This paper provides a brief overview of the recent practice of stress testing banking institutions, focusing on capital adequacy. We argue that stress testing has been successfully used to mitigate bank opacity; quantify systemic risk under extreme but plausible stress; keep the participants...

This paper quantifies the impacts of transport infrastructure investments on economic activity in Haiti, using satellite night-light luminosity as a proxy measure. Our identification strategy exploits the differential timing of rehabilitation projects across various road segments of the primary...

This paper provides a brief overview of the recent practice of stress testing banking institutions, focusing on capital adequacy. We argue that stress testing has been successfully used to mitigate bank opacity; quantify systemic risk under extreme but plausible stress; keep the participants...