Download or read book Recent Developments in the Polish Capital Market written by Wojciwech Wadolowski and published by . This book was released on 1995 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Understanding the Polish Capital Market written by Marek Dietl and published by Taylor & Francis. This book was released on 2022-12-30 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first stock exchange in Warsaw – capital city of the Kingdom of Poland– was established in 1817. Over the past 205 years, the fortunes of the capital market have been closely linked to the "bumpy road" of Polish history. The establishment of the GPW Warsaw Stock Exchange in 1991 was a landmark for transformation from a centrally planned communist economy to a market-driven capitalist one. Since the doors of the exchange reopened, Polish GDP per capita (current USD) increased eight times, translating into an average yearly growth rate of over 7%. The capital market has played a pivotal role in the economic success of Poland over the last three decades. It is not easy to precisely quantify the impact, as it was rather a spill-over effect. Economic growth has fostered the development of a capital market, and more efficient conversion of savings to investments via the capital market. The excellence of capital market institutions can be gauged with reference to various parameters. A synthetic measure is so-called market status. According to FTSE Russell (global index provider), Polish capital attained developed market status in 2018, being the first and only post-communist state to do so. It is fair to say that transformation has been completed and developed market status indicates clearly that the institutions and regulations are world class. The current challenge is competing with other developed markets for the best issuers and offering the most demanding investors an excellent trading experience. This book offers scientific insight into the Polish capital market story. Authored by a group of renowned scholars, with contributions aspiring to the highest academic standards for theoretical considerations and empirical research. The book covers various topics, including links between monetary policy and capital markets, micro and macro market structures, and investors and issuers' behaviour and strategies. All chapters are rooted in contemporary finance theory, supported by various econometric models based on the most recently available data. The book aims to provide academics and practitioners insight into the Polish capital market, appealing especially to those interested in gaining a deeper understanding of emerging markets' successful transformation into developed ones. It can also be used as supplementary reading for doctoral and master’s students in finance, particularly relating to capital markets and economics – predominantly development economics and economic policy.

Download or read book Prospects and Forecasts for the Development of Polish Capital Market in the Wake of EU Accession written by Jerzy Gwizdała and published by . This book was released on 2013 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The capital market in Poland is a very recent one, as it only dates back to 1991. To assess its development and functioning to date we have to compare it with other capital markets -- both the mature ones, which have been operating for many years, as well as with others, which, like the Polish market, have a short history. In doing so we have to take into consideration the division of capital markets based on the principles of their operation that have developed there -- such division distinguishes between the Anglo-Saxon and the German-Japanese models of the capital market. We also have to evaluate the prospects for the development of the Polish capital market -- particularly in view of the globalisation of the economy and Poland's accession to the European Union. Since legal and technological barriers restricting transfer of capital between countries are being removed, capital markets in individual countries, Poland included, no longer form discrete and closed organisms that do not react to economic developments in other countries. The freedom of movement of capital resulting from international agreements, coupled with broad access to information and rapid development of electronics, telecommunications and information technology, have practically removed all obstacles to international movement of capital. In a dozen seconds or so you can transfer millions of dollars from the London Stock Exchange to the stoek markets in Warsaw or Tokyo.Another reason why the Polish capital market can be regarded as a global market is the fact that Poland became an OECD member in 1996, and the EU membership is a matter of near rather than distant future. Apart from benefits, this also entails requirements concerning easier access of foreign capital to the Polish market, but also the possibility of transfer of Polish capital to foreign markets.The models of functioning of the banking industry and the capital market as a whole are now being formed in Poland. The process is similar in both cases and we may expect that it will finally result in an intermediate model, based on both, the Anglo-Saxon and the German-Japanese experiences.

Download or read book Perspectives and Forecasts of Development of the Polish Capital Market at the Eve of Poland s Accession to the European Union written by Jerzy Gwizdała and published by . This book was released on 2013 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The capital market in Poland is very young. Practically the year 1991 may be considered as the date of its foundation. In order to assess its development and operating principles till now one should compare it with other capital markets -- i.e. the mature markets that have operated for a number of years and the new ones, which. like the Polish market, have only a short history of operation. This comparison makes it necessary to take into account the division of capital markets according to the principles functioning in them -- this division distinguishes markets operating according to the Anglo-Saxon model and markets operating according to the German -- Japanese model. The perspectives of development of the Polish capital market should also be assessed -- in particular taking into consideration the globalization of economy and Poland's accession to the European Union. Because of the liquidation of legal and technical barriers limiting the international transfer of capital, capital markets in particular countries, including Poland, do not form separate, isolated organisms which do not react to economic events taking place in other countries any more.

Download or read book The Directions of Ownership Reform and Capital Market Development in the Polish Economy written by Witold Walkowiak and published by . This book was released on 1989 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Capital Market Developments in Central and Eastern Europe written by Thomas L. Riesenberg and published by . This book was released on 1992 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Polish Fixed income Securities Market written by Noritaka Akamatsu and published by World Bank Publications. This book was released on 2007 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the recent evolution of the Polish fixedincome securities market, including the money market, the government bond market, and the non-government bond market, focusing in particular on the sub-national bond market. The book examines key policy challenges facing the development of the sector, including policies to: stimulate the development of the classic repo market, increase the reliability of the government bond yield curve, stimulate the overall development of the non-government bond market, and reform the legal and regulatory framework for local government borrowing.

