MARC보기
LDR03483cam 2200673Ia 4500
001000000385477
00520180411151440
006m o d
007cr |||||||||||
008120829s2012 dcu ob i000 0 eng d
019 ▼a 813206872 ▼a 903698783
020 ▼a 1475547110
020 ▼a 9781475547115
0291 ▼a AU@ ▼b 000050089553
0291 ▼a DEBBG ▼b BV041387340
0291 ▼a DEBBG ▼b BV043960039
0291 ▼a DEBSZ ▼b 481269479
035 ▼a (OCoLC)808642002 ▼z (OCoLC)813206872 ▼z (OCoLC)903698783
040 ▼a DJB ▼b eng ▼e pn ▼c DJB ▼d CUS ▼d OCLCQ ▼d E7B ▼d OCLCA ▼d EBLCP ▼d OCLCF ▼d OCLCO ▼d OCLCQ ▼d YDXCP ▼d N$T ▼d OCLCO ▼d OCLCQ ▼d OCLCO ▼d CUS ▼d OCLCO ▼d ICA ▼d AGLDB ▼d MERUC ▼d 247004
043 ▼a e-pl---
050 4 ▼a HG3881.5.I58 ▼b W67 No. 12/215eb
072 7 ▼a BUS ▼x 027000 ▼2 bisacsh
08204 ▼a 332.152 ▼2 23
1001 ▼a Lu, Yinqiu, ▼e author.
24510 ▼a What drives the POLONIA spread in Poland?/ ▼c prepared by Yinqiu Lu.
260 ▼a [Washington, D.C.]: ▼b International Monetary Fund, ▼c ?012.
300 ▼a 1 online resource (19 pages).
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
4901 ▼a IMF working paper; ▼v WP/12/215
500 ▼a Title from PDF title page (IMF Web site, viewed Aug. 29, 2012).
500 ▼a "European Department."
500 ▼a "August 2012."
504 ▼a Includes bibliographical references.
520 ▼a 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.
590 ▼a eBooks on EBSCOhost ▼b All EBSCO eBooks
650 0 ▼a Monetary policy ▼z Poland.
650 0 ▼a Monetary policy ▼z Poland ▼x Econometric models.
650 0 ▼a Banks and banking, Central ▼z Poland.
650 0 ▼a Banks and banking, Central ▼z Poland ▼x Econometric models.
650 7 ▼a BUSINESS & ECONOMICS ▼x Finance. ▼2 bisacsh
650 7 ▼a Banks and banking, Central. ▼2 fast ▼0 (OCoLC)fst00827036
650 7 ▼a Banks and banking, Central ▼x Econometric models. ▼2 fast ▼0 (OCoLC)fst00827041
650 7 ▼a Monetary policy. ▼2 fast ▼0 (OCoLC)fst01025230
650 7 ▼a Monetary policy ▼x Econometric models. ▼2 fast ▼0 (OCoLC)fst01025234
651 7 ▼a Poland. ▼2 fast ▼0 (OCoLC)fst01206891
655 4 ▼a Electronic books.
7102 ▼a International Monetary Fund. ▼b European Department.
830 0 ▼a IMF working paper ; ▼v WP/12/215.
85640 ▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568209
938 ▼a EBL - Ebook Library ▼b EBLB ▼n EBL1606957
938 ▼a ebrary ▼b EBRY ▼n ebr10627167
938 ▼a EBSCOhost ▼b EBSC ▼n 568209
938 ▼a YBP Library Services ▼b YANK ▼n 10691553
938 ▼a YBP Library Services ▼b YANK ▼n 9927246
990 ▼a ***1012033
994 ▼a 92 ▼b KRDHU