Designing Effective Macroprudential Stress Tests is popular PDF and ePub book, written by Mr.Dimitri G. Demekas in 2015-06-30, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Designing Effective Macroprudential Stress Tests can be Read Online from any device for your convenience.
Designing Effective Macroprudential Stress Tests Book PDF Summary
Giving stress tests a macroprudential perspective requires (i) incorporating general equilibrium dimensions, so that the outcome of the test depends not only on the size of the shock and the buffers of individual institutions but also on their behavioral responses and their interactions with each other and with other economic agents; and (ii) focusing on the resilience of the system as a whole. Progress has been made toward the first goal: several models are now available that attempt to integrate solvency, liquidity, and other sources of risk and to capture some behavioral responses and feedback effects. But building models that measure correctly systemic risk and the contribution of individual institutions to it while, at the same time, relating the results to the established regulatory framework has proved more difficult. Looking forward, making macroprudential stress tests more effective would entail using a variety of analytical approaches and scenarios, integrating non-bank financial entities, and exploring the use of agent-based models. As well, macroprudential stress tests should not be used in isolation but be treated as complements to other tools and—crucially—be combined with microprudential perspectives.
Detail Book of Designing Effective Macroprudential Stress Tests PDF
- Author : Mr.Dimitri G. Demekas
- Release : 30 June 2015
- Publisher : International Monetary Fund
- ISBN : 9781513513621
- Genre : Business & Economics
- Total Page : 34 pages
- Language : English
- PDF File Size : 18,8 Mb
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