Macro-Stress Testing (MST)

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Deadline for the application has passed.
Course No.: CE 17.16
Location: Kuwait City, Kuwait
Date: September 10, 2017-September 14, 2017 (1 Week)
Language: English

Target Audience:

Mid- to senior-level officials working in the banking supervision or financial stability departments/units of central banks or banking supervisory authorities.


Participants should have experience in stress testing, Basel II, and financial stability analysis.

Course Description:

This course, presented by the IMF's Monetary and Capital Markets Department, aims at discussing the recent developments in the area of stress testing for banks, and giving participants the opportunity to learn and apply new tools developed or used by MCM for stress testing purposes. Some of the tools form an integral part of the Financial Sector Assessment Program (FSAP) and Technical Assistance missions to various parts of the world including the MENA region. Moreover, the course provides an occasion for participants to share experiences in this important area. The course provides an overview of the objectives of stress testing and of the different methodologies and techniques currently used for that purpose; it also advises on some best practices to follow in applying these techniques. A large portion of the course incorporates several hands-on training modules. Groups are thereby exposed to the entire cycle of the stress testing process, including:- entering data; - estimating econometric models to create macro-financial links; - designing assumptions; - running tests; and- summarizing and presenting the results. Throughout, the focus is on the solvency and liquidity elements of the stress testing exercise. The course concludes with a roundtable discussion where participants exchange knowledge and share country experiences.

Course Objectives:
Upon completion of this course, participants should be able to:- Identify different sources of risk.- Map changes in macroeconomic variables onto bank variables.- Recognize different sources of contagion.- Asses resilience.- Assess adequacy of liquidity management.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.