When Credit Dries Up: Job Losses in the Great Recession
Tóm tắt
Từ khóa
Tài liệu tham khảo
Acharya, 2016, Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans
Almeida, 2012, Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis, Critical Finance Review, 1, 3, 10.1561/104.00000001
Ayuso, 2006, House Prices and Rents: An Equilibrium Asset Pricing Approach, Journal of Empirical Finance, 13, 371, 10.1016/j.jempfin.2005.10.004
Balduzzi, 2015, Financial Markets, Banks’ Cost of Funding, andFirms Decisions: Lessons from Two Crises
Banco de España, 2009, Survey of Non-financial Corporations on Conditions of Access to Credit, Economic Bulletin, 147
Banco de España, 2014, Background Note on Public Financial Assistance in the Restructuring of the Spanish Banking System (2009–2013)
Banco de España, 2015, Encuesta sobre Préstamos Bancarios en España: Enero de 2015, Boletín Económico, 13
Benmelech, 2012, Financing Labor, Manuscript
Bentolila, 2012, Two-Tier Labour Markets in the Great Recession: France Versus Spain, Economic Journal, 122, F155, 10.1111/j.1468-0297.2012.02534.x
Berton, 2017, Banks, Firms, and Jobs
Boeri, 2013, Financial Shocks and Labor: Facts and Theory, IMF Economic Review, 61, 631, 10.1057/imfer.2013.20
Caggese, 2008, Financing Constraints and Fixed-Term Employment Contracts, Economic Journal, 118, 2013, 10.1111/j.1468-0297.2008.02200.x
Chava, 2011, The Effect of Banking Crisis on Bank-dependent Borrowers, Journal of Financial Economics, 99, 116, 10.1016/j.jfineco.2010.08.006
Chodorow-Reich, 2014, The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis, Quarterly Journal of Economics, 129, 1, 10.1093/qje/qjt031
Cingano, 2016, Does Credit Crunch Investments Down? New Evidence on the Real Effects of the Bank-lending Channel, Review of Financial Studies, 29, 2737, 10.1093/rfs/hhw040
Cuñat, 2010, Did Good Cajas Extend Bad Loans? Governance, Human Capital and Loan Portfolios
Davis, 1996, Job Creation and Destruction
Duygan-Bump, 2015, Financing Constraints and Unemployment: Evidence from the Great Recession, Journal of Monetary Economics, 75, 89, 10.1016/j.jmoneco.2014.12.011
European Central, 2010, EU Banking Structures
Fernandes, 2017, Financing Constraints and Fixed-Term Employment: Evidence from the 2008-9 Financial Crisis, European Economic Review, 92, 215, 10.1016/j.euroecorev.2016.12.009
Fernández-Villaverde, 2013, Political Credit Cycles: The Case of the Euro Zone, Journal of Economic Perspectives, 27, 145, 10.1257/jep.27.3.145
Font, 2015, Real Wage Responsiveness to Unemployment in Spain: Asymmetries along the Business Cycle, IZA Journal of European Labor Studies, 4, 1, 10.1186/s40174-015-0038-x
Garicano, Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints, Review of Economics and Statistics, 10.1162/REST_a_00566
Gobbi, 2014, Do Firms Benefit from Concentrating their Borrowing? Evidence from the Great Recession, Review of Finance, 18, 527, 10.1093/rof/rft017
Greenstone, 2014, Do Credit Market Shocks Affect the Real Economy? Quasi-Experimental Evidence from the Great Recession and ‘Normal’ EconomicTimes
Hochfellner, 2015, Winners and Losers of Financial Crises: Evidence from Individuals and Firms
Iacus, 2011, Multivariate Matching Methods that are Monotonic Imbalance Bounding, Journal of the American Statistical Association, 106, 345, 10.1198/jasa.2011.tm09599
Iacus, 2012, Causal Inference without Balance Checking: Coarsened Exact Matching, Political Analysis, 20, 1, 10.1093/pan/mpr013
Illueca, 2013, Liberalization and Risk-Taking: Evidence from Government-Controlled Banks, Review of Finance, 18, 1217, 10.1093/rof/rft023
Imbens, 2009, Recent Developments in the Econometrics of Program Evaluation, Journal of Economic Literature, 47, 5, 10.1257/jel.47.1.5
International Monetary Fund, 2012, Spain: The Reform of Spanish Savings Banks. Technical Note, 10.5089/9781475504286.002
Jiménez, 2014, The Real Effects of the Bank Lending Channel
Jiménez, 2012, Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications, American Economic Review, 102, 2301, 10.1257/aer.102.5.2301
Jiménez, Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments, Journal of Political Economy
Khwaja, 2008, Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market, American Economic Review, 98, 1413, 10.1257/aer.98.4.1413
Martínez-Pagés, 2009, Encuesta sobre Préstamos Bancarios en España, Boletín Económico, 67
Mian, 2014, What Explains the 2007-2009 Drop in Employment?, Econometrica, 82, 2197, 10.3982/ECTA10451
Oster, Unobservable Selection and Coefficient Stability: Theory and Evidence, Journal of Business Economics and Statistics
Paravisini, 2015, Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data, Review of Economic Studies, 82, 333, 10.1093/restud/rdu028
Petersen, 1994, The Benefits of Lending Relationships: Evidence from Small Business Data, Journal of Finance, 49, 3, 10.1111/j.1540-6261.1994.tb04418.x
Petersen, 2002, Does Distance Still Matter? The Information Revolution in Small Business Lending, Journal of Finance, 57, 2533, 10.1111/1540-6261.00505
Petrosky-Nadeau, 2013, The Cyclical Volatility of Labor Markets under Frictional Financial Markets, American Economic Journal: Macroeconomics, 5, 1
Popov, Do Credit Shocks Affect Labor Demand? Evidence for Employment and Wages during the Financial Crisis, Journal of Financial Intermediation
Ramos, 2015, Agglomeration Matters for Trade
Stiglitz, Credit Rationing in Markets with Imperfect Information, American Economic Review, 71, 393
Santos, 2014, Antes del Diluvio: The Spanish Banking System in the First Decade of the Euro
Siemer, 2014, Firm entry and Employment Dynamics in the Great Recession
Wasmer, 2004, The Macroeconomics of Labor and Credit Market Frictions, American Economic Review, 94, 844, 10.1257/0002828042002525
Wooldridge, 2010, Econometric Analysis of Cross Section and Panel Data