The IMF has just released new book. It's title is "Stress Testing : Principles, Concepts, and Frameworks"
The objective of this book is :
- to present IMF staff's further analyses and applications of these tools.
- Stress test exercises must be undertaken within a coherent and comprehensive framework;
- they must take into account "best practice" principles and incorporate key concepts; and
- they must hold up under intense scrutiny given their ability to significantly influence results.
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