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Reading the Law

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  • Witold Koziński

Abstract

The article concerns the aspects of decisions and their effects connected with the activities of the monetary Policy Council of the National Bank of Poland. The author proves that since the institutional task of the National Bank of Po-land is responsibility for the value of the Polish money, the activity of the Mone-tary Policy Council cannot be limited only to the damping of inflation. Also the Law on the National Bank of Poland imposes duties on the Council which seem to be not carried out. A less numerous composition of the Monetary Policy Coun-cil has been proposed, with a suitable rotation of its members and also the strengthening of the position of the chairman of the Council.

Suggested Citation

  • Witold Koziński, 2002. "Reading the Law," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 6.
  • Handle: RePEc:eko:ekoeko:6_3
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    File URL: http://ekonomia.wne.uw.edu.pl/ekonomia/getFile/454
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    References listed on IDEAS

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    1. R. B. Johnston & Chris Ryan, 1994. "The Impact of Controlson Capital Movementson the Private Capital Accounts of Countries' Balance of Payments; Empirical Estimates and Policy Implications," IMF Working Papers 94/78, International Monetary Fund.
    2. Peter M. Garber, 1998. "Derivatives in International Capital Flows," NBER Working Papers 6623, National Bureau of Economic Research, Inc.
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