Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … banks while foreign banks' lending to the real sector stayed flat. Hence, SMEs remained dependent on domestic banks and were … sectors and countries with many SMEs vulnerable to global banking shocks …

activities) affecting the propensity of European small and medium sized enterprises (SMEs) to adopt energy efficiency measures …

We study the consequences of a working time reduction (WTR hereafter) in a growth model with efficiency wages and an … production to zero, we show that the effects of a WTR on (un)employment depend on the abundance of natural capital. If it is … unlimited, the economy converges toward a balanced growth path and a WTR lowers output, employment and wage levels along this …

induced by an expansionary non-standard monetary policy innovation which lowers sovereign CDS spreads. Moreover, we observe …