179th mBank – CASE Seminar Proceedings: Economic Scenarios for Poland
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Michał Brzoza-Brzezina
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Witold M. Orłowski
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Jakub Karnowski
Articles from this author:
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172nd mBank-CASE Seminar Proceedings: The growing public debt and the associated risks
The mBank-CASE Seminar Proceedings No. 172 “The growing public debt and the associated risks” consists of two articles: “The increasing risk of sovereign insolvency and a new global financial crisis in the post-COVID-19 era” authored by Marek Dąbrowski, and “Will Poland fall into the debt trap?” authored by Jakub Karnowski and Marek Rzońca. … Continued
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172nd mBank-CASE Seminar Proceedings: The growing public debt and the associated risks
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Andrzej Rzońca
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Ewa Balcerowicz
Chairwoman of CASE Supervisory Council (July 2008-present) and mBank-CASE Seminars Project Manager
Articles from this author:
- 182nd mBank-CASE Seminar Proceedings: Polish and Ukrainian Agriculture in a Common Europe
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180th mBank-CASE Seminar Proceedings: BNPL: Buy Now Pay Later. Deferred Payment– An Established Idea Gaining Traction
The publication examines the growing popularity and implications of the Buy Now, Pay Later (BNPL) financial model in Poland and globally. It features expert analyses and discussions from a seminar held on March 14, 2024, including insights from key players like PayPo, PKO BP, and the Credit Information Bureau (BIK). The publication focuses on: BNPL Evolution and Success: Originating in Sweden, BNPL has transformed global online shopping, offering deferred payment options as an alternative to credit cards. Poland's BNPL market, still in its infancy, shows rapid growth due to firms like PayPo, Twisto, and Allegro Pay. Comparison with Credit Cards: Unlike credit cards, BNPL offers simpler, targeted transactions that resonate with younger demographics and more women. It avoids the complexities and high fees associated with traditional credit cards, fostering higher adoption rates. Polish Market Dynamics: By the end of 2023, nearly 2 million Poles had used BNPL, representing 12% of active borrowers. PayPo leads the market with innovative features, while PKO BP introduces seamless banking integration for deferred payments. Challenges and Growth Potential: Despite its success, establishing a universal BNPL business model remains challenging. However, its consumer-centric approach signals continued growth, especially as it aligns with modern purchasing behaviors. The report provides a nuanced understanding of how BNPL reshapes financial landscapes, blending fintech innovation with traditional banking.
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Summary of the 182nd mBank-CASE Seminar
The seminar discussed the challenges and opportunities related to the integration of Ukrainian agriculture into the European market, a process that became particularly important after Ukraine started its EU accession process. Both Polish and Ukrainian agriculture share common traits, such as high food self-sufficiency levels and significant economic importance. However, there are notable differences—Ukraine has far larger agricultural resources, though its agricultural sector is underfunded, while Poland has made considerable progress due to EU support. A key concern is the risk of excessive competition between countries, which could harm European farmers. Experts emphasized that the development of Ukrainian agriculture should be based on synergy, and the accession process will require long-term negotiations and transitional periods. Differences in export structures were also discussed—Ukraine focuses on agricultural raw materials like grains and oils, while Polish exports are more diversified. The Common Agricultural Policy (CAP) will need to be reformed to support the agricultural sectors of both countries in a sustainable way, considering new challenges and promoting environmentally friendly practices.