Avoiding crisis contagion
Poland’s case
Bibliographic Data
| ID | 6180923 |
|---|---|
| Authors | Bozena Leven (College of New Jersey, corresponding author) |
| Year | 2011 |
| Volume | 44 |
| Issue | 3 |
| Pages | 183-187 |
| Publication date | 2011-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Communist and Post-Communist Studies (JOURNAL) |
| Journal identifiers | ISSN: 0967-067X • E-ISSN: 1873-6920 |
| Publisher | University of California Press (PUBLISHER • US) |
| DOI | 10.1016/j.postcomstud.2011.07.001 |
| OpenAlex | W2011407470 |
| Language | EN |
| Citations received | 3 |
| References cited | 1 |
This paper examines the major reasons for limited crisis contagion to Poland in the period 2007–09. At this time Poland was the only European Union (EU) member that grew in the midst of the Great Recession and financial crisis. The following analysis focuses on domestic polices and economics structure which made this growth possible. Poland’s modest levels of private and public debt, low share of mortgages in bank assets, limited decline in real estate prices, and proactive policies by domestic and foreign banks substantially buffered Poland’s financial sector. At the same time, real economy was aided by a high share of domestic consumption as opposed to exports, a favorable labor market structure, and timely financial assistance from the EU, all that shielded it from major crisis contagion
Business · Debt · Debt crisis · Economic policy · Economics · European debt crisis · European integration · European union · Financial crisis · Financial system · International economics · Macroeconomics · Real estate · Recession · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Global Health Care Issues · Finance
| Citations per year | 0.23 |
|---|---|
| Citation span | 2013 - 2019 (7) |
| Highly cited | No |