Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data …. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic … to model the interaction between the banking sector and the macroeconomy. Our identified-VAR analysis indicates that the …

traders to bank their permits for future use. In the model presented in this paper, banking of carbon allowances in a global … conditions traders find it optimal to bank permits, when banking is socially optimal, and what are the implications for present … of banking on carbon emissions, technological progress, and optimal investment decisions is quantified and the incentives …

Banking reform has proved to be one of the most problematic elements of economic transition in central and Eastern … Europe. Therefore the paper considers the development of the Estonian banking sector and derives individual banks´ fragility …

restructuring, and discusses the various arguments for and against public involvement in banking. …

of Performance Criterion. The favorable program results reflect prudent macroeconomic policies and important banking …