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When Credit Dries Up: Job Losses in the Great Recession

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Cited by:

  1. Cornille, David & Rycx, François & Tojerow, Ilan, 2019. "Heterogeneous effects of credit constraints on SMEs’ employment: Evidence from the European sovereign debt crisis," Journal of Financial Stability, Elsevier, vol. 41(C), pages 1-13.
  2. Foremny, Dirk & Solé-Ollé, Albert, 2016. "Who's coming to the rescue? Revenue-sharing slumps and implicit bailouts during the Great Recession," ZEW Discussion Papers 16-049, ZEW - Leibniz Centre for European Economic Research.
  3. Besley, T. & Roland, I. & Van Reenen, J., 2019. "The Aggregate Consequences of Default Risk: Evidence from Firm-level Data," Cambridge Working Papers in Economics 2061, Faculty of Economics, University of Cambridge.
  4. Fukuda, Akira, 2022. "Effects of financial frictions on employment: Evidence from Japan during the Global Financial Crisis," Journal of the Japanese and International Economies, Elsevier, vol. 65(C).
  5. Clemens Possnig & Andreea Rotu{a}rescu & Kyungchul Song, 2022. "Estimating Dynamic Spillover Effects along Multiple Networks in a Linear Panel Model," Papers 2211.08995, arXiv.org.
  6. Kilian Huber, 2018. "Disentangling the Effects of a Banking Crisis: Evidence from German Firms and Counties," American Economic Review, American Economic Association, vol. 108(3), pages 868-898, March.
  7. Kilian Huber, 2021. "Are Bigger Banks Better? Firm-Level Evidence from Germany," Journal of Political Economy, University of Chicago Press, vol. 129(7), pages 2023-2066.
  8. Tito Boeri & Pietro Garibaldi & Espen R. Moen, 2014. "Financial Constraints in Search Equilibrium: Mortensen and Pissarides Meet Holmstrom and Tirole," CEP Discussion Papers dp1317, Centre for Economic Performance, LSE.
  9. Krusell, Per & Rudanko, Leena, 2016. "Unions in a frictional labor market," Journal of Monetary Economics, Elsevier, vol. 80(C), pages 35-50.
  10. Filipa Fernandes & Alexandros Kontonikas & Serafeim Tsoukas, 2014. "On the real effects of financial pressure: Evidence from euro area firm-level employment during the recent financial crisis," Working Papers 2014_09, Business School - Economics, University of Glasgow.
  11. Cornille, David & Rycx, François & Tojerow, Ilan, 2018. "Heterogeneous Effects of Credit Constraints on SMEs' Employment: Evidence from the Great Recession," IZA Discussion Papers 11257, Institute of Labor Economics (IZA).
  12. Balduzzi, Pierluigi & Brancati, Emanuele & Schiantarelli, Fabio, 2018. "Financial markets, banks’ cost of funding, and firms’ decisions: Lessons from two crises," Journal of Financial Intermediation, Elsevier, vol. 36(C), pages 1-15.
  13. Ivashina, Victoria & Laeven, Luc & Moral-Benito, Enrique, 2022. "Loan types and the bank lending channel," Journal of Monetary Economics, Elsevier, vol. 126(C), pages 171-187.
  14. Caggese, Andrea & Cuñat, Vicente & Metzger, Daniel, 2019. "Firing the wrong workers: Financing constraints and labor misallocation," Journal of Financial Economics, Elsevier, vol. 133(3), pages 589-607.
  15. Federico Cingano & Francesco Manaresi & Enrico Sette, 2016. "Does Credit Crunch Investment Down? New Evidence on the Real Effects of the Bank-Lending Channel," The Review of Financial Studies, Society for Financial Studies, vol. 29(10), pages 2737-2773.
  16. Acosta, Román & Cortés, Josué, 2022. "Loans and employment: Evidence from bank-specific liquidity shocks," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(2).
