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Rzadowe instrumenty stabilizacji finansowej – zakres zastosowania i skutki dla sektora finansow publicznych w Polsce

Author

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  • Zbigniew Ofiarski

    (Uniwersytet Szczecinski, Wydzial Prawa i Administracji)

Abstract

A new macroprudential legal framework for state financial stability instruments was introduced in Poland in 2016. The regulations adopted by the Polish government are aimed at strengthening the stability of the domestic financial system. One new development is the recapitalisation scheme of ailing financial institutions, and the second is temporary take-over of financial institutions by the State Treasury. These instruments legally allow for engaging public funds in the restructuring of financial institutions exposed to the risk of failure. The condition on which the above instruments can be used is the occurrence of financial crisis, defined as a major distortion to the financial system which can have serious negative consequences for the domestic market and economy. The costs of implementation of financial stability instruments are incurred by the state budget, yet after the procedure is complete, equity interests acquired in the institutions aided become state budget revenue.

Suggested Citation

  • Zbigniew Ofiarski, 2017. "Rzadowe instrumenty stabilizacji finansowej – zakres zastosowania i skutki dla sektora finansow publicznych w Polsce," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 15(67), pages 17-34.
    • Handle: RePEc:sgm:pzwzuw:v:15:i:67:y:2017:p:17-34
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    More about this item

    Keywords

    State Treasury; public funds; financial institutions; restructuring;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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