The ducat introduced in 1528 by King Sigismund the Elder can be considered as the first Polish zloty. Since then, even for ordinary people it is important what money they use to pay for things, says Marcin Madejski.
The Polish zloty entered into circulation almost 94 years ago, on April 1924. It replaced the Polish mark, which became devalued due to hyperinflation. This was the effect of the determination and currency reform of Władysław...
Yakiv Smoliy took over as the Governor of the National Bank of Ukraine (NBU) in mid-March 2018. His goals are, among others, low inflation and efficient banking system.
After a period of decline, the RUB in the beginning of 2018 to hit RUB56/USD and RUB70/EUR as oil prices passed the USD65 per barrel mark, making the Russian currency one of the best performing in the world this year.
Digital currencies issued by central banks could strengthen the effectiveness of monetary policy transmission, but at the same time they pose a threat to financial stability – writes the Bank for International Settlements (BIS)...
The Financial Stability Report prepared by Poland’s central bank, NBP, indicates that the Polish financial system is stable and that the level of risk has not changed significantly since the publication of the previous report.
The low fertility rate and increasing life expectancy are factors that should be taken into account in future monetary policy. We should therefore expect a decline in natural interest rates.
The economic policy leaders participating in the annual meetings of the IMF and the World Bank called on central banks to continue policies based on low interest rates.
We need a new model of economic growth to achieve the full convergence, says Zdeněk Tůma, the former governor of the Czech National Bank.
In a “new normal world” knowledge, human capital and R&D are sources of economic growth. FDI, productivity and EU funds are the elements of the past.