)." - "Migrant Integration in Denmark and Europe: Evidence using Micro Data, Selected Issues, Chapter 1, IMF Denmark Country Report No. 17/159 (Washington)." - "Dynamics of Firm Investment in Denmark: Role of Leverage, Demand, and Knowledge Intensity, Selected Issues, Chapter 3, IMF Denmark Country Report No. 17/159 (Washington)." - "Cross Country Report on Spillovers, Selected Issues, IMF Country Report No. 16/112, with B. Mircheva, A. Thegeya, and Y. S. Zhang." - "Negative Interest Rates: How Big a Challenge for Large Danish and Swedish Banks? IMF WP/16/198." - "Enabling Timely Macroprudential Action, Selected Issues, Chapter 1, IMF Sweden Country Report No. 16/354 (Washington)." - "Product Market Reform, R&D Spending, and Firm-Level Productivity in Finland, with N. Geng and G. Ho, Selected Issues, IMF Finland Country Report No. 16/215 (Washington)." - "A Firm-level Analysis of Productivity in Norway, with N. Geng and G. Ho, Selected Issues, IMF Norway Country Report No. 16/215 (Washington)." - "Product Market Reform and Productivity in Denmark, with N. Geng and G. Ho, Selected Issues Papers, IMF Denmark Country Report No. 16/185 (Washington)." - "Unlocking Female Employment Potential in Europe: Drivers and benefits, with L.Christiansen, H.Lin, J.Pereira, and P.Topalova under the guidance of P.K.Brooks, IMF Departmental Paper, European Department and Strategy, Policy, and Review Department." - "Gender Diversity in Senior Positions and Firm Performance: Evidence from Europe, with L.Christiansen, H.Lin, J.Pereira, and P.Topalova, IMF WP/16/50." - "Individual Choice or Policies? Drivers of Female Employment in Europe, with L.Christiansen, H.Lin, J.Pereira, and P.Topalova, IMF WP/16/49." - "Housing Price and Household Debt Interactions in Sweden, IMF WP/15/276." - "An Overview of Islamic Finance, with M. Hussain and A. Shahmoradi, IMF WP/15/120." - "High Liquidity Creation and Bank Failures, with Z. Funcagova and L. Weill, IMP WP/15/103." - "Financial Decisions and Investment Outcomes in Developing Countries, IMF WP/15/38." - "Islamic Finance: Opportunities, Challenges, and Policy Options, IMF SDN/15/05." - "The Transmission of Liquidity Shocks, with P. Karam, O. Merrouche, and M. Souissi, IMF WP 14/207." - "Do the Type of Sukuk and Choice of Shari'a Scholar Matter?, with L. Weill and C. Godlewski, IMF WP/14/147." - "Are Banks Really Lazy? Evidence from MENA, with S. Gray and P. Karam, IMF WP/14/86." - "Macro-Financial Linkages in Egypt, with I. Love, IMF WP/13/271." - "Credit Constraints, Political Instability, and Capital Accumulation, with R. Herrala, IMF WP/13/246." ### Other Working Papers - "Sovereign Portfolio Composition and Bank Risk, with Maria Nieto and Selva Baziki, SSRN." - "Does Excessive Liquidity Creation Trigger Bank Failures? with Z. Fungacova & L. Weill, Bank of Finland, BOFIT Discussion Paper 2/2013." - "Credit Conditions and Firm Investment: Evidence from the MENA Region, with R. Herrala, Bank of Finland, BOFIT Discussion Paper 29/2012." - "UN-ESCWA Flagship Publications: Financial Inclusion in the MENA Region; Corporate Financing and Firm Employment: Does Size Matter? Evidence from the MENA Region; 2011." - "Bank Market Power Rents and Risk: Theory and Measurement, with Gianni De Nicolò, Paolo Baffi Centre Research Paper No. 2010-73." ### Work in Progress - "The role of financial frictions during the euro area crisis episode, with Risto Herrala." - "Legal Origin, Creditor Protection, and Bank Lending Around the World, with Rebel Cole." ### Consulting Activities - "Financial Markets Analysis, IMF-Arab Monetary Fund, Training Mission: Abu Dhabi, January 2013; and January 2012, IMF-Middle East Center for Economics and Finance, Kuwait." - "Inclusive Finance in the ESCWA Region: Current Status and the Way Forward”, UN-ESCWA Flagship Publication, Beirut, May 10, 2012." - "Macroeconomic Performance and Loan Quality in Egypt: Does Bank Ownership Matter?”, World