David Tessier

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Non-Linearities, Model Uncertainty, and Macro Stress Testing

Staff Working Paper 2008-30 Miroslav Misina, David Tessier
A distinguishing feature of macro stress testing exercises is the use of macroeconomic models in scenario design and implementation. It is widely agreed that scenarios should be based on "rare but plausible" events that have either resulted in vulnerabilities in the past or could do so in the future.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial stability JEL Code(s): C, C1, C15, G, G2, G21, G3, G33

Stress Testing the Corporate Loans Portfolio of the Canadian Banking Sector

Staff Working Paper 2006-47 Miroslav Misina, David Tessier, Shubhasis Dey
Stress testing, at its most general level, is an investigation of the performance of an entity under abnormal operating conditions.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial Institutions, Financial stability JEL Code(s): C, C1, C15, G, G2, G21, G3, G33

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