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Author
Challoumis Constantinos (National and Kapodistrian University of Athens)
Title
Index of the Cycle of Money-the Case of Poland
Source
Research Papers in Economics and Finance, 2022, vol. 6, nr 1, s. 72-86, rys., tab., bibliogr. 48 poz.
Keyword
Pieniądz, System gospodarczy, Kryzys gospodarczy
Money, Economic system, Economic crisis
Note
summ.
Abstract
This paper aims at assessesing how a well-established theory of the cycle of money works in a real scenario like the economic system of Poland. The prior works have revealed the case of Latvia, Serbia, Bulgaria, Greece, Thailand and Ukraine according to the concept of the theory of the cycle of money. The outcomes show that Poland is over the average global value. The results confirm that Poland is a well-structured economy able to overcome an economic crisis. The current work is significant, as it verifies the strength of Poland's economy to a potential crisis. The period under analysis encompasses the years 2012-2017, i.e. a period in which the EU and other European countries counteracted an economic crisis. Therefore, the purpose of the paper is to show the condition of Poland's economy, based on that theory. The paper aims to calculate the index of the cycle of money. The hypothesis of the paper is the econometric testability of the index of the cycle of money. The general index of the cycle of money of Poland's rate is 0.62 for the above-mentioned period of crisis in the Eurozone and more generally in Europe. Poland's index is much higher than this minimum rate. This is the only published work for Poland following this theory; therefore, it provides new findings of the economy of Poland, based on on the theory of the cycle of money.(original abstract)
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ISSN
2543-6430
Language
eng
URI / DOI
http://dx.doi.org/10.18559/ref.2022.1.5
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