Polityka kursu walutowego w Polsce w latach 1990 - 1994
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Date
1994
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WydziaĆ Prawa i Administracji UAM
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Foreign exchange rate policy in Poland in the years 1990 - 1994
Abstract
The purpose of the paper was to investigate the manner in which exchange rate policy was
carried out in Poland in the years 1990 - 1994. Relations between the exchange rate policy and
monetary policy as well as changes in the foreign trade structure after the implementation of
exchange policy have been analysed and a differentiation between a fixed exchange rate and the
crawling peg has been made. Despite the controversy over the first phase ('overshooting' and delayed
introduction of the crawling peg), the foreign exchange rate policy in the investigated period
deserves to be evaluated very highly. A recommendation drafted in the paper proposes a change in the structure of the currency
basket (which should consist of ECU and USD only) and gradual lowering of the crawling peg rate until a fixed exchange rate is achieved when inflation rate is reduced to a one digit level.
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Digitalizacja i deponowanie archiwalnych zeszytĂłw RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny, 56, 1994, z. 4, s. 107-124