Author: Mr.Paul Louis Ceriel Hilbers
Publisher: International Monetary Fund
ISBN: 145185501X
Category : Business & Economics
Languages : en
Pages : 39
Book Description
Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This paper is intended to answer some of the basic questions that may arise as part of the process of stress testing. The paper begins with a discussion of stress testing in a financial system context, highlighting some of the differences between stress tests of systems and of individual portfolios. The paper provides an overview of the process itself, from identifying vulnerabilities, to constructing scenarios, to interpreting the results. The experience of the IMF in conducting stress testing as part of the Financial Sector Assessment Program (FSAP) is also discussed.
System Under Stress: Homeland Security and American Politics
Author: Donald F. Kettl
Publisher: SAGE
ISBN: 1452239908
Category : Political Science
Languages : en
Pages : 217
Book Description
"One of the book's many strengths is the way it brings an analytic focus to recent events. It does so in an engaging way, with the book overall written extremely well. And the emphasis on the role of political institutions is right on target."
Publisher: SAGE
ISBN: 1452239908
Category : Political Science
Languages : en
Pages : 217
Book Description
"One of the book's many strengths is the way it brings an analytic focus to recent events. It does so in an engaging way, with the book overall written extremely well. And the emphasis on the role of political institutions is right on target."
System Under Stress
Author: Donald F. Kettl
Publisher: C Q Press College
ISBN:
Category : History
Languages : en
Pages : 164
Book Description
Homeland security is perhaps the least understood of the important issues in American politics today. Created in response to system-wide coordination problems, it's unclear whether this new bureaucracy has made enough--and the right--changes to repel future terrorist attacks. Kettl shows how 9/11 stressed the political system and reveals what policymakers are doing well--and what the government is still struggling to solve.
Publisher: C Q Press College
ISBN:
Category : History
Languages : en
Pages : 164
Book Description
Homeland security is perhaps the least understood of the important issues in American politics today. Created in response to system-wide coordination problems, it's unclear whether this new bureaucracy has made enough--and the right--changes to repel future terrorist attacks. Kettl shows how 9/11 stressed the political system and reveals what policymakers are doing well--and what the government is still struggling to solve.
Stress Testing Financial Systems
Author: Mr.Paul Louis Ceriel Hilbers
Publisher: International Monetary Fund
ISBN: 145185501X
Category : Business & Economics
Languages : en
Pages : 39
Book Description
Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This paper is intended to answer some of the basic questions that may arise as part of the process of stress testing. The paper begins with a discussion of stress testing in a financial system context, highlighting some of the differences between stress tests of systems and of individual portfolios. The paper provides an overview of the process itself, from identifying vulnerabilities, to constructing scenarios, to interpreting the results. The experience of the IMF in conducting stress testing as part of the Financial Sector Assessment Program (FSAP) is also discussed.
Publisher: International Monetary Fund
ISBN: 145185501X
Category : Business & Economics
Languages : en
Pages : 39
Book Description
Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This paper is intended to answer some of the basic questions that may arise as part of the process of stress testing. The paper begins with a discussion of stress testing in a financial system context, highlighting some of the differences between stress tests of systems and of individual portfolios. The paper provides an overview of the process itself, from identifying vulnerabilities, to constructing scenarios, to interpreting the results. The experience of the IMF in conducting stress testing as part of the Financial Sector Assessment Program (FSAP) is also discussed.
The Financial System Under Stress
Author: Marc Uzan
Publisher: Routledge
ISBN: 1134780184
Category : Business & Economics
Languages : en
Pages : 240
Book Description
The collapse of Barings bank and the currency crisis in Mexico are just two instances of stress in an international financial system still largely governed by the institutions established by the Bretton Woods Committee in 1944. Here, the authors put forward an agenda for a new system of international economic institutions to fit the changes in international relations. This agenda includes: * an analysis of the role of the Bretton Woods institutions and their relations with the newly created World Trade Organizations * a discussion of the search for world economic governance * an analysis of the crisis within EMS and the prospects for European Monetary Integration * an examination of the integration of private markets in the new economic architecture.
Publisher: Routledge
ISBN: 1134780184
Category : Business & Economics
Languages : en
Pages : 240
Book Description
The collapse of Barings bank and the currency crisis in Mexico are just two instances of stress in an international financial system still largely governed by the institutions established by the Bretton Woods Committee in 1944. Here, the authors put forward an agenda for a new system of international economic institutions to fit the changes in international relations. This agenda includes: * an analysis of the role of the Bretton Woods institutions and their relations with the newly created World Trade Organizations * a discussion of the search for world economic governance * an analysis of the crisis within EMS and the prospects for European Monetary Integration * an examination of the integration of private markets in the new economic architecture.
Stress Testing at the IMF
Author: Mr.Tobias Adrian
Publisher: International Monetary Fund
ISBN: 1513520741
Category : Business & Economics
Languages : en
Pages : 73
Book Description
This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a discussion on how IMF staff uses stress tests results for policy advice. The paper concludes by identifying remaining challenges to make stress tests more useful for the monitoring of financial stability and an overview of IMF staff work program in that direction. Stress tests help assess the resilience of financial systems in IMF member countries and underpin policy advice to preserve or restore financial stability. This assessment and advice are mainly provided through the Financial Sector Assessment Program (FSAP). IMF staff also provide technical assistance in stress testing to many its member countries. An IMF macroprudential stress test is a methodology to assess financial vulnerabilities that can trigger systemic risk and the need of systemwide mitigating measures. The definition of systemic risk as used by the IMF is relevant to understanding the role of its stress tests as tools for financial surveillance and the IMF’s current work program. IMF stress tests primarily apply to depository intermediaries, and, systemically important banks.
