Deniz Igan

International Monetary Fund (IMF) - Financial Studies Division

700 19th Street, N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

42

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9,702

SSRN CITATIONS
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Top 3,697

in Total Papers Citations

126

CROSSREF CITATIONS

238

Scholarly Papers (42)

Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market

European Banking Center Discussion Paper No. 2009-14S, CentER Discussion Paper Series No. 2009-46S
Number of pages: 44 Posted: 04 Mar 2008 Last Revised: 16 Jun 2009
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Financial Studies Division and European Central Bank (ECB)
Downloads 1,787 (13,954)
Citation 96

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credit boom, lending standards, mortgages, subprime loans, moral hazard, financial accelerators

Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market

IMF Working Paper No. 08/106
Number of pages: 39 Posted: 01 Jul 2008
European Central Bank (ECB), International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF) - Research Department
Downloads 564 (71,193)
Citation 2

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Working Paper, Credit expansion, Loans, Housing, Industrial structure, Financial instruments, Moral hazard

Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market

CEPR Discussion Paper No. DP6683
Number of pages: 54 Posted: 09 Jun 2008
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Financial Studies Division and European Central Bank (ECB)
Downloads 56 (528,490)
Citation 1
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credit boom, financial accelerators, lending standards, moral hazard, mortgages, subprime loans

2.

Lessons and Policy Implications from the Global Financial Crisis

IMF Working Paper No. 10/44
Number of pages: 41 Posted: 02 Mar 2010
European Central Bank (ECB), International Monetary Fund (IMF) - Financial Studies Division, Bank for International Settlements (BIS) and International Monetary Fund (IMF) - Research Department
Downloads 1,700 (15,343)
Citation 1

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Asset prices, Bank regulations, Bank supervision, Central bank role, Financial crisis, Financial sector, Fiscal policy, Fiscal reforms, Global Financial Crisis 2008-2009, International financial system, Intervention, Liquidity management, Price increases, Stabilization measures

Do Loan-to-Value and Debt-to-Income Limits Work? Evidence from Korea

IMF Working Paper No. 11/297
Number of pages: 35 Posted: 20 Dec 2011
Deniz Igan and Heedon Kang
International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF)
Downloads 731 (50,894)
Citation 5

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Do Loan-to-Value and Debt-to-Income Limits Work? Evidence from Korea

Number of pages: 38 Posted: 23 Aug 2011
Deniz Igan and Heedon Kang
International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF)
Downloads 88 (412,510)
Citation 19

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4.
Downloads 466 ( 90,929)
Citation 2

Bank Lobbying: Regulatory Capture and Beyond

Number of pages: 35 Posted: 05 Mar 2018
Deniz Igan and Thomas Lambert
International Monetary Fund (IMF) - Financial Studies Division and Rotterdam School of Management, Erasmus University
Downloads 400 (107,714)
Citation 2

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Banks, capture, financial crisis, lobbying, political economy, regulation, supervision

Bank Lobbying: Regulatory Capture and Beyond

IMF Working Paper No. 2019/171
Number of pages: 31 Posted: 26 Jan 2021
Deniz Igan and Thomas Lambert
International Monetary Fund (IMF) - Financial Studies Division and Rotterdam School of Management, Erasmus University
Downloads 66 (486,594)

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5.

Global Housing Cycles

IMF Working Paper No. 12/217
Number of pages: 57 Posted: 01 Nov 2012
Deniz Igan and Prakash Loungani
International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF)
Downloads 383 (114,095)

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Housing Cycles, Mortgage Markets, Developed Countries, Emerging Markets, Financial Systems, Housing Prices

6.

The Dynamics of Product Quality and International Competitiveness

IMF Working Paper No. 07/97
Number of pages: 35 Posted: 29 Apr 2007
S. Fabrizio, Deniz Igan and Ashoka Mody
International Monetary Fund (IMF), International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF) - Research Department
Downloads 361 (121,836)
Citation 1

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Winning Connections? Special Interests and the Sale of Failed Banks

Journal of Banking and Finance, Forthcoming
Number of pages: 62 Posted: 05 Jun 2017 Last Revised: 08 Apr 2022
International Monetary Fund (IMF) - Financial Studies Division, Rotterdam School of Management, Erasmus University, Erasmus University Rotterdam (EUR) and Monash University
Downloads 283 (156,779)
Citation 1

