Polskie koncepcje monetarne

Abstract

The article is a synthetic and comparative study of theoretical grounds of monetary concepts developement adopted in Poland in the interwar period and after the World War two. Various monetary theories formed the grounds of those concepts, they were implemented in the two different socio-political systems and under different economic conditions. Their choice was determined by distinct doctrines of political economy. Having the said assumptions in mind the authoress attempted to find the reason for inefficiencies of monetary systems and their financial-credit policies based ori adopted monetary concepts. Sharing her reflections on the monetary concepts, the authoress pointed out that fallacies in the very concepts, improper handling and utilization of money instrument in economy, and no adjustments made in the concepts for the given conditions made the financial-credit policies fated to fail. It was also indicated that recently forwarded propositions related to changes in rates of exchange and financial-credit policies are directed in a correct way.