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Distributional Consequences of Financial Crises: Evidence from Recent Crises

Author

Listed:
  • ArmaÄŸan Gezici

    (Keene State College, Keene, NH, agezici@keene.edu)

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

Suggested Citation

  • ArmaÄŸan Gezici, 2010. "Distributional Consequences of Financial Crises: Evidence from Recent Crises," Review of Radical Political Economics, Union for Radical Political Economics, vol. 42(3), pages 373-380, September.
    • Handle: RePEc:sae:reorpe:v:42:y:2010:i:3:p:373-380
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    More about this item

    Keywords

    financial crises; labor share; income distribution;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • G01 - Financial Economics - - General - - - Financial Crises

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