Bank, March 2012." - "Role of Islamic Finance in Promoting Regional Integration”, Experts Group Meeting, UN-ESCWA, Beirut, October 21-22, 2009." - "Annual Review of Developments in Globalization and Regional Integration in Arab Countries, 2008”, Experts Group Meeting, UN-ESCWA, Beirut, November 20, 2008." - "Strengthening Private Sector Resilience under Conflict: Lessons Learned and the Way Forward”: “The Role of the Financial Sector: A Facilitator or an Obstacle?” Experts Group Meeting, UN- ESCWA, Beirut, November 11-12, 2008." - "The Role of Taxation in Financing for development”, Experts Group Meeting, UN-ESCWA, Qatar, April 29-30, 2008. “ تعبئة الادوار المحلیة من اجل تمویل التنمیة:دور الضریبة في الایرادات الحكومیة في دول مختارة ”" - "Developing Sharia-compliant micro-credit schemes”, March 2008. Research for the private sector. - "Role of Sukuk in financing for development”, Ritz Carlton, Bahrain, September 5-6, 2007. UN-ESCWA Regional Forum on the Role of Islamic Financial Institutions in Financing for Development." - "Banking Sector Efficiency in ESCWA” and “Ownership Structure of Banking Systems”, Experts Group Meeting, UN- ESCWA, August 10, 2005." ### Presentations at Conferences - "Bank of Finland, Workshop on Banking and Institutions, August 22-23, 2022, paper discussant." - "Bank of Finland, Workshop on Finance and Politics, Helsinki, August 17-18, 2020, paper discussant." - "Western Economic Association International conference, Tokyo, March 21-24, 2019, presentation on Bank Capital and Economic Growth." - "IMF Annual Meetings 2017, Analytical Corner, presentation on Migrant Integration in Europe." - "Conference on China’s Financial Markets and Growth Rebalancing, organized by BOFIT, Fordham University, and City University of Hong Kong, New York City, October 2-3, 2017." - "Conference on Competition in Banking and Finance, organized by the University of Groningen and the Dutch Central Bank, September 21-22, 2017." - "OECD Conference, Improving women's access to leadership: What works? March 8, 2016, Paris." - "18th Annual International Banking Conference, Federal Reserve Bank of Chicago, Nov 5-6, 2015." - "Financial Management Association, Orlando, Florida, October 14-17, 2015." - "Financial Management Association, Nashville, Tennessee, October 15-18, 2014." - "Bank of Finland Annual Research Seminar, Helsinki, August 5, 2014, 2014." - "Financial Management Association, Chicago, October 16-19, 2013." - "The 4th International Conference on Corporate Governance in Emerging Markets, IFC-Indian School of Business, Hyderabad, India, August 23-24, 2013." - "Eastern Finance Association, Florida, April 10-13, 2013 (2 working papers)." - "Economic Research Forum, Kuwait, March 3-5, 2013." - "Financial Management Association, Atlanta, October 18-20, 2012." - "Seminar, Bank of Finland, Institute of Economies in Transition, June 12, 2012." - "Eastern Finance Association, Boston, April 11-15, 2012 (2 working papers)." - "Analytical and Empirical Research in Islamic Finance, Management, Economics, and Law, Aston Business School, Birmingham, December 3 -4, 2011." - "Seminar, Bank of Finland, Institute of Economies in Transition, November 2, 2012." - "Financial Management Association, Denver, October 19-22, 2011." - "The 3rd International Conference on Corporate Governance in Emerging Markets, IFC-Asian Institute of Corporate Governance, Korea University Business School, Seoul, May 28-29, 2011." - "Seminar, Money and Capital Markets, International Monetary Fund, Washington D.C., May 17, 2011." - "47th Annual Conference on Bank Structure & Competition, Federal Reserve Bank of Chicago, Implementing Dodd-Frank: Progress to Date and Recommendations, May 4-6, 2011." - "Allied Social Sciences Associations, Middle East Economic Association, Denver, January 6-9, 2011." - "Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) – World Bank Annual Conference on Islamic Banking & Finance, Bahrain, December 1-2, 2010." - "Financial Management Association, New York City, October 20-23, 2010 (2 working papers)." - "Financial Services Regulation: Impact on Accounting, Management, and Marketing, Financial Services Institute Symposium, NYC, September 9-11, 2010." - "Central Banking, Regulation and Supervision after the Financial Crisis, FinLawMetrics 2010, 24-25 June 2010, Bocconi University, Milan, Italy." - "8th International Conference on Data Envelopment Analysis (DEA2010): Performance Management and Measurement, June, 10–12, 2010, American University of Beirut, Lebanon." - "The Evolving International Role of the GCC Economies, 11th Mediterranean Research Meeting, Montecatini Terme, Italy, 24–27 March 2010." - "Workshop on Islamic Finance: What Islamic Finance Does (Not) Change, EM Strasbourg Business School, March 17, 2010, Keynote Speaker." - "Competition and Risk-Taking in European Banking, Association of Italian Banks (Organizer: Franklin Allen), Palazzo Altieri, Rome, Italy, January 11, 2010." - "Economic Research Forum, 16th Annual Conference, Cairo, Egypt, November 7-9, 2009." - "Financial Stability Conference, Tilburg University, Netherlands, June 2-3, 2009." - "XVII International Tor Vergata Conference on Banking and Finance, University of Rome Tor Vergata, Rome, December 3-5, 2008." - "Financial Management Association, Dallas, Texas, October 7-12, 2008. (4 working papers)." - "Financial Services Institute Symposium 2008, St John’s University, New York, September 12-13, 2008. “Why do regulators encourage more market power in banking? Evidence from developing countries.”" - "Midwest Finance Association, San Antonio, Texas, Feb 27-Mar 1 2008." - "Bank of Finland and the Journal of Financial Stability, June 7-8, 2007, Helsinki, Finland." - "International Conference on Islamic Banking and Finance 2007, International Islamic University Malaysia (IIUM), Kuala Lumpur, Malaysia, April 23-25, 2007." - "18th Australian Banking and Finance Conference, Sydney, Australia, Dec. 14-16, 2005." ### Professional Workshops and Keynotes - "Speaker, 'Obstacles Facing the Lebanese Economy: Where Do We Go Now?' Lebanese Economic Association, Friedrich Naumann Foundation sponsored meeting, Beirut, Dec 6, 2012." - "Key Note Speaker, 'Economics: Information Resources for Education', Bureau van Dijk Academic Forum. Lebanese American University, Beirut, March 23, 2012." - "Speaker, 'Arab Summit for Investments in Banking, Industry, Tourism, and Real Estate', Sept 15-16, 2011, General Union of Arab Chambers for Commerce, Industry, and Agriculture, Beirut." - "Speaker, 'Challenges to Financing Oil and Gas Infrastructures', Lebanese Parliament, Apr 11, 2011." - "Trainer, 'Statistical Techniques for Decision Making', Lebanese Economic Association, IDRC sponsored workshop Beirut, Jan 17-19-20, 2011." - "Speaker, 'Small and Medium Enterprises' The Backbone of the Lebanese Economy', Lebanese Economic Association in collaboration with the Friedrich Naumann Foundation sponsored meeting, Beirut, Nov 28, 2011." - "Speaker, 'The State of the Lebanese Economy: Twenty Years after the End of the Civil War', Lebanese Economic Association, Friedrich Naumann Foundation sponsored meeting, Beirut, Nov 23-24, 2011." - "Invited Professor, Université de Strasbourg, Ecole de Management, MBA program, Nov. 16-17, 2010, Nov 21-22, 2011, and Nov. 22-23, 2012." - "Trainer, 'Economic Forecasting', Lebanese Economic Association, Friedrich Naumann Foundation sponsored workshop Beirut, August 23-24, 2010." - "Participant, World Economic Forum, Dead Sea, Jordan, May 15-17, 2009." - "Trainer, Lebanese Economic Association, 'Banking Structures and Financial Stability', Friedrich Naumann Foundation sponsored workshop, Beirut, July 28-29, 2009." - "Participant, British Council Seminar, Bath, United Kingdom, 'Can entrepreneurship be successfully taught in universities?', March 11-16, 2007." - "Global Governance Round-Table, Consumers International, Geneva, Switzerland, September 2005." ### Newspaper Articles - "دور البنیة التحتیة للقطاع المالي في تعزیز التمویل الشامل", Article published in Annahar Newspaper, 12-07-2012. - "MENA Financing is Restricted Mainly to Equity", Mena Bonds Insight, Middle East and North Africa Conventional Bond Market Newsletter, Zawya, June 13, 2012. - "When the Wealthy Request an Increase in Taxes", Article published in Annahar Newspaper, September 6, 2011, 'الأثریاء یطالبون بزیادة الضرائب '. - "Banking competition and structures in the Middle East and GCC countries", Bureau Van Dijk Bankscope Monthly Newsletter, Issue 1, February 2011. - "Why did US banks fail?", Article published in Annahar Newspaper, November 14, 2009. 'لمادا أفلست مصارف أمركیة؟ لعبة التحكیم التنظیمي' - "Islamic Finance", article published in The Gulf Business News & Analysis, Annual Review of Islamic banking and Finance, June 2009. - "Does Financial Regulations Limit Excessive Risk-Taking of TBTF Banks?", Article published in Annahar Newspaper on Tuesday, April 14 2009. ''السياسات المالیة من المجازفة المفرطة للمصارف ؟ ھل تحد'' - "The Road to Restoring Confidence in Markets", Article published in Annahar Newspaper. *Content attributed to the listed publications, IMF working papers, book chapters, working papers, consulting activities, conference presentations, professional workshops, and newspaper articles as provided in the source.* ### 9. Wednesday, March 25th 2009“الطریق نحو استعادة الثقة بالاسواق” ### 9. Wednesday, March 25th 2009 “الطریق نحو استعادة الثقة بالاسواق” ### Publications and Articles - 9. Wednesday, March 25th 2009 “الطریق نحو استعادة الثقة بالاسواق” - “ھل یرسم التمویل الإسلامي مستقبل أنماط التمویل التقلیدیة ?”, “Will Islamic finance shape the future of conventional modes of finance?” — Article published in Annahar Newspaper on Thursday, March 5th 2009. - Article published in Annahar Newspaper on Saturday, November 8th 2005. "الحاجة الى اتفاق للخدمات العامة" ### Education and Honors - Ph.D., Banking and Finance, Cardiff University, Wales, United Kingdom, July 2004. Thesis Title: X- Effic iency in Lebanese Banking, a Flexible Stochastic Frontier Approach. - Master’s Degree, Money and Banking (M.M.B.), American University of Beirut, June 1990. Thesis Title: Human Resources Management with respect to Lebanese Banks. - Bachelor of Arts in Economics, American University of Beirut, February 1987, with Distinction. - Computer Programming Certificate. American University of Beirut (AUB), June 1988. - French Baccalaureate (Math Series), Collège Protestant Français, Beirut / France, 1984, with Honors. ### Professional Affiliations - Board Member, Higher National Council for Consumer Protection, MoET, Beirut, Lebanon. - Board Member, Lebanese Economic Association (LEA), Beirut, Lebanon. - Board Member, Global Business Research Symposium, Financial Services Institute, NYC, USA. - Research Fellow, Economic Research Forum (ERF), Cairo, Egypt. - Member, American Finance Association, Financial Management Association. ### Journal Referee and Textbook Reviewing - Journal Referee for: Journal of Money, Credit, and Banking; Quarterly Review of Economics and Finance; Journal of Banking and Finance; Managerial Finance; Journal of Economics and Business; Emerging Markets Finance and Trade; Journal of Financial Stability; Journal of Financial Services Research; Journal of International Money and Finance; Corporate Governance: An International Review; Journal of Applied Econometrics; Journ. of Int. Fin. Markets, Instruments, and Money. - Textbook Reviewer: Reviewed both the U.S. and the Middle East editions of the textbook Fundamentals of Corporate Finance by Ross, Westerfield, and Jordan, Mc Graw Hill Corporation. ### Theses & Projects Supervision - “An Early Warning System for the Lebanese Banking Sector”, Mr. Ali Dirani, November 2010. - “Portfolio Optimization under Uncertainty”, MBA Thesis, Ms. Nivine