What Drives the POLONIA Spread in Poland? PDF Download
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Author: Yinqiu Lu
Publisher: International Monetary Fund
ISBN: 1475505655
Category : Business & Economics
Languages : en
Pages : 19
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Book Description
Since the start of the 2008 - 09 financial crisis, the Polish Overnight Index Average (POLONIA) has persistently been below the policy rate, suggesting a limited influence of the NBP’s open market operations on the short-term interbank rate. In this regard, this paper analyzes the behavior of the POLONIA spread and explore several potential factors that could influence the spread. An empirical analysis confirms that the negative POLONIA spread is related to a few factors, which include the existence of the structural liquidity in the banking system; bank’s unwillingness to lock up liquidity in the NBP bills; the frontloading of banks’ fulfillment of the reserve requirements; and external market sentiment. The analysis also shows the effectiveness of the NBP’s responses to the financial crisis and structural liquidity surplus.
Author: Yinqiu Lu
Publisher: International Monetary Fund
ISBN: 1475505655
Category : Business & Economics
Languages : en
Pages : 19
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Book Description
Since the start of the 2008 - 09 financial crisis, the Polish Overnight Index Average (POLONIA) has persistently been below the policy rate, suggesting a limited influence of the NBP’s open market operations on the short-term interbank rate. In this regard, this paper analyzes the behavior of the POLONIA spread and explore several potential factors that could influence the spread. An empirical analysis confirms that the negative POLONIA spread is related to a few factors, which include the existence of the structural liquidity in the banking system; bank’s unwillingness to lock up liquidity in the NBP bills; the frontloading of banks’ fulfillment of the reserve requirements; and external market sentiment. The analysis also shows the effectiveness of the NBP’s responses to the financial crisis and structural liquidity surplus.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475506538
Category : Business & Economics
Languages : en
Pages : 70
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Book Description
This 2012 Article IV Consultation discusses that the economy of Poland fared well throughout the crisis. The growth was robust and well balanced in 2011. The banking sector remained profitable and well capitalized. Declining provisioning boosted profitability and the average capital adequacy ratio remained high at about 13 percent. Executive Directors have commended the authorities for sound macroeconomic management, which has underpinned the good performance of the Polish economy in a challenging environment. Directors have broadly supported the ongoing fiscal adjustment, which is necessary to rebuild fiscal buffers.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1475556659
Category : Business & Economics
Languages : en
Pages : 14
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Book Description
The Research Summaries in the December 2012 IMF Research Bulletin look at "Market Failures and Macroprudential Policy" (Giovanni Favara and Lev Ratnovski) and "Measurement Matters for House Price Indices" (Mick Silver). The Q&A column looks at "Seven Questions on Turning Points of the Global Business Cycle." The Bulletin also includes a listing of recent IMF Working Papers and Staff Discussion Notes, as well as a list of the top-viewed articles for the first three issues of IMF Economic Review in 2012. Information is also included on a call for papers for the conference "Asia: Challenges of Stability and Growth" to be held in Seoul in 2013.
Author: Stanislav J. Kirschbaum
Publisher: Springer
ISBN: 1349271128
Category : Political Science
Languages : en
Pages : 258
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Book Description
This valuable collection of essays makes a scholarly contribution to our knowledge of Central and Eastern European history. With ground-breaking contributions from international scholars such as Philip Longworth and Piotr Gorecki, this volume is an essential text for anyone studying or generally interested in understanding the development of the post-Communist world.
Author: Kathy Burrell
Publisher: Routledge
ISBN: 1351916548
Category : Social Science
Languages : en
Pages : 238
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Book Description
Immigrants in Britain are often viewed as just that - 'immigrants'. Their experiences as migrants are sidelined in favour of discussions about assimilation and integration - how 'they' adapt to 'us'. This book refocuses debates about migration by following the experiences, memories and perceptions of three migrant groups in Britain: the Polish, Italian and Greek-Cypriot populations. In tracing some of the key themes of migration narratives, Kathy Burrell illustrates that the act of migration creates enduring legacies which continue to influence the everyday lives of migrants long after they have moved. The book is structured around four key themes. The first is the migration process itself. Burrell highlights the important contrast between voluntary and involuntary migration, examining the different memories and legacies of migration. The second theme is the national, (as opposed to ethnic) identities of the groups studied. The author demonstrates how national consciousness survives the upheaval of migration and is perpetuated through the recognition of national histories, myths and traditional rituals. The third theme is a memory of the homeland. The author traces her respondents' memories and experiences of their national territory, focusing particularly on the transnational connections that are established with the homeland after migration. Finally Burrell considers community, analyzing her respondents' experiences of community life and the shared social and cultural norms and values that underpin it.
