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Tytuł:
Stopa bezrobocia – mankamenty pomiaru i próba ich eliminacji
Unemployment rate – measurement defects and an attempt of their elimination
Autorzy:
Głuszczuk, Dariusz
Raszkowski, Andrzej
Powiązania:
https://bibliotekanauki.pl/articles/569892.pdf
Data publikacji:
2016
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
unemployment
unemployment rate
unemployment rate measurement
Opis:
The algorithm for measuring unemployment rate can be formulated in many ways. Its basic variant is defined as the quotient of unemployed people number and the professionally active population (unemployed and employed). However, sometimes it is indicated that this relationship is based on the number of unemployed people and the production age population. Solving this alternative does not seem difficult. Adopting conventional definitions of unemployment rate components is much more complicated, i.e. the definition of an unemployed and an employed person. Different interpretations of meanings ingrained in these concepts result in an indicator value variation which, by assumption, is supposed to describe accurately the intensity of unemployment phenomenon in a given population. Therefore, it seems founded to pose a question – what should be done to make national and international unemployment statistics more credible? An attempt to solve this problem determines the logical sequence of the discussion presented in the paper (problem identification – recommended solutions).
Źródło:
Ekonomia XXI Wieku; 2016, 2 (10); 22-29
2353-8929
Pojawia się w:
Ekonomia XXI Wieku
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
DETERMINANTY ZRÓŻNICOWANIA ZMIAN WSKAŹNIKA DŁUGU PUBLICZNEGO W KRAJACH UE 15 W LATACH 2000-2014
Determinants of the diversification of changes in public debt ratios in the EU-15 countries in the years 2000-2014
Autorzy:
Grabia, Tomasz
Powiązania:
https://bibliotekanauki.pl/articles/950606.pdf
Data publikacji:
2015
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
public debt
GDP growth rate
inflation rate
interest rate
rating
budget balance
primary balance
Opis:
The aim of the article is to identify the determinants of changes in public debt ratios in the developed countries of the EU (EU-15). The analysis was based on the observations of the average values of analysed variables in particular countries throughout the study period and over two sub-periods: 2001-2007 and 2008-2014. On the basis of the article it can be concluded that the diversification of changes in public debt ratios resulted mainly from varying budget and primary balances (the lower the deficits, the lower the increases in public debt ratios) and, to a smaller extent, also from varying interest rates on bonds (the lower the interest rates, the lower the increases in public debt ratios) as well as varying economic growth rates (the higher the economic growth rates, the lower the rises in public debt ratios).
Źródło:
Financial Sciences. Nauki o Finansach; 2015, 3(24); 25-46
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Monetary Determinants of House Prices in Central and Eastern European Countries
Czynniki monetarne cen nieruchomości w krajach Europy Środkowej i Wschodniej
Autorzy:
Shevchuk, Viktor
Powiązania:
https://bibliotekanauki.pl/articles/2158930.pdf
Data publikacji:
2022
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
house prices
interest rate
exchange rate
Central and Eastern Europe
Opis:
This research aimed at the empirical estimation of the monetary determinants of house prices in the Czech Republic, Hungary, Poland, and Romania. The application of quarterly panel data for the period 2010-2019 indicates that a central bank policy rate increase was responsible for the fall in house prices, with a similar effect on house prices by a higher consumer inflation and nominal (real) exchange rate undervaluation. There was no reaction of house prices to the business cycle. However, the housing boom had a positive contribution to cyclical changes in output, while not affecting consumer prices and exchange rate.
Przeprowadzone badanie ma na celu oszacowanie empiryczne czynników monetarnych dla cen nieruchomości w Republice Czeskiej, na Węgrzech, w Polsce i w Rumunii. Wykorzystując kwartalne dane panelowe z lat 2010-2019, stwierdzono, że wzrost stopy procentowej banku centralne- go powoduje spadek cen nieruchomości, przy podobnym oddzialywaniu inflacji konsumenckiej i nie- doszacowanego kursu walutowego w ujęciu nominalnym i realnym. Ceny nieruchomości nie zależą od cyklu koniunkturalnego, ale boom na rynku nieruchomości pozytywnie oddziałuje na cykliczne zmiany dochodu, nie mając jednocześnie wpływu na ceny konsumenckie i kurs walutowy.
Źródło:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu; 2022, 66, 4; 132-146
1899-3192
Pojawia się w:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Struktura terminowa stóp procentowych opisana modelami stopy krótkoterminowej
Term structure of interest rates described with short-rate models
Autorzy:
Jodź, Kamil
Powiązania:
https://bibliotekanauki.pl/articles/434054.pdf
Data publikacji:
2014
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
spot rate
term structure of interest rates
yield curve
one-factor short-rate models
two-factor short-rate models
Opis:
The article gives an overview of the theoretical basis for the term structure of interest rates. Theoretical and practical benefits of this kind of modeling are indicated. The arguments in support of the opinion that the financial market model with continuous time is better than the model with discrete time are listed. Slightly wider is the discussion on one-factor and two-factor models of the dynamics of the short term rate due to stochas-tic differential equations.
