01776cas a2200277 a 4500 AALejournalIMF017447 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475579017 1018-5941 BD-DhAAL BD-DhAAL Berton, Fabio. Banks, Firms, and Jobs / Fabio Berton, Sauro Mocetti, Andrea Presbitero, Matteo Richiardi. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (57 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We analyze the employment effects of financial shocks using a rich data set of job contracts, matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment. This result is concentrated in more levered and less productive firms. Also, the relatively less educated and less skilled workers with temporary contracts are the most affected. Our results are consistent with the cleansing role of financial shocks. Mode of access: Internet Mocetti, Sauro. Presbitero, Andrea. Richiardi, Matteo. IMF Working Papers; Working Paper ; No. 2017/038 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/038/001.2017.issue-038-en.xml IMF e-Library