{
  "title": "Introduction to Applied Stress Testing",
  "publication": "IMF Working Papers, March 1, 2007",
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  "summary": "Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress tests, and illustrate their strengths and weaknesses.",
  "sections": [
    {
      "heading": "Summary / Purpose",
      "content": "- Stress testing is presented as a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events.\n- The paper aims to demystify stress tests and illustrate their strengths and weaknesses."
    },
    {
      "heading": "Methodology and Practical Exercise",
      "content": "- Uses an Excel-based exercise with institution-by-institution data to guide practical implementation.\n- Readers are walked through stress testing for multiple risk types and guided in the design of stress testing scenarios."
    },
    {
      "heading": "Risks and Analytical Coverage",
      "content": "- Stress testing exercises and discussion cover:\n  - credit risk\n  - interest rate risk\n  - exchange rate risk\n  - liquidity risk\n  - contagion risk"
    },
    {
      "heading": "Links to Other Analytical Tools",
      "content": "- Describes links between stress testing and:\n  - financial soundness indicators\n  - supervisory early warning systems"
    },
    {
      "heading": "Surveys and Institutional Practices",
      "content": "- Includes surveys of stress testing practices in central banks and the IMF."
    },
    {
      "heading": "Publication and Metadata (preserved exactly)",
      "content": "- By Martin Cihak\n- March 1, 2007\n- Pages: 74\n- Volume: 2007\n- Issue: 059\n- Series: Working Paper No. 2007/059\n- DOI: https://doi.org/10.5089/9781451866230.001\n- Stock No: WPIEA2007059\n- ISBN: 9781451866230\n- ISSN: 1018-5941"
    },
    {
      "heading": "Key Descriptive Keywords and Subjects",
      "content": "- Subject: Banking, Credit risk, Market risk, Nonperforming loans, Stress testing\n- Keywords: economic value, financial system, interest rate, WP\n\nSource: Introduction to Applied Stress Testing — IMF Working Paper by Martin Cihak (March 1, 2007).\n\n---\n\n Content in this bundle\n\n- Introduction to Applied Stress Testing; Martin Čihák; IMF Working Paper 07/59; March 1, 2007\n  - Introduction to Applied Stress Testing; Martin Čihák; IMF Working Paper 07/59; March 1, 2007 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Introduction to Applied Stress Testing; Martin Čihák; IMF Working Paper 07/59; March 1, 2007 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/introduction-to-applied-stress-testing-20222"
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    "Authors: Martin Cihak",
    "Published: March 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451866230.001",
    "Stress testing is presented as a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events.",
    "The paper aims to demystify stress tests and illustrate their strengths and weaknesses.",
    "Uses an Excel-based exercise with institution-by-institution data to guide practical implementation.",
    "Readers are walked through stress testing for multiple risk types and guided in the design of stress testing scenarios.",
    "Stress testing exercises and discussion cover:",
    "Describes links between stress testing and:",
    "Includes surveys of stress testing practices in central banks and the IMF.",
    "By Martin Cihak",
    "March 1, 2007",
    "Pages: 74",
    "Volume: 2007",
    "Issue: 059",
    "Series: Working Paper No. 2007/059",
    "DOI: https://doi.org/10.5089/9781451866230.001",
    "Stock No: WPIEA2007059",
    "ISBN: 9781451866230",
    "ISSN: 1018-5941",
    "Subject: Banking, Credit risk, Market risk, Nonperforming loans, Stress testing",
    "Keywords: economic value, financial system, interest rate, WP",
    "**Introduction to Applied Stress Testing; Martin Čihák; IMF Working Paper 07/59; March 1, 2007**"
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