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National Bank of Poland: The Road to Indirect Instruments

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  • Piero Ugolini
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    Abstract

    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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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=1668
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 144.

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    Length: 68
    Date of creation: 04 Nov 1996
    Date of revision:
    Handle: RePEc:imf:imfocp:144

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    Cited by:
    1. Wojciech Maliszewski, 2002. "Monetary Policy in Transition: Structural Econometric Modelling and Policy Simulations," CASE Network Studies and Analyses 0246, CASE-Center for Social and Economic Research.
    2. Wojciech Maliszewski, 1999. "VAR-ing Monetary Policy in Poland," CASE Network Studies and Analyses 0188, CASE-Center for Social and Economic Research.
    3. Delia M. Boylan, 1999. "Bureaucratic Reform In Developing Countries: A Comparison of Presidential and Parliamentary Rule," Working Papers 9914, Harris School of Public Policy Studies, University of Chicago.
    4. Thomas S. Mondschean & Timothy P. Opiela, 1998. "Bank time deposit rates and market discipline in Poland: the impact of state ownership and deposit insurance reform," Working Paper Series WP-98-13, Federal Reserve Bank of Chicago.
    5. Delia M. Boylan, 2000. "Bureaucratic Delegation in Comparative Perspective: Constitutional Structure and Reform Timing," Working Papers 0003, Harris School of Public Policy Studies, University of Chicago.

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