of more crisis prone regimes suggests no simple dividing line between safe floats and risky intermediate regimes. …

nature of the crisis? Contrary to the commonly held view that foreign banks play a stabilizing role during domestic banking …

Credibility is the bedrock of any crisis stress test. The use of stress tests to manage systemic risk was introduced by … constructing an effective crisis stress test. It combines financial markets impact studies of previous exercises with relevant case …. Pertinent concepts, issues and nuances particular to crisis stress testing are also discussed. The findings may be useful for …

Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of … current account deficits and external liability positions in the run-up to the crisis. It shows that relative price …

Although Sweden has recovered from the financial crisis, authorities have already initiated exit measures from crisis … banking sector, including a comprehensive stress-testing exercise of banks’ solvency and liquidity positions. While the … banking sector appears resilient to credit risk stress tests, liquidity stress test results reveal some weaknesses owing to …

testing was marked by methodology and data. The exercise forced banks to increase the quality and quantity of capitalization …

The global financial crisis provided Nigerian banks with opportunities to expand within Sub-Saharan Africa. Nigerian … banks have active cross-border liquidity flows, which may complicate the operation of monetary policy. The Central Bank of …