The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Ron Anderson, Jon Danielsson, Chikako Baba, Udaibir Das, Heedon Kang, and Miguel Segoviano Basurto
INTERNATIONAL MONETARY FUND
Macroprudential stress testing (MaPST) is becoming firmly embedded in the post-crisis
policy-frameworks of financial-sectors around the world. MaPSTs can offer quantitative,
forward-looking assessments of the resilience of financial systems as a whole, to particularly
adverse shocks. Therefore, they are well suited to support the surveillance of macrofinancial
vulnerabilities and to inform the use of macroprudential policy-instruments. This report
summarizes the findings of a joint-research effort by MCM and the Systemic-Risk-Centre,
which aimed at (i) presenting state-of-the-art approaches on MaPST, including modeling and
implementation-challenges; (ii) providing a roadmap for future-research, and; (iii) discussing
the potential uses of MaPST to support policy.