Download This PaperStress Tests Disclosure: Theory, Practice, and New Perspectives
To appear at Handbook of Financial Stress Testing, Edited by Farmer, Kleinnijenhuis, Wetzer, and Schuermann, Cambridge University Press, 2020
29 Pages Posted: 20 Jul 2020
Date Written: June 28, 2020
Abstract
We review various costs and benefits of disclosure of stress test results and the models behind the tests and provide unified frameworks to evaluate the tradeoffs. We also review the evolution of practice on the disclosure of stress test results over the years and caution against the link between greater disclosure and weaker tests.
JEL Classification: D82, G01, G28
Suggested Citation: Suggested Citation
Goldstein, Itay and Leitner, Yaron, Stress Tests Disclosure: Theory, Practice, and New Perspectives (June 28, 2020). To appear at Handbook of Financial Stress Testing, Edited by Farmer, Kleinnijenhuis, Wetzer, and Schuermann, Cambridge University Press, 2020
, Available at SSRN: https://ssrn.com/abstract=3637146 or http://dx.doi.org/10.2139/ssrn.3637146
Itay Goldstein
University of Pennsylvania - The Wharton School - Finance Department ( email )
The Wharton School
3620 Locust Walk
Philadelphia, PA 19104
United States
215-746-0499 (Phone)
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