Stabilization and privatization in Poland
| Titel: | Stabilization and privatization in Poland : an economic evaluation of the shock therapy program / The Henry M. Jackson School of International Studies, University of Washington. Ed. by Kazimierz Z. Poznanski |
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| Beteiligt: | |
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| Veröffentlicht: | Boston [u.a.] : Kluwer, 1993 |
| Umfang: | VI, 269 S. : graph. Darst. |
| Format: | Buch |
| Sprache: | Englisch |
| Schriftenreihe/ mehrbändiges Werk: |
International studies in economics and econometrics ; 29 |
| RVK-Notation: |
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| ISBN: | 0792393414 |
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Stabilization and Privatization: An Economic Evaluation of the Shock Therapy Program is an account of Poland's economic transition since mid-1989. Monetary stabilization, trade liberalization (including convertibility) and privatization of state capital assets are discussed. Sources of economic recession which have accompanied the post-1989 transition are analyzed. The role of demand-side factors (i.e. monetary contraction) is weighed against that of supply-side factors (i.e. credit availability). The prevailing view is that the recession has been supply-type rather than demand-type. Economic performance has been impacted by the lack of a proper institutional framework (e.g. a segmented banking sector, diluted property rights).
