This paper contrasts the impact of the 1929 and 2008 world crises on the Polish economy. Her much better performance during the recent crisis can be explained by two groups of factors: first, by very different stabilization policies and second, by distinct structural developments (resulting both...

The financial systems inherited by post-communist countries are damaging their economic development and make impossible macroeconomic policies aimed both at growth and economic stabilization. This incompatibility is illustrated by recent Polish experiences under both the last communist and the...