02387cas a2200265 a 4500 AALejournalIMF016054 230101c9999 xx r poo 0 0eng d 20.00 USD 9781513520742 2616-5333 BD-DhAAL BD-DhAAL Adrian, Tobias. Stress Testing at the IMF / Tobias Adrian, James Morsink, Liliana Schumacher. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (72 pages) Departmental 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 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. Mode of access: Internet Morsink, James. Schumacher, Liliana. Departmental Papers; Departmental Paper ; No. 2020/001 Full text available on IMF http://elibrary.imf.org/view/journals/087/2020/001/087.2020.issue-001-en.xml IMF e-Library