The 27th SUERF Colloquium in Munich in June 2008: New Trends in Asset Management: Exploring the Implications was already topical in the Summer of 2008. The subsequent dramatic events in the Autumn of 2008 made the presentations in Munich even more relevant to investors and bankers that want to...

During the last decade, derivatives markets became an asset class of their own and influenced the financial landscape strongly. While the financial sector contributes positively to overall economic growth in many studies up to the mid nineties, a positive contribution of the financial sector to...

W tym artykule zostały przeanalizowane dane o innowacyjności polskiej gospodarki w latach 2006 i 2012, czyli na początku i pod koniec obecnej perspektywy finansowej. Większość analizowanych danych wskazuje na spadek innowacyjności, niektóre na silny spadek, a tylko nieliczne dokumentują...

In this paper we identify four Gordian Knots of the global economy in the 21st century, that is 1) limits to growth: scarce energy and natural disasters, 2) aging of the developed world and the 21st century as the age of migration, 3) the rise of China and the failure of democracy, and 4) rising...

Many economists, politicians and strategy analysts notice that the rise of China or emergence of BRIC countries as a new powerhouse may pose a threat to Europe's or U.S. role in the global economy. But many also argue that the standard of living in Europe can be preserved amid Europe's thought...

Foreign exchange reserves held by central banks rose to more than 5 trillion dollars in 2006 from 1.5 trillion a decade ago and are expected to rise further in the coming years. Sovereign wealth funds manage assets in excess of 1.5 trillion dollars, and total reserves managed jointly by central...

This study proposes an extension to the inflation targeting framework for Poland that takes into consideration the exchange rate stability constraints imposed by the obligatory participation in the ERM2 on the path to the euro. The modified policy framework is based on targeting the differential...

This paper provides empirical evidence that machine learning algorithms can successfully replace humans in some core processes that fall within HR tasks at business schools, and probably also in other types of organizations. Narxoz University in Almaty, Kazakhstan, has implemented the KPI...

There is an ongoing heated debate about the usefulness of standardized testing in assessing students achievements. This paper presents new findings showing that both groups: critics and proponents of standardized testing are right. We show that standardized tests do a good job in determining...