Dalleh, June 2009. - “Job Localization in the Gulf Region: At a Cost?”, MBA Thesis, Mr. Amer Madi, June 2006. - “Sustainability of Arab Stock Markets in the Light of the Recent Downtrend”, MBA Thesis, Ms. Mireille Bogharian, August 2006. - “Performance and Efficiency Analysis: Islamic Banks vs. Conventional Banks,” MBA Project, Mr. Tarek El Khatib, October 2006. - “Efficiency of Islamic Banks in GCC Countries: A Non-Parametric Approach”, MBA Project, Mr. Wissam Fakhoury, November 2006. - “Implementing the Basel II Accord in Lebanon”, MBA Thesis, Ms. Hala Najd, June 2005. ### Teaching Experience - IMF Institute for Capacity Development: Abu Dhabi, Kuwait City, Washington DC. Courses: EFS: Economic Policies for Financial Stability; EXV: External Vulnerabilities and Policies; FMA: Financial Markets Analysis; FME: Finance for Macroeconomists; ISB: Islamic Banking; MMF: Macroeconomic Management and Financial Sector Issues; MPP: Macroprudential Policies; MOLM: Monetary Operations and Liquidity Management; Managing Taxpayer Compliance in a Self-Assessment Environment. - School of Business, Lebanese American University, Beirut, Lebanon. Courses taught: FIN 301: Managerial Finance (B.S Business Studies- Banking and Finance); FIN 311: Banking Operations (B.S Business Studies- Banking and Finance); FIN 411: Security Analysis and Portfolio Management (B.S Business Studies- Banking and Finance); FIN 499: Finance Senior Study (B.S Business Studies- Banking and Finance); ECO 402: Econometrics (B.S Business Studies- Banking and Finance); BUS 861: Financial Management (Master’s of Business Administration); BUS 835: Commercial Bank Management (Master’s of Business Administration); BUS 836: Modern Portfolio Management (Master’s of Business Administration); BUS 871: Islamic Banking and Finance (Master’s of Business Administration, New Course); BUS 871: Banking Systems in the Middle East (Master’s of Business Administration, New Course); FIN 716: Bank Equity Capital (Executive MBA program); FIN 743: Bonds Analysis (Executive MBA program); FIN 726: Financial Markets in the Middle East (Executive MBA program); FIN 780: Islamic Banking and Finance (Executive MBA program, New Course); FIN 780: Bank Market Risk (Executive MBA program, New Course). - Economics Department, American University of Beirut, Beirut, Lebanon. Courses taught: ECO 203: Survey of Economics (B.A Economics); ECO 211: Elementary Microeconomic Theory (B.A Economics); ECO 212: Elementary Macroeconomic Theory (B.A Economics); ECO 213: Economic Statistics (B.A Economics); FOLC 303: Statistical Analysis for Business (Master’s of Business Administration). ### Awards - Ana Timberlake Best Paper Award, 4th Islamic Banking and Finance Conference, Lancaster University, UK, June 2014. - Best Paper Award, Economic Research Forum, Kuwait, March 2013. - Outstanding Paper Award Semifinalist, FMA Annual Meeting, Atlanta, October 2012. - Best Paper Award, Economic Research Forum, Cairo, November 2009. - Outstanding Teacher Award, LAU Business School, Beirut, June 2009. ### Certificates & Training - Financial Programming & Policies; Debt Sustainability Analysis: IMF online learning certificates, 2014. - Central Bank of Lebanon, Financial Operations Department, 1997. - Méditerranée and Group Services sarl, Beirut, Planning & Development / Human Resources, 1990. - Lebanon and Gulf Bank sal, Main Branch, Beirut, Current Accounts / Foreign Exchange, 1986. ### Language, Computer Skills, Hobbies - Language Proficiency: Excellent communication and presentation skills in Arabic, French, and English. - Computer Literacy: Highly proficient in Microsoft Office and econometric packages such as Stata. - Hobbies: Professional basket-ball and swimming, traveling, reading, and listening to music. ### Nationality and References - Nationality: Lebanese. - References: Supplied upon request. --- _Source: https://www.imf.org/-/media/files/cv/pdfs/rima-turk.pdf_