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Domestic and Foreign Transmission of the Global Financial Crisis in the Real Economy. The Polish Situation

Elena Tilica

The Review of Finance and Banking, 2021, vol. 13, issue 1, 47-60

Abstract: This paper studies the contagion process of the 2008 Global Financial Crisis through several important Polish economic sectors: chemical, construction, food, IT, media, oil & gas and telecommunication. The results show a significant difference between the response of these sectors to the crisis. Chemical, construction, media and oil and gas were affected, in different degrees, by a domestic financial contagion. The food industry was influenced in a negligible degree by contagion, while the IT and telecommunication sectors showed a decrease of their co-movements with the financial sector, both foreign and domestic.

Date: 2021
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The Review of Finance and Banking is currently edited by Victor Dragota; Bogdan Negrea

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Handle: RePEc:rfb:journl:v:13:y:2021:i:1:p:47-60