Job Losses from the Credit Crunch During the Great Recession

The evidence about the effect of declined lending during the Great Recession on the employment is quite limited. This column presents new research on the problem focusing on the case of Spain. A large part of credit to non-financial firms before the crisis came from weak banks, which solvency was strongly eroded during the crisis. […] View the full post at: Job Losses from the Credit Crunch During the Great Recession Related posts: The Small Business Credit Crunch Intensifying Real Estate In Emerging Economies Strong Despite Global Credit Crunch More Papers On the Credit Crunch