Banking Soundness and Monetary Policy


Charles Enoch, and J. Green
Published Date:
September 1997
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Mrs. Gronkiewicz-Waltz commented that, for the purposes of their sale, banks in Poland were valued according to their distinctive characteristics. The main component of the privatization policy was that it was not certain for any specific bank if it was going to be rescued and then sold or if the authorities would let it fail. In the case of state-owned banks that were not solvent, the authorities issued bonds. In the case of small- and medium-sized banks licensed after 1989, a bank audit was conducted, on the basis of which a foreign investor could decide whether to take control of the bank or to invest money into a bank that would be restructured.

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