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Argentina: Financial Sector Assessment Program-Financial Sector Stability-Technical Note

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  • International Monetary Fund

Abstract

This paper provides technical analysis and detailed information underpinning the Financial Sector Assessment Program in Argentina. The implementation of stress tests is conceptually challenging in the Argentinean context, and the results must be interpreted with a high degree of caution. The stress tests examined the resilience of the Argentine banking system to solvency, liquidity, and contagion risks. These tests suggest that most banks are in a position to withstand substantial levels of stress while still phasing in capital requirements under Basel II, and credit risk is the most important vulnerability. Banks appeared resilient to market risk but less so to sovereign risks.

Suggested Citation

  • International Monetary Fund, 2016. "Argentina: Financial Sector Assessment Program-Financial Sector Stability-Technical Note," IMF Staff Country Reports 2016/065, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/065
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    References listed on IDEAS

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    3. Mr. G. Russell Kincaid & Mr. Charles Collyns, 2003. "Managing Financial Crises: Recent Experience and Lessons for Latin America," IMF Occasional Papers 2003/001, International Monetary Fund.
    4. Antonella Foglia, 2009. "Stress Testing Credit Risk: A Survey of Authorities' Aproaches," International Journal of Central Banking, International Journal of Central Banking, vol. 5(3), pages 9-45, September.
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    6. Burrows, Oliver & Learmonth, David & McKeown, jack & Williams, Richard, 2012. "RAMSI: a top-down stress-testing model developed at the Bank of England," Bank of England Quarterly Bulletin, Bank of England, vol. 52(3), pages 204-212.
    7. Mr. Martin Cihak, 2007. "Introduction to Applied Stress Testing," IMF Working Papers 2007/059, International Monetary Fund.
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    Cited by:

    1. International Monetary Fund, 2017. "Luxembourg: Financial Sector Assessment Program: Technical Note-Risk Analysis," IMF Staff Country Reports 2017/261, International Monetary Fund.

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