The Central Bank of Poland has published a book by Governor Adam Glapiński, “The Polish zloty and the independence of Narodowy Bank Polski as the foundations of economic development”, setting out the case for retaining the Polish zloty and maintaining central bank independence as key supports for economic development and stability. The publication is structured in two parts. The first discusses risks associated with adopting the euro and argues that independent monetary policy and a floating zloty exchange rate help sustain macroeconomic stability. The second examines the importance of central bank independence in maintaining long-term price stability. The book draws on Narodowy Bank Polski materials and includes external academic endorsements describing it as a comprehensive analysis and recommending it for use as supplementary teaching material.
Central Bank of Poland 2025-12-05
Central Bank of Poland publishes Governor Glapiński’s book on euro adoption risks and central bank independence
The Central Bank of Poland released a book by Governor Adam Glapiński advocating for the retention of the Polish zloty and central bank independence as pillars of economic development. The publication highlights risks of adopting the euro, emphasizing the benefits of independent monetary policy and a floating exchange rate for macroeconomic stability, and underscores the role of central bank independence in ensuring long-term price stability.