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

Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by the U.S. authorities in 2009 in the form

Stress testing is becoming a widely used tool to assess potential vulnerabilities in a financial system. This booklet is intended to answer some of the basic qu

Stress testing has become the risk management tool du jour in the wake of the global financial crisis. In countries where the information reported by financial

The IMF has had extensive involvement in the stress testing of financial systems in its member countries. This book presents the methods and models that have be