Język Polski
English
Published
:
2010-02-28
Unconventional Monetary Policy Instruments of National Bank of Poland as a Reaction for Financial Crises
Wiesława Przybylska-Kapuścińska
Abstract
In our paper we concentrate on unconventional monetary policy instruments. They have been introduced by National Bank of Poland as a result of financial crisis, which although in a smaller degree than other countries has also touched Polish economy. We discuss the essence and the kinds of unconventional instruments, which are used by majority of the most important central banks in the world. We analyze how wide should be the range of those monetary policy instruments in Poland. We also show that the main difference between Polish and more mature financial markets in using those instruments is the lower liquidity risk in Polish banking sector comparing to other markets. (original abstract)Keywords:
NBP monetary policy, Monetary policy instruments, Financial crisisMost read articles by the same author(s)
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Przybylska-Kapuścińska, W. (2010). Unconventional Monetary Policy Instruments of National Bank of Poland as a Reaction for Financial Crises. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 26(26). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/1665