We build a stress testing framework to evaluate the sensitivity of banks’ profitability to plausible but severe adverse …’s volatility) and bank-specific variables (size, capital ratio, ratio of non interest income to assets) that significantly affect … French banks’ profitability. Second, our macroeconomic stress testing exercises based on a simulation of macroeconomic …

's original views about the rate of interest on bank credit have barely been commented so far. In this paper, we endeavour to link … these views with his theory of central banking in order to demonstrate that Thornton advocated an active use of the Bank of … quantity of circulating banknotes. Nevertheless, Thornton does not appear to have conceived the Bank's rate as a true " key …