Banking Stress Scenarios for Public Debt Projections

Abstract:
The euro area sovereign debt crisis brought to light the potential risks to public finances posed by the banking sector. This paper simulates the potential impact of bank defaults on public finances based on stress test scenarios using an advance analytical methodology.

• Primary Source

European Commission: DG Economic and Financial Affairs: European Economy: Economic Papers No. 548, April 2015: Banking Stress Scenarios for Public Debt Projections http://ec.europa.eu/economy_finance/publications/economic_paper/2015/ecp548_en.htm

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