Distributional Effects of Crises: The Financial Channel
Distributional Effects of Crises: The Financial Channel
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危机的分配效应：金融渠道
DOI：
10.2139/ssrn.559622
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发表时间：
2004
期刊：
影响因子：
--
通讯作者：
S. Schmukler
中科院分区：
文献类型：
--
作者：
Marina Halac;S. Schmukler
金融危机通过不同渠道影响收入分配。我们认为，财政转移支付是一个重要的渠道，这一点一直被文献所忽视。通过分析墨西哥(1994-1995)和阿根廷(2001-2002)金融危机的数据，我们考察了两种类型的金融转移。首先，我们研究了对金融部门的转移，从非参与者到金融部门的参与者。其次，我们探索金融部门内部的转移，即金融部门参与者之间的转移，如从小到大的转移和外国储户的转移。我们的分析表明，金融转移支付加剧了收入不平等。
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.