Date: 22-23 November 2007 Venue: Warsaw, NBP Premises Deadline for submission: 22 June 2007 JEL: E, F, G, O The National Bank of Poland invites submissions for the conference Monetary Policy Challenges Resulting from Rapid Credit Growth in Converging Economies to be held in Warsaw on 22-23 November, 2007. Recent years have seen a rapid credit growth in many of the new EU Member.

Narodowy Bank Polski, NBP Visiting Researcher Program Publication date: Call for applications The Economic Research Department of Narodowy Bank Polski (NBP, central bank of Poland) invites applications for the sixth edition of the Visiting Researcher Program (VRP), which will last from March to November 2019. The VRP is aimed at enhancing cooperation of the NBP staff with both senior and young economists working on issues important from the perspective of NBP. NBP is seeking applicants whose research profile is related to central banking issues, such as monetary and macroprudential policy, international economics, financial stability or forecasting. Visiting Researchers are expected to conduct their research at the NBP headquarters for a period between one and two weeks and present their research project at an internal seminar. They will be also encouraged to submit their research paper to the NBP Working Paper series.

Joint projects with NBP staff are strongly preferred. The Participants of the VRP will be offered a stimulating working environment. They will have the opportunity to participate in internal seminars and present the results of their research to a broader audience. Moreover, the NBP is providing an honorarium as well as reimbursement of economy class travel and accommodation costs.

Applications (in English) should include: • a concise description of the VRP project (max 1500 words) • preferred date and duration of stay • curriculum vitae • publication record and a list of ongoing projects • information about the extent of potential cooperation with the NBP employees. Applications for the VRP should be e-mailed to by January 31, 2019.

Please include “VRP 2019” in the subject line. Applicants will be notified by February 28, 2019. Further inquiries can be directed to: Homepage of the NBP VRP is: Files to download: •.

22 - 23 November 2007*, Warsaw Date: 22-23 November 2007 Venue: Warsaw, NBP Premises Deadline for submission: 22 June 2007 JEL: E, F, G, O The National Bank of Poland invites submissions for the conference Monetary Policy Challenges Resulting from Rapid Credit Growth in Converging Economies to be held in Warsaw on 22-23 November, 2007. Recent years have seen a rapid credit growth in many of the new EU Member States and other catching-up economies. Diktanti po belorusskomu yaziku dlya 4 klassa.

While financial deepening is an inherent part of the convergence process and can be beneficial for the economy, the scale and the speed of the observed lending growth raises important questions for the monetary and financial authorities. Is this strong increase in loans a credit bubble or an equilibrium phenomenon? What risks does it pose to price and financial stability?

What measures can be taken to avoid or reduce potential negative consequences of a lending boom? How does the credit growth affect the conditions in which monetary policy operates and what policy adjustment does it require? What is the impact of the euro adoption on the lending growth and the optimal policy response? The objective of the conference is to present the latest research on the determinants of the credit growth in converging economies as well as its effects and policy challenges. The conference is also intended to provide a discussion forum for distinguished academics, central bankers and representatives from commercial banks on a topic of great importance for monetary policy.