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Influence of inflation and the exchange rate on Poland’s public debt

Karol Maurycy Tomczak

Abstract

Incessantly increasing public debt is the subject of many studies and analyzes. Because of the applicable fiscal rules that are limiting the size of permissible debt this issue is of fundamental importance for Polish public finances. The main aim of this elaboration is to present selected factors that are affecting the state of public debt in Poland in the years 2000-2017, and in particular the answer to the question whether and how inflation and the exchange rate of zloty affect the amount of public debt in given period. The research methods used to write the work are: literature analysis, state statistics method, trend and dynamic analysis, as well as analysis of official documents and legal acts. The elaboration is based on the subject literature, academic textbooks, scientific monographs and articles, documents of the Ministry of Finance, statistics and documents of the Central Statistic Office, as well as on numerical data from finance based websites. In the first chapter you can find basic information about public debt, the reasons leading to its formation and the consequences connected with it, as well as legal limitations on the debt. The second chapter is focused on the inflation and it shows how does it affects public debt. The last chapter is about the issue of the exchange rate and the consequences of its changes for the public debt. It also examines the extent to which foreign debt affects Poland’s public debt. The final conclusion is the statement, that the impact of inflation and the exchange rate on Polish public debt was a risk factor but it was limited as the government pursued a consistent debt management strategy and also there was a big demand for Polish Treasury bonds.
Diploma type
Engineer's / Bachelor of Science
Diploma type
Bachelor thesis
Author
Karol Maurycy Tomczak (FASS) Karol Maurycy Tomczak,, Faculty of Administration and Social Science (FASS)
Title in Polish
Wpływ inflacji i kursu walutowego na zadłużenie publiczne Polski
Supervisor
Małgorzata Stawicka (FASS/DPELEP) Małgorzata Stawicka,, Department of Public Economic Law and Economic Policy (FASS/DPELEP)Faculty of Administration and Social Science (FASS)
Certifying unit
Faculty of Administration and Social Science (FASS)
Affiliation unit
Department of Public Economic Law and Economic Policy (FASS/DPELEP)
Study subject / specialization
Language
(pl) Polish
Status
Finished
Defense Date
08-07-2019
Issue date (year)
2019
Reviewers
Małgorzata Orechwo (FASS/DPELEP) Małgorzata Orechwo,, Department of Public Economic Law and Economic Policy (FASS/DPELEP)Faculty of Administration and Social Science (FASS) Małgorzata Stawicka (FASS/DPELEP) Małgorzata Stawicka,, Department of Public Economic Law and Economic Policy (FASS/DPELEP)Faculty of Administration and Social Science (FASS)
Keywords in Polish
dług publiczny, inflacja, kurs walutowy
Keywords in English
public debt, inflation, exchange rate
Abstract in Polish
File
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Karol_Tomczak_licencjat.pdf
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Local fields
Identyfikator pracy APD: 34667

Uniform Resource Identifier
https://repo.pw.edu.pl/info/bachelor/WUTc0f4d3283e914b22a877f1d9db457ecd/
URN
urn:pw-repo:WUTc0f4d3283e914b22a877f1d9db457ecd

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