Deniz Igan is an economist in the Macro-Financial Linkages Unit in the Research Department of the International Monetary Fund. Previously, she worked in the European Department. Her research interests include financial crises, corporate finance, and real estate markets. Her work has been published in academic journals including policy-oriented volumes such as NBER Macroeconomics Annual and Economic Policy. Deniz is a recipient of the IMF - Research Award for her innovative work on risks in real estate markets for the Early Warning Exercise and the Best Paper Award from the Midwest Finance Association.