The recent financial turmoil all over the world and the volatile behaviour of the property market in the United States cause anxiety also in Poland. A number of economists and people involved in economic activity pose the questions whether, firstly: turbulences may spread to the Polish market, secondly: how strong can their possible impact on the Polish economy be and thirdly: can they be possibly avoided? These are phenomena which on the one hand can have a significant impact on the economic climate in Poland and, on the other, can influence decision-making within the scope of financial policy. The National Bank of Poland realizing the importance of the above-mentioned issues organized on 4 October 2007 an scientific seminar entitled "The impact of turbulence in international financial markets on the economic situation in Poland" with the participation of a number of experts, who aimed at explaining these phenomena and attempted to identify possible means of safeguarding against them. Below, we present texts based on contributions to the seminar.

  The Impact of Turbulence in International Financial Markets on the Economic Situation in Poland, National Bank of Poland's scientific seminar, 4 October 2007, Warsaw - plik pdf; (249 KB)