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Macroprudential Solvency Stress Testing of the Insurance Sector

2014-07-22 Business & Economics
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Release : 2014-07-22
Genre : Business & Economics
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Book Rating : 55X/5 ( reviews)

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Book Synopsis Macroprudential Solvency Stress Testing of the Insurance Sector by : Mr.Andreas A. Jobst

Download or read book Macroprudential Solvency Stress Testing of the Insurance Sector written by Mr.Andreas A. Jobst. This book was released on 2014-07-22. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, stress testing has become a central aspect of the Fund’s bilateral and multilateral surveillance work. Recently, more emphasis has also been placed on the role of insurance for financial stability analysis. This paper reviews the current state of system-wide solvency stress tests for insurance based on a comparative review of national practices and the experiences from Fund’s FSAP program with the aim of providing practical guidelines for the coherent and consistent implementation of such exercises. The paper also offers recommendations on improving the current insurance stress testing approaches and presentation of results.

Macroprudential Solvency Stress Testing of the Insurance Sector

2014
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Release : 2014
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Macroprudential Solvency Stress Testing of the Insurance Sector by : Andreas A. Jobst

Download or read book Macroprudential Solvency Stress Testing of the Insurance Sector written by Andreas A. Jobst. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt:

Stress Testing at the IMF

2020-02-05 Business & Economics
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Release : 2020-02-05
Genre : Business & Economics
Kind : eBook
Book Rating : 741/5 ( reviews)

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Book Synopsis Stress Testing at the IMF by : Mr.Tobias Adrian

Download or read book Stress Testing at the IMF written by Mr.Tobias Adrian. This book was released on 2020-02-05. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Designing Effective Macroprudential Stress Tests

2015-06-30 Business & Economics
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Release : 2015-06-30
Genre : Business & Economics
Kind : eBook
Book Rating : 534/5 ( reviews)

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Book Synopsis Designing Effective Macroprudential Stress Tests by : Mr.Dimitri G. Demekas

Download or read book Designing Effective Macroprudential Stress Tests written by Mr.Dimitri G. Demekas. This book was released on 2015-06-30. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Macroprudential Stress Tests and Policies: Searching for Robust and Implementable Frameworks

2018-09-11 Business & Economics
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Release : 2018-09-11
Genre : Business & Economics
Kind : eBook
Book Rating : 382/5 ( reviews)

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Book Synopsis Macroprudential Stress Tests and Policies: Searching for Robust and Implementable Frameworks by : Ron Anderson

Download or read book Macroprudential Stress Tests and Policies: Searching for Robust and Implementable Frameworks written by Ron Anderson. This book was released on 2018-09-11. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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