Policy Papers

2021 Comprehensive Surveillance Review— Background Paper on Systemic Risk and Macroprudential Policy Advice in Article IV Consultations

May 18, 2021

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2021 Comprehensive Surveillance Review— Background Paper on Systemic Risk and Macroprudential Policy Advice in Article IV Consultations, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Summary

This paper assesses progress made in deepening and integrating systemic risk analysis and macroprudential policy advice in Article IV consultations following up on the findings of the IEO evaluation. The assessment informs the Comprehensive Surveillance Review and the FSAP Review in their recommendations to strengthen these areas in Article IV consultations. The findings point to notable improvements made since the launch of the macrofinancial mainstreaming initiative, particularly in staff reports for advanced economies and in covering bank and credit-related risks.

Subject: Financial sector policy and analysis, Financial sector stability, Macroprudential policy, Monetary policy, Political economy, Stress testing, Systemic risk, Systemic risk assessment

Keywords: Existing IMF policy, Financial sector stability, Financial Stability Board G-20 Data Gaps Initiative, Global, IMF staff calculation, IMF's transparency policy, Macroprudential policy, Policy mix, Risk analysis, Stress testing, Systemic risk, Systemic risk assessment

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Policy Paper No. 2021/033

  • Stock No:

    PPEA2021033

  • ISBN:

    9781513582719

  • ISSN:

    2663-3493