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Szelągowska Anna (Warsaw School of Economics, Poland)
Central Banks Exit Strategies in Theory and Practice. The Case of the Polish National Bank's Policy
Journal of Economics & Management / University of Economics in Katowice, 2015, nr 21, s. 128-143, bibliogr. 33 poz.
Słowa kluczowe
Banki centralne, Polityka pieniężna NBP, Stopa procentowa, Kredyt bankowy
Central banks, NBP monetary policy, Interest rate, Bank credit
This paper makes an attempt in discussing the pros and cons of central banks exiting from unconventional monetary policy strategies. Having in mind the latest international economic research concerning the optimal entrance and exit strategies of the zero interest rate policy, it is worth discussing the results of the contemporary central banks in preserving the financial system and supporting the real economy. The main aim of this paper is the assessment of the Polish central bank's low rate interest rates policy effectiveness and to find out its influence on the economy. The following research problem is discussed: should central banks use the exit strategy from zero interest rates and if yes, why and when. This task requires to put forward the following research hypothesis: too late implementation of the cycle of low interest rates by the National Bank of Poland does not help improvement of the Polish economy situation. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
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