Browsing by Author "Wolniak, Jerzy"
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Item Changes in Organization of the Polish Bank System in the Years 1956—65(Wydział Prawa i Administracji UAM, 1968) Wolniak, JerzyThe author considers the changes in the organization of the Polish Bank system in the years 1956—65 on the background of the decentralizing processes in the management of national economy. In existing circumstances centralization or decentralization of mangement depends primarily on the already attained level of development of national economy and also on the prospects of its further development. Decentralization of the management in national economy, after 1956 reinforced the significance if banks as links realizing the aims of the State's financial policy. This also initiated the reconstruction of the credit system, as well as numerous changes it the distribution of competency among banks. Particulary important was the transfery by the Polish National Bank to the remaining banks of a wide range of short-tenm credit, hence greatly increasing the role of these banks in the processes of creating and accumulating monetary reserves. Thus, the decentralization of the mangeimemt system contributed to the organizatiotn of a Polish banking system baaed on new principles and to the resignation of some of -the fundamental principles and forms of the banking system in Poland, before 1956. In the opinion of the author changes in the organization forms of the Polish banking system in the years 1956—65 permitted the formulation of a general thesis of the dependence of these forms in the system of management of national economy. This imeans that the organization of banks can differ, in the individual socialist countries, depending on the degree of decentralization of their mangement system.Item Piętnaście lat rozwoju polskiego systemu bankowego i kredytowego(Wydział Prawa i Administracji UAM) Wolniak, JerzyItem Podstawowe problemy współczesnej inflacji polskiej(Wydział Prawa i Administracji UAM, 1990) Wolniak, JerzyThe article discusses the methods of curbing contemporary Polish inflation. Because of nominal character of zloty and the presence of directives, inflation was inflicted by non-monetary factors. A doctrinal policy of giving preference to political and defence interests of the state and separating the processes of growth from the requirements of consumption created the structure of production which made it impossible to satisfy the consumption needs of the population. It gave rise to inflation originating in the organic lack of coherence between monetary and material processes of distribution. A directival system of management made Polish economy inefficient. This is yet another source of inflation. It is caused by non-rational growth of production costs and prices and the lack of competitiveness of Polish economy in world markets with resulting foreign trade deficits. The deficits, including the one resulting from limited debt service capacity, increase the inflation pressure on the domestic market. Anti-inflation policy should consist in creating relatively balanced commodity market which could constitute evaluations independently of producers and stimulate long- and short term supply and demand adaptation processes. It is also necessary to rebuild capital markets which could constitute interest rates stimulating capital supply and demand adaptation processes. The core of such a policy should be the elimination of sources of inflation. It would lead to gradual increase of supply. Initially, with producers deciding about prices and monetary measures ineffective, inflation will have to be eliminated, by means of non-monetary instruments. However, with reconstructed markets capable of influencing the prices, it will be possible to fight inflation by means of hard budgetary policy and hard money policy together with the exchange of depreciated zloty. In this way the conditions necessary for efficient capital market will be met.Item Polski system bankowy i kredytowy w okresie decentralizacji RPEiS 21(4), 1959(Wydział Prawa i Administracji UAM) Wolniak, JerzyItem Rozwój obiegu i systemu pieniężnego w Polsce Ludowej(Wydział Prawa i Administracji UAM, 1965) Wolniak, Jerzy