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

Zbigniew Ofiarski ()
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Zbigniew Ofiarski: Uniwersytet Szczecinski, Wydzial Prawa i Administracji

Problemy Zarzadzania, 2017, vol. 15, issue 67, 17-34

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.

Keywords: State Treasury; public funds; financial institutions; restructuring (search for similar items in EconPapers)
JEL-codes: E20 E44 H12 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sgm:pzwzuw:v:15:i:67:y:2017:p:17-34

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