English
Obserwator Finansowy features views and analysis of economy in Poland and other countries, written by some of the best journalists, economists and analysts. Our mission is to share knowledge of economics and financial markets in the world.
Obserwator Finansowy is a project under aegis of the Poland’s central bank, Narodowy Bank Polski. We have published thousands of articles about the Polish and global economy. Our journalists have conducted hundreds of interviews with Nobel laureates, distinguished economists, business leaders and politicians with views across the political spectrum.
In this section you can find selected articles in English.

Luigi Palumbo: Financial Sanctions are More Effective than Trade Ones
Luigi Palumbo, Grzegorz JeżObserwator Finansowy: It’s a great honour to have you here at the studio of Obserwator Finansowy. I would like to ask you a question concerning the sanctions imposed on Russia. During the academic session you...

Fabio Ghironi: Imposing Sanctions Was and Remains the Right Thing to Do
Fabio Ghironi, Grzegorz JeżThere is an obligation to do everything possible to create damage to Russia’s war effort and put pressure, hopefully, for change in Russia – says Fabio Ghironi, Professor of Economics, University of Washington

Ukraine Needs Security and Guarantees
Barry Eichengreen, Grzegorz JeżUkraine needs to be confident. Investors need to be confident, that it is secure from further attacks by Russia – says Barry Eichengreen, Professor of Economics and Political Science, University of Berkeley

Bank of Japan’s Monetary Easing in an Inflationary Environment and New Governor’s Challenges
Sayuri ShiraiDuring the inaugural press conference held on April 10th at the Bank of Japan (BOJ), Governor Kazuo Ueda affirmed the commitment to achieving the 2% price stability target, which was clarified in January 2013 in the joint...

The Bank of Japan Unprecedented Monetary Easing Experiment
Sayuri ShiraiAfter the collapse of bubbles in early 1990s and persistent baking sector problems, Japan’s economy had entered into low economic growth since mid-1990s and mild deflation since late 1990s. The average rate of economic...

Iliya Lingorski: Accession to the eurozone is our priority
Iliya Lingorski, Marek PielachMost political forces declare that the legislation required on the road to the euro is their priority. “I expect that after the elections on 2 April, the parliament will quickly amend the four laws we still lack,' says...

David Marsh: Peace agreement in Ukraine may be near
David Marsh, Marek PielachPutin may not be losing the war, but he is certainly not winning it. So he can look for fallback solutions. Secondly, the U.S. Congress has not written Ukraine a totally blank check for armaments. Thirdly, China is now...

Cristian Popa: We are optimistic about the Euro accession, but the Euro is not a universal panacea
Cristian Popa, Grzegorz JeżAccessing the Eurozone would be good for Romania but there is still a lot to do for us – says Cristian Popa, Member of the Board of Directors, National Bank of Romania.

Sandra Švaljek: Accession to the eurozone was our goal
Sandra Švaljek, Grzegorz JeżCroatia has always been a highly euroized country and it was one of the most important factors – says Sandra Švaljek, Deputy Governor, Croatian National Bank.

Harold James: New wave of globalization is the aftermath of supply shocks
Harold James, Grzegorz JeżI think it is important to distinguish when you look at analogies with the past of what types of crises we are confronting and it seems to me to be helpful to distinguish between supply shocks and demand shocks. The great...