Sudden stops and international financial crises have been a main feature of developing countries in the last 25 years. While their aggregate effects are well known, the microeconomic channels through which they work have yet to be explored. In this paper, we study the rele-vance of financial and labor factors in the restructuring process that take place over episodes of sudden stops. Using microeconomic variables related to job flows using sectoral panel data for four Latin American countries, we find that sudden stops are associatedwith lower job creation and increased job destruction. Furthermore, these effects are heterogeneous across sectors and across countries. Consistent with the idea that dependence of external financing affects mai...
How do credit shocks affect labor market reallocation, firms’ exit and other real outcomes? How do l...
Market economies experience high rates of job creation and job destruction in almost every time peri...
The financial frictions stemming from the 2008-2009 financial crisis had repercussions through the U...
Sudden stops and international financial crises have been a main feature of developing countries in ...
Includes bibliographyThis study presents dynamic labour demand estimates based oninformation for 15 ...
A “sudden stop ” of foreign capital flows in a developing country tends to be followed by a switch f...
The nature of the microeconomic frictions that transform sudden stops in output collapses is not onl...
P>The impact of the global financial crisis varies across countries. We examine whether cross-cou...
After a decade of strong growth and notable poverty and inequality reduction, Latin America finds it...
Following a five-year period during which economic and social performance in Latin America and the ...
We provide evidence, based on a large sample of countries, on the effects of financial crises on key...
Sudden Stops are the simultaneous occurrence of a currency/balance of payments crisis with a reversa...
This paper reviews evidence from 44 middle-income countries on how the recent financial crisis affec...
abstract: This paper focuses on the impact of currency crises on the labor share of income. Crises u...
Openness to international competition can lead to enhanced resource allocation in the long-run. Whil...
How do credit shocks affect labor market reallocation, firms’ exit and other real outcomes? How do l...
Market economies experience high rates of job creation and job destruction in almost every time peri...
The financial frictions stemming from the 2008-2009 financial crisis had repercussions through the U...
Sudden stops and international financial crises have been a main feature of developing countries in ...
Includes bibliographyThis study presents dynamic labour demand estimates based oninformation for 15 ...
A “sudden stop ” of foreign capital flows in a developing country tends to be followed by a switch f...
The nature of the microeconomic frictions that transform sudden stops in output collapses is not onl...
P>The impact of the global financial crisis varies across countries. We examine whether cross-cou...
After a decade of strong growth and notable poverty and inequality reduction, Latin America finds it...
Following a five-year period during which economic and social performance in Latin America and the ...
We provide evidence, based on a large sample of countries, on the effects of financial crises on key...
Sudden Stops are the simultaneous occurrence of a currency/balance of payments crisis with a reversa...
This paper reviews evidence from 44 middle-income countries on how the recent financial crisis affec...
abstract: This paper focuses on the impact of currency crises on the labor share of income. Crises u...
Openness to international competition can lead to enhanced resource allocation in the long-run. Whil...
How do credit shocks affect labor market reallocation, firms’ exit and other real outcomes? How do l...
Market economies experience high rates of job creation and job destruction in almost every time peri...
The financial frictions stemming from the 2008-2009 financial crisis had repercussions through the U...