Stabilność finansowa w warunkach reżimu kursowego Currency Board

Abstract

Currency Board as an alternative for exchange rate regime has been popular since the 90-ties among the countries on the way to stabilization of their economies. The macroeconomic and monetary stability is subdued to the condition of credibility of the regime. The credibility can't be achieved without the sound banking system. The specific relations between the central bank and commercial banks, as well as specific rules of money creation constitute frameworks for banking sector operations. The article tackles the problems of creating and maintaining financial stability within CB regime.