Do banks use credit default swap hedging to substitute for loan sales? By tracking banks' lending exposures and CDS … suggests that banks sell CDS protection as credit enhancements to facilitate loan sales. This study employs identification …

Does the cost of credit insurance affect the availability of credit? To answer this question, we couple comprehensive … bank-firm level CDS trading data from DTCC to the German credit register containing bilateral bank-firm credit exposures … of this decrease in insurance cost – these banks extend more credit to CDS traded and affected firms, and also hedge more …

We investigate how the introduction of market-based pricing, the practice of tying loan interest rates to credit …

Does hedging motivate CDS trading and does that affect the availability of credit? To answer these questions we couple … comprehensive bank-firm level CDS trading data from the Depository Trust and Clearing Corporation with the German credit register … containing bilateral bank-firm credit exposures. We find that following the Small Bang in the European CDS market, extant credit …