  17. Alfaro, Laura & García-Santana, Manuel & Moral-Benito, Enrique, 2021. "On the direct and indirect real effects of credit supply shocks," Journal of Financial Economics, Elsevier, vol. 139(3), pages 895-921.
  18. Gete, Pedro, 2018. "Lending standards and macroeconomic dynamics," Working Paper Series 2207, European Central Bank.
  19. Bartz, Wiebke & Winkler, Adalbert, 2016. "Flexible or fragile? The growth performance of small and young businesses during the global financial crisis — Evidence from Germany," Journal of Business Venturing, Elsevier, vol. 31(2), pages 196-215.
  20. Huber, Kilian, 2021. "Estimating General Equilibrium Spillovers of Large-Scale Shocks," CEPR Discussion Papers 15943, C.E.P.R. Discussion Papers.
  21. Effrosyni Adamopoulou & Marta De Philippis & Enrico Sette & Eliana Viviano, 2020. "The Long Run Earnings Effects of a Credit Market Disruption," CRC TR 224 Discussion Paper Series crctr224_2020_169v3, University of Bonn and University of Mannheim, Germany.
  22. Campos, Rodolfo G. & Abad, José M. & Bermejo, Vicente J., 2015. "How does easing liquidity constraints affect aggregate employment?," DEE - Working Papers. Business Economics. WB wb1504, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
  23. López, Jesús Rodríguez & García, Mario Solís, 2016. "Accounting For Spanish Business Cycles," Macroeconomic Dynamics, Cambridge University Press, vol. 20(3), pages 685-714, April.
  24. Baessler, Laura & Gebhardt, Georg & Gropp, Reint & Güttler, André & Taskin, Ahmet, 2024. "Do public bank guarantees affect labor market outcomes? Evidence from individual employment and wages," IWH Discussion Papers 7/2024, Halle Institute for Economic Research (IWH).
  25. Jeremy Franklin & May Rostom & Gregory Thwaites, 2020. "The Banks that Said No: the Impact of Credit Supply on Productivity and Wages," Journal of Financial Services Research, Springer;Western Finance Association, vol. 57(2), pages 149-179, April.
  26. te Kaat, Daniel Marcel, 2016. "International Capital Flows and the Allocation of Credit Across Firms," VfS Annual Conference 2016 (Augsburg): Demographic Change 145584, Verein für Socialpolitik / German Economic Association.
  27. Peia, Oana & Romelli, Davide, 2022. "Did financial frictions stifle R&D investment in Europe during the great recession?," Journal of International Money and Finance, Elsevier, vol. 120(C).
  28. Ángel Estrada & Christian Castro, 2021. "Function and application of the new macroprudential tools available to the Banco de España," Financial Stability Review, Banco de España, issue Spring.
  29. Grodecka-Messi, Anna & Kenny, Seán & Ögren, Anders, 2021. "Predictors of bank distress: The 1907 crisis in Sweden," Explorations in Economic History, Elsevier, vol. 80(C).
  30. Gómez, Miguel García-Posada, 2018. "Credit constraints, firm investment and growth: evidence from survey data," Working Paper Series 2126, European Central Bank.
  31. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," Temi di discussione (Economic working papers) 1168, Bank of Italy, Economic Research and International Relations Area.
  32. Ongena, Steven & Delis, Manthos & Fringuellotti, Fulvia, 2019. "Credit and Income," CEPR Discussion Papers 13468, C.E.P.R. Discussion Papers.
  33. Fridhi, Bechir, 2020. "Coronavirus (COVID-19) Crisis: What's the Economic Alternative in Tunisia?," EconStor Preprints 225249, ZBW - Leibniz Information Centre for Economics.
  34. Francisco Buera & Sudipto Karmakar, 2022. "Real Effects of Financial Distress: The Role of Heterogeneity," The Economic Journal, Royal Economic Society, vol. 132(644), pages 1309-1348.
  35. Lopez Buenache, German & Borsi, Mihály Tamás & Rosa-García, Alfonso, 2020. "Credit cycles and labor market slacks: predictive evidence from Markov-switching models," MPRA Paper 100362, University Library of Munich, Germany.
