and medium firms in local labor markets differently exposed to these shocks. We find that credit supply shocks have a … for developed countries, suggesting that credit supply shocks play a more prominent role for employment creation (and …

mostly rely on a small number of banks and internal funding. Our quantitative analysis shows that bank credit supply shocks … supply shocks to the real economy. As in the data, firms can borrow from different banks, issue bonds, or raise equity … extensive and intensive margins of different funding sources to study the role of firm choices on the transmission of credit …

mostly rely on a small number of banks and internal funding. Our quantitative analysis shows that bank credit supply shocks … supply shocks to the real economy. As in the data, firms can borrow from different banks, issue bonds, or raise equity … extensive and intensive margins of different funding sources to study the role of firm choices on the transmission of credit …