{
  "name": "Fatih Kansoy",
  "site": "https://fatih.ai/",
  "description": "Academic website for Fatih Kansoy with research, teaching, and CV content.",
  "contact": {
    "email": "hi@fatih.ai",
    "orcid": "https://orcid.org/0000-0002-9722-8815",
    "scholar": "https://scholar.google.com/citations?user=xMvUwaoAAAAJ",
    "github": "https://github.com/kansoy"
  },
  "pages": [
    {
      "title": "Home",
      "url": "https://fatih.ai/",
      "type": "homepage"
    },
    {
      "title": "Research",
      "url": "https://fatih.ai/research/",
      "type": "research-index"
    },
    {
      "title": "Teaching",
      "url": "https://fatih.ai/teaching/",
      "type": "teaching-index"
    },
    {
      "title": "CV",
      "url": "https://fatih.ai/cv",
      "type": "cv"
    }
  ],
  "research": [
    {
      "title": "Data as Liability: AI Adoption and Disclosed Breach-Risk Attention",
      "url": "https://fatih.ai/research/data_as_liability/",
      "topics": [
        "AI and Data",
        "Corporate disclosure",
        "Technology governance"
      ],
      "publishedIn": "University of Oxford Department of Economics Discussion Papers",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "Artificial intelligence makes data more productive, but it also makes data more costly to govern. This paper asks where that governance cost shows up in firms' own risk disclosures. Using roughly 84,000 firm-years of SEC annual filings for US listed firms from 1994 to 2023, the paper builds layered...",
      "citation": "Kansoy, F., & Huo, Y. (2026). Data as Liability: AI Adoption and Disclosed Breach-Risk Attention. University of Oxford Department of Economics Discussion Papers. https://fatih.ai/research/data_as_liability/"
    },
    {
      "title": "The Immediate Global Impact of US Monetary Policy",
      "url": "https://fatih.ai/research/immediate_global_impact_us_monetary_policy/",
      "topics": [
        "Monetary policy",
        "International spillovers",
        "High-frequency identification"
      ],
      "publishedIn": "University of Oxford Department of Economics Discussion Papers",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "Immediate international monetary spillovers are large and broadly shared, but standard daily designs understate their magnitude and overstate cross-country heterogeneity because most foreign cash markets are closed at FOMC announcement times. US-traded country ETFs allow shocks and outcomes to be...",
      "citation": "Kansoy, F. (2025). The Immediate Global Impact of US Monetary Policy. University of Oxford Department of Economics Discussion Papers. https://fatih.ai/research/immediate_global_impact_us_monetary_policy/"
    },
    {
      "title": "Monetary Policy Transmission and Environmental Performance: Firm-level Evidence from High-Frequency Identification",
      "url": "https://fatih.ai/research/monetary_policy_transmission_environmental_performance/",
      "topics": [
        "Monetary policy",
        "Environmental performance",
        "Asset pricing"
      ],
      "publishedIn": "University of Oxford Department of Economics Discussion Papers",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "The paper analyses whether monetary policy transmits differently across firms with varying environmental performance. Using high-frequency identification around FOMC announcements from 2005 to 2025, it decomposes policy shocks into target and path components. Environmental heterogeneity is strongest...",
      "citation": "Kansoy, F., & Stasiulaitis, D. (2025). Monetary Policy Transmission and Environmental Performance: Firm-level Evidence from High-Frequency Identification. University of Oxford Department of Economics Discussion Papers. https://fatih.ai/research/monetary_policy_transmission_environmental_performance/"
    },
    {
      "title": "Central Bank Communication and CBDC Implementation",
      "url": "https://fatih.ai/research/central_bank_communication_and_cbdc_implementation/",
      "topics": [
        "CBDC",
        "Central bank communication",
        "Institutional constraints"
      ],
      "publishedIn": "University of Oxford Department of Economics Discussion Papers",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "Central banks discuss central bank digital currency far more often than they move from research to implementation. This paper asks whether public commitment in central bank communication predicts that transition or whether it mainly captures participation in the policy debate. Using a country-year...",
      "citation": "Kansoy, F. (2026). Central Bank Communication and CBDC Implementation. University of Oxford Department of Economics Discussion Papers. https://fatih.ai/research/central_bank_communication_and_cbdc_implementation/"
    },
    {
      "title": "Do Central Banks Take Climate Change Seriously?",
      "url": "https://fatih.ai/research/do_central_banks_take_climate_change_seriously/",
      "topics": [
        "Climate change",
        "Central bank communication",
        "Text as data"
      ],
      "publishedIn": "Working paper",
      "publicationLabel": "Available as",
      "availability": "page",
      "summary": "Central banks now speak openly about climate change. Whether climate enters the official record through which monetary-policy decisions are explained is another matter. This paper compares more than 37,000 speeches from 136 institutions with nearly 3,600 official meeting records from 26 central...",
