Research in the News
Professor Viral Acharya is interviewed about his research on stress tests
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![Wall Street Journal logo Wall Street Journal logo](/sites/default/files/styles/480w/public/assets/images/wsjlogo.jpg?itok=RJJEjM0o)
Excerpt from The Wall Street Journal -- "Prof. Acharya’s analysis calculates banks’ leverage ratios, or equity as a share of total assets, based on their current stock-market valuations. 'When a bank’s market value of equity is approaching zero, it doesn’t matter what the book value of a bank’s equity is compared to what investors believe it actually is; Lehman’s was positive when it collapsed,' Prof. Acharya said in an interview."
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