Department Of Central Banking And Financial Intermediation

1 October 2006 - Rector's Order 89/2006 established the Department of Central Banking and Money Market.

since 1 October 2012 - Rector's Order 18/2012 under the name of the Department of Central Banking and Financial Intermediation (KBCIPF).

The Head of the Department is dr hab Iwona Dorota Czechowska, Prof. UŁ.

The following people have worked or are still working at the KBCiPF:

• Dr Maciej Dykto (until 2013)
• Dr Joanna Stawska (since 2012)
• Dr Maria Kurowska (since 2013)
• Dr Radosław Witczak
• Dr Wojciech Zatoń (since 2010)
• Marcin Ziankowski, M.Sc. (since October 2014)
• Dr Aneta Tylman
• Dr Magdalena Ślebocka
• Mgr Jacek Zawirski
• Dr Grzegorz Szafrański (since October 2017)
• Mgr Kornel Kot (since February 2018)
• Tomasz Florczak, M.Sc. (since October 2018)
• Marta Paduszyńska, MA (since November 2018)
• Paulina Rataj, MA (from October 2019)
• Robert Matusiak, MA (from October 2020)

The subject matter of interest of the staff of the Department of Central Banking and Financial Intermediation revolves around finance, but is very broad and varied.

In terms of subject matter:

1. commercial and central banking,
2. public finance, behavioural finance, corporate finance,
3. money and capital markets.

In terms of subjects:

1. buyers and sellers (issuers, investors, small and medium-sized enterprises, health care entities, individuals, especially those aged 60+),
2. financial intermediaries (banks, insurance companies, investment funds, SKOKs, leasing and factoring companies.
3. financial advisers, credit intermediaries, bancassurance participants.

We consider the most up-to-date topics to be topics such as:

1. corporate social responsibility,
2. pro-consumer developments in the financial market, protection of consumer interests (BFG)
3. the 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 instruments and their effectiveness used in monetary policy by the central bank are also analysed.

Within the microeconomic approach: the impact of foreign direct investment in Poland, the competitiveness of the Polish economy, mechanisms of influencing clients of financial markets (rationalisation 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 behavioural factors in financial decisions, (how to match products to investors' needs and preferences).