Banks, Firms, and Jobs

Banks, Firms, and Jobs
We analyze the employment effects of financial shocks using a rich data set of job contracts, matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of... READ MORE...

Publication date: February 2017
ISBN 9781475579017
$18.00

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Publication date: February 2017

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