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.
Croatian road to the euro: Test driving the new ERM II setup
Boris VujčićA quip on Balkans producing more history than it can consume, famously but incorrectly attributed to Churchill, is a good description of the Croatian history towards the end of the 20th century. However, at the turn of the...
How Can the War End
Harold JamesThe complete shutdown of gas deliveries through Nord Stream 1 is an indication of how desperate the Russian leadership has become. There is now no path to military victory, but a clear chance that intensified economic...
A brave new world of payments – the role of central banks
Thomas J. JordanRecent years have seen important changes in the payments landscape. Cash usage has been declining in many countries for some time, and this trend has accelerated during the pandemic.
Ukraine – the evil we are witnessing cannot be allowed to triumph
Gordon BrownNo country has done more than Poland to support the people of Ukraine and especially those driven from their homes by President Putin’s unprovoked aggression.
Building a resilient and sustainable economy along with today’s energy price boom
Pierre WunschThe adjustment towards a decarbonised economy is being challenged by booming energy prices linked to the geopolitical tension on Europe’s eastern border.
We are able to contain inflation
Obserwator FinansowyI think that we are able to contain inflation by hiking interest rates. There is always very kind of… for a small open economy like Iceland, and Poland is to some extent too, also an open economy. The currency market...
Globalisation constantly evolves
Obserwator FinansowyWell, there is such a saying – the only constant thing in this world is change. And that’s how I also see this very broad question on globalisation. Even if nothing happened, even if we had no pandemic war against...
Every time monetary policy has some lag structure
Obserwator FinansowyIn fact, it’s only the central banks that can fight inflation in a proper manner and there is a lot of discussion going on all over the world and especially in Europe on how governments could address inflation....
Sustainability & climate change – a more delicate balancing act
Constantin Mugur IsărescuThe economy and financial system worldwide saw major transformations in the past decades, boosted by globalization and digitalization or reshaped by key inflexion points such as the 2008 financial crisis, the COVID-19...
We must react cautiously and flexibly to rising inflation
Obserwator Finansowy“Our measures are an attempt to limit secondary effects, so that – when the negative supply shocks disappear – inflation will also decline rapidly,” says Mārtiņš Kazāks, Governor of Latvijas Banka and member of...