Deniz Igan is an economist at the Macro-Financial Linkages Unit. Her research interests include corporate finance, banking, financial crises, and international finance.

Fluent In: Turkish.

Education:

Princeton University, Ph.D.

Princeton University, M.A.

Bilkent University, B.A.

Deniz Igan is an economist at the Macro-Financial Linkages Unit. Her research interests include corporate finance, banking, financial crises, and international finance.

Fluent In: Turkish.

Education:

Princeton University, Ph.D.

Princeton University, M.A.

Bilkent University, B.A.

IMF Books and Working Papers:

Fiscal Consolidation and the Cost of Credit: Evidence from Syndicated Loans, Working Paper No. 13/36, February 01, 2013

Global Housing Cycles, Working Paper No. 12/217, August 01, 2012

Policies for Macrofinancial Stability: How to Deal with Credit Booms, Staff Discussion Notes No. 12/6, June 07, 2012

Credit Growth and Bank Soundness: Fast and Furious?, Working Paper No. 11/278, December 01, 2011

Do Loan-to-Value and Debt-to-Income Limits Work? Evidence from Korea, Working Paper No. 11/297, December 01, 2011

How to Deal with Real Estate Booms: Lessons from Country Experiences, Working Paper No. 11/91, April 01, 2011

Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms, Staff Discussion Notes No. 11/2, March 01, 2011

Bank Lending in Turkey: Effects of Monetary and Fiscal Policies, Working Paper No. 10/233, October 01, 2010

Lessons and Policy Implications from the Global Financial Crisis, Working Paper No. 10/44, February 01, 2010

A Fistful of Dollars: Lobbying and the Financial Crisis, Working Paper No. 09/287, December 01, 2009

Three Cycles: Housing, Credit, and Real Activity, Working Paper No. 09/231, October 01, 2009

Exposure to Real Estate Losses: Evidence from the US Banks, Working Paper No. 09/79, April 01, 2009

Are Weak Banks Leading Credit Booms? Evidence from Emerging Europe, Working Paper No. 08/219, September 01, 2008

Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market, Working Paper No. 08/106, April 01, 2008

The Dynamics of Product Quality and International Competitiveness, Working Paper No. 07/97, April 01, 2007

Other IMF Publications

Making Friends (with Prachi Mishra), 2011, Finance & Development, June, Vol. 48, No. 2.

Housing Finance and Financial Stability—Back to Basics? (with Ann-Margret Westin, Dawn Yi Lin Chew, Francesco Columba, Alessandro Gullo, Andreas Jobst, John Kiff, Andrea Maechler, Srobona Mitra, and Erlend Nier), 2011, Chapter 3 in Global Financial Stability Report: Durable Financial Stability: Getting There from Here.

Bouncing Between Floors? Globally, House Prices are Up and Down (with Prakash Loungani), 2010, IMF Survey, October 8.

Dismal Prospects for the Real Estate Sector (with Prakash Loungani), 2010, Box 1.2 in World Economic Outlook: Recovery, Risk, and Rebalancing.

Asian Real Estate Markets: On Bubble Alert? (with Hui Jin), 2010, IMF Survey, June 2

Asian Residential Real Estate Markets: Bubble Trouble? (with Hui Jin), 2010, Box 1.3 in Global Financial Stability Report: Meeting New Challenges to Stability and Building a Safer System

Dutch Housing Markets: What Went Up Will Come Down?, 2010, Analytical Note 1 in Kingdom of the Netherlands – Netherlands: 2009 Article IV Consultation IMF Country Report No. 10/34

Macro-Financial Linkages in the Netherlands, 2010, Analytical Note 2 in Kingdom of the Netherlands – Netherlands: 2009 Article IV Consultation IMF Country Report No. 10/34

Risks from Real Estate Markets (with Prakash Loungani), 2009, Box 1.4 in World Economic Outlook: Sustaining the Recovery

Seven Questions about Political Influence and the Financial Crisis (with Prachi Mishra and Thierry Tressel), 2009, IMF Research Bulletin, September

Managing Housing Sector Boom-Bust Cycles (with Roberto Cardarelli and Alessandro Rebucci), 2008, IMF Survey, April 3

The Changing Housing Cycle and the Implications for Monetary Policy (with Roberto Cardarelli and Alessandro Rebucci), 2008, in World Economic Outlook: Housing and the Business Cycle

Staying on Top of the Game (with Stefania Fabrizio and Ashoka Mody), 2007, IMF Survey, June 13

Emigration from Lithuania: Determinants and Implications, 2006, in Republic of Lithuania: Selected Issues, SM/06/163

Other/Non-IMF Publications

Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market (with Giovanni Dell’Ariccia and Luc Laeven), forthcoming, Journal of Money, Credit, and Banking

Bank Lending in Turkey: Effects of Monetary and Fiscal Policies (with Burcu Aydin), forthcoming, Emerging Markets Finance and Trade

The “Wal-Mart Effect” in Central and Eastern Europe (with Junichi Suzuki), forthcoming, Journal of Comparative Economics

Housing, Credit, and Real Activity Cycles: Characteristics and Comovement (with Francisco Nadal de Simone, Alain Kabundi, Marcelo Pinheiro, and Natalia Tamirisa), forthcoming, Journal of Housing Economics

Incentive to Manipulate Earnings and its Connection to Analysts' Forecasts, Trading, and Corporate Governance (with Marcelo Pinheiro), forthcoming, Journal of Economics and Finance

A Fistful of Dollars: Lobbying and the Financial Crisis (with Prachi Mishra and Thierry Tressel), 2011, NBER Macroeconomics Annual, Volume 26.

Cross-Country Experiences and Policy Implications from the Global Financial Crisis (with Stijn Claessens, Giovanni Dell’Ariccia, and Luc Laeven), 2010, Economic Policy 62, 267-293.

Exposure to Real Estate in Bank Portfolios (with Marcelo Pinheiro), 2010, Journal of Real Estate Research 32 (1), 47-74.

Are Weak Banks Leading Credit Booms? Evidence from Emerging Europe (with Natalia Tamirisa), 2008, Comparative Economic Studies 50, 599-619.

The U.S. Subprime Mortgage Crisis: A Credit Boom Gone Bad? (with Giovanni Dell’Ariccia, and Luc Laeven), 2008, Proceedings, Federal Reserve Bank of Chicago, May, 201-204.

Speed Kills? Mortgage Credit Boom and the Crisis (with Giovanni Dell'Ariccia and Luc Laeven), 2010, in Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future, ed. Robert Kolb, Wiley: New York.

The Relationship between the Recent Boom and the Current Delinquencies in Subprime Mortgages (with Giovanni Dell'Ariccia and Luc Laeven), 2008, (lead piece) in The First Global Financial Crisis of the 21st Century, eds. Andrew Felton and Carmen Reinhart, CEPR: London, UK.

Product Quality and International Competitiveness in the New Member States of the EU, 2008, in Currency and Competitiveness in Europe, eds. Klaus Liebscher, Josef Christl, Peter Mooslechner, and Doris Ritzberger-Grunwald, Edward Elgar Publishing: Cheltenham, UK.