The BdF found that credit losses were highest when policy was delayed and there was a sudden transition.

BdF发现，当政策推迟和突然转变时，信贷损失最高。

Most of the tests used an accelerated time frame-five years in the DNB and BdF cases-in effect assuming that firms are stuck with the balance-sheets they have today.

大多数测试使用了一个加速的时间框架——DNB和BdF是5年——其实是假设公司一直受困于眼下的资产负债表。