Distributional Consequences of Financial Crises: Evidence from Recent Crises

The paper examines the distributional consequences of financial crises based on the lessons of the past crises experiences of Argentina, Brazil, Korea, Mexico, and Turkey. It identifies the possible channels through which crises may affect functional and personal distribution of income. It concludes that the crises of the last two decades have both pro-capital and pro-finance distributional outcomes.

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Year of publication:	2010
Authors:	Gezici, Armagan
Published in:	Review of Radical Political Economics. - Union for Radical Political Economics. - Vol. 42.2010, 3, p. 373-380
Publisher:	Union for Radical Political Economics
Subject:	financial crises \| labor share \| income distribution

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Extent:	text/html
Type of publication:	Article
Classification:	E25 - Aggregate Factor Income Distribution
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009004529