The stress tests recommended by most central banks, for their supervisory review process, do not consider the probability of occurrence of the abnormal shocks. They also focus on worst-case scenarios and typically ignore the diversification benefits in a trading portfolio. However, stress tests...

In the wake of Basel II, stress tests are recommended by most central banks, for their supervisory review process. However, most of these tests fail to consider the probability of occurrence of the shocks. Using data on USD-INR and GBP-INR between January 2000 and February 2001, we couch stress...

Background: Whether non-communicable diseases (NCDs) are diseases of poverty or affluence in low-and-middle income countries has been vigorously debated. Most analyses of NCDs have used self-reported data, which is biased by differential access to healthcare services between groups of different...

Background: Reducing salt intake has been proposed to prevent cardiovascular disease in India. We sought to determine whether salt reductions would be beneficial or feasible, given the worry that unrealistically large reductions would be required, worsening iodine deficiency and benefiting only...

Background The use of self-reported measures of chronic disease may substantially underestimate prevalence in low-income and middle-income country settings, especially in groups with lower socioeconomic status (SES). We sought to determine whether socioeconomic inequalities in the prevalence of...

A large body of literature has blamed moral hazard behaviour by banks, for triggering the recent global financial crisis. Many reasons have been cited for such incentive distortion, e.g. the originate-to-distribute approach, regulatory capital arbitrage or the possibility of systemic bailouts....

The global financial crisis has reminded us that effective stress tests should not only be probabilistic, but also consider risk interdependence. In this paper, we combine two hypothetical shocks, of varying degrees, with more than fifteen years of fortnightly data on deposits, borrowings and...

Nach jahrelanger Recherche auf fünf Kontinenten haben zwei junge Epidemiologen ihre haarsträubenden Ergebnisse zu einem provokanten und dringlichen Pamphlet zusammengefasst: Es beweist, dass die aktuelle Sparpolitik nicht nur ökonomisch widersinnig agiert, sondern eine nicht wieder...