Author: Adam Walaszek
Publisher: Taylor & Francis
ISBN: 1000963993
Category : History
Languages : en
Pages : 495
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Book Description
The history of private lives of the first and second generations of Polish immigrants in the United States is viewed from the perspective of migrants themselves. What did the migrants do? How did they behave? How protagonists (men, women, children) with their own words presented their experience? Their experience is compared with one of the other groups. The book discusses migration processes, formation of neighborhoods, experiences at work, daily and family lives, functioning of parishes and tensions related to it, and construction of people’s identities and their constant reformulations. Migrants created mutual-aid societies, which played not only economic, but also ideological and political roles. Experiences of immigrants’ children at home and at school are presented, mostly in their own words and from their own perspective. Cultural activities reflect constant changes of groups’ self-identity. The book also depicts the relations between the Polish migrants and members of other ethnic groups – in the streets, public spaces, politics, and within the Catholic church. People lived in pluri-cultural, culturally diverse, contexts, and thus relations with “the others” were complex. The panorama ended in the year 1939, when after the Great Depression, the group entered into a new period of transformation during the war.
Author: Edward R. Kantowicz
Publisher: University of Chicago Press
ISBN: 9780226423807
Category : History
Languages : en
Pages : 284
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Book Description
The "new immigrants" who came from southern and eastern Europe at the turn of the century have rarely been the subject of detailed scholarly examination. In particular, Poles and other Slavic groups have usually been written about in a filiopietist manner. Edward Kantowicz fills this gap with his incisive work on Poles in Chicago. Kantowicz examines such questions as why Chicago, with the largest Polish population of any city outside of Poland, has never elected a Polish mayor. The author also examines the origins of the heavily Democratic allegiance of Polish voters. Kantowicz demonstrates that Chicago Poles were voting Democratic long before Al Smith, Franklin Roosevelt, or the New Deal. Kantowicz has made extensive use of registration lists and voting records to construct a statistical picture of Polish-American voting behavior in Chicago. He draws on church records and census records to provide a detailed description of Chicago's many Polish neighborhoods. He also has studied the city's Polish-language press as well as the few manuscript collections left by Polish-American politicians. These collections, together with data gleaned from interviews with individuals who were acquainted with these figures, are used to sketch profiles of the political leaders of Polonia's capital. Kantowicz focuses on the goals which the Polish-American community pursued in politics, the issues they deemed important, and the functions which politics served for them. He links this analysis to observations on the homeland and the reasons for which the Poles emigrated. In this context he is able to draw conclusions about the nature of the ethnic politics in general. His work will appeal to a variety of readers: urban and twentieth-century historians, political scientists, and sociologists.
Author: Anna D Jaroszynska-Kirchmann
Publisher: University of Illinois Press
ISBN: 0252097076
Category : Social Science
Languages : en
Pages : 305
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Book Description
Arriving in the U.S. in 1883, Antoni A. Paryski climbed from typesetter to newspaper publisher in Toledo, Ohio. His weekly Ameryka-Echo became a defining publication in the international Polish diaspora and its much-read letters section a public sphere for immigrants to come together as a community to discuss issues in their own language. Anna D. Jaroszyńska-Kirchmann mines seven decades' worth of thoughts expressed by Ameryka-Echo readers to chronicle the ethnic press's role in the immigrant experience. Open and unedited debate harkened back to homegrown journalistic traditions, and Jaroszyńska-Kirchmann opens up the nuances of an editorial philosophy that cultivated readers as content creators. As she shows, ethnic publications in the process forged immigrant social networks and pushed notions of education and self-improvement throughout Polonia. Paryski, meanwhile, built a publishing empire that earned him the nickname ""The Polish Hearst."" Detailed and incisive, The Polish Hearst opens the door on the long-overlooked world of ethnic publishing and the amazing life of one of its towering figures.
Author: Konstantin Symmons-Symonolewicz
Publisher:
ISBN:
Category : Polish Americans
Languages : en
Pages : 692
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Book Description
Author: Anna D. Jaroszyńska-Kirchmann
Publisher: Ohio University Press
ISBN: 082144185X
Category : History
Languages : en
Pages : 346
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Book Description
At midcentury, two distinct Polish immigrant groups—those Polish Americans who were descendants of economic immigrants from the turn of the twentieth century and the Polish political refugees who chose exile after World War II and the communist takeover in Poland—faced an uneasy challenge to reconcile their concepts of responsibility toward the homeland. The new arrivals did not consider themselves simply as immigrants, but rather as members of the special category of political refugees. They defined their identity within the framework of the exile mission, an unwritten set of beliefs, goals, and responsibilities, placing patriotic work for Poland at the center of Polish immigrant duties. In The Exile Mission, an intriguing look at the interplay between the established Polish community and the refugee community, Anna Jaroszyńska–Kirchmann presents a tale of Polish Americans and Polish refugees who, like postwar Polish exile communities all over the world, worked out their own ways to implement the mission's main goals. Between the outbreak of World War II and 1956, as Professor Jaroszyńska–Kirchmann demonstrates, the exile mission in its most intense form remained at the core of relationships between these two groups. The Exile Mission is a compelling analysis of the vigorous debate about ethnic identity and immigrant responsibility toward the homeland. It is the first full–length examination of the construction and impact of the exile mission on the interactions between political refugees and established ethnic communities.
