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dc.contributor.authorMelecký, Martin
dc.contributor.authorPodpiera, Anca Maria
dc.date.accessioned2012-10-31T12:58:43Z
dc.date.available2012-10-31T12:58:43Z
dc.date.issued2012
dc.identifier.citationEmerging markets finance and trade. 2012, vol. 48, issue 4, p. 118-143.cs
dc.identifier.issn1540-496X
dc.identifier.urihttp://hdl.handle.net/10084/95653
dc.description.abstractThis paper reviews and compares stress-testing practices of central banks in Central and Southeastern Europe (CSEECBs) and outlines challenges in the area of stress testing going forward. The authors, focusing their comparison on CSEECBs, construct the baseline and stress scenarios, map macroeconomic scenarios and microeconomic factors to risk factors, calculate risk exposures to different risk indicators, and estimate outcome indicators to inform macroprudential policy. The main challenges going forward concern data reliability, consideration of quantitative microprudential indicators, incorporation of feedback effects in stress tests, institutionalization of macroprudential policy responses to alarming stress-test results, and information exchange for better cross-border supervision.cs
dc.language.isoencs
dc.publisherSharpecs
dc.relation.ispartofseriesEmerging markets finance and tradecs
dc.relation.urihttp://dx.doi.org/10.2753/REE1540-496X480407cs
dc.subjectcentral bankscs
dc.subjectCentral and Southeastern Europecs
dc.subjectfinancial stabilitycs
dc.subjectmacroprudential stress testscs
dc.subjectprudential supervisioncs
dc.titleMacroprudential stress-testing practices of central banks in Central and Southeastern Europe: comparison and challenges aheadcs
dc.typearticlecs
dc.identifier.locationNení ve fondu ÚKcs
dc.identifier.doi10.2753/REE1540-496X480407
dc.type.statusPeer-reviewedcs
dc.description.sourceWeb of Sciencecs
dc.description.volume48cs
dc.description.issue4cs
dc.description.lastpage143cs
dc.description.firstpage118cs
dc.identifier.wos000309271700008


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