The aim of the article is to present the current state of efforts to reform financial market indexes, with a particular reference to how the proposed changes would affect the money market. Financial market indexes must be reformed under a Regulation of the European Parliament on indices used as...

The paper presents examples of application of error correction models (ECM) in forecasting daily changes of market volatility recorded on currency options markets in Poland, Hungary and South Africa. The models are based on the observed correlation between daily changes of spot rates and daily...

As a result of the crisis of confidence in the financial markets caused by events that took place in the years 2007-2008 and later fiscal problems in the peripheral countries of the European Union, banks lost their ability of refinancing based on unsecured interbank deposits. This contributed to...