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auction, bank resolution, board connections, failed banks, financial crisis, lobbying, rent seeking, special interests

Winning Connections? Special Interests and the Sale of Failed Banks

IMF Working Paper No. 17/262
Number of pages: 48 Posted: 18 Jan 2018
International Monetary Fund (IMF) - Financial Studies Division, Rotterdam School of Management, Erasmus University, Erasmus University Rotterdam (EUR) and Monash University
Downloads 70 (471,584)

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Western Hemisphere, United States, Bank resolution, Financial crisis, Rent seeking, Failed banks, Lobbying, Economic Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior, Studies of Particular Policy Episodes, Government Policy and Regulation

Winning Connections? Special Interests and the Sale of Failed Banks

CEPR Discussion Paper No. DP12440
Number of pages: 57 Posted: 20 Nov 2017
International Monetary Fund (IMF) - Financial Studies Division, Rotterdam School of Management, Erasmus University, Erasmus University Rotterdam (EUR) and Monash University
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bank resolution, failed banks, financial crisis, Lobbying, rent seeking

8.

How to Deal with Real Estate Booms: Lessons from Country Experiences

IMF Working Paper No. 11/91
Number of pages: 59 Posted: 02 May 2011
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund
Downloads 335 (132,211)
Citation 20

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Bank credit, Business cycles, Cross country analysis, Demand, Fiscal policy, Housing, Monetary policy, Private sector, Property taxes, Real estate prices, Taxes

A Fistful of Dollars: Lobbying and the Financial Crisis

IMF Working Paper No. 09/287
Number of pages: 72 Posted: 05 Jan 2010
Deniz Igan, Prachi Mishra and Thierry Tressel
International Monetary Fund (IMF) - Financial Studies Division, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 236 (188,223)
Citation 6

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Corporate sector, Economic models, Financial crisis, Financial institutions, Financial sector, Global Financial Crisis 2008-2009, Governance, Housing, Legislation, Loans, Political economy

A Fistful of Dollars: Lobbying and the Financial Crisis

NBER Working Paper No. w17076
Number of pages: 84 Posted: 23 May 2011 Last Revised: 29 Aug 2022
Deniz Igan, Prachi Mishra and Thierry Tressel
International Monetary Fund (IMF) - Financial Studies Division, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF) - Research Department
Downloads 73 (460,847)
Citation 7

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10.

Ownership Structure and Analysts' Forecasts

Number of pages: 45 Posted: 05 Jan 2005
Deniz Igan and Marcelo Pinheiro
International Monetary Fund (IMF) - Financial Studies Division and PCAOB
Downloads 264 (169,147)
Citation 1

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Insiders, institutional investors, ownership structure, analysts' forecasts, earnings management, front-running, positive-feedback trading

11.

Three Cycles: Housing, Credit, and Real Activity

IMF Working Paper No. 09/231
Number of pages: 33 Posted: 26 Oct 2009
International Monetary Fund (IMF) - Financial Studies Division, University of Johannesburg - Department of Economics, International Monetary Fund (IMF), PCAOB and International Monetary Fund (IMF)
Downloads 250 (179,070)

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Bank credit, Business cycles, Credit demand, Cross country analysis, Developed countries, Economic growth, Economic models, Household credit, Housing prices, Interest rates, Time series

12.

Three’s Company: Wall Street, Capitol Hill, and K Street

Number of pages: 59 Posted: 23 Aug 2011
Deniz Igan and Prachi Mishra
International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF) - Research Department
Downloads 243 (183,427)
Citation 8

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lobbying, PAC, financial regulation

13.

Exposure to Real Estate Losses: Evidence from the Us Banks

IMF Working Paper No. 09/79
Number of pages: 35 Posted: 28 Apr 2009
Deniz Igan and Marcelo Pinheiro
International Monetary Fund (IMF) - Financial Studies Division and PCAOB
Downloads 231 (192,579)

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Banking sector, United States, Housing, Commercial banks, Consumer credit, Commercial credit, Real estate prices, Payments arrears, Economic models

Credit Growth and Bank Soundness: Fast and Furious?

IMF Working Paper No. 11/278
Number of pages: 27 Posted: 12 Dec 2011
Deniz Igan and Marcelo Pinheiro
International Monetary Fund (IMF) - Financial Studies Division and PCAOB
Downloads 176 (246,260)

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Bank soundness, Banks, Credit expansion, Cross country analysis, Economic models, Private sector

Credit Growth and Bank Soundness: Fast and Furious?

