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A Monitoring Framework for Global Financial Stability
Author:
Mr. Tobias Adrian
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https://orcid.org/0000-0001-9379-9592
,
Mr. Dong He
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Nellie Liang null

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Mr. Fabio M Natalucci
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https://orcid.org/0000-0002-1621-8819
Series:
Staff Discussion Notes
Volume/Issue:
Volume 2019: Issue 006
Language:
English
Publication Date:
26 Aug 2019
DOI:
https://doi.org/10.5089/9781498300339.006
ISBN:
9781498300339
ISSN:
2617-6750
Pages:
31
Keywords:
SDN; financial condition; price; risk; GDP; downside risk; Financial stability; financial conditions; macroprudential policy; price of risk; term structure; financial market risk appetite; fire-sale risk; loose financial conditions; growth distribution; financial conditions switch; equity price; Financial sector risk; Financial sector stability; Growth-at-risk assessment; Financial conditions index; Global
Legal-disclaimer:
Staff Discussion Notes (SDNs) showcase policy-related analysis and research being developed by IMF staff members and are published to elicit comments and to encourage debate.The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.
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This paper describes the conceptual framework that guides assessments of financial stability risks for multilateral surveillance, as currently presented in the Global Financial Stability Report (GFSR). The framework emphasizes consistency in measuring financial vulnerabilities across countries and over time and offers a summary statistic to quantify aggregate financial stability risks. The two parts of the empirical approach—a matrix of specific vulnerabilities and a summary measure of financial stability risks—are distinct but highly complementary for monitoring and policymaking.
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Cover Staff Discussion Notes
Staff Discussion Notes
ISSN:
2617-6750
Publisher:
International Monetary Fund