## Macro-Stress Testing (MST)

## Source details

**Canonical URL:** [Macro-Stress Testing (MST)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2024/mstct24-03)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/ct/2024/mstct24-03/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/ct/2024/mstct24-03/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/ct/2024/mstct24-03/bundle-manifest.json)

## Bibliographic details
- Session: CT 24.03
- Location: Shenzhen, China
- Dates: January 8-19, 2024 (2 weeks)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Chinese

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### Target Audience and Qualifications
- Target Audience: IMF desk economists and officials working on financial stability in central banks or other supervisory authorities.  
- Qualifications: Participants are expected to have experience with financial stability analysis.

### Course Description
- Delivered by Monetary and Capital Markets Department (MCM) staff.  
- Focus: Macroprudential stress testing and systemic risk; touches upon microprudential stress testing but concentrates on macroprudential aspects.  
- Reviews: Stress testing objectives, methodologies, scenario design, and techniques.  
- Tools: Opportunity to learn tools used by MCM in the Financial Sector Assessment Program and technical assistance missions.  
- Banking focus: Credit and market risks, liquidity risk, contagion analysis, interactions between these risks, and feedback loops between real and banking sectors.  
- Emerging risks covered: Risks related to climate change, cyber, and fintech.  
- Nonbanks: Presents main elements of stress testing for insurance companies and mutual funds, and shows how nonbanks can give rise to systemic risk.  
- Policy and communication: Communicating stress test results and incorporating them in policy decision making, including calibration of macroprudential policy.  
- Peer exchange: External participants are encouraged to exchange knowledge and share country experiences.

### Course Objectives / Learning Outcomes
Upon completion of this course, participants will be able to:
- Link changes in macroeconomic and financial variables with financial results and measure their relative impact on the health of the banking system.  
- Assess the resilience of individual banks and the financial system to solvency, liquidity and contagion risks and their interaction.  
- Analyze the health of nonbank financial institutions, corporates, and households and assess their interconnectedness.  
- Analyze feedback effects between the banking sector and the macroeconomy.

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## References

- [In-person Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/ct/2024/mstct24-03_