The foreword has been written by the doctrine's author, renowned macroeconomist Kenneth Rogoff of Harvard University and Chief Economist at the International Monetary Fund (2001-2003). The book addresses issues such as commitment to maintaining low and stable inflation, central bank independence and credibility, fiscal dominance and political influence, non-standard actions by central banks, expanding central bank mandates and responses to crisis phenomena.
The international authors of the book, edited by Prof. Etienne Farvaque (University of Lille) and dr hab. Piotr Stanek (Cracow University of Economics), include three researchers from the Department of International Economics: dr hab. Joanna Bogołębska, Dr Ewa Feder-Sempach and Dr Ewa Stawasz-Grabowska. Their chapter, titled "Gold Renaissance Among Central Banks: Can Gold Reserves Reduce Sovereign Credit Risk?", prepared in cooperation with Dr Bojan Pejovic (University of Montenegro), analyses the growing role of gold in the official reserve assets of central banks and its importance for the country's creditworthiness. This chapter is another work by the team, which has conducted many years of research in the area of safe assets.
