The paper summarizes the discussion among Łaski's inner circle regarding the relevance of Kaleckian treatment of money under financial capitalism. The context of that debate was the project of a joint textbook in macroeconomics, the building blocks of which would be Kalecki's theory, and which...

One of the significant problems of a modern economy and economics is political risk. A destructive influence of politics on the financial market cannot be ignored. It is necessary to indicate some selected specific problems of the financial market connected with politics in the area of: public...

Die von Lebensversicherungen angebotenen Privatrententarife können einen Inflationsschutz nicht garantieren. Die effektive garantierte Beitragsrendite lag in der vorliegenden Untersuchung von 48 Versicherungstarifen bei lediglich 1,02 Prozent und bei den Marktführern sogar nur bei 0,94...

Over fifteen years have passed since the beginning of the reconstruction of the transition countries' banking systems. The analysis of the development of commercial banking in Georgia and other transition countries points out several features, which are typical for the starting period of...

This paper discusses the role that financial innovations play in the modern financial system, aiming at identifying and systematizing the core problems and definitions related to this issue. The paper first describes the importance of the financial system and financial markets in the economy,...

This paper analyses the integration of financial market supervision at international level, particularly focusing on EU law and the actual processes taking place in this area considering Brexit as its part. Current legislative action at EU level has a significant impact on legislation in all...

The last years have been faced with a blasting development of the Socially Responsible Investments (SRI) worldwide even though the economic environment has been shaken by a global economic and financial crisis. The aim of this paper is to analyze the return and risk characteristics of the...