Crisis Credit, Employment Protection, Indebtedness, and Risk (English)

This paper studies how credit guarantee and employment protection programs interact in assisting firms during crises times. The paper analyzes how these government programs influence credit allocation, indebtedness, and risk at both the micro and macro levels. The programs provide different incentives for firms. The low interest rate encourages riskier firms to demand government-backed credit, while banks tend to reject those credit applications...

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Author

Huneeus,Federico;

Kaboski,Joseph P.;

Larrain,Mauricio;

Sergio Schmukler;

Vera,Mario;
Document Date
2024/10/24
Document Type
Policy Research Working Paper
Report Number
WPS10958
Volume No
1
Country
World,
Region
Other,
Disclosure Date
2024/10/24
Disclosure Status
Disclosed
Doc Name
Crisis Credit, Employment Protection, Indebtedness, and Risk

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Citation

Huneeus,Federico; Kaboski,Joseph P.; Larrain,Mauricio; Sergio Schmukler; Vera,Mario.

Crisis Credit, Employment Protection, Indebtedness, and Risk (English). Policy Research working paper;PROSPERITY;COVID-19 (Coronavirus);Paper is funded by the Knowledge for Change Program (KCP) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099556010242449862

Crisis Credit, Employment Protection, Indebtedness, and Risk (English)

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