China " equity-markets " financial-liberalization " globalization " long-term-forecast " US " I love long-term forecasting. As opposed to forecasting inflation one year out, when after 12 months everybody can verify whether you were right or wrong, forecast going 10
Poland Economics, Marketing, Finance
Central banking goes global - TAF measures and CB swap facility
12.12.2007 22:20 rybinski.eu
confidence " crisis " ECB " Fed " liquidity " monetary-policy " mopping-up " preemptive-move " swap " It is the 21st century indeed. Phillips curves became flat, inflation is a global phenomenon, financial market is global and ensuring its
Poland Economics, Marketing, Finance
From Greenspan put to SWF bid
11.12.2007 19:53 rybinski.eu
Abu-Dabi " Citigroup " globalization " intangible-century " monetary-policy " recession " Singapore " SWF " UBS " Large western financial institutions which suffered huge losses in the subprime markets have been able to raise additional capital by attracting investors
Poland Economics, Marketing, Finance
Oil cannibalism
09.12.2007 22:19 rybinski.eu
cannibalism " demand " globalization " industrialization " oil " oil-exporters " supply " When a company launches a product that is in direct competition with its other products then we talk about product or brand cannibalism. In recent NYT
Poland Economics, Marketing, Finance
FAO reports add to agflation worries
09.12.2007 19:43 rybinski.eu
agflation " disasters " FAO " globalization " inflation-expectations " liberalization " monetary-policy " trade " I have been following with a rising concern the news about rising food prices. Two recent reports from FAO ( www.fao.org ) show that
Poland Economics, Marketing, Finance
China strategy to build intellectual capital in finance
09.12.2007 15:57 rybinski.eu
China " finance " globalization " intellectual-capital " IPO " joint-venture " strategy " Financial Times informs about US-Chinese financial joint ventures that will underwrite local IPOs. The story is attached at the end of this post. Chinese authorities take
Poland Economics, Marketing, Finance
Poland and euro - panel speech
26.11.2007 17:34 rybinski.eu
agflation " emu " ERM2 " gordian-knot " migration " monetary-policy " I made a speech about "Poland and euro" at the seminar today. Conclusions are below: "According to official government and NBP forecasts Poland will fulfill all eurozone entry
agflation " central-bank " convergence " credit-boom " emu " migration " mission-impossible " monetary-policy " NBP organized the conference "Monetary Policy Challenges Resulting from the Rapid Credit Growth in Converging Economies". I had a speech outlining challenges on the
Poland Economics, Marketing, Finance
The Role of Banking and Financial Policies in Promoting Micro, Small and Medium Enterprises
02.11.2007 13:06 rybinski.eu
financial-development " globalization " government-intervention " growth " information-asymmetry " monetary-policy " SME " We (Piotr Cizkowicz and Krzysztof Rybinski) have just written a paper on the role of banking and financial policies in promoting small and medium size companies.
Poland Economics, Marketing, Finance
Chinafrica
31.10.2007 16:44 rybinski.eu
cross-border-flows " globalization " Nigeria " private-equity " I have been arguing for a long time that Chindia is not the right buzzword for the 21st century. CHINAFRICA is the right word. You can type Chinafrica is my blog search
Poland Economics, Marketing, Finance
Trade human ecological footprint, create fuel-innovation fund
27.10.2007 17:20 rybinski.eu
globalization " human-ecological-footprint " hydrogen " incentives " pollution " taxes " EU observer has an article on France backing European Commission idea to tax exports from countries that are heavy polluters. A quote: " France has thrown its support
Poland Economics, Marketing, Finance
CEE central banks' dilemmas
27.10.2007 12:28 rybinski.eu
agflation " CEE " central-bank " competitiveness " eurozone-accession " gordian-knot " migration " monetary-policy " oil-prices " The coming years may prove challenging for the central banks in EMU-graduation zone. There are several reasons why: Agflation. Food prices are
Poland Economics, Marketing, Finance
Look up, world is moving faster than you think
24.10.2007 22:34 rybinski.eu
China " global-warming " globalization " Korea " melting-ice " Moon " Norway " satellite " takeover " I think that one should read the following three articles written in the last few days, as they jointly indicate that the
Poland Economics, Marketing, Finance
Gordian knots of the 21st century
22.10.2007 23:03 rybinski.eu
aging " Bretton-Woods " China " Chinafrica " ecological-footprint " financial-markets-hegemony " global-warming " globalization " gordian-knot " migration " natural-disasters " protectionism " sovereign-wealth-funds " Washington-consensus " We (Pawel Opala and Krzysztof Rybinski) wrote a paper on Gordian knots
Poland Economics, Marketing, Finance
Limity dla OFE i rozwój infrastruktury rozliczeniowej
16.10.2007 23:25 rybinski.eu
bąbel " giełda " infrastruktura " nadzór " nieruchomości " OFE " Dzisiaj na konferencji organozowanej przez KDPW miałem wystąpienie, w którym między innymi poruszyłem kwestie limitów dla OFE oraz przedstawiłem wizję rozwoju infrastruktury rozliczeniowej opracowaną w NBP. Tekst wystąpienia
Poland Economics, Marketing, Finance
South America creates regional bank, yet another sign of ending Bretton Woods era
09.10.2007 19:25 rybinski.eu
Banco-del-Sur " bank " Bretton-Woods " globalization " South-America " Venezuela " Bloomberg has a story on seven countries (Brazil, Argentina, Paraguay, Uruguay, Bolivia, Ecuador and Venezuela) creating South American bank - Banco del Sur. It is importnant to note,
Poland Economics, Marketing, Finance
Interesting articles: SWFs and CBs cutting dollar, Africans Chinese dream
06.10.2007 22:04 rybinski.eu
Africa " China " dollar " globalization " reserves " SWFs " Telegraph article on Vietnam and Quatar reducing US dollar share in foreign exchnage reserves, a quote: "The Saigon Times said this morning that the State Bank of Vietnam
Poland Economics, Marketing, Finance
XO laptop will cost $200
05.10.2007 23:07 rybinski.eu
cheap-laptop " e-economy " NYT article on XO laptop launch in November, with amazing features costing only $200. Quote: " In November, you'll be able to buy a new laptop that's spillproof, rainproof, dustproof and drop-proof. It's fanless, it's silent
Poland Economics, Marketing, Finance
Interesting articles: UK government funds innovation, UK housing problems
05.10.2007 23:07 rybinski.eu
e-economy " government " housing " innovation " UK " Guardian article on UK government plan to fund innovation, a quote: "The government today pledged to spend £1bn over the next three years promoting scientific and technological innovation by British
Poland Economics, Marketing, Finance
Meaningless Europe?
24.09.2007 20:30 rybinski.eu
China " Chinafrica " Chindia " Europe " globalization " intellectual-capital " vision " I have just finished writing a paper called Meaningless Europe? Comments very welcome. Summary and link below Krzysztof Rybinski Meaningless Europe? Summary Many economists, politicians and