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This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment …
Persistent link: https://www.econbiz.de/10011785728
dataset of accounting data from Italy and Austria we find there is only a limited relationship between severance pay and …
Persistent link: https://www.econbiz.de/10002482572
that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …
Persistent link: https://www.econbiz.de/10011493763
. Our analysis is based on weekly observations for the 858 white collar workers hired by a large Italian bank between …. We also discuss how this evidence can be used to estimate what the absenteeism rate would be in Italy if employment …
Persistent link: https://www.econbiz.de/10011404047
Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action (‘investment’). We build an...
Persistent link: https://www.econbiz.de/10003923918
This paper examines a much overlooked link between credit markets and formalization: since access to bank credit … bank credit is more widely available at lower cost; if so, well-functioning credit markets help foster formal employment at …
Persistent link: https://www.econbiz.de/10003925244
exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank …
Persistent link: https://www.econbiz.de/10010229932
One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome households. Using household level data on...
Persistent link: https://www.econbiz.de/10010238213
Bank of India in collaboration with State Governments. …
Persistent link: https://www.econbiz.de/10010379210
Interest rates on consumer lending are lower when funds are tied to purchase of a durable good than when they are made available on an unconditional basis. Further, dealers often choose to bear the financial cost of their customers' credit purchases. This paper interprets this phenomenon in...
Persistent link: https://www.econbiz.de/10011406655