Actions of Polish government enabling the adjustment to volatility of exchange rates Cover Image

Działania Rządu RP umożliwiające dostosowanie do zmienności kursów walut
Actions of Polish government enabling the adjustment to volatility of exchange rates

Author(s): Jarosław Czaja
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: currency risk; options; The Single Euro Payments Area (SEPA)

Summary/Abstract: This article presents some initiatives which are introduced by Polish government or by subordinate institutions (e.g. Komisja Nadzoru Finansowego) in order to reduce a volatility problem, e.g. by removing from the Polish law the rule of foreign exchange settlements in PLN or by accepting the act of options regulating transaction parties. Other adjustments helping to manage the currency volatility is Poland accession to The Single Euro Payments Area (SEPA) and also the counteraction against economy overboost by the uncontrolled crediting. Unfortunately most of presented adjustments were proposed or introduced too late. Some of them were used when they were not already needed or they were fully or properly employed e.g. Polish government interventions on currency market or special Flexible Credit Line (FCL) of International Monetary Fund.

  • Issue Year: 2011
  • Issue No: 16
  • Page Range: 254-271
  • Page Count: 18
  • Language: Polish