credit market for the period 2010-13. Second, we provide a description of the relationship between credit difficulties and … correlation between credit difficulties and adjustments along both the extensive and the intensive margin. In the presence of … credit market difficulties, firms cut wages by reducing the variable part of wages. This evidence suggests that credit shocks …

credit market for the period 2010-13. Second, we provide a description of the relationship between credit difficulties and … correlation between credit difficulties and adjustments along both the extensive and the intensive margin. In the presence of … credit market difficulties, firms cut wages by reducing the variable part of wages. This evidence suggests that credit shocks …

credit market for the period 2010-13. Second, we provide a description of the relationship between credit difficulties and … correlation between credit difficulties and adjustments along both the extensive and the intensive margin. In the presence of … credit market difficulties, firms cut wages by reducing the variable part of wages. This evidence suggests that credit shocks …

(WDN3) of the ESCB, to propose a cross-country analysis of the relationship between a credit shock and labour markets. We … first derive a set of indices measuring difficulties in accessing the credit market for the period 2010-2013. Second, we … provide a description of the relationship between credit difficulties and changes in labour input, both along the extensive …

We investigate the impact of employment protection on firms' credit access by looking at both credit obtained from … and in dismissing employees increases the probability that firms obtain credit and that greater flexibility in dismissing … employees decreases the probability that firms are discouraged from applying for credit. However, our findings also reveal that …