A Monitoring Framework for Global Financial Stability

Author/Editor:

Tobias Adrian ; Dong He ; Nellie Liang ; Fabio M Natalucci

Publication Date:

August 26, 2019

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published to elicit comments and to further debate.

Summary:

This paper describes the conceptual framework that guides assessments of financial stability risks for multilateral surveillance, as currently presented in the Global Financial Stability Report (GFSR). The framework emphasizes consistency in measuring financial vulnerabilities across countries and over time and offers a summary statistic to quantify aggregate financial stability risks. The two parts of the empirical approach—a matrix of specific vulnerabilities and a summary measure of financial stability risks—are distinct but highly complementary for monitoring and policymaking.

Series:

Staff Discussion Notes No. 19/06

Subject:

English

Publication Date:

August 26, 2019

ISBN/ISSN:

9781498300339/2617-6750

Stock No:

SDNEA2019006

Format:

Paper

Pages:

31

Please address any questions about this title to publications@imf.org