SOFT MONETARY CENTRAL BANKING POLICY AND A PLAN FOR RESPONSIBLE DEVELOPMENT AS MAIN INSTRUMENTS OF THE IN-TERRENISTIST POLICY FOR ACTIVITY OF GROWTH IN GOSPEL IN POLAND

Abstract

At the beginning of the 1990s, due to the commercialization and privatization of many business entities, the processes of economic globalization of the Polish economy, including transformed financial markets, were intensifying. This globalization is determined by the increasing links between the Polish economy and the economic environment of other countries. These processes indicate that the economic crisis in the Eurozone has been seriously sought for several years, but the negative effects of the slowdown in economic development in some countries have remained. The development of the market financial system in Poland, which has been ongoing since the 1990s, has been slowed down when, since autumn 2008, the echoes of the global financial crisis have begun to enter the global market. In highly developed countries since the beginning of the financial crisis in 2008, the governments of individual countries in consultation with central banks undertook various anti-crisis measures and support for national banking systems. Also in this respect, one can notice many analogies in the relation of the economic situation of national economies, economic policy, including monetary policy and the state of the banking system. These analogies are observed when both developed and developing countries are taken within the comparative analysis. Due to the favorable situation in the Eurozone during the recent years, and the continuation of key aspects of economic growth there are rather positive scenarios for the development of the macroeconomic situation in Poland prevailing among economists. In Poland, since 2015, interventionist monetary policy has been supported by the proeconomic plans of the Plan for Responsible Development developed in the Ministry of Development. This plan, also known as Prime Minister Mateusz Morawiecki's plan, is a key solution that brings together many of the goals and tasks currently implemented by the government of the socio-economic policy called Economy Plus.