Evaluate the impact of hypothetical shocks or policy changes—such as climate risks, geopolitical instability, or cyber events—on institutions or markets.…
Known as Project Pine, the joint study demonstrated that central banks could implement monetary policy in tokenised wholesale financial markets using programmable smart contracts. The prototype…
This note by Toronto Centre and accompanying podcast discusses the design, effective use, limitations, and interpretation of stress tests by financial supervisors. It explores a range of stress…