Financial Reforms in Eastern Europe: A Policy Model for Poland

1st Edition

Kanhaya Gupta, Robert Lensink

Published August 27, 1998
Reference - 208 Pages
ISBN 9780415166683 - CAT# RU16597
Series: Routledge Studies of Societies in Transition


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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.

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