To date, regulatory bank stress testing in the United States has focused on ensuring the banking system is resilient to losses in one or a few stress scenarios that involve macro-economic weakness, but it is unclear how far this resilience extends beyond the stress scenarios considered. In addition, a theory of which stress-scenarios should be chosen to achieve systemic-risk reduction objective...

Japan has now experienced over a decade of slow growth and deflation. This period has also been associated with protracted problems in the banking sector. A wide range of measures have been tried in to restore health in the banking sector including recapitalization, the extension of 100% guarantees to all deposits, and central bank purchases of shares held by banks. It has also argued that endi...

We present a robust full-featured architecture to preprocess text before parsing. It converts raw noisy corpus into a word lattice that will be used as input by a parser. It includes sequentially named-entity recognition, tokenization and sentence boundaries detection, lexicon-aware named-entity recognition, spelling correction, and non-deterministic multi-words processing, re-accentuation and ...

We investigate a banking system subject to repeated macroeconomic productivity shocks. By lowering the interest rates, the central bank can increase the intermediation margin, which fosters the recapitalization of banks. We show that without lowering interest rates, the banking system faces the risk of collapsing. When interest policy is aimed only at avoiding a banking collapse, the economy co...