Market-based finance has grown rapidly in recent years–both in Ireland and internationally. This growing form of finance provides a valuable alternative to bank financing, supporting …
In this paper, we survey the rapidly developing literature on macroprudential stress-testing models. The scope of the survey includes models of contagion between banks, models of …
European Central Bank (ECB) defines financial stability1 as” a condition in which the financial system–which comprises financial intermediaries, markets and market …