Number of pages: 28 Posted: 23 Aug 2011
Deniz Igan and Marcelo Pinheiro
International Monetary Fund (IMF) - Financial Studies Division and PCAOB
Downloads 33 (653,656)

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15.
Downloads 110 (353,931)
Citation 1

Fiscal Consolidation Policies and the Cost of Credit

Number of pages: 90 Posted: 21 Feb 2013 Last Revised: 07 Feb 2019
Senay Agca and Deniz Igan
George Washington University - School of Business, Department of Finance and International Monetary Fund (IMF) - Financial Studies Division
Downloads 84 (424,640)

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corporate loans, loan spreads, government policies, fiscal consolidation, government debt

Fiscal Consolidation and the Cost of Credit: Evidence from Syndicated Loans

IMF Working Paper No. 13/36
Number of pages: 45 Posted: 22 Feb 2013
Senay Agca and Deniz Igan
George Washington University - School of Business, Department of Finance and International Monetary Fund (IMF) - Financial Studies Division
Downloads 26 (705,934)
Citation 1

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cost of credit, fiscal consolidation, loan spreads, sovereign debt

16.

Are Weak Banks Leading Credit Booms? Evidence from Emerging Europe

IMF Working Paper No. 08/219
Number of pages: 23 Posted: 08 Oct 2008
Deniz Igan and Natalia T. Tamirisa
International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF)
Downloads 108 (358,505)

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Banking sector, Bank soundness, Credit expansion, Europe, Emerging markets, Bank credit, Risk management, Working Paper

17.

The Politics of the Paycheck Protection Program

Number of pages: 25 Posted: 01 Feb 2022
Deniz Igan, Thomas Lambert and Prachi Mishra
International Monetary Fund (IMF) - Financial Studies Division, Rotterdam School of Management, Erasmus University and International Monetary Fund (IMF) - Research Department
Downloads 104 (367,604)

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COVID-19, ideology, lobbying, Paycheck Protection Program

18.

Dealing with Real Estate Booms and Busts

BIS Paper No. 64J
Number of pages: 9 Posted: 19 Jun 2012
Deniz Igan
International Monetary Fund (IMF) - Financial Studies Division
Downloads 104 (367,604)

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19.

Bank Lending in Turkey: Effects of Monetary and Fiscal Policies

IMF Working Paper No. 10/233
Number of pages: 33 Posted: 01 Feb 2011
Burcu Aydin and Deniz Igan
International Monetary Fund and International Monetary Fund (IMF) - Financial Studies Division
Downloads 91 (400,463)
Citation 1

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Bank credit, Banking crisis, Banking sector, Credit expansion, Fiscal policy, Loans, Monetary policy, Monetary transmission mechanism, Turkey

20.

Monetary Policy and Balance Sheets

IMF Working Paper No. 13/158
Number of pages: 39 Posted: 31 Jul 2013
International Monetary Fund (IMF) - Financial Studies Division, University of Johannesburg - Department of Economics, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 81 (429,631)
Citation 3

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Monetary transmission mechanism, United States, Monetary policy, Interest rates, Economic models, monetary policy transmission, balance sheets, FAVAR, generalized dynamic factor models, monetary policy, inflation, money stock, transmission of monetary policy, monetary policy transmission mechanism, money market, monetary transmission, aggregate demand, monetary transmission mechanism, government securities, monetary economics, reserve requirements, monetary shock, monetary aggregates, monetary fund, real interest rates, expansionary monetary policy, monetary base, central bank, monetary aggregate, inflation rate, loose monetary policy, macroeconomic stability, monetary conditions, monetary t

21.

Racial Biases and Market Outcomes: 'White Men Can't Jump,' But Would You Bet On It?

Number of pages: 39 Posted: 20 Jan 2012 Last Revised: 11 Oct 2014
Deniz Igan, Marcelo Pinheiro and John Smith
International Monetary Fund (IMF) - Financial Studies Division, PCAOB and Rutgers University-Camden
Downloads 77 (442,212)

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Market efficiency, Racial biases, Belief-based discrimination

22.

‘White Men Can’t Jump,’ But Would You Bet on It?

