National Bank of Poland: The Road to Indirect Instruments

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book National Bank of Poland: The Road to Indirect Instruments by Piero Mr. Ugolini, INTERNATIONAL MONETARY FUND
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Author: Piero Mr. Ugolini ISBN: 9781452790343
Publisher: INTERNATIONAL MONETARY FUND Publication: November 4, 1996
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Piero Mr. Ugolini
ISBN: 9781452790343
Publisher: INTERNATIONAL MONETARY FUND
Publication: November 4, 1996
Imprint: INTERNATIONAL MONETARY FUND
Language: English

Poland was the first centrally planned economy in Eastern Europe to leave the Soviet bloc and introduce systemic reforms in all sectors of the economy. The transformation of the National Bank from a monobank to an institution of a market-based system and the Polish financial sector into a market-oriented banking system was an important element of the reform process and received strong support from the IMF and the international community. This paper describes the steps taken by the National Bank, analyzes the monetary situation, and makes recommendations.

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Poland was the first centrally planned economy in Eastern Europe to leave the Soviet bloc and introduce systemic reforms in all sectors of the economy. The transformation of the National Bank from a monobank to an institution of a market-based system and the Polish financial sector into a market-oriented banking system was an important element of the reform process and received strong support from the IMF and the international community. This paper describes the steps taken by the National Bank, analyzes the monetary situation, and makes recommendations.

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