კონფერენცია

∘ Nino Zhorzhikashvili ∘
USING A MACROPRUDENTIAL POLICY INSTRUMENT-STRESS-TESTING IN THE BANKING-FINANCIAL SECTOR

Abstract

Achieving financial stability is a major challenge for any country, especially in the wake of the 2008 global financial crisis. A sound financial system creates the conditions for the economic development and economic goals of the country, therefore it is very important to identify the systemic risks causing the financial crisis and eliminate them. The 2008 global financial crisis once again raised the issue of more active use of macroprudential policies, in particular, this involves the effective use of the stress-test of the banking and financial sector, which is a simulation model and on the basis of which the future shock source can be identified and prevented, as far as possible.

Keywords: Macroprudential policy, systemic risks, stress-testing.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Nino Zhorzhikashvili ∘ USING A MACROPRUDENTIAL POLICY INSTRUMENT-STRESS-TESTING IN THE BANKING-FINANCIAL SECTOR Abstract Achieving financial stability is a major challenge for any country, especially in the wake of the 2008 global financial crisis. A sound financial system creates the conditions for the economic development and economic goals of the country, therefore it is very important to identify the systemic risks causing the financial crisis and eliminate them. The 2008 global financial crisis once again raised the issue of more active use of macroprudential policies, in particular, this involves the effective use of the stress-test of the banking and financial sector, which is a simulation model and on the basis of which the future shock source can be identified and prevented, as far as possible. *Keywords:* Macroprudential policy, systemic risks, stress-testing.