Number of pages: 29 Posted: 08 Mar 2011 Last Revised: 23 Aug 2011
Deniz Igan, Marcelo Pinheiro and John Smith
International Monetary Fund (IMF) - Financial Studies Division, PCAOB and Rutgers University-Camden
Downloads 65 (483,891)

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Stereotypes, Point Spread, Market Efficiency

23.

Government Intervention and Bank Market Power: Lessons from the Global Financial Crisis for the COVID-19 Crisis

IMF Working Paper No. 2020/275
Number of pages: 35 Posted: 26 Jan 2021
Harvard University, International Monetary Fund (IMF) - Financial Studies Division, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 64 (487,814)

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24.

Doing More for Less? New Evidence on Lobbying and Government Contracts

IMF Working Paper No. 19/172
Number of pages: 48 Posted: 27 Aug 2019
George Washington University - School of Business, Department of Finance, International Monetary Fund (IMF) - Financial Studies Division, George Washington University and International Monetary Fund (IMF) - Research Department
Downloads 61 (499,556)

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National income accounts, National income accounting, Government expenditures, Industry, Trade policy, Political connections, lobbying, rent seeking, government spending, procurement, sequestration, post-event, industry concentration, full sample, federal contract

25.

Capital Inflows, Credit Growth, and Financial Systems

IMF Working Paper No. 15/193
Number of pages: 32 Posted: 14 Sep 2015
Deniz Igan, Tan Zhibo and Tan Zhibo
International Monetary Fund (IMF) - Financial Studies Division and Peking UniversityFudan University - School of Economics
Downloads 58 (511,624)
Citation 1

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Financial development, Financial structure, credit growth, financial system, Financial Markets and the Macroeconomy,

26.

Real Effects of Capital Inflows in Emerging Markets

IMF Working Paper No. 16/235
Number of pages: 51 Posted: 07 Mar 2017
Deniz Igan, Ali M. Kutan and Ali Mirzaei
International Monetary Fund (IMF) - Financial Studies Division, Southern Illinois University at Edwardsville and American University of Sharjah
Downloads 57 (515,721)

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Capital inflows, Economic growth, Capital flows, Industrial sector, Emerging markets, Capital flows, financial dependence, industry growth, emerging economies

27.

Delegated Portfolio Management, Benchmarking, and the Effects on Financial Markets

IMF Working Paper No. 15/198
Number of pages: 40 Posted: 13 Oct 2015
Deniz Igan and Marcelo Pinheiro
International Monetary Fund (IMF) - Financial Studies Division and PCAOB
Downloads 54 (528,619)

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Delegated portfolio management, Informativeness, Contagion, Home bias, market, markets, prices, price, value, Portfolio Choice,

28.

The Macroeconomic Relevance of Credit Flows: An Exploration of U.S. Data

IMF Working Paper No. 15/143
Number of pages: 42 Posted: 21 Jul 2015
International Monetary Fund (IMF), International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF)
Downloads 53 (533,007)

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Flow of funds, United States, Banks, Nonbank financial sector, Bank credit, Household credit, Business cycles, Financial crises, Economic recession, Economic recovery, Interconnectedness, Data analysis, Macro-financial linkages, Financial intermediation, Liquidity transformation

29.

March Madness in Wall Street: (What) Does the Market Learn from Stress Tests?

IMF Working Paper No. 15/271
Number of pages: 35 Posted: 03 Feb 2016
Queen Mary University of London - Economics Department, International Monetary Fund (IMF) - Financial Studies Division and PCAOB
Downloads 47 (560,734)
Citation 5

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Stress testing, Capital requirements, Public disclosure, Information, banks, bank, capital, risk, holding companies, Government Policy and Regulation, All Countries,

30.

The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector

IMF Working Paper No. 19/164
Number of pages: 91 Posted: 27 Aug 2019
International Monetary Fund (IMF) - Financial Studies Division, Stanford Graduate School of Business, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 45 (570,602)
Citation 1

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Financial crises, Financial institutions, Macroprudential policies and financial stability, Financial systems, Central banks, Financial crisis, Government interventions, Bank resolution, country-level, GFC, hybrid instrument, below-, asset purchase

31.

Limits to Private Climate Change Mitigation

IMF Working Paper No. 2021/112
Number of pages: 48 Posted: 04 Feb 2022 Last Revised: 15 Feb 2022
Dalya Elmalt, Deniz Igan and Divya Kirti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF)
Downloads 40 (597,029)

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climate change goal, ESG score, emissions growth, ESG indicator, climate change mitigation, Corporate social responsibility, Climate change, Greenhouse gas emissions, Climate finance, Global

32.

