The Impact of Non-Conventional Monetary Policy of NBP on Short Term Money Market

• Autorzy: Ewa Dziwok
• Języki publikacji: EN

Abstrakty

EN

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)

Słowa kluczowe

EN

Central banks; NBP monetary policy; Money market

PL

Banki centralne; Polityka pieniężna NBP; Rynek pieniężny

• Czasopismo: Journal of Economics & Management / University of Economics in Katowice
• Rocznik: 2015
• Numer: nr 21
• Strony: 102--109

Twórcy

autor

Ewa Dziwok

• University of Economics in Katowice, Poland

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