The article concerns the sources of the financial crisis in the U.S. from the perspective of the quality of information. The problem of asymmetric information is analyzed on the basis of relations among market participants involved in assets securitization.

The purpose of this article is to analyze, whether and to what extent a global financial turmoil, initiated with the U.S. subprime crisis, can provide a stimulus towards a creation of the new international money. A reduction of the dollar’s share in the official foreign exchange reserves is...

This article outlines the issue of the influence of the described crisis on the functioning of the oldest and biggest stock exchanges.

The aim of this paper is to compare various models of state responsibility for access to financial markets. The result of this comparison was used to limit the public intervention during the global financial crisis.

The article synthetically presents economic situation in Poland as well as in the whole word during the crisis from 2007 to 2009. It also describes the condition of Polish banking sector and points its main problems, which accompany the occurence of credit crunch. The paper shows changes in...

This paper investigates the predictability of the European monetary policy through the eyes of the professional forecasters from a large investment bank. The analysis is based on forward-looking Actual and Perceived Taylor Rules for the European Central Bank which are estimated in real-time...

Purpose – In September-October 2008 the Russian stock markets came under severe strain amidst the global financial crisis. During this time the Russian government intervened several times to halt the trade to impede the continuous slide. The government justified its actions owing to the...

This study examines how shocks to the supply of credit during the financial crisis of 2007–2009 affect the financing and investment policies of private companies in the United Kingdom. To investigate this issue we adopt a fixed effects model as our research methodology. Our final sample...

Nowadays, when we are witnessing a serious macro-level changes, to deal with financial and economic indicators becomes more and more important in the economy, in particular to evaluate the changes of these indicators and especially their impact to the private sector. This paper aims to analyze...

In this paper, the authors analyze the influence of the international financial crisis on the current architecture of the CEE pension systems and their further reforms. As a consequence of the financial crisis, the very fragile pension reform has been subject of debate in the new member states...