development is negligible. Also, our results suggest an additional channel through which better banking can spur growth: the …

regulatory capital relief, and exploit banking relationship and private information. Using new data that link large banks' CDS … relief hypotheses, but mixed evidence for the hedging, banking relationship, and private information hypotheses. Banks buy … evidence of bank using CDS to exploit private information …

development is negligible. Also, our results suggest an additional channel through which better banking can spur growth: the …

regulatory capital relief, and exploit banking relationship and private information. Linking large banks' CDS positions and … hypotheses, but mixed evidence for the hedging, banking relationship, and private information hypotheses. Banks buy and sell more … CDS on their borrowers, but their net CDS positions and lending status are largely unrelated. We find no evidence of bank …

banking and deeper capital markets is indeed most beneficial. However, conditional marginal effects imply that the positive …