Macro-feedback effects have been identified as a key missing element for more effective macro-prudential stress testing. To fill this gap, this paper develops a framework that facilitates the analysis ...

Stress tests can be used to test the individual resilience of a single entity or to assess the system-wide vulnerabilities of a network. This paper examines the role of supervisory stress testing of ...

One of the challenges of financial stability analysis and bank stress testing is how to establish scenarios with meaningful macro-financial linkages, i.e., taking into account spillover effects and ...