Polityka pieniężna i kursowa w wybranych nowych krajach członkowskich Unii Europejskiej

• Autorzy: Piotr Stanek

Warianty tytułu

Monetary and Exchange Rate Policy in Selected New European Union Member States

• Języki publikacji: PL

Abstrakty

W pierwszej części artykułu przedstawiono strategie polityki pieniężnej i kursowej przyjęte w Czechach, Estonii, Łotwie i Polsce w latach 2002-2004. W części drugiej zaprezentowano ocenę osiągnięć w zakresie konwergencji zawartą w Raporcie zbieżności opublikowanym przez EBC w październiku 2004 r. Na końcu zamieszczono wnioski odnośnie do dających się zaobserwować zależności między wyborem strategii polityki pieniężnej i kursowej a skutecznością procesu konwergencji.

EN

This article constitutes a review of monetary and exchange rate strategy available to new European Union Member States. These strategies are one of the factors upon which the date of entry of these countries into the Euro zone should depend. The author presents selection options based on the example of four countries: the Czech Republic, Estonia. Latvia and Poland. This set of countries is dictated by the possibility of presenting a broad spectrum of monetary policies, exchange rate policies, and chosen paths towards accepting the common currency, while at the same time limiting the number of analysed countries. The discussed monetary policy strategies include the management of currency de iure in Estonia and de facto in Latvia, as well as direct inflation targets in the Czech Republic and Poland. The author presents exchange rate strategies that are supplementary to monetary policies: ones that are rigid (with respect to the Euro in the case of the Estonian crown, and with respect to SDR in the case of the Latvian lat) and ones that are flexible, such as in Poland and the Czech Republic. The author examines the effectiveness of the methods for conducting monetary policy chosen by each country in light of the convergence report - a document published by the European Central Bank in October 2004, which assessed the EU countries that remain outside the Euro zone (and not having an opt-out clause) with respect to preparing for adoption of the common currency. The author closes the article with conclusions on the need to make a cohesive choice of strategy for monetary and exchange rate policy, which in addition should be adjusted to the economic situation of a given country (in particular, the size and openness of its economy). (original abstract)

Słowa kluczowe

PL

Polityka pieniężna; Polityka walutowa; Wskaźniki konwergencji

EN

Monetary policy; Exchange rate policy; Convergence indicators

• Czasopismo: Zeszyty Naukowe / Akademia Ekonomiczna w Krakowie
• Rocznik: 2006
• Numer: nr 721
• Strony: 167--178

Twórcy

autor

Piotr Stanek

Bibliografia

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