# Prof. Viral Acharya's research on stress-testing European banks is cited

1 Faculty News March 16, 2014 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/0e6b4800-ab67-11e3-8cae-00144feab7de.html?siteedition=intl#ixzz2wDiUFUGC) -- "A detailed study by financial economists [Viral Acharya](http://www.stern.nyu.edu/faculty/bio/viral-acharya) and Sascha Steffen came up with an estimate of €510bn-€770bn for the shortfall."

[Read more](http://www.ft.com/intl/cms/s/0/0e6b4800-ab67-11e3-8cae-00144feab7de.html?siteedition=intl#ixzz2wDiUFUGC)