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How much is the central bank’s guarantee worth?
Vedran ObućinaDuring 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
Michał KozakAccording 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
Filip BrokešIn 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
Sergei KuznetsovThe 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
Jan BaranThe 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
Marek Pielach“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
Paweł KowalewskiSo 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...
COVID-19 will lead to higher unemployment in Ukraine
Michał KozakThe lockdown measures have hurt both the Polish and the Ukrainian economy, but the strength of the impact is not the same. The long-term effects in the two countries will also be different. Unemployment may turn out to be...
Catching up with the “old” EU, but not quite there yet
Obserwator FinansowyThe difference in the consumption level in Poland and the EU average is narrowing. Polish incomes are lagging behind other EU member states, but the prices are also much lower. However, Romania is catching up with the more...
Central banks in March – the first reaction to the pandemic
Adrian PrzerywaczThe central banks of the world’s major economies responded relatively quickly to the economic and financial threats caused by the pandemic by using several measures. The goal was to ensure the availability of preferential...