Acharya, Viral; Engle, Robert; Richardson, Matthew - In: American Economic Review 102 (2012) 3, pp. 59-64
The financial crisis of 2007-2009 has given way to the sovereign debt crisis of 2010-2012, yet many of the banking issues remain the same. We discuss a method to estimate the capital that a financial firm would need to raise if we have another financial crisis. This measure of capital shortfall...
