... The Sensitivity of Bank Net Interest Margins and Profitability to Credit, Interest- Rate, and Term-Structure Shocks Across Bank Product Specializations Abstract This ... degrees to credit, interest- rate, and term-structure shocks Large and more diversified banks seem to be less sensitive to interest- rate and term-structure shocks, but more sensitive to credit shocks ... most banks continue to be sensitive to credit, interest- rate, and term-structure shocks However, the sensitivity to term-structure shocks seems to have lessened over time for certain groups of banks,...