The Economy and Economic Theory After Crisis Cover Image

Gospodarka i teoria ekonomiczna po kryzysie
The Economy and Economic Theory After Crisis

Author(s): Leszek Jerzy Jasiński
Subject(s): Economy
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: recession; financial crisis; securities; collateral; financial system; investment banks

Summary/Abstract: The main causes of the financial crisis in the world economy and their impact on the Polish economy were presented. It was analyzed what can become the long-term consequence of this crisis and what the economic theory suggests as an explanation of this development. The financial crisis of 2007–2009 was compared with the Great Depression of 1929–1933.

  • Issue Year: 2009
  • Issue No: 3-4
  • Page Range: 271-279
  • Page Count: 17
  • Language: Polish