AnalyzafinannístabilityvRprostednictvímdynamickych.pptVIP

Testing Resilience of the Czech Financial System;for assessing resilience of the financial system to shocks other than liquidity shocks, the CNB conducts stress tests of banking sector since 2003 three (slightly overlapping) stages in development of the stress testing framework for banks simple static stress testing/sensitivity analysis (2003-2006) static stress testing based on (consistent) macroeconomic scenarios, satellite models and with some interbank contagion (2005-2009) dynamic model-based stress testing (2009++) Macro-stress tests have semi-top-down style, CNB also runs bottom-up tes