Globalne aspekty kryzysu strefy euro http://hdl.handle.net/11089/2032 2026-04-07T07:07:15Z 2026-04-07T07:07:15Z Sobol, Iwona http://hdl.handle.net/11089/2123 2018-02-01T11:18:23Z 2012-01-01T00:00:00Z

Analiza możliwości zawierania transakcji opcyjnych na islamskim rynku finansowym Sobol, Iwona The aim of this paper is the analysis of options in the context of Islamic finance. Traditional options in most cases cannot be offered by Islamic financial institutions, since their construction is not compliant with very restrictive rules of Muslim religious law – Sharia, such as the prohibition of usury, speculation, or the obligation to avoid risk. However, given that they are an important tool in risk management, there is ongoing debate among Muslim economists about the possibility to substitute them with traditional Islamic financial instruments, i.e. contracts al-arbun and khiyar al-shart.

2012-01-01T00:00:00Z Sławiński, Andrzej http://hdl.handle.net/11089/2122 2018-02-01T11:18:26Z 2012-01-01T00:00:00Z

Strefa euro: scenariusz alternatywny Sławiński, Andrzej The process of European monetary integration would have been longer but much less costly, had euro zone been created at least a decade later. Had Europeans decided to extend the period of functioning of the ERM mechanism with the 15% band (introduced in 1993), central banks might have been able to use the extended autonomy of monetary policy to cope with the unsustainable lending booms before the creation of the monetary union. This might have saved Europe from paying a very high cost of the twin bank and fiscal crises. Had the tightening of monetary policy turned out to be insufficient to cope with the unsustainable lending booms in several European countries, central banks could have earlier employed macroprudential policies as a second weapon of their stabilization policy. Had the euro zone been created at least a decade later, the experiences with the unsustainable lending booms would have forced Europeans to create monetary union with a better institutional setup.

2012-01-01T00:00:00Z Rosińska-Bukowska, Magdalena http://hdl.handle.net/11089/2121 2021-10-02T07:16:36Z 2012-01-01T00:00:00Z

Kryzys w strefie euro – wybrane aspekty makro- i mikroekonomiczne Rosińska-Bukowska, Magdalena The paper attempts to look at the financial crisis on two levels – macro – analyzing the situation of Spain, Italy, Portugal, Ireland and the micro – reference to examples of international companies. The introduction describes the origins of the crisis and the conditions of the “spill over” of its effects on various areas, including geographical and sectoral. The second, crucial part of the paper, means to the analyze selected countries in the European Union, seen as a "fire points" hindering Western European growth. The final section of the paper refers to some aspects of the crisis in business – as seen through the lens of transnational corporations. The summary of the discussion is an attempt to assess the effects of the crisis for the EU’s position in the global economy.

2012-01-01T00:00:00Z Pera, Jacek http://hdl.handle.net/11089/2120 2018-02-01T11:18:23Z 2012-01-01T00:00:00Z

Kryzys strefy euro a dychotomia jej mechanizmów systemowych – próba oceny Pera, Jacek The global financial crisis and the internal situation faced by the euro zone, revealed shortcomings in the integration of the markets within the European Union. Therefore, the reconstruction of all the systemic mechanisms must take place.. They cause on this days for the individual Member States, the asymmetric consequences of costs and benefits of existence of the Union. All the necessary reforms on changes in the institutional system of the euro zone should be focused within the following areas: • the legal framework of the Euro zone • levelling of trade integration and trade imbalances between countries • consumption of credit in the private sector • fiscal discipline • the competitiveness of countries within the euro zone • the reliability of statistical data • crisis management mechanism and procedures in this area It is difficult to assess today to what extent these changes will be effective and efficient, and what will be the future shape of the various mechanisms of the target system – but one thing is certain, that the reconstruction of these mechanisms should absolutely minimize systemic risk, in the way, that the full mechanism was used for the Unified Market. The future of economic and financial stability in Europe, however, depends mainly on the partial activities of the individual national economies and their resignation from the special interests (this is currently the most significant factor in disintegrating economic and financial system of the European Union). All the activities of the European Union in the area of stabilization of system mechanisms should be closely correlated with the reforms in this field carried out in the world, and the regional group should actively participate in the construction of a new system architecture.

2012-01-01T00:00:00Z