      "citation": "Kansoy, F. (2026). Do Central Banks Take Climate Change Seriously? Working paper. https://fatih.ai/research/do_central_banks_take_climate_change_seriously/"
    },
    {
      "title": "Central Bank Communication Design and Public Attention",
      "url": "https://fatih.ai/research/central_bank_communication_design_public_attention/",
      "topics": [
        "Central bank communication",
        "Public attention",
        "Digital traces"
      ],
      "publishedIn": "Working paper",
      "publicationLabel": "Available as",
      "availability": "page",
      "summary": "The paper studies whether the structure of central bank communication events affects public engagement with monetary policy. The Bank of England's 2015 Super Thursday reform replaced a two-occasion quarterly forecast round, in which the rate decision and the forecast report arrived on separate days,...",
      "citation": "Kansoy, F. (2026). Central Bank Communication Design and Public Attention. Working paper. https://fatih.ai/research/central_bank_communication_design_public_attention/"
    },
    {
      "title": "Central Bank Communication with Public: Bank of England and Twitter (X)",
      "url": "https://fatih.ai/research/bank_of_england_twitter/",
      "topics": [
        "Central bank communication",
        "Social media",
        "Public engagement"
      ],
      "publishedIn": "University of Oxford Department of Economics Discussion Papers",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "Central banks increasingly communicate directly with the public, yet most evidence studies comprehension after exposure. This paper studies the prior attention margin: which official Bank of England tweets receive visible public engagement. Using 9,810 official Bank of England tweets from July 2011...",
      "citation": "Kansoy, F., & Mundy, J. (2025). Central Bank Communication with Public: Bank of England and Twitter (X). University of Oxford Department of Economics Discussion Papers. https://fatih.ai/research/bank_of_england_twitter/"
    },
    {
      "title": "Green Shields: The Role of ESG in Uncertain Times",
      "url": "https://fatih.ai/research/green_shields/",
      "topics": [
        "ESG",
        "Monetary policy",
        "Investor clientele"
      ],
      "publishedIn": "University of Oxford Department of Economics Discussion Papers",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "This page presents the same ESG monetary-transmission project under its shorter research title. The paper studies whether environmental and ESG characteristics create heterogeneous responses to FOMC target and path surprises. The most robust evidence sits in the path or forward-guidance channel, and...",
      "citation": "Kansoy, F., & Stasiulaitis, D. (2025). Green Shields: The Role of ESG in Uncertain Times. University of Oxford Department of Economics Discussion Papers. https://fatih.ai/research/green_shields/"
    },
    {
      "title": "FOMC Minutes: As a Source of Monetary Policy Surprise",
      "url": "https://fatih.ai/research/fomc_minutes/",
      "topics": [
        "Monetary policy",
        "Central bank communication",
        "High-frequency data"
      ],
      "publishedIn": "Warwick Economics Research Papers, No. 1436",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "This paper asks whether FOMC minutes, released after the policy meeting, still contain market-relevant surprise information. It constructs target and path surprise measures using intradaily data for Fed funds futures and studies the response of stock prices, Treasury yields, and exchange rates from...",
      "citation": "Kansoy, F. (2022). FOMC Minutes: As a Source of Monetary Policy Surprise. Warwick Economics Research Papers, No. 1436. https://fatih.ai/research/fomc_minutes/"
    },
    {
      "title": "Islamic Finance as a Means to Make Istanbul an International Financial Centre",
      "url": "https://fatih.ai/research/islamic_finance_istanbul/",
      "topics": [
        "Islamic finance",
        "Financial centres",
        "Turkey"
      ],
      "publishedIn": "Afro Eurasian Studies, 2(1-2), 126-143",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "The paper discusses and assesses Istanbul as an international finance centre within the context of Islamic finance. It argues that Istanbul's current image, legal and regulatory infrastructure, and human capacity did not at the time allow it to become an international finance centre. At the same...",
      "citation": "Kansoy, F., & Karlioglu, H. H. (2013). Islamic Finance as a Means to Make Istanbul an International Financial Centre. Afro Eurasian Studies, 2(1-2), 126-143. https://fatih.ai/research/islamic_finance_istanbul/"
    },
    {
      "title": "The Determinants of Net Interest Margin in the Turkish Banking Sector: Does Bank Ownership Matter?",
      "url": "https://fatih.ai/research/net_interest_margin_turkish_banking/",
      "topics": [
        "Banking",
        "Net interest margin",
        "Turkey"
      ],
      "publishedIn": "Journal of BRSA Banking and Financial Markets, 6(2), 13-49",
      "publicationLabel": "Published in",
      "availability": "page",
      "summary": "This research empirically investigates the determinants of net interest margin in the Turkish banking sector with particular emphasis on bank ownership. It uses a bank-level dataset covering Turkey's commercial banking sector from 2001 to 2012. Operation diversity, credit risk, and operating costs...",