Źródło:
Śląski Przegląd Statystyczny; 2014, 12(18); 273-284
1644-6739
Pojawia się w:
Śląski Przegląd Statystyczny
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Construction of multi-state life tables for critical illness insurance – influence of age and sex on the incidence of health inequalities
Autorzy:
Dębicka, Joanna
Zmyślona, Beata
Powiązania:
https://bibliotekanauki.pl/articles/434064.pdf
Data publikacji:
2016
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
multi-state life tables
health insurance
inequalities in health
mortality rate
fatality rate
incidence rate
lung cancer
unhealthy behaviours
Opis:
The aim of the paper is twofold. The first one is to present the multi-state life tables associated with the insurance against the risk for lung cancer. Probabilistic structure of the model regarding incidence and mortality rates of lung cancer takes into account many factors such as a patient’s health condition (mild and critical), the probability of remaining in mild state of health and the probability of state of health deterioration. The lifetime in a critical state is analyzed in detail. The probability of death of a patient is also analysed according to the health condition. The analysis of the influence of inequalities in health caused by gender, biological sex and age on the probabilistic structure pose the second aim of paper.
Źródło:
Śląski Przegląd Statystyczny; 2016, 14 (20); 41-64
1644-6739
Pojawia się w:
Śląski Przegląd Statystyczny
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
A firm’s perspective on econophysics-based currency risk analysis
Autorzy:
Fiedor, Paweł
Hołda, Artur
Powiązania:
https://bibliotekanauki.pl/articles/950707.pdf
Data publikacji:
2014
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
risk
exchange rate
predictability
econophysics
Opis:
In this article the authors presents an approach to quantifying currency risk based on the methodology of econophysics. This article continues the authors’ study into the currency risk, this time simplifying it for the purpose of rendering it useful for companies without technical abilities. A method of analysing the dependencies between currencies based on correlations is introduced to facilitate the analysis of currency risk involved in being exposed to one or more foreign currencies. Also a model estimating a risk-free horizon is introduced and tested against price formation models and empirical data from FX markets.
Źródło:
Financial Sciences. Nauki o Finansach; 2014, 4(21); 92-107
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
BADANIE WPŁYWU ZMIAN STOPY REFERENCYJNEJ NBP I PRZECIĘTNEGO WYNAGRODZENIA W GOSPODARCE NARODOWEJ NA WARTOŚĆ TRANSAKCJI DOKONANYCH KARTAMI PŁATNICZYMI
studying the impact of changes in the NBP reference rate and the average wage in the national economy on the value of transactions with payment cards
Autorzy:
Staszczyk, Mateusz
Powiązania:
https://bibliotekanauki.pl/articles/950894.pdf
Data publikacji:
2014
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
payment card
reference rate
salary
Opis:
The aim of the econometric analysis is to show the mechanism shaping the level of value of transactions made with payment cards. In the article the value of transactions from payment cards was assumed as dependent variable. Reference rate and average remuneration were accepted as dependent variables. Data from banks cover all transactions made using cards issued by banks to their clients, both in Poland and abroad. Quarterly data from the period 2000-2010 were chosen for the research. The estimation of linear order was made with the use of classic least squares method. The results confirmed the assumed hypotheses: the increase of reference rate usually leads to the decrease in the value of card transactions and the salary increase in the national economy to the reverse regularity.
Źródło:
Financial Sciences. Nauki o Finansach; 2014, 1(18); 142-153
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Fluctuations in exchange rate and aggregate exports in Ukraine
Wahania kursów walut i ich wpływ na zagregowany eksport na Ukrainie
Autorzy:
Agiomirgianakis, George
Serenis, Dimitrios
Tsounis, Nicholas
Powiązania:
https://bibliotekanauki.pl/articles/425225.pdf
Data publikacji:
2015
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
exchange rate volatility
exports
Ukraine
ARDL method
Opis:
This paper examines the effect of Exchange Rate Volatility (ERV) on the aggregate exports of Ukraine during the period of 1990 to 2013 using quarterly data. In the literature, it is found that exchange rate volatility causes a reduction in the overall level of trade. The paper tests this finding for Ukrainian foreign trade in the aforementioned period using the Autoregressive Distributed Lags (ARDL) method to co-integration. Overall, our findings suggest that there is a negative effect of ERV on Ukrainian exports. From a policy prospective, this result is important because it suggests that policy makers should consider the negative effect of ERV on exports when exercising exchange rate policy for balance of payment purposes.
