Coverart for item
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

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
Creator
Contributor
Author
Subject
Genre
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
Member of
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
Instantiates
Publication
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
Publication
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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