DEPARTMENT OF FINANCE AND FINANCIAL POLICY
Head of Department: dr hab. Anna Moździerz, Professor at Krakow University of Economics
Department Secretariat: M.A. Katarzyna Michalska, office 707, phone: +48 (12) 293 53 69
The Department of Finance and Financial Policy was established as a result of the transformation of the Department of Finance in the academic year 2019/2020. Since 1 October 2020, the head of the Department has been Dr hab. Anna Moździerz, Professor at the University of Economics in Krakow. The research activities undertaken by the Department’s staff focus on phenomena and processes within the domains of fiscal policy, monetary policy, and the financial sector. In particular, the Department’s researchers analyse the institutional determinants and mechanisms underlying the functioning of financial systems. A key objective of this research agenda is the identification, in-depth analysis, and critical evaluation of institutional transformations occurring within the Polish financial system.
The academic paper addresses the following research areas:
- The evolution of regulatory systems in the financial sector
- Assessment of the effects of public finance decentralisation in Poland
- The functioning of the European Union budget
- Fiscal consolidation in European Union countries
- The system of state aid for European Union enterprises
- Cooperative banking in Poland and other European countries as an integral part of financial systems
- Risk management in financial institutions
- Consolidation in the financial market
- Efficiency and competitiveness in the banking sectors of Central and Eastern European countries
- Relations between banking (including mortgage banking) and the capital market
- Institutions and instruments for financing real estate investments
History of the Department
Financial sciences have been present at the University since its establishment in 1925, although at that time they did not function within a separate organisational unit. A distinct unit devoted to this discipline was first created in 1947 under the name Treasury Department, headed by Prof. Stefan Bolland. In 1949, two additional departments were established: Banking I and Banking II.
Following the transformation of the Academy of Commerce into the University of Economics in 1950, these three departments were consolidated into the Department of Finance and Credit, which in 1958 was renamed the Department of Finance. In 1950, the Department was headed by Prof. Feliks Młynarski, while in the years 1951–1969 this function was performed by Prof. Stefan Bolland. In 1968, the Department of Finance was reorganised into the Institute of Finance. Prof. Stefan Bolland served as director of the Institute until 1972, and from 1972 to 1989 the position was held by Prof. Roman Domaszewicz. From 1989, i.e. from the retirement of Prof. Roman Domaszewicz, until the closure of the Institute of Finance in 1992, the function of director was performed by Prof. Franciszek Skalniak.
Since 1993, Prof. Stanisław Owsiak has headed the Department of Finance at the University of Economics, and from the 2007/2008 academic year, at the University of Economics in Krakow. In 2016, Prof. Maria Kosek-Wojnar was appointed head of the Department of Finance at the Faculty of Finance and Law of the Cracow University of Economics (CUE). In the 2019/2020 academic year, the Department of Finance was renamed the Department of Finance and Financial Policy. As a consequence of changes in the organisational structure of the University of Economics, two units previously operating within the Department’s structure—the Department of Financial Policy and the Department of Financial Institutions—were dissolved. Since 1 October 2020, the Department of Finance and Financial Policy has been headed by Prof. Anna Moździerz, PhD.