  36. Pietro Grandi & Jean Belin & Elisa Darriet & Marianne Guille, 2024. "SMEs, R &D financing, and credit shocks," Small Business Economics, Springer, vol. 63(1), pages 325-347, June.
  37. Jeremy Franklin & May Rostom & Gregory Thwaites, 2015. "The banks that said no: banking relationships, credit supply and productivity in the UK," Discussion Papers 1525, Centre for Macroeconomics (CFM).
  38. Franklin, Jeremy & Rostom, May & Thwaites, Gregory, 2015. "The banks that said no: banking relationships, credit supply and productivity in the United Kingdom," Bank of England working papers 557, Bank of England.
  39. Álvarez-Román, Laura & García-Posada, Miguel, 2021. "Are house prices overvalued in Spain? A regional approach," Economic Modelling, Elsevier, vol. 99(C).
  40. Viral V Acharya & Tim Eisert & Christian Eufinger & Christian Hirsch, 2018. "Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans," The Review of Financial Studies, Society for Financial Studies, vol. 31(8), pages 2855-2896.
  41. Ángel Estrada & Christian Castro, 2021. "Function and application of the new macroprudential tools available to the Banco de España," Financial Stability Review, Banco de España, issue Spring.
  42. Philipp Meinen & Ana Cristina Soares, 2022. "Markups and Financial Shocks," The Economic Journal, Royal Economic Society, vol. 132(647), pages 2471-2499.
  43. Miguel Ángel Borrella Mas, 2015. "Partisan Alignment and Political Corruption. Theory and Evidence from Spain Job Market Paper," Working Papers. Serie AD 2015-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  44. Haltenhof, Samuel & Jung Lee, Seung & Stebunovs, Viktors, 2014. "The credit crunch and fall in employment during the Great Recession," Journal of Economic Dynamics and Control, Elsevier, vol. 43(C), pages 31-57.
  45. Karmakar, Sudipto & Lima, Diogo, 2023. "Global capital flows and the role of macroprudential policy," Journal of Financial Stability, Elsevier, vol. 67(C).
  46. Philippe BACCHETTA & Ouarda MERROUCHE, 2015. "Countercyclical Foreign Currency Borrowing: Eurozone Firms in 2007-2009," Swiss Finance Institute Research Paper Series 15-63, Swiss Finance Institute.
  47. Vicente J. Bermejo & Miguel A. Ferreira & Daniel Wolfenzon & Rafael Zambrana, 2022. "Windfall gains and entrepreneurial activity: Evidence from the Spanish Christmas lottery," Nova SBE Working Paper Series wp651, Universidade Nova de Lisboa, Nova School of Business and Economics.
  48. Popov, Alexander & Zaharia, Sonia, 2017. "Credit market competition and the gender gap: evidence from local labor markets," Working Paper Series 2086, European Central Bank.
  49. Saeed, Asif & Chaudhry, Sajid M. & Arif, Ahmed & Ahmed, Rizwan, 2023. "Spillover of energy commodities and inflation in G7 plus Chinese economies," Energy Economics, Elsevier, vol. 127(PA).
  50. Rannenberg, Ansgar & Schoder, Christian & Strasky, Jan, 2015. "The macroeconomic effects of the Euro Area's fiscal consolidation 2011-2013: A Simulation-based approach," Research Technical Papers 03/RT/15, Central Bank of Ireland.
  51. Peterson K. Ozili & Jide Oladipo & Paul Terhemba Iorember, 2022. "Effect of abnormal credit expansion and contraction on GDP per capita in ECOWAS countries," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 51(3), November.
  52. Huber, Kilian Maria, 2020. "Are bigger banks better? Firm-level evidence from Germany," LSE Research Online Documents on Economics 121861, London School of Economics and Political Science, LSE Library.
  53. Anderson, Gareth & Riley, Rebecca & Young, Garry, 2019. "Distressed banks, distorted decisions?," LSE Research Online Documents on Economics 100947, London School of Economics and Political Science, LSE Library.
