{
  "title": "Stress Testing at the IMF",
  "publication": "IMF Working Papers, September 1, 2008",
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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).",
  "sections": [
    {
      "heading": "Summary",
      "content": "- 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.\n- This working paper focuses on the IMF's experience with stress testing in the Financial Sector Assessment Program (FSAP).\n- The paper provides background on the nature of an FSAP and the role of macro stress testing within it.\n- It describes how the methodology of stress testing in FSAPs has been evolving and what are fairly common approaches now being used.\n- It discusses the main strengths and challenges for future development of macro stress testing in FSAPs.\n- It provides an overview of stress testing practice in European FSAPs."
    },
    {
      "heading": "Role of Stress Testing in the FSAP",
      "content": "- Identifies vulnerabilities across institutions that could undermine financial system stability.\n- Situates macro stress testing as a core component within FSAP assessments."
    },
    {
      "heading": "Methodology Evolution and Common Approaches",
      "content": "- Describes evolving methodologies used in FSAP stress testing.\n- Summarizes fairly common approaches now being used in FSAPs (specific methodological details are described in the working paper)."
    },
    {
      "heading": "Strengths and Challenges for Future Development",
      "content": "- Discusses the main strengths of macro stress testing as applied in FSAPs.\n- Discusses challenges for future development of macro stress testing in FSAPs."
    },
    {
      "heading": "Overview of Practice in European FSAPs",
      "content": "- Provides an overview of stress testing practice in European FSAPs.\n\n---\n\n Content in this bundle\n\n- wp08206 - References\n  - wp08206 - References (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp08206 - References (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/stress-testing-at-the-imf-22275"
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    "Authors: Mark Swinburne, Stéphanie Marie Stolz, Marina Moretti",
    "Published: September 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451870640.001",
    "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).",
    "The paper provides background on the nature of an FSAP and the role of macro stress testing within it.",
    "It describes how the methodology of stress testing in FSAPs has been evolving and what are fairly common approaches now being used.",
    "It discusses the main strengths and challenges for future development of macro stress testing in FSAPs.",
    "It provides an overview of stress testing practice in European FSAPs.",
    "Identifies vulnerabilities across institutions that could undermine financial system stability.",
    "Situates macro stress testing as a core component within FSAP assessments.",
    "Describes evolving methodologies used in FSAP stress testing.",
    "Summarizes fairly common approaches now being used in FSAPs (specific methodological details are described in the working paper).",
    "Discusses the main strengths of macro stress testing as applied in FSAPs.",
    "Discusses challenges for future development of macro stress testing in FSAPs.",
    "Provides an overview of stress testing practice in European FSAPs.",
    "**_wp08206 - References**"
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