The economic crisis vs. the labour market in Poland

• Authors: Maria Miczyńska-Kowalska
• Languages of publication: PL EN

Abstracts

EN

Poland, like other EU countries, was affected by the economic crisis of 2008 which began in the United States. The impact of the crisis in the US on the financial systems of other countries was related to toxic assets secured by real estate which started to have no value because of the collapse of the mortgage market. The situation of Poland and other peripheral EU countries in the era of the Great Recession was relatively good. This was because Polish banks did not invest in toxic assets. Thus, the direct financial channel did not affect the Polish economy. By contract, the financial markets affected it indirectly through fluctuations in asset prices, the availability of money and the change in the intensity of capital flows. Accordingly, the Polish situation regarding employment and unemployment had peculiar characteristics that distinguished it from other EU countries.

Keywords

EN

labour market; economic crisis; unemployment; employment; forms of counteracting unemployment

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Year: 2017
• Issue: 475
• Pages: 183-194

Contributors

author

Maria Miczyńska-Kowalska