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Banking's Final Exam - Stress Testing and Bank-Capital Reform

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Introduction -- Why didn't the EU-wide stress tests receive a better reaction? -- Operational features and evolution of the US and EU-wide tests -- Criticisms of stress-testing methodology and of the measurement of bank capital -- Criticism of the height of the target capital ratio in stress tests -- Lessons and a plan -- References

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Banking's Final Exam - Stress Testing and Bank-Capital Reform, Morris Goldstein

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2016
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