Chapter 1 Introduction -- Chapter 2 Impact of the 2008 Financial Crisis -- Chapter 3 National Intellectual Capital Development of the Five Emerging European Countries -- Chapter 4 Beyond the 2008 Global Financial Crisis -- Chapter 5 Future Prospectives and Policy Implications.

We study the effects of financial shocks on labor markets in a model with both labor and financial frictions, two types of productive capital, physical and intangible, and in which only the former serves as collateral. A tighter borrowing constraint in this environment leads to a fall in credit...

Chapter 1 Introduction -- Chapter 2 Impact of the 2008 Global Financial Crisis -- Chapter 3 National Intellectual Capital Development of the Five Advanced Countries -- Chapter 4 Beyond the 2008 Global Financial Crisis -- Chapter 5 Future Perspectives and Policy Implications.