Faculty News

Professor Viral Acharya's joint research on banking stress tests is spotlighted

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Excerpt from the Financial Times -- "The report’s authors — ZEW’s Sascha Steffen, NYU Stern’s Viral Acharya and University of Lausanne’s Diane Pierre — argue that the tests dramatically underestimate the actual capital shortfall at the banks, which they say could be as high as €900bn based on a market measure of capital."

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