English Abstract: The development of the Polish corporate bonds market resulted from changes on the supply side. When the Lehman Brothers went bankrupt, Polish entrepreneurs realized that financing their companies' operations only with the use of credit, even if contracted from different...

English Abstract:The article aims to analyse selected components of one of the tools of orderly restructuring and liquidation of financial institutions, namely the conversion of equity or debt write-down tool (bail-in). The presented breakdown shows the variety of approaches to defining bail-in...

I estimate a single factor model of Swiss exchange rates during World War I for five of the primary belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war these nations suspended convertibility of their currencies into gold with the promise that after the...

The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the period 2003-2011; it was found a negative correlation. An analysis was undertaken for the relation between the rate of corporate failure in Poland and the rate of change of overall...

The entire market of Polish financial broker-dealer was examined. The research was conducted on the first year of implementation of the capital requirements disclosure. There was identified a relation between accounting and supervisory disclosure requirements. A relation between audit opinions...

In the presented paper, the author tried to introduce a new initiative in risk assessment of companies' financial difficulties, which arise in the RMI CRI in Singapore under the guidance of prof. Jin-Chuan Duan. This initiative and proposed based on Poisson process theoretical model is available...

The introduction of the euro was one of the most important events in the process of European integration, especially in the financial sector. However, next to its many advantages, the joint currency and single monetary policy increased the probability of property bubbles in the EU low income...

The main purpose of this article is to prove that prices of selected metals quoted at London Metal Exchange could be described as biased random walks. In this paper hypothesis of black noise character of returns is verified (sequences are observed more frequently than reversals). Exploiting...

Celem artykulu jest przedstawienie ewolucyjnych zmian, jakie zaszly na rynku finansowym w Chinach, a ktorych katalizatorem byly zaburzenia na globalnym rynku finansowym. Zmiany te byly wynikiem zarowno dzialan antykryzysowych ze strony polityki makroekonomicznej podjetych na poczatku kryzysu,...