Department of Central Banking and Financial Intermediation

The subject of interest of the researchers of

the Department of Central Banking and Financial Intermediation concentrates on

finance, but it is very broad and diverse.

In terms of subject comprises:

• commercial and central banking,
• public finance, behavioral finance, corporate finance,
• money and capital markets.

By subject comprises:

• buyers and sellers (issuers, investors, small and medium-sized enterprises, health care entities, individuals, especially those aged 60+),
• financial intermediaries (banks, insurance companies, mutual funds, SKOKs, leasing and factoring companies.

Financial advisors, credit intermediaries,

bancassurance participants.

We consider the most up-to-date topics on

issues such as:

• corporate social responsibility,
• pro-consumer changes in the financial market, protection of consumer interests (BFG)
• social and ethical context of banking activities (excessive interest rates, excessive debt responsible lending).

Within the macroeconomic approach, we are

interested in the sustainability and evolution of the mechanisms of financial

markets, the impact of monetary policy on the economy. We address issues

concerning the impact of central bank policy on the stability of the financial

system, the coordination of monetary and fiscal policy (policy mix). The

subject of analysis is also the instrumentarium and its effectiveness used in

monetary policy by the central bank.

Within the microeconomic approach: the impact

of foreign direct investment in Poland, the competitiveness of the Polish

economy, mechanisms of influence on customers of financial markets

(rationalization of budget revenues), evaluation of the performance of

investment funds (index and active), analysis of investors' preferences, risks

and inclinations (how to design adequate financial products) and the importance

of behavioral factors in financial decisions, (how to match products to

investors' needs and preferences).

 

The Department of Central Banking and Financial

Intermediation carries out research and teaching projects.

Research projects carried out by the

Department's researchers:

• “Coordination of Monetary and Fiscal Policies in the Study of Monetary-Fiscal Interactions Based on Game Theory - Analysis on the Example of the European Union Countries”
• “Coordination of monetary and fiscal policy in the study of monetary and fiscal interactions based on game theory - an analysis on the example of European Union countries” funded by NCN (UMO-2017/26/D/HS4/00954) - supervisor Prof. Dr. Joanna Stawska.
• “Seniors at Risk”
• Teaching projects carried out by the Department's researchers:
• "Universities to Schools - about finance with the NBP. Finance. I know and understand"
• Student Finance Clinic

The Head of the Department is Prof. Dr. Iwona

Dorota Czechowska,