Źródło:
Econometrics. Ekonometria. Advances in Applied Data Analytics; 2015, 4 (50); 11-23
1507-3866
Pojawia się w:
Econometrics. Ekonometria. Advances in Applied Data Analytics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The inherently (un)just real property tax
Autorzy:
MacGregor Pelikánová, Radka
Jánošíková, Petra
Powiązania:
https://bibliotekanauki.pl/articles/583686.pdf
Data publikacji:
2018
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
real property tax
justice
basis
rate
calculation
Opis:
The aim of this paper is to research, analyse and comparatively assess the real property tax and it´s Aristotelian (in)justice in various jurisdictions based on the stated quartet of hypotheses. Considering the high focus of jurisdictions on both sides of the Atlantic on human rights and democracy, it is highly relevant to pose the question centred around the hypotheses that (i) real property taxation, (ii) determination of basis, (iii) calculation and rate and (iv) use of proceeds of real property tax are (in)compatible with our perception of justice as founded by Aristotle. Various jurisdictions are analysed, while particular attention given to the Czech Republic jurisdiction case study. The research allows to enhance the understanding and appreciation of the real property tax system and offers preliminary suggestions and recommendations for its improvement in order to make it an effective, efficient and just fiscal tool matching the post-modern global society.
Źródło:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu; 2018, 519; 146-159
1899-3192
Pojawia się w:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Investment funds – returns, risk and fees dependencies in Poland and UK in 2015
Autorzy:
Fraś, Alicja
Powiązania:
https://bibliotekanauki.pl/articles/582993.pdf
Data publikacji:
2018
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
correlation
investment funds
fees
rate of return
Opis:
Common phenomenon is the positive relation between risk level and return. Investor would also expect that the higher the mutual fund fee, the more active is the management, so risk is increased. Then, as a payoff for higher charges and risk, he or she anticipates higher returns. It turns out that at least in Poland in 2015 rates of return did not go up as risk increased, and most risky funds lagged by 5 pp. in rates of return. Most expensive funds in Poland lost 8 pp. versus the cheapest, whereas in UK top-fees funds’ returns were 2 pp. lower.
Źródło:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu; 2018, 519; 63-76
1899-3192
Pojawia się w:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Employment or underemployment in the context of “Europe 2020” strategy implementation
Zatrudnienie czy zatrudnienie nieadekwatne w kontekście realizacji strategii „Europa 2020”
Autorzy:
Skórska, Anna
Powiązania:
https://bibliotekanauki.pl/articles/570132.pdf
Data publikacji:
2015
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
employment
underemployment
employment rate
“Europe 2020” strategy
Opis:
In formulated long-term strategy “Europe 2020” attention is focussed on problems in the sphere of employment. Therefore one of the objectives of the strategy is to reach the employment rate on the level of 75% for women and men aged 20 to 64 by 2020. In National Reform Programs; individual EU member states adjusted their employment objectives to local needs while considering situations on their labour markets and practical probability of changes. Due to differences in social and economic situation in EU-28; and consequences of economic crisis particularly noticeable in individual countries; these objectives are diversified. Achieving the high level of this indicator does not reflect the full situation on the labour market because of rising unemployment and underemployment. Underemployment in the form of over-education; under-qualification or involuntary part-time jobs refers to a growing number of social group; particularly women and young people. The questions that naturally arise from these considerations apply not only to the employment rates; but also to the scale of labour underutilisation; the consequences of this phenomenon for the economy; society; both on micro and macro level. The main research questions are: “What is the scale and dynamics of employment and underemployment in the European Union?”; “How big are disparities across UE?”; “Is there a relationship between high employment and low underemployment?”; “What are the chances to achieve employment objectives in 2020?” Considering the aforementioned conditions; the goal of the paper is to present a diversity in employment and underemployment rate in EU-28 between 2008 and 2014 and to assess a potential probability of achievement of employment objectives by individual member states in the perspective of 2020. The execution of the goal formulated in this way imposed the structure of the paper that includes: 1) definition of underemployment; 2) review of employment objective in “Europe 2020” strategy; 3) analysis of the changes of employment and underemployment in EU-28 between 2000 and 2014; 4) presentation of employment objectives formulated in National Reform programs; and the assessment of their implementation.
Źródło:
Ekonomia XXI Wieku; 2015, 4 (8); 30-46
2353-8929
Pojawia się w:
Ekonomia XXI Wieku
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Toksyczne opcje walutowe – negatywne aspekty ograniczania ryzyka walutowego dla przedsiębiorstw na przykładzie wydarzeń z roku 2008
Toxic currency options – negative aspects of the exchange rate risk limitation for companies in relation to events from the year 2008
Autorzy:
Jankowski, Michał
Powiązania:
https://bibliotekanauki.pl/articles/420139.pdf
Data publikacji:
2013
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
exchange rate risk
forward contract
currency option
derivatives
Opis:
This article provides information about the exchange rate risk in companies. At the beginning the definitions of risk and exchange rate risk are provided. Next, the article includes a short analysis of the main financial instruments that can reduce those risks – forward/futures contract, option and SWAP contract. Besides many positive features of those instruments, the inappropriate usage of them can cause many serious problems. For this reason a reader will find herein not only a list of positive attributes of those instruments but also a description of their negative impact on entrepreneurs in the year 2008. The final part shows that although the described event took place five years ago, till now the market has not managed to solve problems caused by toxic derivatives and entrepreneurs still do not trust in this sort of exchange rate risk reduction possibilities.
