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: 1475540868
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: Dominic A. Pacyga
Publisher: University of Chicago Press
ISBN: 022681534X
Category : History
Languages : en
Pages : 330
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Book Description
Pacyga chronicles more than a century of immigration, and later emigration back to Poland, showing how the community has continually redefined what it means to be Polish in Chicago.
Author:
Publisher: Lexington Books
ISBN: 0739188739
Category : History
Languages : en
Pages : 589
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Book Description
A Corner for Everybody is a unique collection of close to five hundred letters from Polish American readers, which were published in the Polish-language weekly Ameryka-Echo between 1902 and 1969. In these letters, Polish immigrants speak in their own words about their American experience, and vigorously debate religion, organization of their community, ethnic identity, American politics and society, and ties to the homeland. The translated letters are annotated and divided into thematic chapters with informative introductions. Polish Americans formed one of the largest European immigrant groups in the United States and their community (Polonia) developed a vibrant Polish-language press, which tied together networks of readers in the entire Polish immigrant Diaspora. Newspaper editors encouraged their readers to write to the press and provided them with public space to exchange their views and opinions, and share thoughts and reflections. Ameryka-Echo, a weekly published from Toledo, Ohio, was one of the most popular and long-lasting newspapers with international circulation. For seven decades, Ameryka-Echo sustained a number of sections based on readers’ correspondence, but the most popular of them was a “Corner for Everybody,” which featured thousands of letters on a variety of topics. The readers eagerly discussed everything from occurrences in local communities, to issues paramount to the formation of their ethnic identity and assimilation, church, religion, gender, politics, relations with new immigrant waves, and other ethnic groups. The letter-writers debated the American labor movement and strikes, described hardships of the Great Depression and World War II, and argued about American domestic politics, and foreign policy. They also keenly followed changes in their homeland and called for work on behalf of the Polish nation. The Ameryka-Echo letters are a rich source of information on the history of Polish Americans, which can serve as primary sources for students and scholars. They also provide a new, fascinating, and lively look into the passions and experiences of individuals who created the larger American historical experience.
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: Helena Znaniecka Lopata
Publisher: Pearson Education
ISBN: 9780136864448
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
For one-semester undergraduate or graduate courses in accounting information systems. A market-leading text with the most comprehensive, flexible coverage of AIS available Revel(TM) Accounting Information Systems delivers the most unprecedented coverage of each major approach to teaching AIS, giving instructors the opportunity to reorder chapters and focus the material to suit their individual course needs. The 15th Edition covers all of the most recent updates in AIS, including how developments in IT affect business processes and controls, the effect of recent regulatory developments on the design and operation of accounting systems, and how accountants can use AIS to add value to an organization. Not only will students see how AIS has changed the role of an accountant, but they'll also be prepared for a successful accounting career in public practice, industry, or government. Revel is Pearson's newest way of delivering our respected content. Fully digital and highly engaging, Revel replaces the textbook and gives students everything they need for the course. Informed by extensive research on how people read, think, and learn, Revel is an interactive learning environment that enables students to read, practice, and study in one continuous experience -- for less than the cost of a traditional textbook. NOTE: Revel is a fully digital delivery of Pearson content. This ISBN is for the standalone Revel access card. In addition to this access card, you will need a course invite link, provided by your instructor, to register for and use Revel.
Author: Joanna B. Michlic
Publisher: U of Nebraska Press
ISBN: 080325637X
Category : History
Languages : en
Pages : 399
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Book Description
In this provocative and insightful book, Joanna Beata Michlic interrogates the myth of the Jew as Poland's foremost internal "threatening other," harmful to Poland, its people, and to all aspects of its national life. This is the first attempt to chart new theoretical directions in the study of Polish-Jewish relations in the wake of the controversy over Jan Gross's book Neighbors. Michlic analyzes the nature and impact of anti-Jewish prejudices on modern Polish society and culture, tracing the history of the concept of the Jew as the threatening other and its role in the formation and development of modern Polish national identity based on the matrix of exclusivist ethnic nationalism.
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: Józef Miąso
Publisher:
ISBN:
Category : Social Science
Languages : en
Pages : 304
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Book Description
