This paper assesses redenomination risk in the euro area. We first estimate daily default-risk-free yield curves for … redenomination risk from the yield spreads between these two types of bonds. Redenomination risk primarily shows up at the short end … -2% for Germany. The ECB's interventions designed to reduce the risk of a breakup successfully did so for Italy, but …

welfare because it only reduces risk sharing. In contrast, in the U.S. banking system, where there is less competition for …

important banks (SIBs). Its purpose is to examine consequences that follow for risk choices of SIBs, as well as for Germany … to offset risk reductions achieved on the micro level. …

The main subject of theoretical-empirical study presented in this paper is economic efficiency of companies listed on … essence and assessment measures of companies' economic efficiency. The second part presents the results of a comparative … empirical research on economic efficiency of the companies listed on the Warsaw Stock Exchange and included in the WIG30 index …