Research & Writing

Publications & Essays

A research working paper on SSRN, chapters in the State Bank of Pakistan's Financial Stability Review, an M.Sc. thesis, and policy essays written at Yale School of Management.

Publications

A research working paper, and chapters authored and co-authored for the Financial Stability Review, the flagship annual publication of the State Bank of Pakistan. All links open the official published versions.

A Bayesian VAR Framework for US Macro-Financial Forecasting and Stress-Test Scenario Design

Working Paper · SSRN

2026 Read on SSRN →

Resilience of the Banking Sector

Financial Stability Review · State Bank of Pakistan

2022 Chapter 4 (PDF) → 2023 Chapter 4 (PDF) → 2024 Chapter 4 (PDF) →

Global and Domestic Macro-Financial Developments

Financial Stability Review · State Bank of Pakistan

2021 Chapter 1 (PDF) → 2022 Chapter 1 (PDF) → 2024 Chapter 1 (PDF) →

Climate Transition Risk and Financial Stability in Pakistan

Financial Stability Review · State Bank of Pakistan

2024 Chapter 4.1 (PDF) →

Impact of Monetary Policy on SME Loan Availability in Pakistan

M.Sc. Thesis · Pakistan Institute of Development Economics · 2018

2018 M.Sc. Thesis ↗

Policy Essays

Essays written at Yale School of Management on banking regulation, financial stability, and climate risk policy.

2026 Communicating Unconventional Policy: The Federal Reserve and the Bank of England ↗ 2025 Pakistan's Monetary Policy Tradeoff After the 2023 Inflation Shock ↗ 2025 Macroprudential Regulation for Open-Ended Bond Funds ↗ 2025 Market-Based Approaches to Bank Capital Regulation and Stress Testing ↗ 2025 Financial Stability Monitoring: Pakistan ↗ 2025 Should Climate Stress Tests Drive Capital Requirements? A Pillar 2 Perspective ↗ 2025 When Banks Fail: Resolution Design and the Moral Hazard Trade-Off ↗ 2025 Climate Risk, Sovereign Debt Sustainability and Financial Stability ↗