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$ 1.0trn Capital Shortfall in European Banking Sector?
Politics ♦
Published: January 16, 2014; 23:17 ♦ (Vindobona)
According to U.S. economists, the stress tests carried out by the European Central Bank are too soft.
$ 1.0trn Capital Shortfall in European Banking Sector? / Picture: © Vindobona.org
In autumn, the ECB will examine the balance sheets of 128 Eurozone banks. The U.S. economist Viral Acharya and his German counterpart Sascha Steffen argue that the banking sector in the Eurozone has a substantially higher capital shortfall than expected.
Acharya and Steffen analyzed 109 banks. According to them, the calculated capital shortfall comes at approximately $ 1.0trn,…
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