has focused instead on large public companies. This paper studies fixed-rate and adjustable-rate loans to see how small … consistently favor fixed-rate loans, minimizing their exposure to rising interest rates; firms adjust their exposure depending on … characteristics. In a twenty-eight-year time series, the aggregate share of fixed-rate bank loans moves with interest rates in a …

. Using a micro data set of individual corporate loans, this paper explores whether use of credit derivatives is associated … greater supply of bank credit for large term loans--newly negotiated loan extensions to large corporate borrowers--though not …