We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We … stress, while more than 6% of our sample's credit banks "fail" the stress test, mainly due to their lack of capital. The main … combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model …

How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

level. All of the effects are more pronounced for trading banks with higher capital levels. Finally, banks use central bank …We analyze securities trading by banks during the crisis and the associated spillovers to the supply of credit. We use … a proprietary dataset that has the investments of banks at the security level for 2005-2012 in conjunction with the …