We investigate external shocks and asset price's impact on the slowdown of business and household credit in Morocco using disequilibrium models. The results show that banks' fly to quality, driven by a simul-taneous decline in interest margins and borrower creditworthiness, is a key factor...

We investigate external shocks and asset price's impact on the slowdown of business and household credit in Morocco using disequilibrium models. The results show that banks' fly to quality, driven by a simul-taneous decline in interest margins and borrower creditworthiness, is a key factor...

This paper aims to test the hypothesis that the effect of production slowdown on labour demand can be muted by labour hoarding. Design/methodology/approach This study adopts a production function approach, using data from Malta, a small state in the EU. Findings The results confirm the...

Purpose This paper aims to test the hypothesis that the effect of production slowdown on labour demand can be muted by labour hoarding. Design/methodology/approach This study adopts a production function approach, using data from Malta, a small state in the EU. Findings The results confirm the...