Download or read book The New Capital Markets in Central and Eastern Europe written by Michael Schröder and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 539 pages. Available in PDF, EPUB and Kindle. Book excerpt: An excellent analyses of the effects of EU enlargement on capital markets in the most advanced countries of Central and Eastern Europe and Russia. It also investigates the EU's impact on the interactions between Eastern and Western capital markets. The study is particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries.

Download or read book Stock Liquidity Premium on the Polish Capital Market written by Szymon Stereńczak and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Polish Transition Ten Years On written by Sue Faulkner and published by Routledge. This book was released on 2018-08-13 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume features articles from specialists in finance on the economic transformation of Poland from a planned approach to a market-based system after the advent of Post-Communist Europe. Despite apparent exemplary progress in the Polish experience, the transitional process has revealed numerous deep, divisive and complex problems. These include rising disparity of incomes, growing unemployment and disillusionment with the early reform process. This book takes the opportunity of being ten years on from the point of transition to reflect upon its effects. It offers a unique dual approach: first a selection of articles on the transition, followed by a case study.

Download or read book The Polish Capital Market written by Martin Hager and published by . This book was released on 1995 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Intellinews Polish Capital Market Report written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Capital Market Development in Transition Economies Country Experiences and Policies for the Future written by OECD and published by OECD Publishing. This book was released on 1998-10-06 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book, the first time, critically evaluates the evolution of both equity and securities markets in transition economies.

Download or read book Financial Market Restructuring in Selected Central European Countries written by Karen S. Vorst and published by Routledge. This book was released on 2018-12-18 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published in 1998, this book provides detailed information on the financial markets in selected Central European transitioning economies. The independent countries selected for study in the text are Poland, Hungary, the Czech Republic and the Slovak Republic. The former East Germany is also include due to its proximity to the above countries and its unique experience in the transition process. Each country's section of the book contains articles written by professionals in the selected country. These individuals are economists, central bankers and/or analysts who have first-hand knowledge of the financial system. Each section details: the development in the banking sector plus the role of the central bank and the government in guiding the economy toward the market system; discuses the emerging capital markets and the ongoing process of privatization; and provides an update of the economic progress toward a market system that has been achieved since 1989.

Download or read book Privatization in Eastern Europe written by Hans Smit and published by Martinus Nijhoff Publishers. This book was released on 2023-09-20 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: A hands-on approach to the privatization process in Eastern Europe, divided into the following categories: - Guidelines for Foreign Purchasers of State Enterprises - A Business Survival Guide for Getting Things Done in Kiev - Critical Challenges of Capital Formation - The Greenfield Approach to Privatization - Vouchers and their Practical Use - Detailed Analysis of the Particulars of the Privatization Procedures in Russia, Ukraine, Poland, the Czech Republic and Slovakia, and Hungary. Furthermore, Privatization in Eastern Europe includes a list of all privatization laws

Download or read book Market economy in Poland A history written by Tadeusz Włudyka and published by Virtualo. This book was released on 2016-01-01 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: In countries with a tradition of more than one hundred years of a free market economy, both public opinion and the economic policy of subsequent governments focus on pragmatic continuity. Changes or corrections are reduced to the necessary minimum. Further, any such change in economic policy is mainly the result of democratic elections and not that of unusual events of far-reaching, unpredictable consequences, such as wars or crises. However, this scenario is rarely found in countries with a much shorter market economy history, as in the case of Poland. This book presents the history of Poland's economic development in two periods: the interwar period and the period that followed the collapse of communism. The periods under study came in the aft ermath of historic events characterised by massive human and material losses, the First and the Second World War. Only two twenty-year periods can be said to feature market economy mechanisms in Poland, as prior to 1918 there had been no Polish state, and the period between 1950 and 1989 was marked by a socialist economy. Such a state of affairs was caused by both "bad geography" and the post-Yalta political "order". Both periods have also generated many heated discussions on issues related to the state's economic system and policy. The publication is addressed to academics, doctoral candidates and students.

Download or read book Direct Investment as a Strategy to enter the Polish Market written by Simon Winzenried and published by GRIN Verlag. This book was released on 2006-03-30 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2005 in the subject Business economics - Offline Marketing and Online Marketing, grade: 1,4, University of Cooperative Education Mannheim (Berufsakademie Mannheim), course: International Management, language: English, abstract: One year after joining the European Union Poland regains its reputation as one of the top investment locations in Europe. Fierce competition for foreign direct investment (FDI) with rivals such as Slovakia and Czech Republic has dumped direct investment in the country in the recent years. Frequently changing governments, a network of disputable roads and inconsistent tax laws further contributed to a negative development of FDI in Poland (Cienski 2005). However last year’s empowerment of a “technocratic government” that replaces a “corruption-ridden” political class is the impetus for a new investor friendly policy. This positive development is underpinned by the victory of Lech Kaczynski in October’s (2005) presidential elections. Positioned centre-right Kaczynski is supposed to enhance Poland’s attractiveness for investors with reduced taxes and bureaucratic burdens and is to approach prospect investors with tailor made offers (Cienski 2005). A new corporate flat tax of 19%, Poland’s return to strong economic growth (5,4 % in 2004) and its membership in the European Union are just some factors that explain Poland’s attractiveness for investments from abroad (Earnest&Young 2005, p. 14). Wages are about a fifth of European average income (Spiro 2004) and labour productivity has risen significantly by 9,2 % in the past two years 2004 (PAIiIz 2005). This development puts the lid on a successful transition process from a socialist country with a centrally planned economy to a modern western democracy with a market-oriented economic system. This significant progress in transition is the basis for Poland’s appeal to foreign companies and is a key determinant in the decision for a direct investment (Figure 1; Mueschen 1998, p. 303).