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Ali M. Kutan



Member of the Faculty Since: 1991

Ph.D., Arizona State University, 1990
M.S., Florida Atlantic University, 1985
B.A., Istanbul University, 1981

  • Office: Alumni Hall-3143
  • Office Phone: (618) 650-3473
  • Fax: (618) 650-3047
  • Email: akutan@siue.edu


  • Econ 302: Intermediate Macroeconomics
  • Econ 502: Advanced Macroeconomics
  • Econ/Fin 517: Time Series Analysis
  • Econ 543: Monetary and Fiscal Policy



Ali M. Kutan is a Professor of Economics and Finance at Southern Illinois University at Edwardsville, an associate member of the Emerging Market Group (EMG), Cass Business School, London, a research fellow at the the Jiangxi University of Economics and Finance, China, and the William Davidson Institute (WDI), University of Michigan Business School, and a senior fellow at the Center for European Integration Studies ( ZEI), University of Bonn, Germany. His research interests include applied international finance, financial markets and institutions, and financial aspects of economic development. His recent work focuses on the transition economies of the Central and East Europe, China, Turkey, the EU and the U.S. His recent research topics include the determination of asset prices in emerging markets, the monetary aspects of the enlargement of the European Union, and the impact of IMF actions on emerging markets.

Professor Kutan was a visiting scholar at the Economic Research Department of the Federal Reserve Bank of St. Louis from August 1998 through August 1999. His research is supported through several agencies, including the British Council, The National Council for Eurasian and East European Research, the U.S. Department of Education, and the William Davidson of Institute of the University of Michigan Business School. His paper on "Exchange Rate and Trade Policy on Transition Economies" won the "Paper Competition Award" through the Association for Comparative Economic Studies (ACES) in 1992 and his recent paper with Josef Brada on "Monetary Policy Convergence Between the Candidate Countries and the European Union" was the co-recipient of the best paper prize awarded by the Editorial Board of Economic Systems in summer 2001. More recently, his paper entitled “Corruption and Economic Development in Energy-rich Economies.”, co-authored with Yelena Kalyuzhnova and Taner Yigit has won the Bergson Prize for the best paper published in Comparative Economic Studies in 2009.  

Professor Kutan served as a consultant to the Bureau of Economic Research, U.S. Commerce Department and the World Bank. He provided management training for the Boeing Company in two locations, St. Louis and California, in the areas of international finance and business management. He has published about 100 articles in numerous economics and finance journals, including Applied Economics, Comparative Economic Studies, Economic Inquiry, Economic Systems, Economics Letters, Economics of Transition, Energy Economics, European Economic Review, Journal of Banking and Finance, Journal of Behavioral Finance, Journal of Comparative Economics, Journal of Conflict Resolution, Journal of Development Studies, Journal of Economic Behavior & Organization, Journal of Financial Stability, Journal of International Money and Finance, Journal of Policy Reform, Journal of International Financial Markets, Institutions and Money, International Review of Economics and Finance, International Review of Financial Analysis, Southern Economic Journal, Pacific-Basin Finance Journal, Review of Development Economics, Review of International Economics and book volumes published by the New York University and MIT Press.

In addition to his research, Professor Kutan serves as a referee for numerous professional journals. He is a member of several professional organizations, including the American Economic Association, American Finance Association, the Association for Comparative Economic Studies, and the Financial Management Association. He served as an Executive Board Member of the Association for Comparative Economic Studies during 2009-2013. He serves at the editorial board of Journal of Economic Studies and Eurasian Economic Review. Since joining the faculty in 1990, Professor Kutan has received several funded research grants from SIUE and external grants.

He served as the co-editor of Comparative Economic Studies from 2001 to 2003. He is currently the editor of Emerging Markets Finance and Trade, Borsa Istanbul Review, and Co-Editor of Economic Systems. He is frequently invited as a keynote speaker for international conferences and also conduct workshops on how to publish in top economics and business journals. 

Professor Kutan teaches a variety of economics and finance courses, including macroeconomics, international finance and time series analysis for economics and finance majors, and international business courses for MBA students.

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