How Long to Read Macro-Prudential Stress Test Models: A Survey

How Long Does it Take to Read Macro-Prudential Stress Test Models: A Survey?

It takes the average reader and 50 minutes to read Macro-Prudential Stress Test Models: A Survey by David Aikman

Assuming a reading speed of 250 words per minute. Learn more

Description

In this paper, we survey the rapidly developing literature on macroprudential stress-testing models. The scope of the survey includes models of contagion between banks, models of contagion within the wider financial system including non-bank financial institutions such as investment funds, and models that emphasise the two-way interaction between the financial sector and the real economy. Our aim is two-fold: first, to provide a reference guide of the state-of-the-art for those developing such models; second, to distil insights from this endeavour for policy-makers using these models. In our view, the modelling frontier faces three main challenges: (a) our understanding of the potential for amplification in sectors of the non-bank financial system during periods of stress, (b) multi-sectoral models of the non-bank financial system to analyse the behaviour of the overall demand and supply of liquidity under stress and (c) stress testing models that incorporate comprehensive two-way interactions between the financial system and the real economy. Emerging lessons for policy-makers are that, for a given-sized shock hitting the system, its eventual impact will depend on (a) the size of financial institutions' capital and liquidity buffers, (b) the liquidation strategies financial institutions adopt when they need to raise cash, and (c) the topology of the financial network.

How long is Macro-Prudential Stress Test Models: A Survey?

Macro-Prudential Stress Test Models: A Survey by David Aikman is 50 pages long, and a total of 12,500 words.

This makes it 17% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Macro-Prudential Stress Test Models: A Survey Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 8 minutes to read Macro-Prudential Stress Test Models: A Survey aloud.

What Reading Level is Macro-Prudential Stress Test Models: A Survey?

Macro-Prudential Stress Test Models: A Survey is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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