CENTRAL BANK TRANSPARENCY AND EVALUATION OF MONETARY POLICY COMMUNACATIONS
The article reveals approaches to evaluate transparency of the central banks and, operating indices, measures it for the National bank of Ukraine. The quantitative analysis of the informational disclosure of the central banks of Ukraine, Czech Republic ...
V. Romanchukevych, O. Lymanska
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A Simple Encompassing Test for the Deterministic and Bilinear Unit Root Models
A new parameters’ encompassing test is proposed for deciding between the deterministic unit root processes with a structural break and the bilinear unit root model without such break.
Wojciech W. Charemza, Svetlana Makarova
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Is Central Banks’ Effectiveness Related to their Transparency? A Case of European Economies
This article presents a novel transparency measure and examines forward-looking transparency of six European central banks. It aims at evaluating whether the higher degree of transparency is related to better economic stabilization expressed in terms of ...
Szyszko Magdalena, Próchniak Mariusz
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Lessons from TARGET2 imbalances: The case for the ECB being a lender of last resort
During the global banking crisis of 2007-2009 and the Eurozone sovereign debt crisis of 2010-2012 the so called ‘TARGET2 imbalances’ attracted considerable attention. Some economists interpreted them as a symptom of the ECB’s ‘stealth bail-out’.
Chmielewski Tomasz, Sławiński Andrzej
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An analysis of external finance availability on SMEs’ decision making:a case study of the emerging market of Poland. [PDF]
This article explores an understanding of the entrepreneurial behavior of small and medium enterprises (SMEs) in Poland, one of the emerging markets of the European Union, during the recent period of economic slowdown.
Andersson +48 more
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STABILIZING INSTRUMENTS OF THE FINANCIAL SAFETY NET IN POLAND [PDF]
The article describes the shape of the financial safety net in the banking system in Poland. The Polish National Bank, Financial Supervision Commission and the Bank Guarantee Fund instruments were described in respect of the stability of the banking ...
Kinga Stępień
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The Central Bank and the State Budget: Selected Legal Aspects
The Polish Central Bank (National Bank of Poland – NBP) performs mainly macro-economic tasks, for maintaining price levels. This Bank is not focused on tasks aimed at the interests of the State Budget.
Andrzej Borodo
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Modern agriculture and plant breeding must continuously meet the high and increasingly growing requirements of consumers and recipients. In this context, one of the conditions for effective management of any farm is access to quick and efficient ...
Weronika Zenelt +2 more
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Monetary policy of the National Bank of Poland in period 1999–September 2008
At present, the basic and the most important final aim for central banking is to achieve and maintain stable, low inflation. During the last several years BCI conception gained considerable popularity, which is reflected in the growth of number of central banks leading monetary policy according to that strategy.
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POLONIA dynamics during the years 2006–2012 and the effectiveness of the monetary Policy of the National Bank of Poland [PDF]
In the study we investigate the effectiveness of the National Bank of Poland in counteracting the negative results of the financial crisis in the Polish interbank market. The situation was exceptional in a sense, that during the period of the financial crisis the Polish interbank market experienced liquidity surplus, and the main problem of the central
Kliber, Agata +3 more
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