National Bank of Poland: The Road to Indirect Instruments

Author/Editor: Ugolini, Piero
Publication Date: November 04, 1996
Summary: Poland was the first centrally planned economy in Eastern Europe to leave the Soviet bloc and introduce systemic reforms in all sectors of the economy. The transformation of the National Bank from a monobank to an institution of a market-based system and the Polish financial sector into a market-oriented banking system was an important element of the reform process and received strong support from the IMF and the international community. This paper describes the steps taken by the National Bank, analyzes the main problems encountered in the modernization, and draws lessons from Poland's experience.
Series: Occasional Paper No. 144
Subject(s): Monetary policy instruments | Poland

Publication Date: November 04, 1996
ISBN/ISSN: ISBN-1-55775-602-3 Format: Paper
Stock No: S144EA0000000 Pages: viii+48
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