financial systems around the world. The database provides information on financial systems in 205 economies over the period from …

financial systems around the world. The database provides information on financial systems in 205 economies over the period from …

financial systems around the world. The database provides information on financial systems in 205 economies over the period from …

interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We … as well as decreased banking concentration reduce unemployment if the level of labour market regulation, union density …-based finance are crucially tied to the labour market context. -- unemployment ; institutional complementarities and …

determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased … market capitalization as well as decreased banking concentration reduce unemployment if the level of labour market regulation … intermediated credit worsens unemployment when the labour market is weakly regulated and coordinated, whereas it reduces …