      "citation": "Kansoy, F. (2012). The Determinants of Net Interest Margin in the Turkish Banking Sector: Does Bank Ownership Matter? Journal of BRSA Banking and Financial Markets, 6(2), 13-49. https://fatih.ai/research/net_interest_margin_turkish_banking/"
    },
    {
      "title": "Pricing Human Capital in a Modernizing State: Education and Skill Premia in the Ottoman Civil Service",
      "url": "https://fatih.ai/research/",
      "topics": [
        "Economic history",
        "Human capital",
        "Ottoman civil service"
      ],
      "publishedIn": "Working paper",
      "publicationLabel": "Available as",
      "availability": "index-only",
      "summary": "This paper investigates the pricing of human capital within a modernizing imperial state. Using a newly constructed personnel panel of 4,200 Ottoman Post and Telegraph officials from the 1870s to 1905, it documents a steep, monotonic wage gradient where advanced credentials command premia of 37-46...",
      "citation": "Kansoy, F., Akyildiz, O., Cosgel, M., & Yildirim, S. (2026). Pricing Human Capital in a Modernizing State: Education and Skill Premia in the Ottoman Civil Service. Working paper. https://fatih.ai/research/"
    }
  ],
  "teaching": [
    {
      "title": "Macroeconomics",
      "url": "https://fatih.ai/macroeconomics/"
    },
    {
      "title": "Macro-Finance",
      "url": "https://fatih.ai/macrofinance/"
    },
    {
      "title": "PPE",
      "url": "https://fatih.ai/ppe/"
    }
  ],
  "news": [
    {
      "title": "World Cup 2026 forecasting project launched",
      "url": "https://fatih.ai/news/2026-06-10-world-cup-2026-forecasting-project/",
      "date": "2026-06-10",
      "type": "Project",
      "summary": "I launched the World Cup 2026 forecasting project at fatih.ai/worldcup2026. The site presents champion, group and match probabilities from 1.1 million simulations of the official 48-team bracket, with pages for forecasts, teams, players, data, models and research notes.",
      "links": [
        {
          "label": "Project site",
          "url": "/worldcup2026/"
        },
        {
          "label": "Forecast",
          "url": "/worldcup2026/forecast/"
        },
        {
          "label": "Data",
          "url": "/worldcup2026/data/"
        },
        {
          "label": "Research notes",
          "url": "/worldcup2026/research/"
        }
      ]
    },
    {
      "title": "New machine-learning research on football forecasting",
      "url": "https://fatih.ai/news/2026-06-09-football-forecasting-research/",
      "date": "2026-06-09",
      "type": "Research",
      "summary": "My new football-forecasting study, Dominant Below, Drowning Above, uses five major European leagues from 1993/94 to 2025/26 to study promoted clubs as a domain-shift problem. The main result is that machine-learning models forecast established clubs well, but promoted clubs remain much harder to distinguish before the season begins.",
      "links": [
        {
          "label": "Football study",
          "url": "/football/"
        }
      ]
    },
    {
      "title": "AI, Machine Learning and Deep Learning syllabuses added",
      "url": "https://fatih.ai/news/2026-06-08-machine-learning-deep-learning-syllabuses/",
      "date": "2026-06-08",
      "type": "Teaching",
      "summary": "I added new Worcester College syllabuses for AI and Machine Learning and AI and Deep Learning. The two pages set out a practical sequence from data, prediction and model evaluation to neural networks, transformers, LLMs, agents and responsible AI.",
      "links": [
        {
          "label": "Machine Learning",
          "url": "/machinelearning/"
        },
        {
          "label": "Deep Learning",
          "url": "/deeplearning/"
        }
      ]
    },
    {
      "title": "New research on AI as data liability",
      "url": "https://fatih.ai/news/2026-03-01-data-as-liability/",
      "date": "2026-03-25",
      "type": "Paper",
      "summary": "Our recent paper, Data as Liability, studies whether AI adoption creates a disclosure-visible data-governance cost. Using SEC filings, we find that AI adoption, especially customer-facing deployment, is associated with higher disclosed attention to data-breach risk, while AI invention is economically much smaller once both margins are compared.",
      "links": [
        {
          "label": "Read paper",
          "url": "/research/data_as_liability/"
        },
        {
          "label": "PDF",
          "url": "/aidata.pdf"
        }
      ]
    },
    {
      "title": "New research on global monetary-policy spillovers",
      "url": "https://fatih.ai/news/2026-02-01-immediate-global-impact/",
      "date": "2026-02-01",
      "type": "Research",
      "summary": "My paper, The Immediate Global Impact of US Monetary Policy, measures international spillovers in the same high-frequency window as FOMC surprises. Using US-traded country ETFs, it shows that US monetary-policy news reprices non-US equity wealth within thirty minutes, even when many foreign cash markets are closed.",
      "links": [
        {
          "label": "Read paper",
          "url": "/research/immediate_global_impact_us_monetary_policy/"
        },
        {
          "label": "PDF",
          "url": "/etf.pdf"
        },
        {
          "label": "SSRN",
          "url": "https://ssrn.com/abstract=5871422"
        }
      ]
    }
  ]
}