Download or read book Review of the Status of the Polish Capital Markets written by Anna Belka and published by . This book was released on 1996 with total page 165 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 345 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 Republic of Poland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-01-13 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Poland’s Review Under the Flexible Credit Line (FCL) Arrangement. Economic growth is expected to recover gradually on the back of improving domestic demand and higher growth in core euro countries. But the economy is still subject to substantial external risks as Poland is highly integrated with Europe through trade and financial channels, as well as with global financial markets. In IMF Staff’s view, Poland continues to meet the qualification criteria for access to FCL resources specified under the Board decision on FCL arrangements, and therefore IMF Staff recommends completion of the review under this FCL arrangement.
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 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 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 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 The Polish Road to Capitalism written by George Blazyca and published by . This book was released on 2002 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Market Revolution written by Patrick Young and published by FT Press. This book was released on 1999 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a blueprint for coping the revolution, it gives a new vision of finacial markets outlined clearly and succinctly in print for the first time.
Download or read book Banking and Finance written by Razali Haron and published by BoD – Books on Demand. This book was released on 2020-12-23 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The banking and finance industry plays a significant role in the economy of a nation. As such, continuous research and up-to-date feeds are necessary for it to stay competitive and resilient. Due to its revolving and dynamic nature as well as its significance and interlinkages with other industries, a well-functioning banking and finance system is vital in safeguarding the interest of all stakeholders. Banking and Finance covers a wide range of essential topics highlighting major issues related to banking and finance. The book is rich with empirical evidence, scientific researches, best practices, and recommendations, making it a compact yet handy reference for readers, especially those who are in the field of banking and finance.
Download or read book Global Stock Market Development written by Marcin Kalinowski and published by Routledge. This book was released on 2021-09-26 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the current era of globalised financial markets, the stock market cannot be assessed solely by comparing quantitative features such as the number of listed companies or capitalisation on the stock exchange. This is of secondary importance from an investor's point of view. What is important, however, is how a given stock market behaves towards the environment – whether it is ‘hyperactive’ or ‘excessively lethargic’ in response to information. This book provides an innovative tool for assessing global stock markets. It describes the complex concept of ‘stock market development’ in light of classical and behavioural finance theories and considers both quantitative (the number of listed companies, turnover, etc.) and behavioural aspects (price volatility, the behaviour of fundamental indicators of listed companies). Based on an innovative method for assessing development, the author analyses 130 stock markets, indicating those that are more developed in terms of quantity and behaviour. Ultimately, this enables the assessment of which markets are more or less developed and why. This knowledge, used properly, offers an advantage over other financial market participants, and allows for the comprehensive assessment of individual stock markets, which can support the process of making good investment decisions. The book is an invaluable resource for research fellows and students in economics, particularly the field of finance. It is also addressed to business and stock market practitioners, such as financial market analysts, brokers and investment advisers.
Download or read book European Financial Markets written by Tony Southall and published by Springer Science & Business Media. This book was released on 2008-10-08 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: EU membership involves political and economic reforms which influence financial markets in the new member states. This study empirically explores and quantifies the effects of EU accession on the risk and return of equity markets in eight Central and Eastern European markets joining the EU in 2004. The study also incorporates a review of how the influence of macroeconomic variables and the level of integration with global and European markets change as a result of EU membership. Based on empirical tests using weekly data over ten years, this study concludes that EU membership results in a significant decline in equity market volatility and a significant increase in risk-adjusted, but not absolute, equity returns. Furthermore, the study suggests that equity markets in new EU member states become increasingly influenced by global rather than local macroeconomic factors after the EU accession and that the level of integration with global markets increases.
Download or read book Modeling Economic Growth in Contemporary Poland written by Elżbieta Bukalska and published by Emerald Group Publishing. This book was released on 2023-11-09 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trying to explain the sources of Poland’s economic success and decouple it from simple stylized facts on economic convergence anchored in the neoclassical growth models, the chapters show how the Polish economy rapidly moved away from the communist economic system, which had ended up in an economic collapse.
Download or read book OECD Urban Policy Reviews Poland 2011 written by OECD and published by OECD Publishing. This book was released on 2011-05-02 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive review of urban policy in Poland looks at the urban system and the challenges it faces, national policies for urban development in Poland, and adapting governance for a national urban policy agenda.
Download or read book Behavioral Finance and Capital Markets written by A. Szyszka and published by Springer. This book was released on 2013-09-04 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral Finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors in navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral Finance and Capital Markets reveals the main foundations underpinning neoclassical capital market and asset pricing theory, as filtered through the lens of behavioral finance. Szyszka presents and classifies many of the dynamic arguments being made in the current literature on the topic through the use of a new, ground-breaking methodology termed: the General Behavioral Asset Pricing Model (GBM). GBM describes how asset prices are influenced by various behavioral heuristics and how these prices deviate from fundamental values due to irrational behavior on the part of investors. The connection between psychological factors responsible for irrational behavior and market pricing anomalies is featured extensively throughout the text. Alternative explanations for various theoretical and empirical market puzzles - such as the 2008 U.S. financial crisis - are also discussed in a convincing and interesting manner. The book also provides interesting insights into behavioral aspects of corporate finance.
Download or read book Effective Investments on Capital Markets written by Waldemar Tarczyński and published by Springer. This book was released on 2019-07-17 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings volume presents current research and innovative solutions into capital markets, particularly in Poland. Featuring contributions presented at the 10th Capital Market Effective Investments (CMEI 2018) conference held in Międzyzdroje, Poland, this book explores the future of capital markets in Poland as well as comparing it with the capital markets of other developed regions around the world. Divided into four parts, the enclosed papers provide a background into the theoretical foundations of capital market investments, explores different approaches—both classical and contemporary—to investment decision making, analyzes the behaviors of investors using experimental economics and behavioral finance, and explores practical issues related to financial market investments, including real case studies. In addition, each part of the book begins with an introductory chapter written by thematic editors that provides an outline of the subject area and a summary of the papers presented.
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.
