recent financial and economic crises have exerted. Providing a rare insight into the role that central banks play in the …

regulatory and/or market required minima. Central banks had to step in to provide liquidity when large parts of the financial …-side exposure. To cover systemically important European banks we choose a subset from the bank sample used by the European Banking … Association for the EU-wide stresstesting exercise in 2011. We add three Austrian banks to arrive at a sample of 90 European banks …

stress scenarios: (a) a regional shock in Central, Eastern and Southeastern Europe hitting Austrian banks through their large … account. Stress test calculations were performed by the OeNB for all Austrian banks (top-down approach) as well as by the six …