June 17, 2009
CNB Financial Stability Report 2008/2009
The 2008/2009 Financial Stability Report analyzes the developments of the Czech economy in 2008 and the first months of 2009 from the financial stability point of view and discusses the impacts of the global financial crisis on the Czech financial system...
In addition to a number of detailed analyses and advanced techniques including a new liquidity stress testing model, the report also assesses the impacts of several alternative adverse scenarios on the financial system in the Czech Republic.
The set of analyses presented in the 2008/2009 Financial Stability Report shows that the main risk to financial stability in the Czech Republic is a longer and deeper financial crisis and economic recession in Western European countries. The second key risk is the exceptionally high degree of uncertainty which businesses, financial institutions and households are facing. The Report, however, documents that the Czech financial sector is one of the most resilient sectors in the European context, and given its prudent behaviour in the past decade, it is well prepared to cope with these risks.
This year, the Report features the following thematic articles:
- Instruments for Curbing Fluctuations in Lending over the Business Cycle
- Property Price Determinants in the Czech Regions
- Models of Bank Financing of Czech Corporations and Credit Risk
- Estimating Expected Loss Given Default
The 2008/2009 Financial Stability Report is available at:
http://www.cnb.cz/en/financial_stability/fs_reports/fsr_2008-2009/index.html
Underlying charts and tables in the xls format are available for download from the above page.