may lead to the bankruptcy of its repo counterparties triggering contagion across asset classes. To buttress the …

obtain precise time-specific estimates of the bankruptcy cost parameter and consistently reject the null hypothesis of …

The CLASS model is a top-down capital stress testing framework that projects the effect of different macroeconomic … industry capital gap relative to a target ratio at different points in time under a common stressful macroeconomic scenario …. This estimated capital gap began rising four years before the financial crisis and peaked at the end of 2008. The gap has …

institution’s credit worthiness and the return on its market value, and importantly, on the level and quality of capital … steps taken to increase resilience, notably higher capitalization. Our results suggest increased capital buffers may …

. It turns out that project games are related to bankruptcy and taxation games.This relation allows us to establish the …