Assessing Financial System Vulnerabilities

36 Pages Posted: 15 Feb 2006

See all articles by R. Barry Johnston

R. Barry Johnston

International Monetary Fund (IMF)

Jingqing Chai

UNICEF

Liliana B. Schumacher

International Monetary Fund (IMF) - Asia and Pacific Department; George Washington University - Department of International Business

Date Written: April 2000

Abstract

Recent financial crises have highlighted the potentially significant macroeconomic costs of financial system instability, and the potential for the instability in the financial system of one country to have broader implications for the stability of financial systems and macroeconomic performance in other countries. This paper reviews the different analytical approaches to assessing vulnerabilities in the financial systems and the benefits and limitations of the different approaches, and suggests enhancements that could help strengthen financial system stability assessments.

Keywords: asymmetric information incentive structure risk models financial system vulnerabilities

JEL Classification: G15 B40 C4

Suggested Citation

Johnston, R. Barry and Chai, Jingqing and Schumacher, Liliana, Assessing Financial System Vulnerabilities (April 2000). IMF Working Paper, Vol. , pp. 1-36, 2000. Available at SSRN: https://ssrn.com/abstract=879588

R. Barry Johnston (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Jingqing Chai

UNICEF ( email )

P. O. Box 4884
New York, NY
United States

Liliana Schumacher

International Monetary Fund (IMF) - Asia and Pacific Department ( email )

700 19th Street NW
Washington, DC 20431
United States

George Washington University - Department of International Business ( email )

2023 G Street NW
Washington, DC 20052
United States
202-244-3971 (Phone)
202-244-3971 (Fax)

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