The Idea of Central Banking in Recent Years of the Polish-Lithuanian Commonwealth

Abstract

On the need to establish a national bank in the Republic, in 1763, Fr. Stanislaw Konarski in his work On Effective Radical Method. The necessity of hedging the issue of Polish money has grown in strength as a result of the crisis caused by the flooding of the domestic market by Polish coins counterfeited in Prussia. The mercantilists joined the discussion, who saw the possibility of maintaining good Polish currency in circulation by using dead capital in “deposit boxes”. However, only the Sejm could appoint a central bank. The first projects saw daylight during the Four Year Sejm (1788-1792). Of particular note is the project of the well-known Warsaw banker Jędrzej Kapostas, who in 1789 published a work entitled About the National Bank in Poland to establish itself, in the following year Planta’s National Bank project. Paper money in Poland appeared in circulation during the Kościuszko insurrection. For this purpose, the Taxi Ticketing Directorate was established. vouchers. They survived until the uprising collapsed. With the third partition of Poland, the discussion on the establishment of the central bank also disappeared.