Employment losses have repaired corporate balance sheets, paper argues
Large employment losses in many countries in the wake of the financial crisis may have had a silver lining by contributing to a restoration of financial health in the corporate sector, a recent International Monetary Fund working paper suggests.
Dismal Employment Growth in EU Countries: The Role of Corporate Balance Sheet Repair and Dual Labor Markets, by Bas Bakker and Li Zeng, argues that the large differences among European Union (EU) countries in post-crisis employment performance are to a
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