This chapter does not consider the rise in pension funds as the centre of an accumulation regime under a kind of pure economic and financial problematic. It proposes that this rise puts into play – and the things related with it – the implicit political program that pension funds are...

The use of macro stress tests to assess bank solvency has developed rapidly over the past few years. This development was reinforced by the financial crisis, which resulted in substantial losses for banks and created general uncertainty about the banking sector's loss-bearing capacity. Macro...

On the basis of historical data aggregated over the period 1973 to 2000, we estimated four different equilibrium exchange rate models for the synthetic euro. Using the same data set, variable definitions and sample period offers the possibility to assess the uncertainty surrounding such...