This article explains why the housing and commercial real estate market are in a permanent disequilibrium. The real estate market converges towards the equilibrium, but it changes due to credit constraints, expectations and the long investment process. The cycles on this market are much more...

The purpose of the study was to identify factors which influence bank-firm relationships in Poland, herein identified with relationship banking. The results of empirical analysis have demonstrated that Polish firms readily establish single-bank relationships. The results of the econometric...

Polish Abstract: Znaczny wzrost kwoty, ilości i roli kredytów mieszkaniowych w polskim systemie bankowym ma bez wątpienia wpływ na gospodarkę. Z jednej strony można twierdzić, że finansowanie rynku mieszkaniowego pozytywnie wpływa na wzrost gospodarczy, z drugiej jednak strony rosnąca...

Increasing globalization contributes to the growth of the interdependencies between capital markets. This phenomenon is becoming a significant exogenous factors influencing the effectiveness of national economic policies and it impacts on the risk management processes at the microeconomic level....

This article deals with the issue of Islamic Banking and its differences from the classical, anglo-saxon banking system. It investigates the availability, prices and volatility of Islamic financial instruments during the global financial crisis in comparison to the behavior of similar...

Polish Abstract: Podczas ostatniej dekady obrót instrumentami pochodnymi wzrósł dużo szybciej w krajach rozwijających się, niż rozwiniętych gospodarczo. Ponadprzeciętnie zmieniła się dynamika obrotu pochodnymi bazującymi na kursie walutowym. Zmiany te świadczą o rozwoju systemów...

English Abstract: In the publication, Barabara Nowakowska and Piotr Noceń discuss 'Poland's Private Equity Market: Current Conditions and Development Prospects', and Michał Surowski and Michał Popiołek describe 'Private Equity From a Bank's Perspective'.Polish Abstract: W niniejszym Zeszycie...

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...

The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the period 2003-2011; it was found a negative correlation. An analysis was undertaken for the relation between the rate of corporate failure in Poland and the rate of change of overall...