# Stabilizing the Financial System

##  Featured Research: Stabilizing the Financial System

**Professor Viral Acharya and co-author:** “Stress Test" for Banks as Liquidity Providers in a Time of Covid-19
[Read More](https://voxeu.org/article/stress-tests-banks-liquidity-insurers-time-covid) and [Download the PDF](http://pages.stern.nyu.edu/~sternfin/vacharya/public_html/pdfs/bank-liquidity-stress-test-Acharya-Steffen-v20March2020-FINAL-2.pdf)

**Professor Edward Altman:** Impact of the Covid-19 on the Corporate Credit Market
[Watch the Presentation](https://www.youtube.com/watch?v=G7FJyDpQ7wY&feature=youtu.be)

**Professor Edward Altman:** The Credit Cycle Before and After the Market’s Awareness of the Coronavirus Crisis in the U.S.
[Download the PDF](https://www.stern.nyu.edu/sites/default/files/assets/documents/credit-cycle-before-and-after.pdf)

**Professor Marti Subrahmanyam:** Third Global Conference on Creating Values
[Watch here](https://www.youtube.com/watch?v=vrPkl_twMbU)

**Professor Marti Subrahmanyam:** IIT Madras Foundation Directors Circle Series
[Watch here](https://us02web.zoom.us/rec/play/68Ukde2s_243GYWV4wSDVv8tW9W7Jv6s0ncdqacFyUq0WnEFNlf0ZOBGMLFIsVDlPq9sUpBNsY9r-tu2?startTime=1590936460000&_x_zm_rtaid=f-d4AI57SpOfz-QUbzuEtA.1597090839153.a3e25d0d75898c3a5d7143e9dad7e66a&_x_zm_rhtaid=663)

**Professor Marti Subrahmanyam and co-authors:** In Sickness and in Debt: The Covid-19 Impact on Sovereign Credit Risk
[Read More](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3613432)

**Professor Marti Subrahmanyam and co-authors:** The Covid-19 Shock and Equity Shortfall: Firm-level Evidence from Italy
[Read More](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3613343)

**Professor Marti Subrahmanyam and co-authors:** Research-Based Policy Advice in the Corona Crisis
[Read More](https://safe-frankfurt.de/news-latest/all-news/news-view/research-based-policy-advice-in-the-corona-crisis-the-safe-pandemic-policy-team.html)

**Professor Marti Subrahmanyam and co-authors:** Corona and Financial Stability 4.0: Implementing a European Pandemic Equity Fund
[Read More](https://safe-frankfurt.de/publications/working-papers/details/publicationname/corona-and-financil-stability-40-implementing-a-european-pandemic-equity-fund.html)

**Professor Marti Subrahmanyam and co-authors:** Corona and Financial Stability 3.0: Try Equity - Risk Sharing for Companies, Large and Small
[Read More](https://voxeu.org/article/try-equity-coronavirus-and-financial-stability)

**Professor Marti Subrahmanyam and co-authors:** Coronavirus and Financial Stability 2.0: Act Jointly Now, but Also Think About Tomorrow
[Read More](https://voxeu.org/article/coronavirus-and-financial-stability-20-act-jointly-now-also-think-about-tomorrow)

**Professor Marti Subrahmanyam and co-authors:** The Coronavirus and Financial Stability
[Read More](https://voxeu.org/content/coronavirus-and-financial-stability)