Articles in 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.
EU versus Big Techs
In early December, the European Commission (EC) will introduce a set of new rules in areas ranging from the transparency of algorithms and content moderation to online advertising. The Digital Services Act (DSA) and Digital...
The mandates of central banks
One 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...
Insurance will not solve the effects of climate change
The increasing occurrences of weather anomalies make it necessary to introduce solutions that will reduce the damage caused by extreme climate events, which are hitting agriculture particularly hard. Without them, it is only...
Despite the crisis central banks must remain independent
In 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...
Innovation in the time of crisis
The crisis caused by the coronavirus does not create favorable circumstances for changes in business operations. Most managers seek to maintain their current levels of activity and to limit the possible losses. But the...
Reversal of the demographic trends on the Polish labor market
The influx of economic immigrants to Poland in recent years is a phenomenon which has no precedent in the modern history of Poland, and which could be a signal of important changes taking place in the other countries of...
Germany still divided
After 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
The 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
A 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?
During 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...