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Author
Dziwok Ewa (University of Economics in Katowice, Poland)
Title
The Impact of Non-Conventional Monetary Policy of NBP on Short Term Money Market
Source
Journal of Economics & Management / University of Economics in Katowice, 2015, nr 21, s. 102-109, tab., bibliogr. 20 poz.
Keyword
Banki centralne, Polityka pieniężna NBP, Rynek pieniężny
Central banks, NBP monetary policy, Money market
Note
summ.
Abstract
In the situation of financial crisis large numbers of central banks have started to ease monetary conditions. The National Bank of Poland, following central banks of biggest economies, started to offer unconventional methods to increase liquidity: foreign exchange swaps. The aim of the paper is twofold: to calculate the risk premium understood as a difference between an implied forward rate and a reference rate. The second is to show the sensitivity of the risk premium (a difference between) to market disturbances and than to monetary policy easing.(original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
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ISSN
1732-1948
Language
eng
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