2021 Comprehensive Surveillance Review— Background Paper on Systemic Risk and Macroprudential Policy Advice in Article IV Consultations
May 18, 2021
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This paper 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. The findings point to notable improvements made since the launch of the macrofinancial mainstreaming initiative, particularly in staff reports for advanced economies and in covering bank and credit-related risks.
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
Pages:
32
Volume:
2021
DOI:
Issue:
033
Series:
Policy Paper No. 2021/033
Stock No:
PPEA2021033
ISBN:
9781513582719
ISSN:
2663-3493
