Economic crisis in the European Union and the general government financial situation with particular focus of Poland. Part 2

• Autorzy: Janusz Ostaszewski , Elżbieta Malinowska-Misiąg , Piotr Russel
• Języki publikacji: EN

Abstrakty

EN

The world financial crisis which began in the United States in 2007 relatively quickly started to affect also the real sphere of economies of most countries. The scope of crisis phenomena extorted governments' and central banks' intervention consisting in the support for the liquidity of the financial system, increasing the level bank deposits guarantee in order to avoid a bank run, capital support of the financial sector units as well as developing support programmes for individual industries or the whole economy. The scale of the intervention is reflected in the fact that from 1 October 2008 till 1 October 2012 the European Commission approved the aid for the financial sector of totally 3,394 billion euros, i.e. 27.7% of the EU GDP) - including mainly guarantees concerning bonds and bank deposits - approved already in 2008. Since 2008 the aid has been aimed to a greater extent at bank capitalisation and aid connected with the assets of a reduced value. In the years 2008-2011 the total amount of 1,615.9 billion euros (12.8% of the EU GDP.). (fragment of text)

Słowa kluczowe

EN

Economic crisis; State financial crisis; State financial policy; Financial situation

PL

Kryzys gospodarczy; Kryzys finansowy państwa; Polityka finansowa państwa; Sytuacja finansowa

• Czasopismo: Journal of Management and Financial Sciences
• Rocznik: 2013
• Tom: 6
• Numer: nr 14
• Strony: 63--98

Twórcy

autor

Janusz Ostaszewski

• Szkoła Główna Handlowa w Warszawie

autor

Elżbieta Malinowska-Misiąg

• Szkoła Główna Handlowa w Warszawie

autor

Piotr Russel

• Szkoła Główna Handlowa w Warszawie

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