Credit derivatives are the latest in a series of innovations that have had a significant impact on credit markets. Using a micro data set of individual corporate loans, this paper explores whether use of credit derivatives is associated with an increase in bank credit supply. We find only...

The author identifies the characteristics of banks and securities firms that appear to contribute to competitive success in the international arena. She bases her findings on studies of several bank product markets and a statistical analysis of the performance of fifty-one large financial...