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We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...
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accrue for both interacting parties. This is also the case for Bank-SME relationships. However, the recent financial crisis … academic and managerial circles, and offers insights on both the expected effect of the recent crisis on Bank-SME relationships …
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