Using a variety of information sources, the financial position of unlisted firms in recent years is examined and compared with that of the broader business sector. Despite some downward pressure on profits in 2009, ongoing profitability of firms in the unlisted sector has provided a flow of...

Stress testing can be a useful tool for authorities to assess the resilience of their banking systems to various shocks, including those that result in more borrowers being unable to repay their debts. This article outlines a model that simulates household loan defaults and losses using data...