This European Central Bank (ECB) publication - Stress Test Analytics for Macroprudential Purposes in the euro area (STAMP€) - offers a suite of analytical tools for those interested in stress-testing frameworks and has been developed by ECB staff over the past few years.

The TITUS exercise, held on 4 November 2015, was a crisis communication exercise involving the Eurosystem's payment system oversight function, TARGET2 operators and all critical payment infrastructures processing the euro, including some of their major participants. The participants were...

I study economies where banks do not fully internalize the social costs of default, which distorts their lending decisions. In all these economies, a common general equilibrium effect leads to aggregate over-investment. As a result, under laissez-faire, crises are too frequent and too costly...

I develop a model of money market funds (MMFs) to study the ability of sponsor support to provide stability to the industry. I find that strategic complementarities in the sponsors support decisions can make MMFs vulnerable to runs different from the canonical bank-runs: it may lead to runs of...