Narrow search
Showing 1 - 3 of 3
Cover Image
System-wide and banks' internal stress tests : regulatory requirements and literature review
Pliszka, Kamil - 2021
This paper deals with both system-wide and banks' internal stress tests. For system-wide stress tests it describes the evolution over time, compares the stress test design in major jurisdictions, and discusses academic research. System-wide stress tests have gained in importance and nowadays...
Persistent link: https://www.econbiz.de/10012534563
Cover Image
What are the real effects of financial market liquidity? : evidence on bank lending from the euro area
Dombret, Andreas R.; Foos, Daniel; Pliszka, Kamil; … - 2018
negatively related to credit spreads. Particularly during the financial crisis of 2007-09 and the subsequent European debt crisis …
Persistent link: https://www.econbiz.de/10011897986
Cover Image
Procyclical leverage in Europe and its role in asset pricing
Baltzer, Markus; Koehl, Alexandra; Reitz, Stefan - 2019
Broker-dealer leverage has recently proven to be strongly procyclical, exhibiting impressive explanatory power for a … balance-sheet indicators for asset pricing. In particular, leverage shows a procyclical behavior with a positive price of risk …. Moreover, high leverage coincides with high asset prices, thereby forecasting lower future returns. …
Persistent link: https://www.econbiz.de/10011987800