DEFINITIONS

In broad simplification, one may say that there are significant differences between the databases stored in each person’s mind, caused by the work they do every day, their education, their place in society, and so on. On their own, hardly any individual will possess sufficient knowledge for a full analysis of a complex problem. Most of us will also see the problem only from one—our own—perspective. Yet each of us will want to prove, during a discussion, that “I am right.”

Read More »Problem Analysis – the Formation of a View

Loan agreements that are indexed, valorized or denominated—in contrast to PLN loans or classic foreign-currency loans, which are taken out and repaid in the same currency—stipulate in their clauses that the amount of the disbursed loan and the amount of the repaid debt are in different currencies. This means that at the moment the contract is signed, the amount of capital to be repaid is not unambiguously determined in the currency in which the loan is taken out. On this site I use the terms two-currency loans, pseudo-Swiss-franc loans, and loans indexed or valorized to a foreign currency interchangeably.