Financial Stability
Papers and Reports on Financial Stability
General
- Good Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?
- Innovation in Banking and Excessive Loan Growth
- Financial system: shock absorber or amplifier?
- Implementing monetary policy in the 2000s: operating procedures in Asia and beyond
- Ongoing and Recent Work Relevant to Sound Financial Systems
- Financial Stability in the EU New Member States, Acceding and Candidate Countries
- Change and constancy in the financial system: implications for financial distress and policy
- Hedge Funds and Financial Stability: The State of the Debate
- Financial Market Liquidity and the Lender of Last Resort
- Cooperative Banks and Financial Stability
- How Do Central Banks Write on Financial Stability?
Tools and techniques
- Monitoring Banking Sector Risks: An applied approach
- DSGE models and central banks
- Are More Competitive Banking Systems More Stable?
- Transmission of Liquidity Shocks: Evidence from the 2007 Subprime Crisis
- Portfolio and financing adjustments for U.S.Banks: some empirical evidence
- Financial system: shock absorber or amplifier?
- Liquidity and financial cycles
- Liquidity and Leverage
- How Do Central Banks Write on Financial Stability?
- Network Models and Financial Stability
- Investors’ Risk Appetite and Global Financial Market Conditions
- Understanding the Securitization of Subprime Mortgage Credit
- Frequency of observation and the estimation of integrated volatility in deep and liquid financial markets
- Central bank policy rate guidance and financial market functioning
- Asset prices and monetary policy: booms and fat tails in East Asia
- Challenges in macro-finance modeling
- Challenges in Macro-Finance Modeling
- How Well Do Aggregate Bank Ratios Identify Banking Problems
- Systemic Loss: A Measure of Financial Stability
- Estimating the Exposures of Major Financial Institutions to the Global Credit Risk Transfer Market: Are They Slicing the Risks or Dicing with Danger?
- Searching for a Metric for Financial Stability
- Selected Indicators of Financial Stability
- Financial Sector Assessment: A Handbook IMF Staff and World Bank Staff
- Corporate Financial Structure and Financial Stability
- Corporate Sector Restructuring: The Role of Government in Times of Crisis
- Systemic Financial Crises, Balance Sheets, and Model Uncertainty
Stress testing resources
- Stress Testing Credit Risk: Experience from the Italian FSAP
- Liquidity Risk: Management and Supervisory Challenges
- Macroeconomic impact on expected default frequency
- Assessing Portfolio Credit Risk Changes in a Sample of EU large and Complex Banking Groups in Reaction to Macroeconomic Shocks
- The Framework for Macro Stress-Testing of Credit Risk: Incorporating Transition in Borrower Classifications, Financial System Report
- The IMF’s Experience with Macro stress-testing, presentation at the ECB conference on "Simulating Financial Instability"
- A new approach to assessing risks to financial stability
- Introduction to Applied Stress Testing
- Modelling the distribution of credit losses with observable and latent factors
- Introduction to Applied Stress Testing
- New Approaches to Stress Testing the Czech Banking Sector
- Portfolio credit risk and macroeconomic shocks: applications to stress testing under data-restricted environments
- Studies on credit risk concentration
- Modelling Scenario Analysis and Macro Stress-testing
- Systemic Risk Monitor: A Model for Systemic Risk Analysis and Stress Testing of Banking Systems
- A comparative analysis of macro-stress testing with application to Finland
- Using external information to measure credit risk
- Review and implementation of credit risk models of the Financial Sector Assessment Program
- The Exposure of Swiss Banks to Macroeconomic Shocks – an Empirical Investigation
- The IMF’s stress testing of the Norwegian financial sector
- Stress Testing Financial System: What to Do When the Governor Calls
- Stress Testing: A Review of Key Concepts
- Analytical tools of the FSAP
- Model for analyzing credit risk in the enterprise secto
- Stress Testing of Financial Systems: An Overview of Issues, Methodologies, and FSAP Experiences
- Portfolio Credit Risk
Monetary policy/operations
- Bank Losses, Monetary Policy, and Financial Stability—Evidence on the Interplay from Panel Data
- Central Bank Collateral Frameworks: Principles and Policies
- Central Bank Response to the 2007–08 Financial Market Turbulence: Experiences and Lessons Drawn
- Transmission of Liquidity Shocks: Evidence from the 2007 Subprime Crisis
- The Conduct of Global Monetary Policy and Domestic Stability
- The Effect of the Term Auction Facility on the London Inter-Bank Offered Rate
- Banking Globalization, Monetary Transmission, and the Lending Channel
- Monetary Transmission and the Yield Curve in a Small Open Economy
- Liquidity and Leverage
- Financial market developments and their implications for monetary policy
- Central bank policy rate guidance and financial market functioning
- Asset prices and monetary policy: booms and fat tails in East Asia
- Transmission mechanisms for monetary policy in emerging market economies
- Liquidity, Monetary Policy, and Financial Cycles
- Taylor Rule Under Financial Instability
- Housing and the Monetary Transmission Mechanism
