THE MONETARY POLITICS OF NATIONAL POLISH BANK AND MONETARY AND CURRENCY COVERGENCE (Polityka pieniezna Narodowego Banku Polskiego a monetarna i walutowa konwergencja)

The entry of Poland into the structures of UE in 2004 results in aspiration to become a member of The Economic and Monetary Union. This requires, however, fulfillment of the convergence criteria, described in the Treaty from the Maastricht - monetary, currency and fiscal. The study tries to assess the effectiveness of the money politics of Polish National Bank in activities aiming to fulfill the monetary and currency norms of convergence in years 2004 - 2010. Using the traditional triad of aims (the control of currency rate, the supply of money and interest rate) and the direct inflationary aim the Authors stated that activities in studied areas does not assure the fulfillment of the norms of convergence - currency and monetary.