Distributional Consequences of Financial Crises: Evidence from Recent Crises

ArmaÄŸan Gezici
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ArmaÄŸan Gezici: Keene State College, Keene, NH, agezici@keene.edu

Review of Radical Political Economics, 2010, vol. 42, issue 3, 373-380

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. JEL classification: D31, E25, O15, G01

Keywords: financial crises; labor share; income distribution (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:42:y:2010:i:3:p:373-380

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