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.
President of NBP: the banking system is functioning in a stable manner and will continue to do so
Maciej Danielewicz“NBP analyses show that despite the huge scale of the shock during the pandemic, the losses and the uncertainty, the banking system as a whole is functioning and will function in a stable manner,” assured the President...
Assessment of Europe 2020 strategy
Vedran ObućinaBy the end of the 1990s, the EU focused on modern sources of economic growth, which were largely based on investments in R&D and education. The key motives came from the challenges of globalization processes and the new...
The Troika changes its mind
Jakub SawulskiInternational Monetary Fund (IMF) calls to increase public investment to boost the recovery. The European Commission, World Bank and OECD representatives are saying the same. There is a change in the opinions of Troika and...
Gold is back in favor
Piotr RosikGold has once again become a safe haven for investors. However, a return to the gold standard is a scenario that is unlikely to materialize – says Krishan Gopaul, Market Intelligence Analyst at the World Gold Council...
The mandates of central banks
Joanna NiedźwiedzińskaOne of the fundamental issues related to the activity of central banks is the wording and the meaning of their mandates. A thorough examination of these mandates is important and should enable us to assess the validity of...
Despite the crisis central banks must remain independent
Vedran ObućinaIn October 2020, central bankers from the Western Balkans discussed monetary policies and financial stability in the COVID-19 era, as well as the financial sector's response to the corona crisis during their meeting in...
Germany still divided
Filip BrokešAfter 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
Milena KabzaThe 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
Paweł KowalewskiA 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?
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...