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. …

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 … the expense of informal jobs. We gauge the relevance of this credit channel using the Rajan-Zingales measure of financial …

hypothesis. Even after controlling for other factors, firms affiliated to business associations are more likely to secure bank … domestic and foreign banks, as these new banks attempt to minimize costs of adverse selection. Networking however discriminates … against the small and medium sized firms' access to bank loans in the CEE regions. Results are robust in both single cross …

This paper studies the long term consequences on workers' labour earnings of the credit crunch induced by the 2007 … years after the start of the crisis. We rely on a unique matched bank-employer-employee administrative dataset to construct … a firm-specific shock to credit supply, which identifies firms that, because of the collapse of the interbank market …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections …. This paper shows that labor and credit market imperfections interact in a complementary way - which may explain why … develop this idea, we build a search model that treats credit and labor market imperfections in a symmetrical way. We …

use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … between gambling and the use of credit is remarkably stable across household income. In addition to our household level …