This paper studies the intraday volatility of European government bonds under the framework of the multiplicative component GARCH model (Engle and Sokalska, 2012). Intraday return volatility is specified as the product of daily volatility, intraday seasonality, and a unit GARCH process. The...

The market-oriented approach promoted by the European Central Bank in the design of its refinancing operations creates incentives to credit insitutions to use actively the interbank market to manage their liquidity needs. In this context, we examine the ability of the overnight segment to...

Following enlargement of the European Union (EU) in 2004 and in the subsequent years, 13 new members, including Poland (EU-13), were covered with the Common Agricultural Policy (CAP). The introduced reforms contributed to improvement of the agrarian structure and a drop in the labor inputs in...

Along with the socio-economic development, agriculture has a natural tendency to increase productivity. Its effect is unfavourable for farmers agricultural overproduction. In this situation, the relatively constant food needs of individual societies are able to be met by an ever smaller number...

Securitization of the rainfall risk involves pooling of the rainfall contingent insurance policies to issue financial instruments in the capital markets to transfer the rainfall risk from the insurers to the investors. Low income households, especially in the developing countries like India...

It is due to its strong dependence on the market and natural factors, such as weather conditions and extreme weather events or livestock diseases, agriculture is characterized by high exposure to risks. It is the reason for the important role of mitigation of their impacts in the framework of...

A number of new geopolitical conditions, new EU priorities, reform of the euro area with the possibility of establishing a separate budget, fiscal consolidation of most of the EU countries, constitute difficulties in terms of the construction of the EU budget. The aim of the study was to...

The study analysed sources of return on equity in countries with strong and economically weak farms. The economic size used in FADN was used as the breakdown criterion. In the group of countries where farms reached a relatively small economic size, there were Bulgaria, Greece, Croatia (from...

The dynamic nature of changes in the macroeconomic environment and various views of Member States on the future of the Common Agricultural Policy in the European Union cause that its shape is usually a result of various forces and factors. They are both, exogenous, related to the situation on...

This study is the first scientific attempt to calculate the size of the informal economy in agriculture. The Multiple indicators multiple causes model (MIMIC) was developed for the estimation of levels of informal economy in 15 “Old” European Union Member States’ agricultural sectors for...