This paper discusses the underpinnings of the financial crisis of the last decade. It explores the endogenous reasons of this crisis, and in particular a possible link between delayed and unequal growth of household incomes in post-transition countries on one hand and the instability of their...

This paper discusses the underpinnings of the financial crisis of the last decade in post-transition countries. It explores the endogenous reasons of this crisis, and in particular a possible link between delayed and unequal growth of household incomes on the one hand and the instability of the...

Przedmiotem opracowania jest cykliczność rynku mieszkaniowego w Polsce i wyjaśnienie faktu, Ŝe przebieg cyklu mieszkaniowego nie doprowadził anido znacznej recesji na rynku mieszkaniowym, ani do złamania stabilnosci systemu bankowego. Tłem teoretycznym rozwaŜańjest mechanizm cyklu...

This paper discusses the underpinnings of the financial crisis of the last decade. It explores the endogenous reasons of this crisis, and in particular a possible link between delayed and unequal growth of household incomes in post-transition countries on one hand and the instability of their...