). Finally, we use bank fundamentals to estimate the cost of equity for unlisted banks. In general, unlisted banks are found to …

non-bank-regulated segments of the financial sector. Over the recent past, this interconnection has increased, likely …

non-bank-regulated segments of the financial sector. Over the recent past, this interconnection has increased, likely …

Since 2008, excess liquidity – defined as the sum of holdings of central bank reserves in excess of reserve … requirements and holdings of equivalent central bank deposits – has tended to accumulate in specific euro area countries and in a … liquidity that resulted also determined TARGET2 balances.At the individual bank level, when controlling for banks' capital, non …

results highlight the importance of the starting level of bank capital, bank asset quality, and banks’ adjustments for the …

The use of macro stress tests to assess bank solvency has developed rapidly over the past few years. This development … top-down macro stress testing framework that is used regularly for forward-looking bank solvency assessments. This paper …