The Resource Designing effective macroprudential stress tests : progress so far and the way forward, by Dimitri G. Demekas
Designing effective macroprudential stress tests : progress so far and the way forward, by Dimitri G. Demekas
Resource Information
The item Designing effective macroprudential stress tests : progress so far and the way forward, by Dimitri G. Demekas represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Designing effective macroprudential stress tests : progress so far and the way forward, by Dimitri G. Demekas represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- "Giving stress tests a macroprudential perspective requires (i) incorporating general equilibrium dimensions, so that the outcome of the test depends not only on the size of the shock and the buffers of individual institutions but also on their behavioral responses and their interactions with each other and with other economic agents; and (ii) focusing on the resilience of the system as a whole. Progress has been made toward the first goal: several models are now available that attempt to integrate solvency, liquidity, and other sources of risk and to capture some behavioral responses and feedback effects. But building models that measure correctly systemic risk and the contribution of individual institutions to it while, at the same time, relating the results to the established regulatory framework has proved more difficult. Looking forward, making macroprudential stress tests more effective would entail using a variety of analytical approaches and scenarios, integrating non-bank financial entities, and exploring the use of agent-based models. As well, macroprudential stress tests should not be used in isolation but be treated as complements to other tools and - crucially - be combined with microprudential perspectives."--Abstract
- Language
- eng
- Extent
- 1 online resource (34 pages)
- Note
- "June 2015."
- Contents
-
- Cover; Contents; I. What are Macroprudential Stress Tests?; II. Implementing Macroprudential Stress Tests: Progress So Far; A. Introducing General Equilibrium Dimensions in Stress Tests; B. Focusing Stress Tests on the Resilience of the Financial System as a Whole; III. The Way Forward for Macroprudential Stress Tests; References
- Isbn
- 9781513504018
- Label
- Designing effective macroprudential stress tests : progress so far and the way forward
- Title
- Designing effective macroprudential stress tests
- Title remainder
- progress so far and the way forward
- Statement of responsibility
- by Dimitri G. Demekas
- Language
- eng
- Summary
- "Giving stress tests a macroprudential perspective requires (i) incorporating general equilibrium dimensions, so that the outcome of the test depends not only on the size of the shock and the buffers of individual institutions but also on their behavioral responses and their interactions with each other and with other economic agents; and (ii) focusing on the resilience of the system as a whole. Progress has been made toward the first goal: several models are now available that attempt to integrate solvency, liquidity, and other sources of risk and to capture some behavioral responses and feedback effects. But building models that measure correctly systemic risk and the contribution of individual institutions to it while, at the same time, relating the results to the established regulatory framework has proved more difficult. Looking forward, making macroprudential stress tests more effective would entail using a variety of analytical approaches and scenarios, integrating non-bank financial entities, and exploring the use of agent-based models. As well, macroprudential stress tests should not be used in isolation but be treated as complements to other tools and - crucially - be combined with microprudential perspectives."--Abstract
- Cataloging source
- SIMAS
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- http://library.link/vocab/creatorName
- Demekas, Dimitri G
- Index
- no index present
- LC call number
- HG1601 ONLINE
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/relatedWorkOrContributorName
- International Monetary Fund
- Series statement
- IMF Working Paper,
- Series volume
- WP/15/146
- http://library.link/vocab/subjectName
-
- Bank liquidity
- Banks and banking
- Bank capital
- Banks and banking
- Bank capital
- Bank liquidity
- Banks and banking
- Label
- Designing effective macroprudential stress tests : progress so far and the way forward, by Dimitri G. Demekas
- Note
- "June 2015."
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- Cover; Contents; I. What are Macroprudential Stress Tests?; II. Implementing Macroprudential Stress Tests: Progress So Far; A. Introducing General Equilibrium Dimensions in Stress Tests; B. Focusing Stress Tests on the Resilience of the Financial System as a Whole; III. The Way Forward for Macroprudential Stress Tests; References
- Control code
- 912462900
- Extent
- 1 online resource (34 pages)
- Form of item
- online
- Isbn
- 9781513504018
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781513513621.001
- Specific material designation
- remote
- System control number
-
- imfWPIEA2015146
- (IMF)WPIEA2015146
- (OCoLC)912462900
- Label
- Designing effective macroprudential stress tests : progress so far and the way forward, by Dimitri G. Demekas
- Note
- "June 2015."
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- Cover; Contents; I. What are Macroprudential Stress Tests?; II. Implementing Macroprudential Stress Tests: Progress So Far; A. Introducing General Equilibrium Dimensions in Stress Tests; B. Focusing Stress Tests on the Resilience of the Financial System as a Whole; III. The Way Forward for Macroprudential Stress Tests; References
- Control code
- 912462900
- Extent
- 1 online resource (34 pages)
- Form of item
- online
- Isbn
- 9781513504018
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781513513621.001
- Specific material designation
- remote
- System control number
-
- imfWPIEA2015146
- (IMF)WPIEA2015146
- (OCoLC)912462900
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Designing-effective-macroprudential-stress-tests/vR9avRFQSLE/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Designing-effective-macroprudential-stress-tests/vR9avRFQSLE/">Designing effective macroprudential stress tests : progress so far and the way forward, by Dimitri G. Demekas</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
