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Since 1990, marketization has fundamentally altered Poland's economy. Like many former Soviet bloc countries, Polish prices, wages, and foreign trade have been liberalized, and many state assets are now privatized. Independent central banks, commercial banking systems, and stock exchanges have...
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In this paper, we take a detailed look at one Polish bank's experiences with financial sector reforms focusing on a bank-led enterprise-restructuring plan that linked directly bank privatization and recapitalization to bad-debt workouts. Based on personal interviews and original statistical...
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