  54. Tristan Blick & Ine Paeleman & Eddy Laveren, 2024. "Financing constraints and SME growth: the suppression effect of cost-saving management innovations," Small Business Economics, Springer, vol. 62(3), pages 961-986, March.
  55. Borsi, Mihály Tamás, 2018. "Credit contractions and unemployment," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 573-593.
  56. Ayyagari,Meghana & Juarros,Pedro Francisco & Martinez Peria,Maria Soledad & Singh,Sandeep, 2016. "Access to finance and job growth : firm-level evidence across developing countries," Policy Research Working Paper Series 7604, The World Bank.
  57. Catalina Amuedo-Dorantes & Cristina Borra, 2018. "Emerging wealth disparities after the storm: Evidence from Spain," Review of Economics of the Household, Springer, vol. 16(4), pages 1119-1149, December.
  58. Crinò, Rosario & Ogliari, Laura, 2015. "Financial Frictions, Product Quality, and International Trade," CEPR Discussion Papers 10555, C.E.P.R. Discussion Papers.
  59. Ali Kabiri & Vlad Malone & Isabelle Roland & Mariana Spatareanu, 2020. "Bank default risk propagation along supply chains: evidence from the UK," CEP Discussion Papers dp1699, Centre for Economic Performance, LSE.
  60. Lai, Shaojie & Li, Xiaorong & Liu, Shiang & Wang, Qing Sophie, 2022. "Institutional investors’ site visits and corporate employment decision-making," Journal of Contemporary Accounting and Economics, Elsevier, vol. 18(3).
  61. Luísa Farinha & Sotirios Kokas, 2022. "Real effects of imperfect bank-firm matching," Working Papers w202210, Banco de Portugal, Economics and Research Department.
  62. Bordo, Michael D. & Duca, John V. & Koch, Christoffer, 2016. "Economic policy uncertainty and the credit channel: Aggregate and bank level U.S. evidence over several decades," Journal of Financial Stability, Elsevier, vol. 26(C), pages 90-106.
  63. Lorena Keller, 2018. "Prudential Capital Controls and Risk Misallocation: Bank Lending Channel," 2018 Meeting Papers 129, Society for Economic Dynamics.
  64. Jose Maria Serena & Marina‐Eliza Spaliara & Serafeim Tsoukas, 2022. "International bank credit, nonbank lenders, and access to external financing," Economic Inquiry, Western Economic Association International, vol. 60(3), pages 1214-1232, July.
  65. Radeef Chundakkadan & Rajesh Raj Natarajan & Subash Sasidharan, 2022. "Small firms amidst COVID‐19: Financial constraints and role of government support," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 51(3), November.
  66. Ozan Güler & Mike Mariathasan & Klaas Mulier & Nejat G. Okatan, 2021. "The real effects of banks' corporate credit supply: A literature review," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 1252-1285, July.
  67. Popov, Alexander & Rocholl, Jörg, 2018. "Do credit shocks affect labor demand? Evidence for employment and wages during the financial crisis," Journal of Financial Intermediation, Elsevier, vol. 36(C), pages 16-27.
  68. Laeven, Luc & McAdam, Peter & Popov, Alexander, 2023. "Credit shocks, employment protection, and growth:firm-level evidence from spain," Journal of Banking & Finance, Elsevier, vol. 152(C).
  69. Ozili, Peterson & Arun, Thankom, 2020. "Spillover of COVID-19: Impact on the Global Economy," MPRA Paper 99317, University Library of Munich, Germany.
  70. Duc Thi Luu, 2022. "Portfolio Correlations in the Bank-Firm Credit Market of Japan," Computational Economics, Springer;Society for Computational Economics, vol. 60(2), pages 529-569, August.
  71. Bednarzik, Robert W. & Kern, Andreas & Hisnanick, John J., 2017. "Displacement and Debt: The Role of Debt in Returning to Work in the Period Following the Great Recession," IZA Discussion Papers 10764, Institute of Labor Economics (IZA).
