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Financial Stability and Stress Testing: Risk Identification and Assessment within the Macroprudential Framework - Tapa blanda

Jakubik, Petr

 
9783659546983: Financial Stability and Stress Testing: Risk Identification and Assessment within the Macroprudential Framework
Tapa blanda
ISBN 10: 3659546984 ISBN 13: 9783659546983
Editorial: LAP LAMBERT Academic Publishing, 2014

Sinopsis

Recent episodes of financial turmoil have intensified policy discussion and research on financial stability. This book elaborates on methodologies, which can be used to measure financial sector vulnerabilities and identify potential risks. It further focuses on the link between the real and the financial sector as well as possible implications of household financial distress on the aggregate economy. It argues in favour of stress testing methodologies covering the key risks on banks’ balance sheets. These frameworks can also be used for emerging markets where data availability is typically limited. It is shown that due to the high volatility of credit growth in emerging economies, the static approach assuming constant balance sheet items is not very appropriate. Furthermore, the feedback effect between the financial sector and the real economy might play an important role under certain assumptions, and therefore it should be taken into account by policy makers. This effect can also emerge in the real sector itself as potential instability can be related to households’ distress and have an impact on the aggregate economy via additional decrease in household consumption.

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Reseña del editor

Recent episodes of financial turmoil have intensified policy discussion and research on financial stability. This book elaborates on methodologies, which can be used to measure financial sector vulnerabilities and identify potential risks. It further focuses on the link between the real and the financial sector as well as possible implications of household financial distress on the aggregate economy. It argues in favour of stress testing methodologies covering the key risks on banks' balance sheets. These frameworks can also be used for emerging markets where data availability is typically limited. It is shown that due to the high volatility of credit growth in emerging economies, the static approach assuming constant balance sheet items is not very appropriate. Furthermore, the feedback effect between the financial sector and the real economy might play an important role under certain assumptions, and therefore it should be taken into account by policy makers. This effect can also emerge in the real sector itself as potential instability can be related to households' distress and have an impact on the aggregate economy via additional decrease in household consumption.

Biografía del autor

Principal Expert on Financial Stability at the European Insurance and Occupational Pensions Authority (EIOPA), lecturing at Charles University in Prague, having extensive national and international working experience in the financial sector including financial stability, regulation, supervision, credit risk management and international economics.

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Editorial
LAP LAMBERT Academic Publishing
Año de publicación
2014
Idioma
Inglés
ISBN 10 
3659546984
ISBN 13 
9783659546983
Encuadernación
Tapa blanda
Número de páginas
144
Contacto del fabricante
no disponible
Persona responsable
no disponible