System-wide stress testing & systemic risk

Thesis

The financial crisis of 2007-2009, which brought the entire system at the brink of collapse, renewed efforts to guard against financial instability. A key pillar of the post-crisis regulatory toolkit is "stress testing". Stress tests provide a forward-looking examination of firms’ potential losses during severely ad- verse conditions. And enable timely action to recapitalise those firms who experience capital shortfalls in such crisis scenarios. Today’s regulatory stress tests do not heed ...

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Authors: Kleinnijenhuis, AM

• Type of award: DPhil
• Level of award: Doctoral
• Awarding institution: University of Oxford
• Language: English
• Keywords: stress testing; systemic risk; networks; mathematics; finance
• Subjects: Stress Testing; Mathematics; Financial Stability; Financial Regulation; Systemic Risk; Networks; Finance