REGULOWANA NORMATYWNIE ANTYCYKLICZNA ANTYKRYZYSOWA KRAJOWA POLITYKA MONETARNA BANKOWOŚCI CENTRALNEJ W POLSCE
REGULATED NORMATIVELY ANTI-CYCLICAL ANTI-CRISIS DOMESTIC MONETARY POLICY OF CENTRAL BANKING IN POLAND

Summary/Abstract: Since 1989, the central bank in Poland is the National Bank of Poland, whose activity is regulated by the Act on the National Bank of Poland. According to the regulations of this Act and in connection with the functioning of the national currency in Poland, ie the Polish zloty, the central bank conducts the entire monetary policy in Poland. The National Bank of Poland, using its instruments of domestic monetary policy, may influence economic processes within the framework of countercyclical intervention in order to activate economic processes, affecting the amount of circulating money in the economy and changing the cost of money borrowed in loans by commercial banks to economic entities. In this way, in the situation of a significant slowdown in the country's economic growth caused by the global financial crisis, the National Bank of Poland runs anti-crisis, interventionist monetary policy. Such activities have already been carried out by central banks in many other countries in the past. Despite the fact that the financial market, like other markets, is built according to the classic model of the market mechanism, in which two sides of the market interact, ie demand and supply, and the subject of trading is cash in cash or contained in various financial instruments, it is particularly institutionalized and regulated market.

• Details
• Contents