A paper published by the International Monetary Fund (IMF) on January 9 outlines a new framework to run system-wide liquidity stress tests.
The paper, authored by Christian Schmieder, Heiko Hesse, Benjamin Neudorfer, Claus Puhr and Stefan Schmitz, uses balance sheet data to create a template for adverse liquidity scenarios in the banking sector. The model can be applied to the IMF's Financial Sector Assessment Programmes.
The paper aims at providing stress testers with a flexible and easy-to-use
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