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Europe > Switzerland

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Departmental Papers x
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Cover Departmental Papers
Strengthening Bank Regulation and Supervision: National Progress and Gaps
Ljubica Dordevic
,
Caio Ferreira
,
Moses Kitonga
, and
Katharine Seal
The paper employs two complementary strategies. First, it is pursues textual analysis (text mining) of the assessment reports to identify successes and challenges the authorities are facing. Second, it analyzes the grades in the Basel Core Principles assessments, including their evolution and association with bank fragility.
Keywords:
Bank Supervision; Bank Regulation; Basel Accords; Basel Core Principles; Global Financial Crisis; Prudential Requirements; credit risk; liquidity standard; bank capital adequacy; Basel III capital; liquidity risk; liquidity shock; risk assessment; liquidity reserve; liquidity reform; capital conservation buffer; liquidity strain; COVID-19; Corporate governance; Global
Cover Departmental Papers
Stress Testing at the IMF
Mr. Tobias Adrian
,
Mr. James Morsink
, and
Miss Liliana B Schumacher
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.
Keywords:
DPPP; DP; bank; IMF staff; stress tests; bank exposure; cash flow; funding cost; share price; defaults affect bank asset value; IMF solvency stress tests; optimization process; bank capital; IMF team; counterbalancing capacity; Stress testing; Financial Sector Assessment Program; Systemic risk; Solvency; Solvency stress testing; Global; Financial sector stability; risk amplification mechanism; IMF stress tests; solvency factor; IMF Library
Cover Departmental Papers
External Assessments in Special Cases
Anna Ter-Martirosyan
,
Ms. Sally Chen
,
Mr. Lawrence Dwight
,
Ms. Mwanza Nkusu
,
Mr. Mehdi Raissi
, and
Ms. Ashleigh Watson
External Assessments in Special Cases presents the pilot External Balances Assessment methodology developed by IMF staff for estimating current account and exchange rate gaps for a group of advanced and emerging market economies, and discusses modifications to take account of special cases. Different approaches to external assessments for countries with special circumstances are evaluated, and some tools presented that could be used to inform sound judgment on the part of those conducting such assessments.
Keywords:
DPPP; DP; exchange rate assessment; CGER method; CA balance; misalignment estimate; IMF staff calculation; assessment toolkit; IMF country team; exchange rate gap; Exchange rate assessments; Exchange rates; Income; External balance assessment (EBA); Global; Middle East; Central Asia; Sub-Saharan Africa; East Asia; pilot External Balances Assessment; IMF risk analysis; open economy; assessment method; EBA methodology; Remittances