Challenges for Systemic Risk Assessment in Low-Income Countries

Mario Catalán and Dimitri Demekas

MPRA Paper from University Library of Munich, Germany

Abstract: Assessing and monitoring systemic risk is a challenge for policy makers and supervisors in all countries. It is particularly challenging in low-income countries (LICs), owing to a number of characteristics shared to a greater or lesser extent by most of them. This paper discusses these common characteristics and how they shape the nature of systemic risk in LICs, and concludes with some practical lessons for policy makers and financial supervisors that can help improve the effectiveness of systemic risk assessment and mitigation in these countries.

Keywords: financial stability; stress testing; systemic risk; low-income countries; macroprudential policy; IMF (search for similar items in EconPapers)
JEL-codes: G01 G28 G32 O16 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-ban, nep-cba, nep-cfn and nep-rmg
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Related works:
Journal Article: Challenges for systemic risk assessment in low-income countries (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:64125

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