Series: IMF Working Papers
Author(s): Martin Cihak , and Li Ong
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
Keywords: Funding gap, liquidity risk, liquidity shocks, solvency risk, stress tests, banking, financial institutions, bonds, hedging, banking sector
The global financial crisis revealed weaknesses in the stress testing exercises performed on financial institutions and systems around the world. These failures were most evident in the area of liquidity risk, wher...