scholarly journals “Digital transformation leads to new jobs creation with higher wages.” = Interview with Boris Vujčić, Governor, Croatian National Bank

2021 ◽  
Vol 16 (1) ◽  
pp. 5-7
Author(s):  
Tamás Pesuth
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Digital Transformation ◽  
International Monetary Policy ◽  
National Bank ◽  
New Jobs

This year the Lamfalussy Award was received by Boris Vujčić, Governor of the Croatian National Bank. The Lamfalussy Award, established by the National Bank of Hungary is dedicated to recognise exceptional international achievements influencing international monetary policy. We are honored to be able to conduct the following interview with Governor Vujčić, that can help us to better understand the economic policy and thinking in our region, in Central and Eastern Europe.

scholarly journals Monetary policy change of the Central bank of Poland

2015 ◽  
Vol 15 (3) ◽  
pp. 246-259
Author(s):  
Ireneusz Kraś
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Central Bank ◽  
Policy Change ◽  
Financial System ◽  
Financial Statements ◽  
Democratic Character ◽  
National Bank ◽  
The Republic ◽  
The Government

Abstract The National Bank of Poland is an institution which, in conjunction with the government is responsible for the implementation of country’s economic policy reinforces its democratic character. Provisions of its operation are governed by the Constitution of The Republic of Poland and by the Act on the National Bank of Poland. To this end, the objective of the present research is to analyse the proposed amendments in the Act on the NBP. The latter concerns the amendment procedures, term of office and the rotations and numbers of Monetary Policy Council. The remaining part of the analyses is dedicated to the issue of dismissal of a MPC’s member in conjunction with the prohibition of occupying other positions, the adoption of the NBP’s financial statements and the separation of instruments of monetary policy’s instruments for stability of domestic financial system. Introduced changes in the proposed draft reduce the independence of the NBP while making it more subject to the Cabinet. Following the result of further consultations on the draft of Act on the NBP, provisions which reduce the independence of the NBP shall be partially removed.

scholarly journals Nation Branding as an Economic Challenge for the Countries of the Middle and Eeast Europe on the Example of Estonia

Equilibrium ◽  
2012 ◽  
Vol 7 (4) ◽  
pp. 49-59 ◽  
Author(s):  
Magdalena Raftowicz-Filipkiewicz
Keyword(s):  
Economic Policy ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
International Competitiveness ◽  
Nation Branding ◽  
The Other ◽  
Foreign Direct Investments ◽  
National Brand ◽  
Complementary Factor

This paper presents the topic of nation branding, which is considered as a complementary factor of the traditional economic policy implemented in a given country. The concept of branding aims at creating a strong national brand for improving the brands of national products, as well as the image of the country which influences the attraction of foreign direct investments and increase the export. The example of Estonia attempts to prove that the actions for national brand changed positively the image in this country, as well as the competitiveness of the economy. For this purpose the author used the ranking of national brand and international competitiveness. The author also set as a goal to recognize if the concept of nation branding can be useful for the other countries of Central and Eastern Europe, especially Poland. The conclusion of this paper is that nation branding is an economic challenge for these countries and should be implemented as soon as possible in their strategies of country’s development.

scholarly journals Interest Rate Policy Of Selected Central Banks In Central And Eastern Europe

2015 ◽  
Vol 18 (1) ◽  
pp. 25-41
Author(s):  
Tomasz Grabia
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Central Banks ◽  
Theoretical Description ◽  
Interest Rate Policy ◽  
National Bank ◽  
Rate Policy ◽  
Economic Growth Rates

The aim of this article is to present and evaluate interest rate policies of three selected central banks in Central and Eastern Europe (Poland, the Czech Republic, and Hungary) from 2001 to 2013. The study consists of an introduction (Section 1) and three main parts. The introduction contains a theoretical description of the role of interest rate policy, the dilemmas connected with it, as well as an analysis of the strategies and goals of monetary policies of the National Bank of Poland (NBP), the Czech National Bank (CzNB), and the National Bank of Hungary (NBH) in the context of existing legal and institutional conditions. In turn, the first empirical part (Section 2) examines how the analysed central banks responded to changes in inflation, unemployment, and economic growth rates. The tools of the analysis are the nominal and real interest rates of those banks. The subsequent research part (Section 3) attempts to evaluate the degree of the contractionary nature of interest rate policies in specific countries in the context of the Taylor rule. The text ends with a summary (Section 4) encompassing concise conclusions drawn from the earlier analyses.

scholarly journals THE SCOPE OF FUNCTIONS AND STRENGHT OF INSTITUTIONS IN ECONOMIC POLICY OF THE EU MEMBER STATES FROM CENTRAL AND EASTERN EUROPE. CONCEPTION OF ANALYSIS

Ekonomika ◽  
2011 ◽  
Vol 90 (1) ◽  
pp. 7-21
Author(s):  
Ireneusz Jaźwiński
Keyword(s):  
Economic Policy ◽  
Eastern Europe ◽  
Socioeconomic Development ◽  
Central And Eastern Europe ◽  
Economic Policies ◽  
Member States ◽  
Eu Member States ◽  
Economic Development And Growth ◽  
International Comparative ◽  
The Eu

The manner of conducting economic policy determines various phenomena and socio-economic processes, including economic development and growth, to a considerable degree. A significant role in economic and social sciences is attributed to international comparative studies. The aim of the study was introduction of the conception for analysis of the scope of functions and strength of institutions on an exampleof the national policies of the EU member states from Central and Eastern Europe.The paper introduces the selected dimensions of economic policy in the EU member states from Central and Eastern Europe. On the basis of the use of existing indices, the measures of these dimensions are proposed. Also, elements of the typology of economic policies of these countries considering the selected policy dimensions are presented.The analyses show that there are differences among national economic policies of particular states of Central and Eastern Europe. From the standpoint of economic policy and its dimensions, the situation is most favourable in countries with the most powerful institutions: the Czech Republic and Estonia. It is crucial to strive after improvement of the quality of institutions in individual states, which should result in a faster socioeconomic development and an increased efficiency of the public authorities.

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