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The Global Crisis and Its Effects on the Accumulation in Argentina

In: Latin America after the Financial Crisis

Author

Listed:
  • Juan E. Santarcángelo
  • Guido Perrone

Abstract

Many economists consider the global financial crisis that started in 2007 to be the worst crisis since the Great Depression of the 1930s. Some of the immediate effects of it have been the collapse of significant financial institutions, an intense process of concentration and centralization of financial assets, and a massive injection of public resources, which tried by different means to rescue the more compromised commercial banks and financial institutions. The correlate of this phenomenon has been seen in the real economies of the countries that were most affected, especially the European periphery, which saw how labor market indicators worsened with the development of the crisis.

Suggested Citation

  • Juan E. Santarcángelo & Guido Perrone, 2016. "The Global Crisis and Its Effects on the Accumulation in Argentina," Palgrave Studies in Latin American Heterodox Economics, in: Juan E. Santarcángelo & Orlando Justo & Paul Cooney (ed.), Latin America after the Financial Crisis, chapter 3, pages 33-58, Palgrave Macmillan.
    • Handle: RePEc:pal:pslchp:978-1-137-48662-2_3
    DOI: 10.1057/9781137486622_3
    as

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