Distributional consequences of financial crises: Evidence from recent crises

Gezici, Armağan

Abstract

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.

• Journal Article Type: Article
• Online Publication Date: Jul 26, 2010
• Publication Date: Aug 27, 2010
• Deposit Date: Mar 11, 2023
• Journal: Review of Radical Political Economics
• Print ISSN: 0486-6134
• Electronic ISSN: 1552-8502
• Publisher: SAGE Publications
• Peer Reviewed: Peer Reviewed
• Volume: 42
• Issue: 3
• Pages: 373-380
• DOI: https://doi.org/10.1177/0486613410378003
• Keywords: Economics and Econometrics; Philosophy; financial crises; labor share; income distribution
• Public URL: https://uwe-repository.worktribe.com/output/10549649
• Publisher URL: https://journals.sagepub.com/doi/10.1177/0486613410378003