The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis

By Gabriel Chodorow-reich. 2014

1,380 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/ea2259346ce836d70b18f084e52ebd9d366a0554

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Citations in the corpus

Identification in Macroeconomics (2017, background): “Chodorow-Reich (2014) uses bank shocks to identify the effects of financial constraints on firm employment.”
How Much Do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data (2017, background): “…events that find a strong relationship between idiosyncratic bank shocks and real economic activity (e.g., Klein et al. 2002; Amiti and Weinstein 2011; Chodorow-Reich 2014) and those that suggest firms can circumvent these shocks by accessing bond and other markets (e.g., Adrian et al. 2012).”
Sovereign debt exposure and the bank lending channel: Impact on credit supply and the real economy (2020, methodology): “On the other hand, credit market frictions may prevent credit-worthy borrowers in need of external financing from tapping into alternative sources of financing (Khwaja and Mian 2008; Chodorow-Reich 2014; Cingano et al. 2016).”
The Rise of Finance Companies and FinTech Lenders in Small Business Lending (2020, neutral): “…Chava and Purnanandam (2011); Schnabl (2012a); Bolton, Freixas, Gambacorta, and Mistrulli (2016); Jimenez, Ongena, Peydro, and Saurina (2014); Chodorow-Reich (2014); Paravisini, Rappoport, Schnabl, and Wolfenzon (2015); Paravisini, Rappoport, and Schnabl (2015); Drechsler, Savov, and Schnabl…”
When arm’s length is too far. Relationship banking over the credit cycle (2015, neutral): “As fears increased that credit-constrained SMEs could delay the long-awaited economic recovery (Chodorow-Reich, 2014), policy-makers increasingly focused their attention on initiatives to expand SME finance.”
Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans (2018, positive): “…relies on the strong condition that the cross sectional variation in bank lending reflects only supply factors or observed borrower characteristics, Chodorow-Reich (2014) also instruments for this measure using three different proxies for bank health: the fraction of loans where Lehman Brothers…”
Bank Capital and Lending Relationships: Bank Capital and Lending Relationships (2017, positive): “This difference is economically significant, equivalent to 14% of the mean and 27% of the standard deviation of bank capital. In alternative terms, my empirical matching model implies that a bank-dependent firm would be willing to travel 196 miles, or 24% of the mean firm-bank distance, to borrow fr”
Banks’ exposure to interest rate risk and the transmission of monetary policy (2020, positive): “For observations with missing loan shares, we follow Chodorow-Reich (2014) and impute this variable from the average lender shares of syndicates with a similar structure (i.e., same number of lead lenders and participants).”
The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration (2017, positive): “, Cohen, Coval, and Malloy 2011; Chodorow-Reich et al. 2012; Nakamura and Steinsson 2014; SuarezSerrato and Wingender 2014), which differs from the traditional empirical macroeconomics literature, where time-series variation is employed (see Ramey (2011) for a survey).”
On the direct and indirect real effects of credit supply shocks (2019, positive): “Papers in this strand include Khwaja and Mian (2008), Chodorow-Reich (2014), Jimenez, Mian, Peydro, and Saurina (2014), Greenstone, Mas, and Nguyen (2015), Cingano, Manaresi, and Sette (2016), and Bentolila, Jansen, and Jimenez (Forthcoming). In relation to this literature, instead of observed suppl”
Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments (2017, background): “Chodorow-Reich (2014) focuses on credit during the crisis and employment outcomes for a reduced subset of firms.”