EconPapers    
Economics at your fingertips  
 

Distributional Effects of Crises: The Financial Channel

Marina Halac () and Sergio Schmukler ()

Economía Journal, 2004, vol. Volume 5 Number 1, issue Fall 2004, 1-67

Abstract: Financial crises affect income distribution via different channels. We argue that financial transfers is an important channel, which has been overlooked by the literature. By analyzing data from the Mexican (1994-1995) and Argentine (2001-2002) crises, we investigate two types of financial transfers. First, we study transfers to the financial sector, going from non-participants to participants of the financial sector. Second, we explore transfers within the financial sector, which are transfers among participants of the financial sector, as those from small to large and foreign depositors. Our analysis suggests that financial transfers increase income inequality.

Keywords: Financial crises; distributional effects; financial transfers; inequality; income distribution; access to finance (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (34) Track citations by RSS feed

Downloads: (external link)
http://economia.lacea.org/contents.htm

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:col:000425:008670

Access Statistics for this article

More articles in Economía Journal from The Latin American and Caribbean Economic Association - LACEA
Bibliographic data for series maintained by LACEA ().

 
Page updated 2019-06-12
Handle: RePEc:col:000425:008670