The crisis has shown that a drop in liquidity, as well as the shortened maturity of interbank transactions, has caused many problems for banks. We analyze how the introduction of a bank levy on bank assets in Poland has affected the interbank market, as well as money market pricing. Analyzing...

Government bonds have always been a popular type of investment for banks. However, this trend has been further enhanced by the provisions of numerous banking regulations aimed at promoting investment in these securities. We empirically test the role of the fiscal incentive provided by Polish...

In this paper we examine the determinants of ex-ante state capture analyzing all the legal acts that have been passed in the period 1990-2011 in Poland. We find that during this the majority of legal acts were passed with the aim to satisfy the interest of particular groups. Furthermore, the...

The aim of this study was to examine the motives of foreign direct investment (FDI) of Polish enterprises. Our studies have confirmed that the market seeking and – to a lesser extent – resource seeking motives are most important for Polish companies investing abroad. The search for...