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.

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.

The most comprehensive career book series available, Opportunities In...explores a vast range of professions to help job seekers find the job that's best for them. Each book offers: The latest information on a field of interest Training and education requirements for each career Up-to-date professional and internet resources Salary statistics for different positions within each field And much more

1. First edition endorsed by the American Bankers Association2. Expanded significantly from the first edition, which was a sell-out3. All information and addresses have been updated4. Tells bankers how to assess their aptitudes and target job opportunities that fit their skills, how to find and research job openings, how to present themselves to prospective employers, how to use resumes and cover letters to secure job interviews, what job-search methods produce results for former bankers, how to manage interviews to their advantage, and how to follow up interviews1. Chapters (with resources sections) on jobs with banking outsourcers, in the financial services industry, in education, in government, in business and industry, in consulting, in real estate, in insurance, and on self-employment2. The only available geographic directory of human resources executives for the 500 largest U.S. banks, with names, titles, and addresses3. A directory of outsourcers and other companies that sell products and services to banks and employ former bankers4. Informative interviews with employment psychologists, executive recruiters, human resources professionals, outplacement executives, and former bankers1. The only book of its kind addressed specifically to bankers, it is used by banks and outplacement companies to counsel displaced bankers2. Information throughout on job-searching on the Internet

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This book lays out the forces that necessitate a strategy, shows how the competitive forces are affecting different financial centers and provides a policy framework for strategy development. It is essential for public officials, policy makers, legislators, scholars, and people in business.

Here is everything you need to explore a career in this unique field! Written by a leading authority, this comprehensive guide gives all the information you need for intelligent career decision making.