- Financial Market Liquidity and the Lender of Last Resort
- Central Bank Collateral Frameworks: Principles and Policies
Financial crises
Macrofinancial linkages/Methodology
- Regional Financial Interlinkages and Financial Contagion Within Europe
- Systemic Banking Crises: A New Database
- Alternatives for Distressed Banks and the Panics of the Great Depression
- Financial Innovation, Macroeconomic Stability and Systemic Crises
- Corporate Financial Structure and Financial Stability
- Systemic Financial Crises, Balance Sheets, and Model Uncertainty
- Large-Scale Post-Crisis Corporate Sector Restructuring
- The Corporate Sector Dynamics of Systemic Financial Crises
- Restoring Financial Stability: Policy Recommendations from NYU Stern
- Systemic Banking Crises: A New Database
- Distress in the Financial Sector and Economic Activity
- Central Bank Response to the 2007–08 Financial Market Turbulence: Experiences and Lessons Drawn
- Taylor Rule Under Financial Instability
- Re-Establishing Credible Nominal Anchors After a Financial Crisis: A Review of Recent Experience
- Corporate Sector Restructuring: The Role of Government in Times of Crisis
- The financial crisis in Japan during the 1990s: how the Bank of Japan responded and the lessons learnt
- Large-Scale Post-Crisis Corporate Sector Restructuring
- The Corporate Sector Dynamics of Systemic Financial Crises
1990s: Japan, Asian crisis, Russia, LTCM
- The Asian Financial Crisis, Uphill Flow of Capital, and Global Imbalances: Evidence from a Micro Study
- The Asian crisis: what did local stock markets expect?
- Central Bank Involvement in Banking Crises in Latin America
- Japan's Distressed Debt Market
- The financial crisis in Japan during the 1990s: how the Bank of Japan responded and the lessons learnt
- Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia
- Contagion in global equity markets in 1998: The effects of the Russian and LTCM crises
Regional
- Good Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?
- Islamic Banks and Financial Stability: An Empirical Analysis
- The Asian Financial Crisis, Uphill Flow of Capital, and Global Imbalances: Evidence from a Micro Study
- The Asian crisis: what did local stock markets expect?
- Implementing monetary policy in the 2000s: operating procedures in Asia and beyond
- Credit Growth in the Middle East, North Africa, and Central Asia Region
- Financial market developments and their implications for monetary policy
- Asset prices and monetary policy: booms and fat tails in East Asia
- Japan's Distressed Debt Market
- The financial crisis in Japan during the 1990s: how the Bank of Japan responded and the lessons learnt
- Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia
- From Subprime Loans to Subprime Growth? Evidence for the Euro Area -- Chapter I
- Liquidity Management in the Euro Area -- Chapter III
- Financial Stability in the EU New Member States, Acceding and Candidate Countries
- Estimating Spillover Risk Among Large EU Banks
- Financial Integration in the Nordic-Baltic Region: Challenges for Financial Policies
- Is Europe Ready for a Major Banking Crisis?
- Integrating Europe's Financial Markets
- The Case for a European Banking Charter
- Systemic Loss: A Measure of Financial Stability
- New Approaches to Stress Testing the Czech Banking Sector
- Economic Integration and Financial Stability: A European Perspective
- How Good is Financial Sector Regulation and Supervision in Europe (page 83)
- European Financial Integration, Stability and Supervision (page 113)
- The housing meltdown: Why did it happen in the United States?
- What To Do about Bilateral Credit Limits in the LVTS When a Closure Is Anticipated: Risk versus Liquidity Sharing among LVTS Participants
- Subprime Mortgages: What, Where, and to Whom?
- Credit, Asset Prices, and Financial Stress in Canada
- Central Bank Involvement in Banking Crises in Latin America
Risk management
- Counterparty Risk in the Over-The-Counter Derivatives Market
- What To Do about Bilateral Credit Limits in the LVTS When a Closure Is Anticipated: Risk versus Liquidity Sharing among LVTS Participants
- Counterparty RM Policy Group--Containing Systemic Risk: The Road to Reform
- Innovations in credit risk transfer: implications for financial stability
- Senior Supervisors Group's Report on Observations on Risk Management Practices during the Recent Market Turbulence
- Liquidity Risk Management
- Credit Derivatives and Risk Management
- Hedge Funds, Financial Intermediation, and Systemic Risk
- Estimating the Exposures of Major Financial Institutions to the Global Credit Risk Transfer Market: Are They Slicing the Risks or Dicing with Danger?
- Review and implementation of credit risk models of the Financial Sector Assessment Program
- Systemic Credit Risk in the Presence of Concentration
Regulation/Supervision
- Quality of Financial Sector Regulation and Supervision Around the World
- Senior Supervisors Group's Report on Leading-Practice Disclosures for Selected Exposures
- Senior Supervisors Group's Report on Observations on Risk Management Practices during the Recent Market Turbulence
- What can (macro-) prudential policy do to support monetary policy?
- Is One Watchdog Better than Three?
- Transparency, Financial Accounting Information, and Corporate Governance