 | How to Capture Macro-Financial Spillover Effects in Stress Tests? Author/Editor: Heiko Hesse, Ferhan Salman, Christian Schmieder. Release Date:June, 2014 One of the challenges of financial stability analysis and bank stress testing is how to establish scenarios with meaningful macro-financial linkages, i.e., taking into account spillover effects and more...
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 | Fiscal Policy During Absorption Cycles Author/Editor: Ferhan Salman, Gabriela Dobrescu. Release Date:February, 2011 Domestic absorption cycles are relevant in assessment and design of fiscal policies. Our cross-country analysis covers 59 advanced and emerging countries for the 1990-2009 period. We show that more...
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 | The Impact of the Great Recession on Emerging Markets Author/Editor: Ferhan Salman, Mali Chivakul, Ricardo Llaudes. Release Date:October, 2010 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 crisis was more pronounced in those EMs that had more...
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