Mr. Ferhan Salman

How to Capture Macro-Financial Spillover Effects in Stress Tests?

One of the challenges of financial stability analysis and bank stress testing is how to establish scenarios with meaningful macro-financial linkages, ...

Fiscal Policy During Absorption Cycles

Domestic absorption cycles are relevant in assessment and design of fiscal policies. Our cross-country analysis covers 59 advanced and emerging countr...

The Impact of the Great Recessionon Emerging Markets

This paper examines the impact of the recent global crisis on emerging market economies (EMs). Our cross-country analysis shows that the impact of the...