This paper focuses on the implications of market frictions in the context of serial correlations in indexes on the Central and Eastern European (CEE) stock markets. Market frictions, such as non-trading effects, bid/ask spreads, other transaction costs, etc., may be detected by direct...

The aim of this comparative research is to recognize and assess intra-day seasonality of investors activity on a stock market using high-frequency data. Three indicators of intra-day investors activity based on different market characteristics are utilized: (1) hourly aggregated trading volume...

The goal of this survey is to summarize the 2007–2009 Global Financial Crisis (GFC) main reasons and consequences. The GFC originated in developed countries and it was the first major financial crisis of the twenty-first century. From the United States perspective, the following four major...

The aim of this research is to assess whether the interest rate cuts during the COVID-19 pandemic period in Poland affected asset returns on the Warsaw Stock Exchange (WSE). Within the pandemic period, and immediately after the first lock-down announcement on March 12, 2020, interest rates were...