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2021 Financial Sector Assessment Program Review-Background Paper On Quantitative Analysis

Author/Creator:
International Monetary Fund. Monetary and Capital Markets Department.
Publication:
Washington, D.C. : International Monetary Fund, 2021.
Format/Description:
Government document
Book
1 online resource (68 pages)
Series:
IMF eLibrary
Policy Papers; Policy Paper ; No. 2021/041
Policy Papers
Status/Location:
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Summary:
This paper reviews quantitative tools of financial stability assessments under the Financial Sector Assessment Program (FSAP). A key focus of FSAPs is on methodologies to gauge risks on a system-wide level and propose mitigating measures. Therefore, the paper concentrates on the main elements of the FSAP's macroprudential stress testing framework:(i) the interaction among solvency, liquidity, and contagion risks in the banking sector, (ii) the assessment of the health of nonbank financial institutions (NBFIs), their interactions with banks and their impact on financial markets, (iii) the assessment of the health of nonfinancial sectors and their links to the financial sector, and (iv) macroprudential policy analysis. The paper also reviews recent improvements in microprudential bank solvency stress testing-an important foundation for the macroprudential stress testing framework-and discusses new tools for emerging risks (climate change, fintech, and cyber).
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Other format:
Print Version: 2021 Financial Sector Assessment Program Review-Background Paper On Quantitative Analysis
ISBN:
9781513584126
ISSN:
2663-3493
Publisher Number:
10.5089/9781513584126.007 doi
Access Restriction:
Restricted for use by site license.