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In the article, the author analyses sources of budget deficit's financing in the transformation period in Poland. Firstly, different instruments that can balance expenses of state's budget over its income are presented. Then an analysis of the structure of deficit's financing and its consequences for the economy is made. The author pays attention to efficiency of the fiscal expansion in the short...
In the post-war period the banking system in Poland underwent two important system transitions: after 1946 and after 1989. The third transformation began after May 1, 2004, but it did not have a systemic character. The Polish banking sector started to operate on the Single European Market. The first part of the paper is devoted to the problems of the banks' transformations after 1989 with a special...
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