Monetary Law and Monetary Policy
Course by Dr Marek Porzycki
The course was taught in the winter semester 2023/24. It will be offered again from October 2024.
Contact e-mail: marek.porzycki [at] uj.edu.pl
Presentations:
1. The concept of money, its functions and theories
2. Context: the role of money in wider economy. Basic introduction into financial markets
3. Money creation mechanism. Inflation.
to presentation 3: money multiplier
4a. Monetary policy. Tools and policies. Part 1.
4b. Monetary policy. Tools and policies. Part 2.
5. Central bank functions. Seigniorage
6. Central banking in Poland, the EU and the US
7. Central bank independence and the prohibition of monetary financing - the EU approach
8. Currency and exchange rates
9. Currency union in Europe (EMU) - background
10. Legal background of the euro. Derogation and euro adoption.
11. The 2010s debt crisis in the euro area - an overview
12. Response to the euro area debt crisis
13. From blockchain and cryptocurrencies to central bank digital currencies (CBDD)
14. Money in the law of obligations. Foreign exchange under Polish law.
Archived presentations from the previous academic year:
7a. Current matter: NBP monetary policy in 2020-22
13. Response to tho covid-19 pandemic and inflation - monetary policy from 2020
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Useful links:
- the euro
Law on the National Bank of Poland:
- unofficial English translation
Links to websites of all central banks and monetary authorities of the world