Źródło:
Nauki o Zarządzaniu; 2013, 4(17); 29-44
2080-6000
Pojawia się w:
Nauki o Zarządzaniu
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Types of government deficit in respect of fiscal decision-making
Autorzy:
Przybylska-Mazur, Agnieszka
Powiązania:
https://bibliotekanauki.pl/articles/949226.pdf
Data publikacji:
2018
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
deficit
tax rate
feedback rule
quadratic-linear problem
Opis:
Fiscal policy includes the government decisions on the size of taxes that affect the size of the government deficit. There are different types of government deficit. The aim of the analyses is to examine the relation between the type of deficit and the optimal level of tax rate. In this article we verify the hypothesis that the type of deficit considered affects the tax rate. For the hypothesis verification, we use the feedback rules that are the solution of the quadratic-linear problem.
Źródło:
Financial Sciences. Nauki o Finansach; 2018, 23, 2; 60-74
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
WYNIKI FUNDUSZY VENTURE CAPITAL – TENDENCJE ŚWIATOWE A RYNEK POLSKI
Venture Capital funds results – global trends vs. Polish market
Autorzy:
Zasępa, Piotr
Powiązania:
https://bibliotekanauki.pl/articles/950496.pdf
Data publikacji:
2015
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
venture capital
private equity
rate of return
investment cycle
Opis:
This paper presents an analysis of the investment process of venture capital and obtained investment results. The aim of this paper is to characterize the changing trends in the behaviour of returns in the venture capital and private equity in the period 1998-2012, which includes their full investment cycle. The analysis covers Polish, the U.S. and the EU markets.
Źródło:
Financial Sciences. Nauki o Finansach; 2015, 2(23); 143-153
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Volatility of the Polish zloty against major international currencies compared to other Central and Eastern European currencies in 2004-2010 and 2011-2019
Zmienność złotego względem głównych walut międzynarodowych w porównaniu z inymi walutami Europy Środkowej i Wschodniej w latach 2004-2010 i 2011-2019
Autorzy:
Czaja, Jarosław
Powiązania:
https://bibliotekanauki.pl/articles/583959.pdf
Data publikacji:
2020
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
exchange rate volatility
currency market
exchange rate risk
capital market
central banks
zmienność kursu walutowego
rynek walutowy
ryzyko kursowe
rynek kapitałowy
banki centralne
Opis:
Exchange rate volatility reached significant levels as one of the problems of the 2008 financial crisis, which showed that the market mechanism, even internationally, is not always conducive to restoring stability in various aspects. The aim of the paper is to compare the exchange rate volatility of the Polish zloty and several other currencies (mainly in the Central European region) against major international currencies such as the US dollar, British pound, euro and Swiss franc before and after the crises in 2004-2010 and 2011-2019. A review of the existing literature aimed to show some effects of exchange rate volatility on the economy. An analysis was made by comparing two periods (2004-2010 and 2011-2019). Exchange rate volatility was calculated as a standard deviation of the twenty-day moving average (by market days). Exchange rate volatility became much lower in the second examined period (in the European Union countries, including Poland) after the strong institutional (activities and interventions of central banks and governments) support started because of the financial crisis in 2008. There was a decrease in currency volatility in the European Union countries, including Poland.
Celem artykułu jest porównanie zmienności kursu złotego i kilku innych walut (głównie w regionie Europy Środkowej) w stosunku do głównych walut międzynarodowych, takich jak dolar amerykański, funt brytyjski, euro i frank szwajcarski przed kryzysem i po nim – w latach 2004-2010 i 2011-2019. Analizy dokonano przez porównanie obu tych okresów. Zmienność kursu walutowego obliczono jako odchylenie standardowe dwudziestodniowej średniej kroczącej (według dni rynkowych). Dzięki szeroko podejmowanym działaniom niwelującym przyczyny i skutki kryzysu finansowego (rok 2008) zmienność kursów walutowych staje się znacznie niższa w drugim badanym okresie, co objęło kraje Unii Europejskiej, w tym Polskę.
Źródło:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu; 2020, 64, 6; 49-64
1899-3192
Pojawia się w:
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
Dostawca treści:
Biblioteka Nauki
Artykuł

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