REZERWA OBOWIĄZKOWA JAKO INSTRUMENT POLSKIEJ POLITYKI PIENIĘŻNEJ
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Date
2002
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Wydział Prawa i Administracji UAM
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OBLIGATORY RESERVE AS AN INSTRUMENT OF THE POLISH MONETARY POLICY
Abstract
The article characterizes the essence and function of obligatory reserve as an instrument of
the Polish monetary policy ever since 1989. The presented analysis of regulating the banking
system by means of the obligatory reserve over the past 14 years shows a similar trend evolution
as in other, economically more developed countries.
Obligatory reserve has grown less restrictive, its rates have been unified and its whole system
has been simplified.
In the future the instrument of obligatory reserve will need to be adapted to the European
Union legislation. Since market instruments have a priority, obligatory reserve will continue to
play a complementary and auxiliary role and will be available to increase temporarily monetary
restrictiveness.
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 64, 2002, z. 4, s. 131-148.