2021 Comprehensive Surveillance Review— Background Paper on Systemic Risk and Macroprudential Policy Advice in Article IV Consultations
Policy Papers, May 18, 2021
Source details
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- 2021 Comprehensive Surveillance Review— Background Paper on Systemic Risk and Macroprudential Policy Advice in Article IV Consultations
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Bibliographic details
- Published: May 18, 2021
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9781513582719.007
Overview
- Assesses progress made in deepening and integrating systemic risk analysis and macroprudential policy advice in Article IV consultations following up on the findings of the IEO evaluation.
- The assessment informs the Comprehensive Surveillance Review and the FSAP Review in their recommendations to strengthen these areas in Article IV consultations.
Key findings
- Notable improvements have been made since the launch of the macrofinancial mainstreaming initiative.
- Improvements are particularly evident in staff reports for advanced economies.
- Coverage has improved for bank and credit-related risks.
Policy relevance and implications
- The paper serves to inform recommendations in the Comprehensive Surveillance Review and the FSAP Review to strengthen systemic risk analysis and macroprudential policy advice in Article IV consultations.
- Emphasizes continued integration of macroprudential analysis into surveillance workstreams.
Subject areas and keywords
- Subject: Financial sector policy and analysis, Financial sector stability, Macroprudential policy, Monetary policy, Political economy, Stress testing, Systemic risk, Systemic risk assessment
- Keywords: existing IMF policy, Financial sector stability, Financial Stability Board G-20 Data Gaps Initiative, Global, IMF staff calculation, IMF's transparency policy, Macroprudential policy, Policy mix, risk analysis, Stress testing, Systemic risk, Systemic risk assessment
International Monetary Fund. Strategy, Policy, & Review Department "2021 Comprehensive Surveillance Review— Background Paper on Systemic Risk and Macroprudential Policy Advice in Article IV Consultations", Policy Papers 2021, 033 (2021), accessed 9/12/2026, https://doi.org/10.5089/9781513582719.007
Content in this bundle
- Policy Paper