English Abstract: The development of the Polish corporate bonds market resulted from changes on the supply side. When the Lehman Brothers went bankrupt, Polish entrepreneurs realized that financing their companies' operations only with the use of credit, even if contracted from different...

I estimate a single factor model of Swiss exchange rates during World War I for five of the primary belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war these nations suspended convertibility of their currencies into gold with the promise that after the...

Inwestycje sa waznym zrodlem rozwoju przedsiebiorstw i gospodarki. Zaleza one od wielu czynnikow. Wedlug wiekszosci glownych szkol ekonomicznych istotnym czynnikiem wplywajacym na poziom i dynamike nakladow inwestycyjnych jest polityka monetarna. Glownym celem opracowania jest zbadanie wplywu...

This paper points out an empirical failing of real business cycle models in which unemployment is endogenized through a matching function. One can easily choose a calibration to make the cyclical fluctuation in unemployment as large in the model as it is in the data, or to make the response of...

Artykul stanowi swoista analize problemu wystepowania baniek spekulacyjnych w historii gospodarczej swiata, a nastepnie probe identyfikacji przyczyn i skutkow wystapienia banki spekulacyjnej na rynku nieruchomosci w Stanach Zjednoczonych, ktora byla jednoczesnie glowna przyczyna wybuchu kryzysu...