http://hdl.handle.net/11320/6368 2026-06-01T14:16:26Z http://hdl.handle.net/11320/6429 Tytuł: Transformation of The Banking Sector as An Element of Economic Transformation in South-East Europe Autorzy: Kubiszewska, Katarzyna Abstrakt: The issue of stability in economy is essential, both in theoretical as well as in practical discussion. It is especially important in an environment of economic transformation. The aim of the article is to assess the economic stability during the transformation of the south-east region of Europe over a period of 19 years (1995-2014), and the mutual relation between the economic stability and the transformation process, including the transformation of banking sectors. The countries selected to the research were Albania, Bosnia and Hercegovina, Bulgaria, Croatia, Romania and Serbia. The study shows the strong correlation between transformation process of economy and banking sectors and not more than moderate relationship between transformation and stability, in some of the studied countries. The methods used include a literature review of the theory on the transformation process with special focus on the Balkan region, as well as a comparative analysis of data, which addresses the progress of the economic and banking sector’s transformation and measures the macroeconomic stability in this region and Pearson correlation for assessing mutual impacts of the variables. 2017-01-01T00:00:00Z http://hdl.handle.net/11320/6428 Tytuł: The Role of Foreign Direct Investment in Economic Growth. The Production Function Perspective Autorzy: Napiórkowski, Tomasz M. Abstrakt: Throughout the studies on the impact of foreign direct investment (FDI) on the economic growth of the host economy, there is a significant heterogeneity in terms of the results; not only between the theory and empirics, but also within empirics itself. The aim of this study is to explain the heterogeneity of results of the previous studies on the benefits of hosting FDI. This work uses the topic-relevant literature to present the key benefits of inward FDI, which are then translated into a mathematical model, which the direct and indirect benefits are derived from and differentiated between. Firstly, this work develops a production function including the key direct and indirect effects of hosting FDI in order to (through the proof of endogenization of FDI) show that a simple inclusion of FDI as the next (usually along with capital and labor) factor of growth may lead to spurious and, therefore, inconsistent results. Secondly, the study introduces the Foreign Direct Investment Benefits Absorption Path, which due to its classification of host economies into four distinctive groups, differentiating between direct and indirect benefits of FDI, and showing their different ways of impacting the host’s economy provides a unique insight into the topic of heterogeneity of results on the impact of hosting FDI. It also provides a blueprint for further research into this topic. Lastly, the Foreign Direct Investment Benefits Absorption Path is used to develop FDI-related strategies aimed at increasing the economic growth of host countries. 2017-01-01T00:00:00Z http://hdl.handle.net/11320/6427 Tytuł: Institutional Approach in The Assessment of Competitiveness of The Offshoring Service Locations in Poland Autorzy: Marcinkowska, Elżbieta Abstrakt: Changes in the global economy observed in the last decade are, to a significant extent, the result of the globalization of markets and the liberalization of international service-oriented turnover. The progressive globalization changes the conditions for the operation for the business entities of an international character. These companies, adapting to new market conditions, are seeking solutions which would allow them to maintain their competitiveness. One of the tools that companies use to improve their competitiveness is offshoring (BPO). This is a process related to the transfer of the implementation of production and service processes to the territory of another country. Location choice in the BPO decisions has become an important strand of the international business literature with a number of scholars examining the influence of host country variables such as property rights, intellectual property protection, public trust in politicians, government factors and others. Poland is the Central and Eastern European leader in the sector of modern business services. This country has many business service centers with foreign capital, which employ thousands of employees. Additionally, employment in this sector is systematically growing by 20% each year. Poland's attractiveness on the map of offshoring investment projects results mainly from a very well qualified and cheap workforce. Offshoring Centers located here offer both BPO and KPO services. 2017-01-01T00:00:00Z http://hdl.handle.net/11320/6426 Tytuł: The Risk of Hipothecary Credic Indexed to Swiss Franc Autorzy: Zemke, Jerzy Abstrakt: The idea of crediting and credit repayment is based on an assumption that each payment of the principal reduces the debt balance. This tendency is not followed in case of the hypothecary credit al-lowed and paid out in PLN and indexed to Swiss franc. Here, the balance of principal repaid in PLN is a function of currency exchange rate fluctuations. The situation denies then the idea of credit, according to which “you pay back as much as borrowed”. The cost of credit, calculated as a total of the LIBOR – credit in CHF (WIBOR – credit in PLN) rate and the bank’s margin specified in the contract. The purpose of the paper is to prove that a banking product like this does not meet the standards of crediting, the principal balance being dependent on the unforeseeable direction of changes. The purpose of the paper is to design a model of risk of the hypothecary credit indexed to Swiss franc, to enable the measurement of the loan payment risk. The model design methodology assumes control variables of the risk monitoring process to be included in the model structure. The estimated loan payment risk measures have revealed an upturn in the loan payment risk related to higher PLN/CHF rates and the resultant higher cost of credit accompanied by the loan principal growth. The risk dynamics estimations for the years 2006-2012 support the research thesis – the banking product analysed does not show the characteristics of a loan. Under growing PLN/CHF rates, the loan principal indexation translates into the debt balance escalation. 2017-01-01T00:00:00Z