In Poland, central banks have a unique position at the hub of a nation's financial system. They issue the national currency, acting as the agent to the government and the commercial banks and supervising the banking system. Central banks also have the special powers needed to promote the financial health of the nation. Our main task is to keep prices constant and fight against inflation. Piotr Boguszewski, adviser to the bank president, National Bank of Poland Boguszewski uses a SAS software-based system, called FAN 01, to diagnose the economic situation of enterprises in Poland.
Monetary policy influences the financial health of a business.
We analyze things like the effect of exchange rate policy on enterprises' exports and imports. The nature of the bank's data makes the analysis a challenge. In FAN 01, I obtain data produced by Poland's central statistical office on a monthly basis, and have data going back to 1993. SAS software is very helpful because it's flexible and easy to use when performing operations on large amounts of data. Cross-sectional analyses allow us to find out, for example, the financial position of large enterprises that exhibit high dynamics in sales.