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"Power security" is a term inevitably related to "risk" and "risk management". Sound risk management practices will not only lead to more financially stable performance of the power sector, but also to a more secure power system. In this article we comment on integrated risk management and its...
Persistent link: https://www.econbiz.de/10015219159
English Abstract: The Russian economy is caught in stagnation, but thanks to a skillful macroeconomic policy, the economy has stabilized. The current economic model is dualistic. On the one hand, the so-called systemic liberals are in charge of macroeconomic policy, which they pursue eminently....
Persistent link: https://www.econbiz.de/10012944945
This papers develops a dynamic factor models with regime switching to account for the decreasing volatility of the U.S. economy observed since the mid-1980s. Apart from the Markov switching capturing the cyclical fluctuations, an additional type of regime switching is introduced to allow...
Persistent link: https://www.econbiz.de/10004985175
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The purpose of the study was to identify factors which influence bank-firm relationships in Poland, herein identified with relationship banking. The results of empirical analysis have demonstrated that Polish firms readily establish single-bank relationships. The results of the econometric...
Persistent link: https://www.econbiz.de/10015234568
Increasing globalization contributes to the growth of the interdependencies between capital markets. This phenomenon is becoming a significant exogenous factors influencing the effectiveness of national economic policies and it impacts on the risk management processes at the microeconomic level....
Persistent link: https://www.econbiz.de/10012232449
convergence of regions, in this case the voivodeships. The aim of this paper was to validate the hypothesis about the process for … ß-convergence in the share of household expenditure on food in total expenditures. The research has allowed the … convergence, the article indicates household disposable income as a strong determinant of social convergence process in Poland …
Persistent link: https://www.econbiz.de/10012232227
'aboutissement d'un long processus de convergence. Le Système Monétaire Européen créé en 1979 visait déjà à établir une coopération …'ajustement. Néanmoins, la question est de savoir s'il existe une convergence des préférences des banques centrales. Pour répondre à cette … et mettent en évidence un processus de convergence de leurs préférences. …
Persistent link: https://www.econbiz.de/10008792344
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