What drives the POLONIA spread in Poland? /

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 t...

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Bibliographic Details
Main Author: Lu, Yinqiu (Author)
Corporate Author: International Monetary Fund. European Department.
Format: eBook
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/215.
Online Access:CONNECT