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Systemic Risk Monitoring and Financial Stability



  • The views presented here are my own and do not necessarily reflect those of the Board of Governors or its staff.


This discussion briefly outlines key elements of a systemic risk monitor to help identify risks to financial stability. The monitor distinguishes shocks, which are varied and difficult to predict, from vulnerabilities, which can amplify shocks and lead to instability. Better data and models of amplification channels, and better communication among different authorities, are needed to be effective.

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