Stress Testing at the IMF
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Summary:
For almost a decade, the IMF has been using stress tests to identify vulnerabilities across institutions that could undermine the stability of a country's financial system. This working paper focuses on the IMF's experience with stress testing in the Financial Sector Assessment Program (FSAP). It provides background on the nature of an FSAP and the role of macro stress testing within it. It also describes how the methodology of stress testing in FSAPs has been evolving and what are fairly common approaches now being used. Finally, it discusses the main strengths and challenges for future development of macro stress testing in FSAPs and provides an overview of stress testing practice in European FSAPs.
Series:
Working Paper No. 08/206
Subject:
Credit risk Financial Sector Assessment Program Financial stability Financial systems Liquidity risk Market risk Stress testing Technical Assistance
English
Publication Date:
September 1, 2008
ISBN/ISSN:
9781451870640/1018-5941
Stock No:
WPIEA2008206
Format:
Paper
Pages:
23
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