Publication:
Distributional Effects of Crises : The Role of Financial Transfers

Simple item page
dc.contributor.authorHalac, Marina
dc.contributor.authorSchmukler, Sergio L.
dc.date.accessioned2014-04-10T20:41:31Z
dc.date.available2014-04-10T20:41:31Z
dc.date.issued2003-10
dc.description.abstractFinancial crises affect income distribution by way of different channels. The authors argue that financial transfers are an important channel which has been overlooked by the literature. They study the role of financial transfers by analyzing some of the most severe Latin American crises during the past decades (Chile 1981-83, Mexico 1994-95, Ecuador 1998-2000, Argentina 2001-02, and Uruguay 2002). First, the authors investigate transfers to the financial sector-those from nonparticipants to participants of the financial sector. Second, they explore who receives these financial transfers by identifying the winners and losers within the financial sector. Their analysis suggests that financial transfers during crises are large and expected to increase income inequality.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/11/2861348/distributional-effects-crises-role-financial-transfers
dc.identifier.doi10.1596/1813-9450-3173
dc.identifier.urihttps://hdl.handle.net/10986/17739
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 3173
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAFFILIATES
dc.subjectASSET MANAGEMENT
dc.subjectBAD LOANS
dc.subjectBANK ACCOUNTS
dc.subjectBANK DEPOSITS
dc.subjectBANK FAILURES
dc.subjectBANK LIQUIDITY
dc.subjectBANK LOANS
dc.subjectBANK RUN
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBONDS
dc.subjectBOOK VALUE
dc.subjectCAPITAL ASSETS
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLIGHT
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL LOSSES
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITALIZATION
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANK LIQUIDITY
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSUMERS
dc.subjectCONTAGION
dc.subjectCREDIT MARKETS
dc.subjectCURRENCY CRISES
dc.subjectCURRENCY CRISIS
dc.subjectCURRENCY DEPRECIATION
dc.subjectCURRENCY DEVALUATIONS
dc.subjectDEBT
dc.subjectDEBT RELIEF
dc.subjectDEPOSIT ACCOUNTS
dc.subjectDEPOSIT GUARANTEES
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDISTRIBUTIONAL IMPACT
dc.subjectDOLLAR DEPOSITS
dc.subjectDOMESTIC INVESTORS
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEMPLOYMENT
dc.subjectEXCHANGE RATE
dc.subjectEXTERNAL ASSETS
dc.subjectEXTERNAL CREDIT
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR CRISES
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEPOSITS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTORS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGOVERNMENT BAILOUT
dc.subjectGOVERNMENT BONDS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHIGH INFLATION
dc.subjectINCOME DISTRIBUTION
dc.subjectINFLATION
dc.subjectINSOLVENCY
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL TRADE
dc.subjectLEGISLATION
dc.subjectLIQUIDITY SUPPORT
dc.subjectLOOTING
dc.subjectMATURITIES
dc.subjectMORAL HAZARD
dc.subjectOFFSHORE BANKING
dc.subjectPRESENT VALUE
dc.subjectPRIVATE BANKS
dc.subjectPUBLIC SERVICES
dc.subjectRECESSION
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSHAREHOLDERS
dc.subjectSOCIAL SERVICES
dc.subjectSUBSIDIARY
dc.subjectTAKEOVER
dc.subjectTIME DEPOSITS
dc.subjectTIME SERIES
dc.subjectTRADING
dc.subjectTRANSACTION COSTS
dc.subjectWAGES
dc.titleDistributional Effects of Crises : The Role of Financial Transfersen
dspace.entity.typePublication
okr.crossref.titleDistributional Effects of Crises: The Role of Financial Transfers
okr.date.doiregistration2025-04-10T10:27:03.234902Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/11/2861348/distributional-effects-crises-role-financial-transfers
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.guid303911468768861852
okr.identifier.doi10.1596/1813-9450-3173
okr.identifier.externaldocumentum000160016_20040120172705
okr.identifier.internaldocumentum2861348
okr.identifier.reportWPS3173
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/01/20/000160016_20040120172705/Rendered/PDF/wps3173.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalLatin America
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicPayment Systems and Infrastructure
okr.topicFinancial Crisis Management and Restructuring
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isAuthorOfPublicationad1ad457-a974-53de-815c-c7010e0fdd74
relation.isAuthorOfPublication.latestForDiscoveryad1ad457-a974-53de-815c-c7010e0fdd74
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
wps3173.pdf
Size:
174.56 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
wps3173.txt
Size:
114.89 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers