National Bank of Poland: The Road to Indirect Instruments

November 4, 1996

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Format: Chicago

Piero Ugolini. National Bank of Poland: The Road to Indirect Instruments, (USA: International Monetary Fund, 1996) accessed November 21, 2024

Summary

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.

Subject: Bank supervision, Banking, Central banks, Commercial banks, Credit, Financial institutions, Financial markets, Financial regulation and supervision, Fiscal accounting and reporting, Money, Open market operations, Payment systems, Public financial management (PFM)

Keywords: Bank, Bank supervision, Banking supervision system, Commercial banks, Credit, Eastern Europe, Fiscal accounting and reporting, Interest rates liberalization, Market, Modernization plan, Modernization process, National bank, National bank of Poland, OP, Open market operations, Payment systems

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1996/010
Stock No:

S144EA0000000
ISBN:

9781557756022
ISSN:

0251-6365

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