decisions of firms. I find that firms eligible for government bank lending expand employment in politically attractive regions … future employment growth by firms in other regions. The analysis suggests that politicians in Brazil use bank lending to …

We investigate an unexplored link between the US mortgage spread and business cycle and house price fluctuations in … emerging market economies (EMEs). An increase in the US mortgage spread leads to substantially lower output, investment … financial channel is the main transmission mechanism through which US mortgage spread shocks affect business and house price …