We provide a first evaluation of the quality of banking stress tests in the European Union. We use stress tests scenarios and banks' estimated losses to recover bank level exposures to macroeconomic factors. Once macro outcomes are realized, we predict banks' losses and compare them to actual...

We provide a first evaluation of the quality of banking stress tests in the European Union. We use stress tests scenarios and banks' estimated losses to recover bank level exposures to macroeconomic factors. Once macro outcomes are realized, we predict banks' losses and compare them to actual...

This paper evaluates how an increase in the supply of skilled labor affects task assignment within and between occupations. Guided by a simple theoretical framework, we exploit detailed information about individual workers' tasks from multiple surveys to examine the impact of a twofold rise in...

This paper evaluates how an increase in the supply of skilled labor affects task assignment within and between occupations. Guided by a simple theoretical framework, we exploit detailed information about individual workers' tasks from multiple surveys to examine the impact of a twofold rise in...

This paper evaluates how an increase in the supply of skilled labor affects task assignment within and between occupations. Guided by a simple theoretical framework, we exploit detailed information about individual workers' tasks from multiple surveys to examine the impact of a twofold rise in...

We investigate the impact of changes in capital of European banks on their risk- taking behavior from 1992 to 2006, a time period covering the Basel I capital requirements. We specifically focus on the initial level and type of regulatory capital banks hold. First, we assume that risk changes...

As part of the International Banking Research Network, the Banque de France contribution to the research project on liquidity risk transmission concentrates on the “outward” transmission of shocks affecting French banking groups. Using a rich dataset on their international positions, we...