02149cas a2200289 a 4500 AALejournalIMF023053 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400218019 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Germany : Financial Sector Assessment Program-Technical Note-Stress Testing, Interconnectedness, and Risk Analysis. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (104 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 The financial sector weathered COVID relatively well on the back of high pre-crisis capital and liquidity buffers, strong public and private sector balance sheets, and unprecedented public and ECB support. Immediate risks to Germany's financial stability of Russia's invasion of Ukraine appear to be manageable due to the banks' limited direct exposures to Russia. However, risks associated with the economic fallout could impact some individual financial institutions, non-performing loans, and house prices. Real GDP growth was projected to regain momentum from mid-2022 onwards, but the war could hinder the recovery through supply constraints, higher-than-expected above-target inflation (with higher energy prices and supply constraints), a tightening of financial conditions, and shifts in investors' confidence. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Germany imf IMF Staff Country Reports; Country Report ; No. 2022/272 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=272 IMF e-Library