Editorial introduction

The opening article Climate crisis, central banks and the IMF reform by Anna Chmielewska and Andrzej Sławiński explores the role of central banking in containing the global climate change. [...]they recognise the potential of monetary institutions at the international level in this regard. [...]the paper advocates institutional reform that would gradually transform the International Monetary Fund into an international central bank and the SDR into a truly international currency. The empirical results are of particular interest to long-term equity investors and can be used in portfolio management. [...]the author recommends buying shares of companies that are strongly monitored and lack a controlling shareholder if the investor seeks to invest in dividendpaying stocks.