The role of the euro as an international currency for Polish private and public sectors - selected issues

• Authors: Ireneusz Pszczółka

Abstracts

EN

The paper discusses the usage of the euro as a parallel currency in Poland. The aim is to assess the importance of the euro as an international currency for Polish residents, with particular emphasis on reserve and investment currency. The main stress is put on the assessment of the use of euro-denominated bank deposits and loans. The paper is based on the international literature and statistical data. Main sources of necessary data were taken from publications delivered by European Central Banka and National Bank of Poland.

Keywords

EN

foreign reserves; central bank, bank instruments; international currencies

• Publisher: Instytut Naukowo-Wydawniczy "SPATIUM"
• Journal: Central European Review of Economics & Finance
• Year: 2022
• Volume: 41
• Issue: 6
• Pages: 16-26

Dates

published

2022

Contributors

author

Ireneusz Pszczółka

• Kazimierz Pulaski University of Technology and Humanities in Radom

References

• Barkin N. & Cox A. (1998). EMU Explained, The Impact of the Euro, Kogan Page, London.
• Chinn M. & Frankel J. (2005). Will the euro eventually surpass the dollar as leading international reserve currency, NBER Working Paper 11510, July.
• Detken C. & Hartmann P. (2000). The euro and international capital markets, ECB Working Paper No. 19, April.
• ECB (2016). The international role of the euro, July.
• ECB (2017). The international role of the euro, July.
• ECB (2019). The international role of the euro, July.
• ECB (2021). The international role of the euro, July.
• Eichengreen B. & Mathieson D. (2000). The currency composition of foreign exchange reserves: retrospect and prospect, IMF Working Paper 00131, July.
• Galati G. & Wooldridge P. (2006). The euro as a reserve currency: a challenge to the pre-eminence of the US dollar?, BIS Working Papers No 218, October 2006.
• Hartmann P. (1998). Currency competition and the foreign exchange market, Cambridge University Press.
• Kenen P.B. (1983). The role of the dollar as a international currency, Occasional Papers 13, Group of Thirty, New York.
• Lim E. (2006). The euro's challenge to the dollar: different views from economists and evidence from COFER and other data, IMF Working Paper 06/153, June.
• Mundell R.A. (1998). What the euro means for the dollar and the international monetary system, Atlantic Economic Journal, Vol. 206, No. 3, September.
• NBP (2016). Annual Report 2015
• NBP (2018). Annual Report 2017
• NBP (2021). Annual Report 2020
• NBP (2022). Annual Report 2021
• NBP (2018b). Międzynarodowa pozycja inwestycyjna Polski w 2017
• NBP (2021b). Międzynarodowa pozycja inwestycyjna Polski w 2020
• NBP (2022b). Międzynarodowa pozycja inwestycyjna Polski w 2021
• Oręziak L. (2008). Euro - pieniądz międzynarodowy, Europejska Integracja Monetarna od A do Z, Bank i Kredyt, styczeń.
• Papaioannou E. & Portes R. & Siourounis G. (2006). Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar, NBER Working Paper 12333, July.
• Pszczółka I. (2020). Dolar amerykański i euro jako kluczowe waluty inwestycyjne na międzynarodowym rynku dłużnych papierów wartościowych, [in:] D. Kopycińska, J. Korpys (ed.), Współczesne problemy gospodarowania, Centre of Sociological Research, Szczecin.
• Pszczółka I. (2018). Zmiany wysokości i struktury rezerw walutowych nbp na tle zmian zachodzących w rezerwach walutowych na świecie, Studia Ekonomiczne. Zeszyty Naukowe Uniwersyetu Ekonomicznego w Katowicach, nr 352.
• Pszczółka I. (2011). Współczesne waluty międzynarodowe, Cedewu, Warszawa.
• Viceira L.M. & Gimeno R. (2010). The euro as a reserve currency for global investors, Documentos de Trabajo No. 1014, Banco De Espana.

Identifiers

DOI

10.24136/ceref.2022.021

Biblioteka Nauki

16729739