Polityka pieniężna Narodowego Banku Polskiego od roku 1989

• Authors: Paweł Franka , Anna Wisz
• Languages of publication: PL

Abstracts

PL

The article discusses the activities of National Bank of Poland during the past twenty-five year and more specifically in the years 1989–2013 with particular emphasis on monetary policy. During this time, the Polish central bank has undergone fundamental change, starting from the position of the so-called monobank, i.e. bank without autonomy in activities, characteristic of planned economy. The article describes the process of transformation of the National Bank of Poland to the role of a central bank operating in a market economy. The paper emphasizes all the important events in the transformation, including building of a two-tier banking system, the gradual replacement of the administrative measures by monetary policy instruments, currency denomination, constitutional guarantees of the role and independence of the National Bank of Poland, creation of the Monetary Policy Council – a departure from the single monetary policy-making in favor of collegiality, changing the monetary policy strategy to direct inflation targeting, bank exchange rates policy, open market operations.

Keywords

PL

National Bank of Poland, NBP, monetary policy, two-tier banking system, Zloty denomination, Monetary Policy Council

• Publisher: Szkoła Główna Handlowa w Warszawie
• Journal: Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace
• Year: 2015
• Issue: 1
• Pages: 173-192

Dates

published

2015-12-05

Contributors

author

Paweł Franka

author

Anna Wisz

Identifiers

DOI

10.33119/KKESSiP.2015.1.8