results highlight the importance of the starting level of bank capital, bank asset quality, and banks' adjustments for the …

member states. Measuring each bank's precise exposure to every sovereign issuer became a key issue for credit analysis in the …

European Central Bank's Financial Stability Committee Working Group on Stress Testing (WGST). Over a four-year period, the WGST …

We study the impact of higher bank capital buffers, namely of the Other Systemically Important Institu- tions (O …

This paper studies the long-run evolution of bank risk and its links to the macroeconomy. Using data for 17 advanced … economies, we show that the riskiness of bank assets declined materially between 1870 and 2016. But even though bank assets have … become safer, the losses on these assets are associated with increasingly large output gaps. Before 1945, bank asset returns …