We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations,

The Italian economy has been struggling with low productivity growth and bank balance sheet strains. This paper examines the implications for firm productivity

Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders’ credit supply shocks t

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

The pandemic is inflicting much suffering, which has been met with swift, substantial, and well-coordinated policy responses. The anti-crisis measures have help