Capital vulnerability at US banks began four years prior to crisis, NY Fed paper finds
Projections generated from banking data from the early 2000s show capital vulnerability in the US banking sector started as far back as 2004, before it peaked during the financial crisis at the end of 2008, according to a Federal Reserve Bank of New York brief.
The Capital and Loss Assessment under Stress Scenarios (CLASS) Model, by Beverly Hirtle, Anna Kovner, James Vickery and Meru Bhanot, uses the CLASS model, "a top-down capital stress-testing framework that projects the effect of different
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