About

Selman Erol is an Associate Professor of Economics at the Tepper School of Business at Carnegie Mellon University. His profile is listed under the faculty and research section of the Tepper School, indicating his role as a full-time faculty member dedicated to research and teaching in economics. The page provides contact information including his email (erol@cmu.edu) and his office location at 5000 Forbes Avenue, Pittsburgh, PA. No additional biographical details, research focus, or key contributions are provided in the page text.

Research topics

• Economics
• Monetary economics
• Microeconomics
• Econometrics
• Financial system
• Actuarial science
• Geography
• Finance
• Macroeconomics
• Business

Selected publications

• A LONGITUDINAL ANALYSIS OF LANDSCAPE ARCHITECTURE STUDENTS’ PERSPECTIVES ON PROFESSIONAL EDUCATION AND CAREER

  Applied Ecology and Environmental Research · 2025-01-01

  articleOpen access1st authorCorresponding

  Based on the rapid development process and increasing global recognition of the landscape architecture (LA) profession, this study aims to analyze the attitudes of LA students towards their professional education and future careers by identifying key influencing factors.The study specifically investigates how students' perceptions have changed on their education and career by examining their approaches longitudinally over a 12-year period.Data were collected annually through questionnaires administered at Istanbul University-Cerrahpaa, Department of Landscape Architecture.Exploratory factor analysis was used to determine the dimensionality and grouping of the questionnaire's statements.Five key factor groups were identified, entitled as "The contribution of LA", "Professional competence and education", "Effects on life", "Improvement of professional qualifications" and "Professional enthusiasm".Correlation analysis was then conducted to examine the relationships between these factors and key student characteristics and reasons for choosing the department, planned working areas and sectors.The findings indicate that job selection was primarily influenced by job-related considerations, and most participants preferred to work in positions connected to LA.The most influential factors shaping students' attitudes were "the contribution of LA" and "professional competence and education".While students expressed a high level of agreement with statements related to societal and personal benefits of LA, their confidence in the sufficiency of their professional education was moderate.These findings highlight the need for a comprehensive enhancement of the landscape architecture curriculum by integrating more applied and technical courses that incorporate practice-oriented content, enhancing career counseling through mentoring programs, and promoting continuous professional development via targeted workshops and internships.In addition, fostering collaboration with sector professionals and refining student recruitment strategies are essential to better align educational experiences with professional practice and ensure that graduates are well-prepared for the demands of the field.

  PublisherDOI

• Consumer Wealth and Price Expectations

  Working paper · 2025-08-01

  reportOpen access

  Recent U.S. and European regulations promote centrally clearing derivatives to reduce complexity and systemic risk in the financial system.We argue that more clearing does not guarantee less systemic risk.We identify conditions under which the core clears less intensively than the periphery, which increases systemic risk by substituting multilateral netting for bilateral netting and making contagion less likely to start in the core but more likely to spread from the core.We study confidential derivatives regulatory data and find evidence of such clearing patterns.We further explore the implications of complexity and centrality within the financial system for stability.

  PublisherDOI

• Civil Liberties and Social Structure

  2024-01-01

  reportOpen access1st authorCorresponding

  Governments use coercion to aggregate distributed information relevant to governmental objectives-from the prosecution of regime-stability threats to terrorism or epidemics.A cohesive social structure facilitates this task, as reliable information will often come from friends and acquaintances.A cohesive citizenry can more easily exercise collective action to resist such intrusions, however.We present an equilibrium theory where this tension mediates the joint determination of social structure and civil liberties.We show that segregation and unequal treatment sustain each other as coordination failures: citizens choose to segregate along the lines of an arbitrary trait only when the government exercises unequal treatment as a function of the trait, and the government engages in unequal treatment only when citizens choose to segregate based on the trait.We characterize when unequal treatment against a minority or a majority can be sustained, and how equilibrium social cohesiveness and civil liberties respond to the arrival of widespread surveillance technologies, shocks to collective perceptions about the likelihood of threats or the importance of privacy, or to community norms such as codes of silence.

  PublisherOA PDFDOI

• <div> Financial System Architecture and Technological Vulnerability</div><div> <br></div>

  SSRN Electronic Journal · 2024-01-01

  preprintOpen access1st authorCorresponding
  PublisherDOI

• Network Hazard: Resilience and Moral Hazard in Network Formation

  SSRN Electronic Journal · 2024-01-01

  preprintOpen access1st authorCorresponding
  PublisherDOI

• Regulating Clearing in Networks

  SSRN Electronic Journal · 2024-01-01 · 1 citations

  articleOpen access
  PublisherDOI

• Financial System Architecture and Technological Vulnerability

  Staff reports · 2024-09-01

  reportOpen access1st authorCorresponding

  This paper presents a framework to study of technological resiliency of financial system architecture. Financial market infrastructures, or platforms, compete with services critical functions along various stages in the lifecycle of a trade, and make investments in technological resiliency to guard against attackers seeking to exploit system weaknesses. Platforms’ financial network effects attenuate competition between platforms on security. Exposure to vulnerabilities is magnified in the presence of strategic adversaries. Private provision of technological resiliency is generally sub-optimal, with over- and underinvestment in security depending on market structure. Vulnerabilities evolve over the maturity of a financial system, but there generically exists a tipping point at which technological resiliency diverges from optimal and creates technological drag on the financial system. We find supportive evidence in tri-party repo settlement: the exit of duopolist resulted in a significant drop in IT-related investment by the sole provider, even as peer firms ramp up investment.

  PublisherDOI

• Civil Liberties and Social Structure

  SSRN Electronic Journal · 2024-01-01

  articleOpen access1st authorCorresponding
  PublisherDOI

• Civil Liberties and Social Structure

  SSRN Electronic Journal · 2023-01-01

  preprintOpen access1st authorCorresponding
  PublisherDOI

• Network Hazard

  SSRN Electronic Journal · 2023-01-01

  articleOpen access1st authorCorresponding
  PublisherDOI

Frequent coauthors

• Guillermo Ordóñez

  University of Pennsylvania

  16 shared

• Haelim Anderson

  TD Bank

  9 shared

• Rakesh Vohra

  6 shared

• Cuong Le Van

  Paris School of Economics

  4 shared

• Camilo García-Jimeno

  Federal Reserve Bank of Chicago

  3 shared

• Francesca Parise

  3 shared

• Pablo D’Erasmo

  Federal Reserve Bank of Philadelphia

  3 shared

• Alexander Teytelboym

  University of Oxford

  3 shared