# Prof. Viral Acharya's research on stress tests is cited

1 Faculty News October 30, 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/0/987e237c-5f81-11e4-a882-00144feabdc0.html?siteedition=intl#axzz3Hby0rAaG) -- "On October 27, Professors [Viral Acharya](http://www.stern.nyu.edu/faculty/bio/viral-acharya) and Sascha Steffen published an alternative estimate, using a different methodology, for 39 publicly listed eurozone banks with a combined balance sheet of €12.5tn (a subset of the banks in the EBA stress test and the ECB’s AQR). They calculated a shortfall of €450bn at the end of 2013 – about 3.6 per cent of assets."

[Read more](http://www.ft.com/intl/cms/s/0/987e237c-5f81-11e4-a882-00144feabdc0.html?siteedition=intl#axzz3Hby0rAaG)