Acharya, Viral V; Engle III, Robert F; Pierret, Diane - C.E.P.R. Discussion Papers - 2014
Macroprudential stress tests have been employed by regulators in the United States and Europe to assess and address the … solvency condition of financial firms in adverse macroeconomic scenarios. We provide a test of these stress tests by comparing … financial firm balance-sheets compare well between actual stress tests and the market-data based assessments, and both relate …