Articles in 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.
Germany still divided
After 30 years since the German reunification, the five former east German states still lag behind their western neighbors in terms of GDP per capita and in several other economic indicators. The hopes are that the...
The effectiveness of anti-crisis measures depends on trust
The outbreak of the pandemic has led to the introduction of unprecedented anti-crisis fiscal and monetary policy measures aimed at supporting economic activity and the stability of the world financial system. Their...
Turbulent times call for unconventional monetary policy
A lot is being said and written about the central banks’ reactions to the crisis caused by the coronavirus pandemic. However, much less attention is paid to whether and how the crisis affected the central banks themselves.
How much is the central bank’s guarantee worth?
During 2019, there was a significant change in the monetary policy of central banks in the United States and the Eurozone. As monetary policy strongly influences economic developments, this has caused a significant change in...
Ukrainian economic migrants caught in the COVID-19 trap
According to official data, during the first month of the pandemic approximately 400K economic migrants returned to Ukraine. The biggest group of Ukrainian migrant workers, reaching 180K, came back from Poland.
Malta’s opaque financial system
In the OECD report on countries’ compliance with international tax standards Malta was downgraded from “largely compliant” to “partially compliant”, making the island country the least cooperative EU member state...
Belarus loses access to multinational funding
The political turmoil in Belarus has closed the government’s access to loans from western multinational lenders, and made new borrowing on the international debt market extremely expensive. Moreover, from now onwards,...
The today’s collapse of foreign trade vs. the financial crisis
The COVID-19 pandemic has caused a deep decline in a foreign trade turnover. Although data on the scale of this collapse are still being collected, forecasts suggest that the decline in the volume of world trade will...
A V-shaped recovery is possible, at least for the time being
“Companies surveyed about this issue suggest that in its first stage the rebound could even be V-shaped, as we don’t see any damage to the supply side of the economy” – says Piotr Boguszewski, PhD, who is responsible...
The history of the Bank of England
So far, no one had the courage to take a look at the times when the United Kingdom was trying to find its place in the post-imperial era, because of the difficulty of this task. Finally, however, it was taken on by Professor...