01832cas a2200241 a 4500 AALejournalIMF017905 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484316832 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Luxembourg : Financial Sector Assessment Program: Technical Note-Risk Analysis. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (114 pages) IMF Staff Country Reports <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 Technical Note reviews the stability of Luxembourg's financial system. The financial soundness indicators for Luxembourg's financial system, which plays a key role in the intermediation of financial capital, have remained relatively robust in recent years. Household stress test results suggest that households' solvency would be significantly affected by a drop in income and housing prices and a rise in unemployment. Bank liquidity displays broad resilience, but would be weakened should wholesale funding dry up or funding stress emerge in foreign currencies. Banks were found to be less vulnerable to direct contagion risk through bilateral exposure; however, most banks have considerable cross-border exposure. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/261 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/261/002.2017.issue-261-en.xml IMF e-Library