Polish Abstract: Czy zróżnicowanie handlu ma znaczenie? Dlaczego niektóre kraje eksportują i importują wiele towarów, a inne mają bardzo skoncentrowane struktury handlu? Jakie są cechy produktów, którymi kraje handlują na różnych etapach rozwoju gospodarczego? Książka odpowiada na...

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...

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....

This article explains why the housing and commercial real estate market are in a permanent disequilibrium. The real estate market converges towards the equilibrium, but it changes due to credit constraints, expectations and the long investment process. The cycles on this market are much more...

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...

Usually, current Financial Crisis of 2008 is compared to the Great Depression of 1929. But there are some evidences that our current financial crisis has much more similarities and analogies to the crisis initiated by the panic in 1907. A brief analysis of both crises is presented. This analysis...

Inwestycje sa waznym zrodlem rozwoju przedsiebiorstw i gospodarki. Zaleza one od wielu czynnikow. Wedlug wiekszosci glownych szkol ekonomicznych istotnym czynnikiem wplywajacym na poziom i dynamike nakladow inwestycyjnych jest polityka monetarna. Glownym celem opracowania jest zbadanie wplywu...

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...