2021 Financial Sector Assessment Program Review

2021 Financial Sector Assessment Program Review—Background Paper On Traction

May 28, 2021

Preview Citation

Format: Chicago

2021 Financial Sector Assessment Program Review—Background Paper On Traction, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Summary

A key criterion for judging the success of the Financial Sector Assessment Program (FSAP) is the extent to which the program has enhanced the IMF’s engagement with policymakers and influenced country policies. This reflects the fact that achieving one of the program’s key objectives—reducing the frequency and severity of financial crises—rests on its ability to encourage policy action by country authorities, either directly or through other bilateral and multilateral activities. The “traction” of FSAPs thus reflects the degree to which the program is seen as useful by the authorities and the effect it has in shaping the domestic policy agenda. And the impact that the FSAP may have on wider domestic and international audiences.

Subject: Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector risk, Financial sector stability, Monetary policy, Political economy, Stress testing, Systemic risk

Keywords: Capital markets department of the IMF, Climate stress tests, Financial Sector Assessment Program, Financial sector risk, Financial sector stability, Global, Mission chief, Policy review Department, Policy review Department of the IMF, Stress testing, Systemic risk, Transparency policy

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2021/042
Stock No:

PPEA2021042
ISBN:

9781513583396
ISSN:

2663-3493

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