Stress testing in relation to the financial crisis
Stress testing in relation to the financial crisis

Author(s): Zuzana Töröková, Boris Šturc
Subject(s): Supranational / Global Economy, Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: stress testing; stress test scenarios; crisis scenarious;
Summary/Abstract: According to experts, the causes of the global financial crisis can be found on the poor management of banks and other institutions of financial intermediation, also on failure of credit rating agencies in the assigning credit ratings as well as misunderstanding or their poor interpretations. The cause lies in the absence of crisis scenarios and inadequate risk assessment by using stress testing.

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