The NBP Working Papers series contains texts that are the product of research carried out by the staff of the NBP Economic Institute, together with contributions by staff from other NBP departments, and also by authors from academic and financial institutions. These materials relate to key theoretical and practical questions of banking and monetary policy.

The name of this series for English texts No. 1-38 was Materials and Studies Papers (Materiały i Studia Papers).

Distributed free of charge.
Published by the Education and Publishing Department,
National Bank of Poland.
Tel: (48 22) 653 23 35