1. Department of Banking and Finance, Faculty of Business, Girne American University, Kyrenia, Northern Cyprus, Turkey
2. Faculty of Business and Economics, Eastern Mediterranean University, Famagusta, Northern Cyprus, Turkey
3. Department of Banking and Finance, Faculty of Economics and Administrative Sciences, European University of Lefke, Northern Cyprus, Mersin, Turkey
4. Undersecretariat of Treasury, Republic of Turkey, Ankara, Turkey
5. Department of Economics, University of Cambridge, UK