In an op-ed, Prof. Viral Acharya discusses European banks' capital shortfalls
January 17, 2014
Excerpt from VoxEU -- "A comprehensive and decisive AQR will most likely reveal a substantial lack of capital in many peripheral and core European banks. This study provides estimates of the capital shortfalls of banks that will be stress-tested under the AQR using publicly available data and a series of shortfall measures."