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SławomirI.Bukowski
THEDEGREEOFPOLISHMONEYMARKETINTEGRATION
WITHTHEMONEYMARKETINTHEEUROZONE
Summary:Theaimofthispaperisthepresentationofresearchresultswhichconcernthede-
greeofintegrationofPolishmoneymarketwiththeeurozonemoneymarket.Moneymarkets
integrationinthemonetaryunionisanimportantfactorwhichdeterminestheeffectivenessof
singlemonetarypolicy.TheauthoranalysesthedegreeofintegrationbetweenPolishmoney
marketandthesamemarketintheeurozone.Intheresearchsomemethodbasedonprices
andratesofreturnhasbeenimplemented(standarddeviation,betaconvergenceandsigma
convergence).TheresultsofthisresearchindicatethatthedegreeofintegrationofPolishand
eurozonemoneymarketshasbeenincreasingintheperiodof1999-2009.