  72. Ignacio Hernando & Ernesto Villanueva, 2014. "The recent slowdown in bank lending in Spain: are supply-side factors relevant?," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(2), pages 245-285, August.
  73. N. N., 2015. "WIFO-Monatsberichte, Heft 11/2015," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(11), November.
  74. Ansgar Rannenberg & Christian Schoder & Jan Strásky, 2015. "The macroeconomic effects of the Euro Area?s fiscal consolidation 2011-2013," IMK Working Paper 156-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  75. Demary, Markus & Hornik, Joanna & Watfe, Gibran, 2016. "SME financing in the EU: Moving beyond one-size-fits-all," IW-Reports 11/2016, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
  76. García-Posada, Miguel & Marchetti, Marcos, 2016. "The bank lending channel of unconventional monetary policy: The impact of the VLTROs on credit supply in Spain," Economic Modelling, Elsevier, vol. 58(C), pages 427-441.
  77. Ana P. Fernandes & Priscila Ferreira, 2015. "Financing Constraints and Fixed-term Employment Contracts: Evidence from the 2008-2009 Financial Crisis," NIMA Working Papers 58, Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho.
  78. Carlos Pérez Montes & Alejandro Ferrer & Gabriel Jiménez & Laura Álvarez Román & Henrique Basso & Beatriz González López & Sergio Mayordomo & Álvaro Menéndez Pujadas & Myroslav Pidkuyko & Lola Morales, 2023. "Individual and sectoral analysis framework for the impact of economic and financial risks," Occasional Papers 2313, Banco de España.
  79. Ivan Jaccard, 2024. "Monetary Asymmetries Without (And With) Price Stickiness," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(2), pages 1003-1047, May.
  80. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," BIS Working Papers 711, Bank for International Settlements.
  81. Mannan, Kazi Abdul & Farhana, Khandaker Mursheda & Chowdhury, G. M. Omar Faruque, 2020. "The COVID-19 Pandemic Impacts on Manpower Export: An Econometric Analysis of Survival Strategies of Recruiting Agencies in Bangladesh," MPRA Paper 103566, University Library of Munich, Germany, revised 2020.
  82. Boeri, Tito & Garibaldi, Pietro & Moen, Espen R., 2014. "Financial Constraints in Search Equilibrium," CEPR Discussion Papers 10266, C.E.P.R. Discussion Papers.
  83. Popov, Alexander & Rocholl, Jörg, 2015. "Financing constraints, employment, and labor compensation: evidence from the subprime mortgage crisis," Working Paper Series 1821, European Central Bank.
  84. Glancy, David, 2021. "Housing bust, bank lending & employment: Evidence from multimarket banks," Journal of Banking & Finance, Elsevier, vol. 127(C).
  85. Fernandes, Ana P. & Ferreira, Priscila, 2021. "Executives’ gender pay gap and financing constraints," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 381-404.
  86. Laeven, Luc & McAdam, Peter & Popov, Alexander, 2018. "After the credit squeeze: how labour market flexibility can strengthen firm growth and employment," Research Bulletin, European Central Bank, vol. 52.
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  89. Rosario Crinò & Laura Ogliari, 2014. "Financial Frictions, Product Quality, and International Trade," Working Papers wp2014_1403, CEMFI.
  90. Pia Hüttl & Simon Baumgartner, 2023. "When Credit Turns Political: Evidence from the Spanish Financial Crisis," Discussion Papers of DIW Berlin 2042, DIW Berlin, German Institute for Economic Research.
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  98. repec:cte:wbrepe:wb1503 is not listed on IDEAS
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  100. Spatareanu, M. & Manole, V. & Kabiri, A. & Roland, I., 2020. "Bank Default Risk Propagation along Supply Chains: Evidence from the U.K," Cambridge Working Papers in Economics 2058, Faculty of Economics, University of Cambridge.
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