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Financial Reforms in Eastern Europe: A Policy Model for Poland (Routledge…
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Amazon.com Product Description (ISBN 0415166683, Hardcover)This book presents a model which simulates the effects of financial reforms in transitional economies, which is then applied to Poland for a variety of policy simulations. The authors develop models for households, commerical banks and firms, expanding their enquiry into the government sector, the central banking sector, the external sector and finally the supply side. These sub-sector models explicitly incorporate institutional features specific to the Polish economy. The estimated model is used to simulate the effects of a wide array of financial policies introduced in Poland, and these results are then used to assess the effectiveness of the policies analyzed.
This timely and authoritative study sheds new light on how a country's overall economic system responds when it pursues a 'big-bang' approach to marketization.
(retrieved from Amazon Thu, 12 Mar 2015 18:25:06 -0400)
This book presents a valuable model for simulating the effects of financial reforms in transitional economies. Poland is used as a case study to show the effectiveness of the variety of policy simulations offered by this model.
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