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.
Long-term impacts of COVID-19 vs. financial system stability
Jacek OsińskiSome economic consequences of the COVID-19 pandemic may also be experienced long after it has ended. What long-term effects of COVID-19 could pose risks to the stability of the financial system in the future?
Investors’ irrationality deepens economic crises
Ewa RzeszutekBehavioural inclinations of managers, often leading to management errors on a microeconomic level, can accumulate, causing at least ineffectiveness, if not serious disruptions in the economy on a macro scale, thinks...
Between Tel-Aviv and Jerusalem, with shekels in your wallet
Paweł KowalewskiMost often we get to hear about the dollar, the euro or the Swiss franc. The pound will get a mention now and then, and sometimes the yen. The press often reports on emerging currencies, such as the Turkish lira, the Russian...
The Covid-19 pandemic has strengthened Poland’s position in global exports
Łukasz AmbroziakThere are two main factors that determined the robust performance of Polish exports during the pandemic: the greater product diversification of the Polish export sector compared to most EU member states and the relative...
Poland’s success
Harold JamesThe collapse of Soviet communism was a process that began in Poland, with the Solidarnosc movement eventually overcoming an oppressive and inhumane order. A powerful motivation in that drive was the desire to reconnect with...
Equitable growth is no simple matter
Maciej JaszczukThe last 20-30 years have been marked by significant progress in income convergence among EU Member States and Central and Eastern European countries have been on the forefront of this process. Meanwhile, taking a closer...
The complexity of civilisation is a sign of development
Maciej DanielewiczEconomic growth is underpinned by long-term technology trends. By observing them, we can make forecasts 20 to 30 years into the future. These days automation and digitalisation of the economy is key to growth: short term...
Beyond GDP: how to measure economic growth in the digital era?
Jakub GrowiecIn economists’ discussions we can sometimes hear that GDP is a poor measure of economic development and that we should look for a better one. Nevertheless, GDP is still widely applied in macroeconomic analysis, and...
British monetary policy since the financial crisis
William A. AllenInflation in Britain has remained well under control since the financial crisis. Monetary and government debt management policies have become much more closely connected, and it will be important to loosen the connection...
Experiences with conversion of loans denominated in Swiss francs
Paweł GąsiorowskiIs it necessary for central banks to support conversion of Swiss franc-denominated loans? Hungary, Croatia, and Romania all have different experiences in this regard. The outcomes observed in these countries show that...