Distributional Effects of Crises: The Financial Channel

Halac, Marina; Schmukler, Sergio L.
October 2004
Economia;Fall2004, Vol. 5 Issue 1, p1
Academic Journal
Focuses on financial crises that involve bailouts, who pays for bailouts and how bailouts affect income distribution. Analysis of transfers from nonparticipants to participants in the financial sector, including creditors, debtors and financial institutions; Evidence of important wealth redistribution via the financial sector during crises; Effects across participants in the financial sector.


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