Should Governors Be Worried?

Central banking has a three hundred-plus-years history. It would be quite a walk to do its full length. But, as some people decide to walk only part of the famous Camino de Santiago to find their spiritual e...Your Excellencies, honourable governors, ladies and gentlemen. I am deeply honoured and feel privileged to stand in front of you today to deliver the 2018 Ante Čičin-Šain lecture. Ante Čičin-Šain passed away exactly ten years ago.

Read more
Alternative text

The transition process – it’s all about people, isn’t it?

Numerous researchers have analysed in depth the transition process in terms of speed of reforms, their sequencing, results and possible outcomes, but rarely do we ask ourselves the simple questions like: Why...In a globalized world, information on living standards and developments of civil society and political freedoms from the neighbouring West could not be hidden any more from most transition economies, and discontent grew.

Read more
Alternative text

Cashless society and de-dollarization in Ukraine

The National Bank of Ukraine stepped on the track to a cashless economy aiming at reforming the financial system, improvement of the transmission mechanism, and reduction of the underground economy and corru...“Negative mirage” was first mentioned by Professor Robert Mundell (awarded a Nobel Prize in Economic Sciences in 1999) at his lecture in the Croatian National Bank Conference in 1996, Mundell, (1997).

Read more
Alternative text

Should Governors Be Worried?

Central banking has a three hundred-plus-years history. It would be quite a walk to do its full length.
Your Excellencies, honourable governors, ladies and gentlemen. I am deeply honoured and feel privileged to stand in front of you today to deliver the 2018 Ante Čičin-Šain lecture.Read more

Research function in NMP central banks: A personal account!

presentation-img

Research function in NMP central banks: A personal account!

Marko Škreb
CBM/IMF Workshop
Podgorica, 15-17 March 2006.

PP Presentation

The Transition Process – It’s All About People, Isn’t It?

Numerous researchers have analysed in depth the transition process in terms of speed of reforms.
Without elaborating the answer in detail, let me offer just one possible answer. Socialism (as defined in Kornai, 2000), the predominant system in countries where EBRD operates today, has imploded, has collapsed.Read more

Helping People by Whispering to Central Banks