Lissowska, Maria - In: Economics: The Open-Access, Open-Assessment E-Journal 8 (2014) 2014-13, pp. 1-37
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...