The costs of financial crises: Resource misallocation, productivity, and welfare in the 2001 argentine crisis

Financial crises in emerging market countries appear to be very costly: both output and a host of partial welfare indicators decline dramatically. The magnitude of these costs is puzzling both from an accounting perspective - factor usage does not decline as much as output, resulting in large falls...

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Detalles Bibliográficos
Autores principales: Sandleris, G., Wright, M.L.J.
Formato: JOUR
Materias:
Argentina
Financial crisis
Productivity
Resource misallocation
Welfare
financial crisis
public spending
resource allocation
total factor productivity
welfare economics
Acceso en línea:http://hdl.handle.net/20.500.12110/paper_03470520_v116_n1_p87_Sandleris
Aporte de:
Biblioteca Digital - Facultad de Ciencias Exactas y Naturales (UBA) de Universidad de Buenos Aires

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