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.
How do we avoid each man and country for itself when we are faced with major energy insecurity as today? Not every country is able to be self-sufficient, so how do we avoid an elbowing race for resources?
In 1935, the Bank of Canada was entrusted by our federal government to centralize the production of bank notes. As Canada’s newly established central bank, one of our first orders of business was to issue a single currency...
Developments in recent years have shown how quickly events can change the way we perceive the world and our expectations of the future.
Russia’s government is doing all it can to evade Western economic sanctions, and at least some observers are positively impressed by its success.
It has been several weeks since the first news of Russian troops invading the sovereign territory of Ukraine shook the world.
Cash is a safe and highly liquid instrument for payment of goods and services and other transactions which is issued by a central bank.
Russia is a small country. From an economic perspective, that is. According to the IMF, the country’s GDP amounted to $1.7 trillion in 2021. That is barely 10% of the European Union’s GDP, or roughly the combined output...
We live in an era of urgency, where we have to cope with multiple crises at the same time. Europe is currently facing a major historical shock.
The Russian invasion of Ukraine has forcibly reshaped the psychological, emotional and geopolitical map of Europe. It is time for a reappraisal, including of what went wrong in the reconfiguration of Europe since the...
The past decade has taught the central banking community the important lesson that negative shocks can happen more frequently, and the time between the shocks may not be long enough to let central banks regain policy space.