Znaczenie sektora bankowego w finansowaniu polskiego zadłużenia publicznego wobec zmian na europejskich rynkach finansowych
Significance of Banking Sector in Financing Polish Public Debt and Changes on European Financial Markets

Summary/Abstract: The aim of this article is to present the problem of rising amount of public debt, which forces general governments to issue treasury bills and bonds on debt market in order to cover huge expenditures. This process enables balancing budget, however, it requires a wide base of investors (banks, non- banking institution and individuals) willing to create demand for public papers. Actions of debt investors are correlated with business cycle what was clearly shown by the last crisis. For this reason, it seems vital to determine present (2006-2010) and future volume of banks' demand, especially in the aftermath of implementing new regulations(Basel III). First part of this work described correlation between economic cycle and investors' interest in debt service market in the context of Ministry of Finance recommendations. Second part presents mechanisms used to estimate and control risks on European financial markets. What is additionally interesting and complicated is the fact that some of new regulations can have effect on behavior of banks on debt market and their interest in public papers.

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