The Premia on State-Contingent Sovereign Debt Instruments

IMF Working Paper No. 2021/282
Number of pages: 48 Posted: 04 Feb 2022 Last Revised: 01 Mar 2022
Deniz Igan, Taehoon Kim and Antoine Levy
International Monetary Fund (IMF) - Financial Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 35 (625,491)

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State-contingent debt instruments, GDP-linked warrants, Risk premia, Procyclicality

33.

On Bayesian integration in sensorimotor learning: Another look at Kording and Wolpert (2004)

Number of pages: 18 Posted: 23 Feb 2021
affiliation not provided to SSRN, International Monetary Fund (IMF) - Financial Studies Division, PCAOB and Rutgers University-Camden
Downloads 28 (671,120)

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data reanalysis, memory, Bayesian judgments

34.

Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness

IMF Working Paper No. 2021/044
Number of pages: 42 Posted: 25 May 2021
Deniz Igan, Gee Hee Hong and Do Q Lee
International Monetary Fund (IMF) - Financial Studies Division, International Monetary Fund (IMF) and New York University
Downloads 27 (678,300)

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35.

Does Going Tough on Banks Make the Going Get Tough? Bank Liquidity Regulations, Capital Requirements, and Sectoral Activity

IMF Working Paper No. 20/103
Number of pages: 65 Posted: 23 Jul 2020
Deniz Igan and Ali Mirzaei
International Monetary Fund (IMF) - Financial Studies Division and American University of Sharjah
Downloads 23 (709,130)

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36.

When They Go Low, We Go High? Measuring Bank Market Power in a Low-for-Long Environment

IMF Working Paper No. 2021/149
Number of pages: 26 Posted: 04 Feb 2022 Last Revised: 22 Feb 2022
International Monetary Fund (IMF) - Financial Studies Division, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 21 (725,151)

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37.

How Do Regulations of Entry and Credit Access Relate to Industry Competition? International Evidence

IMF Working Paper No. 18/84
Number of pages: 46 Posted: 22 May 2018
Deniz Igan, Ali Mirzaei and Tomoe Moore
International Monetary Fund (IMF) - Financial Studies Division, American University of Sharjah and Brunel University London
Downloads 19 (742,039)

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Entry regulations, Credit access, Price-cost margins, Industry competition

38.

Limits to Private Climate Change Mitigation

CEPR Discussion Paper No. DP16061
Number of pages: 51 Posted: 14 May 2021 Last Revised: 04 Feb 2022
Dalya Elmalt, Deniz Igan and Divya Kirti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Financial Studies Division and International Monetary Fund (IMF)
Downloads 0 (949,619)
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Climate change mitigation, ESG, Major upstream emitters, sustainable investing

39.

Exposure to Real Estate in Bank Portfolios

Journal of Real Estate Research, Vol. 32, No. 1, 2010
Posted: 22 Nov 2015
Marcelo Pinheiro and Deniz Igan
PCAOB and International Monetary Fund (IMF) - Financial Studies Division

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40.

Incentive to Manipulate Earnings and its Connection to Analysts’ Forecasts, Trading, and Corporate Governance

Journal of Economics and Finance, Vol. 36, 2012
Posted: 22 Nov 2015
Marcelo Pinheiro and Deniz Igan
PCAOB and International Monetary Fund (IMF) - Financial Studies Division

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Analysts’ Forecasts, Earnings Manipulation, Ownership

41.

Housing, Credit, and Real Activity Cycles: Characteristics and Comovement

Journal of Housing Economics, Vol. 20, 2011
Posted: 22 Nov 2015
PCAOB, University of Johannesburg - Department of Economics, International Monetary Fund (IMF) - Financial Studies Division, International Monetary Fund (IMF) and International Monetary Fund (IMF)

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Macro-financial linkages, House prices, Credit, Business cycle

42.

A Study of a Market Anomaly: 'White Men Can't Jump,' But Would You Bet on It?

Journal of Economic Behavior and Organization, Vol. 113, 2015
Posted: 22 Nov 2015
Marcelo Pinheiro, Deniz Igan and John Smith
PCAOB, International Monetary Fund (IMF) - Financial Studies Division and Rutgers University-Camden

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Market efficiency, Racial groups, Mistaken beliefs, Market anomaliesa