Publisher: International Monetary Fund
ISBN: 1513520741
Category : Business & Economics
Languages : en
Pages : 73
Book Description
This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a discussion on how IMF staff uses stress tests results for policy advice. The paper concludes by identifying remaining challenges to make stress tests more useful for the monitoring of financial stability and an overview of IMF staff work program in that direction. Stress tests help assess the resilience of financial systems in IMF member countries and underpin policy advice to preserve or restore financial stability. This assessment and advice are mainly provided through the Financial Sector Assessment Program (FSAP). IMF staff also provide technical assistance in stress testing to many its member countries. An IMF macroprudential stress test is a methodology to assess financial vulnerabilities that can trigger systemic risk and the need of systemwide mitigating measures. The definition of systemic risk as used by the IMF is relevant to understanding the role of its stress tests as tools for financial surveillance and the IMF’s current work program. IMF stress tests primarily apply to depository intermediaries, and, systemically important banks.
Stress Testing Financial Systems
Author: Mr.Matthew T Jones
Publisher: International Monetary Fund
ISBN: 9781589064027
Category : Business & Economics
Languages : en
Pages : 18
Book Description
Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This booklet is intended to answer some of the basic questions that may arise as part of the process of stress testing. The pamphlet begins with a discussion of stress testing in a financial system context, highlighting some of the differences between stress tests of systems and of individual portfolios. The booklet provides an overview of the process itself, from identifying vulnerabilities, to constructing scenarios, to interpreting the results. The experience of the IMF in conducting stress testing as part of the Financial Sector Assessment Program (FSAP) is also discussed.
Publisher: International Monetary Fund
ISBN: 9781589064027
Category : Business & Economics
Languages : en
Pages : 18
Book Description
Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This booklet is intended to answer some of the basic questions that may arise as part of the process of stress testing. The pamphlet begins with a discussion of stress testing in a financial system context, highlighting some of the differences between stress tests of systems and of individual portfolios. The booklet provides an overview of the process itself, from identifying vulnerabilities, to constructing scenarios, to interpreting the results. The experience of the IMF in conducting stress testing as part of the Financial Sector Assessment Program (FSAP) is also discussed.
The Financial System Under Stress
United States: Financial Sector Assessment Program-Stress Testing-Technical Notes
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1513578189
Category : Business & Economics
Languages : en
Pages : 143
Book Description
This Technical Note discusses key findings of stress testing on the United States under the Financial Sector Assessment Program. Several stress tests were used to quantify the potential impacts of risks and vulnerabilities in banking and non-banking sectors. The stress tests run by the authorities and by companies under the Dodd-Frank Act (DFA) suggest that most large bank holding companies (BHCs) are resilient to shocks similar to the last crisis. For BHCs, the IMF staff’s solvency stress tests over the initial stressed period are largely in line with the DFA stress testing results, and suggest that the system is generally robust, although some BHCs would fall below the hurdle rate in the stressed environment.
Publisher: International Monetary Fund
ISBN: 1513578189
Category : Business & Economics
Languages : en
Pages : 143
Book Description
This Technical Note discusses key findings of stress testing on the United States under the Financial Sector Assessment Program. Several stress tests were used to quantify the potential impacts of risks and vulnerabilities in banking and non-banking sectors. The stress tests run by the authorities and by companies under the Dodd-Frank Act (DFA) suggest that most large bank holding companies (BHCs) are resilient to shocks similar to the last crisis. For BHCs, the IMF staff’s solvency stress tests over the initial stressed period are largely in line with the DFA stress testing results, and suggest that the system is generally robust, although some BHCs would fall below the hurdle rate in the stressed environment.
Market-Based Structural Top-Down Stress Tests of the Banking System
Author: Mr.Jorge A. Chan-Lau
Publisher: International Monetary Fund
ISBN: 148438492X
Category : Business & Economics
Languages : en
Pages : 18
Book Description
Despite increased need for top-down stress tests of financial institutions, performing them is challenging owing to the absence of granular information on banks’ trading and loan portfolios. To deal with these data shortcomings, this paper presents a market-based structural top-down stress testing methodology that relies in market-based measures of a bank's probability of default and structural models of default risk to infer the capital losses they could experience in stress scenarios. As an illustration, the methodology is applied to a set of banks in an advanced emerging market economy.
Publisher: International Monetary Fund
ISBN: 148438492X
Category : Business & Economics
Languages : en
Pages : 18
Book Description
Despite increased need for top-down stress tests of financial institutions, performing them is challenging owing to the absence of granular information on banks’ trading and loan portfolios. To deal with these data shortcomings, this paper presents a market-based structural top-down stress testing methodology that relies in market-based measures of a bank's probability of default and structural models of default risk to infer the capital losses they could experience in stress scenarios. As an illustration, the methodology is applied to a set of banks in an advanced emerging market economy.
Stress Testing for Financial Institutions
Author: Daniel Rösch
Publisher:
ISBN: 9781906348113
Category : Bank
Languages : en
Pages : 0
Book Description
Looks at the regulatory and economic needs of banks and insurance companies, focusing on practical advice and solutions to everyday problems.
Publisher:
ISBN: 9781906348113
Category : Bank
Languages : en
Pages : 0
Book Description
Looks at the regulatory and economic needs of banks and insurance companies, focusing on practical advice and solutions to everyday problems.