We use two data sets to study how country and firm characteristics affected firms’ financial constraints and their likelihood of survival during the early phase of the recent global financial crisis in Eastern Europe and Central Asia (ECA), a region that was especially hard hit. The first data...

This paper examines the patterns and determinants of the labor restructuring process in China using two large firm-level datasets for the period between 1998 and 2002. We find that the public sector has undergone substantial labor retrenchment. The removal of employment guarantees for state...