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.

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.

The end of the era of cheap public borrowing
Charles WyploszFor well over a decade, governments in the developed countries have been borrowing at very low interest rates, sometimes even at negative rates. This is going to end, and probably for a long while.

Will Sanctions Against Russia Reshape Global Refinance?
Eswar PrasadIn response to Russia’s invasion of Ukraine, the U.S. and other Western economies deployed a set of powerful financial weapons against Russia with remarkable speed.

The Economic and Monetary Union and 20 years of the euro
Mário CentenoTwenty years ago, the central banks of the euro area promoted the biggest currency changeover in history, reflecting a paramount decision towards greater economic integration of 12 democracies.

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...

Have Wages Stagnated for Decades in the U.S.?
Michael R. StrainIn the United States, it is conventional wisdom that wages have stagnated for decades.

The case for an energy NATO
Nicholas ButlerHow 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?

Towards a Digital Canadian Dollar: If, How, When
Scott HendryIn 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...

Uncertain times – implications for the EU’s economic and financial agenda
Stefan IngvesDevelopments in recent years have shown how quickly events can change the way we perceive the world and our expectations of the future.