Rezerwy bankowe wewnętrzne i międzynarodowe
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Date
1970
Authors
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Editor
Journal Title
Journal ISSN
Volume Title
Publisher
Wydział Prawa i Administracji UAM
Title alternative
International and Foreign Exchange Banking Reserves
Abstract
The subject of this study is a set of problems concerning international and
foreign exchange banking reserves in national economy. The working of reserves
in bath the gold currency system and the managed currency system has been presented
in this paper. Metallic currency serves a double purpose in the gold currency
system, namely as an internal reserve and a foreign exchange reserve. The
internal reserve is a regulator of money circulation. The foreign exchange reserve
governs the equilibrium of the balance of payment. Next the working of reserves
in the managed currency system has been examined. In that system there is a division
of internal and international tasks in the sphere of reserves. The functions of foreign
exchange reserves have been described. They consist in guaranteeing international
liquidity and currency stability. Next the structure of foreign exchange
reserves has been described. Distinction between owned and borrowed reserves
has been drawn. The role of gold, of key currencies and international credits has
been analyzed. The importance of the new international reserve unit has been emphasized,
i.e. the special drawing rights of the International Monetary Fund.
The problem of cost of keeping foreign exchange reserves and the rule of forming
them have been discussed as well.
The study of foreign exchange reserves has been supplemented with an analysis
of reserve policy in the socialistic economy.
Description
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Digitalizacja i deponowanie archiwalnych zeszytów RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
Keywords
Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 32, 1970, z. 4, s. 91-105
Seria
ISBN
ISSN
0035-9629