 | The Global Bank Stress Test Author/Editor: Xiaodan Ding, Marco Gross, Ivo Krznar, Dimitrios Laliotis, Fabian Lipinsky, Pavel Lukyantsau, Thierry Tressel. Release Date:April, 2022 This paper presents the framework underlying the Global Bank Stress Test (GST) and applies it to recent data and global scenarios to illustrate the usefulness of the framework in assessing the more...
| Price: $20.00
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 | What Drives Mortgage Default Risk in Europe and the U.S.? Author/Editor: Marco Gross, Thierry Tressel, Xiaodan Ding, Eugen Tereanu. Release Date:April, 2022 We present an analysis of the sensitivity of household mortgage probabilities of default (PDs) and loss given default (LGDs) on unemployment rates, house price growth, interest rates, and other more...
| Price: $5.00
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| Global Corporate Stress Tests—Impact of the COVID-19 Pandemic and Policy Responses Author/Editor: Thierry Tressel, Xiaodan Ding. Release Date:August, 2021 Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, more...
| Price: $5.00
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| Non-Financial Corporate Debt in Advanced Economies, 2010–17 Author/Editor: Luiza Antoun de Almeida, Thierry Tressel. Release Date:July, 2020 This paper studies the evolution of non-financial corporate debt among publicly listed companies in major advanced economies between 2010 and 2017. Since 2010, firms have started to rely more on more...
| Price: $18.00
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| Where Have All the Profits Gone? European Bank Profitability Over the Financial Cycle Author/Editor: Enrica Detragiache, Thierry Tressel, Rima A Turk. Release Date:May, 2018 The paper investigates EU banks' profitability through the recent financial cycle using banklevel balance sheet and income statement data. We find that banks that were more successful at protecting more...
| Price: $20.00
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| Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices: The Case of France Author/Editor: Piyabha Kongsamut, Christian Mumssen, Anne-Charlotte Paret, Thierry Tressel. Release Date:December, 2017 How can information on financial conditions be used to better understand macroeconomic
developments and improve macroeconomic projections? We investigate this question for France
by more...
| Price: $18.00
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| Effectiveness and Channels of Macroprudential Instruments : Lessons from the Euro Area Author/Editor: Thierry Tressel, Yuanyan Sophia Zhang. Release Date:January, 2016 The crisis has highlighted the importance of setting up macro-prudential oversight
 frameworks, having effective macro-prudential instruments in place to be called upon to
 mitigate more...
| Price: $18.00
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| Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments Author/Editor: Thierry Tressel, Shengzu Wang. Release Date:July, 2014 The paper examines progress with the external rebalancing of euro area deficit countries. Relative prices are adjusting at different pace across countries and with different compositions of wage cuts more...
| Price: $18.00
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| Adjustment in Euro Area Deficit Countries : Progress, Challenges, and Policies Author/Editor: Thierry Tressel, Shengzu Wang, Joong S Kang, Jay C Shambaugh, Jörg Decressin, Petya Koeva Brooks. Release Date:July, 2014 Imbalances within the euro area have been a defining feature of the crisis. This paper provides a critical analysis of the ongoing rebalancing of euro area “deficit economies” (Greece, Ireland, more...
| Price: $10.00
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| Optimal Prudential Regulation of Banks and the Political Economy of Supervision Author/Editor: Thierry Tressel, Thierry Verdier. Release Date:May, 2014 We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive more...
| Price: $18.00
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