International Financial Crises: Scourge or Blessings in Disguise?

Mathieu Dufour and Ozgur Orhangazi
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Mathieu Dufour: Department of Economics, University of Massachusetts-Amherst; e-mail: mathieu@econs.umass.edu

Review of Radical Political Economics, 2007, vol. 39, issue 3, 342-350

Abstract: In this article, the authors study the consequences of financial crises in Argentina, Brazil, South Korea, Malaysia, Mexico, Thailand, and Turkey and present an attempt to identify winners and losers during and after the crises. Through empirical analysis, the authors find that financial crises seem to benefit certain segments of international finance capital, and domestic capital, and structural changes imposed on the economy to remedy the situation further the interests and power of capital in general.

Keywords: financial crisis; finance capital; IMF; external debt; precautionary cost (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:39:y:2007:i:3:p:342-350

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