01726cas a2200241 a 4500 AALejournalIMF003916 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862515 1018-5941 BD-DhAAL BD-DhAAL Avesani, Renzo. FIRST : A Market-Based Approach to Evaluate Financial System Risk and Stability / Renzo Avesani. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents background work that has been the basis for the development of the market and credit risk indicators (MRI and CRI, respectively) as published in the IMF's Global Financial Stability Report (GFSR) since September 2004. The fundamental idea was to build a set of Financial Indicators on Risk and Stability (FIRST) that could reflect the market perceptions for current and future stress on financial institutions. The focus of the analysis is mainly on large, complex financial institutions (LCFIs) operating in the most advanced financial markets, MRI and CRI have also been applied to internationally active commercial banks and insurance companies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/232 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/232/001.2005.issue-232-en.xml IMF e-Library