themselves in a position in which their liquidity is suddenly called back by the lender. This has direct consequences on a firm … existing jobs. We argue that with well-developed capital markets, firms will have an incentive to rely more on liquidity, and … in normal times deep capital markets lead to tight labor markets. After an adverse liquidity shock, firms that rely much …

apparent, and areas where economic theory may benefit from a greater understanding of AI can be identified. Two further …

liquidity when the regions are hit by weather shocks. We argue that, as liquidity providers, well-capitalized banks support …