Systemic Risk Monitoring ('SysMo') Toolkit - A User Guide

81 Pages Posted: 8 Aug 2013

See all articles by Nicolas Blancher

Nicolas Blancher

International Monetary Fund (IMF)

Srobona Mitra

International Monetary Fund (IMF)

Hanan Morsy

European Bank for Reconstruction and Development; International Monetary Fund (IMF); Economic Research Forum (EFR)

A. Otani

International Monetary Fund (IMF)

Tiago Severo

International Monetary Fund (IMF)

Laura Valderrama

International Monetary Fund - Monetary and Capital Markets Department

Date Written: July 2013

Abstract

There has recently been a proliferation of new quantitative tools as part of various initiatives to improve the monitoring of systemic risk. The "SysMo" project takes stock of the current toolkit used at the IMF for this purpose. It offers detailed and practical guidance on the use of current systemic risk monitoring tools on the basis of six key questions policymakers are likely to ask. It provides "how-to" guidance to select and interpret monitoring tools; a continuously updated inventory of key categories of tools ("Tools Binder"); and suggestions on how to operationalize systemic risk monitoring, including through a systemic risk "Dashboard." In doing so, the project cuts across various country-specific circumstances and makes a preliminary assessment of the adequacy and limitations of the current toolkit.

Keywords: Financial sector, Financial risk, Financial institutions, Spillovers, Financial crisis, Cross country analysis, Sytemic Risk, Risk Indicators, Risk Monitoring, Macroprudential Policy, banking, banking sector, banking system, sovereign risk, banking crisis, financial risk, capital adequacy, banking systems, probability of default, bank linkages, banking stability, banking crises, banking crisis probability, banking system exposures, banking network, banking statistics, banking supervision, return on equity, return on assets, tier 1 capital, bank holdings, banking sector assets, central banking, banking sectors, banking supervisors, foreign exchange exposure, bank balance sheet, capital requir

JEL Classification: G21, G29, C51

Suggested Citation

Blancher, Nicolas and Mitra, Srobona and Morsy, Hanan and Otani, Akira and Severo, Tiago and Valderrama, Laura, Systemic Risk Monitoring ('SysMo') Toolkit - A User Guide (July 2013). IMF Working Paper No. 13/168. Available at SSRN: https://ssrn.com/abstract=2307411

Nicolas Blancher (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Srobona Mitra

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Hanan Morsy

European Bank for Reconstruction and Development ( email )

One Exchange Square
London, EC2A 2EH
United Kingdom

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Economic Research Forum (EFR) ( email )

21 Al-Sad Al-Aaly St.
(P.O. Box: 12311)
Dokki, Cairo
Egypt

Akira Otani

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Tiago Severo

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Laura Valderrama

International Monetary Fund - Monetary and Capital Markets Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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