Republic of Poland

Republic of Poland

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

ISBN: 9781513568379

Category: Business & Economics

Page: 51

View: 155

This paper discusses Poland’s performance under the Flexible Credit Line Arrangement. In recent years, Poland’s macroeconomic policies have focused on further strengthening fundamentals and institutional frameworks. Fiscal consolidation has led to an exit from the Excessive Deficit Procedure. Monetary policy has been eased to help lift inflation. Financial sector supervision has been strengthened with a new macroprudential framework. Reserves are broadly adequate against standard metrics. The new government has pledged to maintain prudent policies, including gradual fiscal consolidation over the medium term, and to ensure the continued stability of the banking system. In the period ahead, it will be important to identify specific growth-friendly measures to underpin the fiscal adjustment and reduce implementation risk.

Republic of Poland

Republic of Poland

Author: International Monetary Fund

Publisher: International Monetary Fund

ISBN: 9781475506532

Category: Business & Economics

Page: 70

View: 345

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.

Republic of Poland

Republic of Poland

Author: International Monetary Fund. Monetary and Capital Markets Department

Publisher: International Monetary Fund

ISBN: 9781498313209

Category: Business & Economics

Page: 55

View: 632

This Technical Note on Insurance Sector Regulation and Supervision provides an update and an assessment of the development of regulation and supervision of the Polish insurance sector since an assessment concluded in 2012. The note focuses on key issues, with reference to international standards but without presenting a detailed assessment of Poland’s observance. The supervision of intermediaries has also been strengthened in line with a 2012 Financial Sector Assessment Program recommendation. The Solvency II changes appear well-embedded, without significant exemptions or transitional arrangements. With limited long-term guarantee business, life insurers have currently no need for the special measures adopted for such business in many EU countries. However, the recent emergence of the first Polish financial conglomerate, which is headed by an insurer, poses supervisory challenges. In respect to the selected other areas of the insurance framework that were reviewed, the findings highlighted strengths in the approach, with some scope for further development.

Introduction to the Constitution of the Republic of Poland

Introduction to the Constitution of the Republic of Poland

Author: Bogumił Szmulik

Publisher: Wydawnictwo Instytutu Wymiaru Sprawiedliwości

ISBN: 9788366344525

Category: Law

Page: 182

View: 333

Introduction to the Constitution of the Republic of Poland by Bogumił Szmulik and Jarosław Szymanek is a cohesive and no-nonsense overview serving as an unassuming and reader-friendly compendium of the current Polish Constitution. With each chapter, the authors gradually introduce readers to the world of legal and political constitutional complexities. Without overloading readers with information, they conduct a comprehensible if accessible narration as well as providing intelligible but nuanced and critical accounts of difficult and controversial matters. Despite its modest title, their work is much more than a simple introduction to the Polish Constitution. Readers will find here not only an approachable analysis of the contents of the 1997 Constitution but will also become familiar with the practice of its implementation as well as with the trajectories of related debates and proposals for future changes. Such a comprehensive approach on the part of the authors makes the book suitable not only for constitutional lawyers, i.e., professionals, but for a much wider group of general readers, both at home and abroad. After all, each of us – regardless of our type of education or scope of interests – ought to be conversant with the constitution of our country. As regards international readers, the English translation of the book may well be the only wide-ranging publication available presenting the Polish fundamental statute. Prof. dr hab. Genowefa Grabowska Authored by Bogumił Szmulik and Jarosław Szymanek, the monograph is an invaluable and fascinating example of a scholarly publication. The book specifies and explains the solutions – often very general and challenging in terms of interpretation – adopted by the legislators in the Constitution of the Republic of Poland. The mode of disquisition is informed by didacticism and systematism, making the publication exceptionally valuable, given the wide range of readers currently interested in constitutional matters. Concise and simultaneously packed with information, Introduction to the Constitution of the Republic of Poland is also likely to constitute an important point of reference while solving theoretical and practical dilemmas connected with the Polish fundamental statute. dr hab. Paweł Sobczyk, prof. UO

Poland, 1918-1945

Poland, 1918-1945

Author: Peter Stachura

Publisher: Routledge

ISBN: 9781134289493

Category: History

Page: 240

View: 795

Based on extensive range of Polish, British, German, Jewish and Ukranian primary and secondary sources, this work provides an objective appraisal of the inter-war period. Peter Stachura demonstrates how the Republic overcame giant obstacles at home and abroad to achieve consolidation as an independent state in the early 1920s, made relative economic progress, created a coherent social order, produced an outstanding cultural scene, advanced educational opportunity, and adopted constructive and even-handed policies towards its ethnic minorities. Without denying the defeats suffered by the Republic, Peter Stachura demonstrates that the fate of Poland after 1945, with the imposition of an unwanted, Soviet-dominated Communist system, was thoroughly undeserved.