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Wyniki wyszukiwania dla: banks
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Credit default swaps and banks
PublikacjaThis chapter aims to explore the evolving role of credit default swaps (CDS) in managing and transferring default risk from the perspective of banks from a holistic perspective. This chapter examines credit default swaps (CDSs) as derivative financial instruments that transfer credit risk on debt securities. While CDSs offer benefits such as risk management and risk trading, they also introduce potential systemic risks, as evidenced...
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Should Polish banks be domesticated?
PublikacjaThe financial crisis revealed vulnerabilities in the regulation and supervision of the banking system. The overarching goal of the proposal (Bazylea III and CRD IV) is to strengthen the resilience of the EU banking sector. The effects of these regulations will be detrimental to the Polish banking system and economy. This follows from the fact that listed banks in Poland are subsidiaries of international banking groups. The article...
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Security of export transactions in the offer of leading banks on the Polish market
PublikacjaThe following article presents the so-called conditioned payment methods, i.e. instruments for securing export transactions, such as letter of credit, documentary collection, bank guarantees, factoring and forfaiting. The characteristics of each particular method are presented as well as the transactions using them are described. In the following paper, the author included also the leading Polish banks, which offer the above- mentioned...
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Pro-Ecological Activities in Polish Financial Institutions on the Example of Selected Banks
PublikacjaThe character of the role that banks play in the economy provides them with an opportunity to positively affect the environment on multiple levels. The article aimed at characterizing and evaluating pro-ecological activities occurring in financial institutions in Poland. It compares pro-ecological activities undertaken by three different banks operating on the Polish market: BOŚ Bank SA, BNP Paribas Bank Polska SA and PKO Bank...
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Accelerated impedance spectrum measurement via multisine perturbationand digital filter banks
PublikacjaPrzedstawiono przyspieszoną metodę pomiaru widma impedancyjnego, zorientowaną na pomiary jakości powłok przeciwkorozyjnych, modelowanych liniowymi obwodami zastępczymi. Metoda polega na pobudzeniu układu wielosinusoidalnym sygnałem popudzającym oraz analizie pobudzenia i odpowiedzi obiektu przez bank filtrów cyfrowych. Przedstawiono podstawy teoretyczne metody oraz propozycję metodologii pomiaru. Przeanalizowano wyniki symulacji...
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CONSUMERS’ APPROACH TO THE CREDIBILITY OF THE INFLATION FORECASTS PUBLISHED BY CENTRAL BANKS: A NEW METHODOLOGICAL SOLUTION
PublikacjaModern monetary policy focuses on credibility and shaping inflation expectations. In keeping with the concept of inflation forecast targeting, the inflation forecasts published by central banks play a crucial role in the instrument rate decision-making process and may be treated as a specific intermediate target. This study proposes an inflation forecast credibility index, the scope of which is narrowed to non-specialists’ approach...
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Selection of optimal location and rated power of capacitor banks in distribution network using genetic algorithm
PublikacjaIn this paper, the problem of placement and rated power of capacitor banks in the Distribution Network (DN) is considered. We try to suggest the best places for installing capacitor banks and define their reactive power. The considered formulation requires the optimization of the cost of two different objectives. Therefore the use of properly multiobjective heuristic optimization methods is desirable. To solve this problem we use...
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Activity coordination of capacitor banks and power transformer controllers in order to reduce power losses in the MV grid
PublikacjaOne of the main issues related to the optimization of the MV (middle voltage) network is to reduce losses of active and reactive power. Lower losses of active and reactive power give not only economic advantage, but also improvement of energy quality. The object of regulation that can be used for these purposes are transformer with On-Load Tap Changer and capacitor's banks. This paper presents results of analysis of the possibility...
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Nutrients and Bioactive Components of Human Milk After one Year of Lactation. Implication for Human Milk Banks
PublikacjaObjective: Specifying the nutrient content and bioactive compounds in milk from long-term lactation for the purpose of finding additional sources of donors’ milk for HMBs. Method: Human milk samples were collected from 43 mothers of term infants (term infant human milk, TIHM) (3–6 weeks of lactation) and 50 mothers who have breastfed for over a year (long-nursing human milk, LNHM). The milk collection time was 24 hours. The analyses...
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Estimation of time-frequency complex phase-based speech attributes using narrow band filter banks
PublikacjaIn this paper, we present nonlinear estimators of nonstationary and multicomponent signal attributes (parameters, properties) which are instantaneous frequency, spectral (or group) delay, and chirp-rate (also known as instantaneous frequency slope). We estimate all of these distributions in the time-frequency domain using both finite and infinite impulse response (FIR and IIR) narrow band filers for speech analysis. Then, we present...
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Economics of credit scoring management
PublikacjaCredit scoring models constitute an inevitable element of modern risk and profitability management in retail financial lending institutions. Quality,or separation power of a credit scoring model is usually assessed with the Gini coefficient. Generally, the higher Gini coefficient the better, as in this way a bank can increase number of good customers and/or reject more bad applicants. In...
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QUANTITATIVE EASING POLICY AND ITS IMPACT ON THE GLOBAL ECONOMY
PublikacjaBased on the analysis of the impact of quantitative easing policies on the global economy, there was concluded that the world’s largest central banks and widespread debt stimulation have created the model of economic growth. This model was based on the productivity growth. The lack of productivity growth in the developed world, the active integration of developing countries (first of all China and India) in the global economy have...
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THE PROBLEM OF THE BANKING SYSTEM STABILITY IN THE LITERATURE
PublikacjaThe article is an overview of the literature output in the field of banking sector stability. In the literature a plethora of definitions of the term may be encountered. There is no universal definition of the term. Therefore, the article proposes a unique division of the existing explanations into the following groups: stability determined by the quality of the banking sector, stability in terms of its influence on the macroeconomic...
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Banking concentration in the Baltic and Western Balkan states — selected issues
PublikacjaResearch background: In a rapidly changing economic environment companies deepen their cooperation, which entails in all sectors of the economy. The progressive increase in market concentration, especially in the banking sector, is caused by various reasons. Purpose of the article: The purpose of this article is to compare the tendencies within market structures in few countries which origin from similar political systems and...
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Innowacje jako wyzwanie dla działań marketingowych banków komercyjnych
PublikacjaW referacie przedstawiona została istota innowacji w funkcjonowaniu banków komercyjnych na rynku polskim. Na podstawie danych statystycznych przeprowadzona została analiza poziomu innowacyjności banków i innych instytucji finansowych z uwzględnieniem zróżnicowania podmiotowego oraz ze względu na rodzaje innowacji. W pracy zidentyfikowane zostały również podstawowe grupy czynników wpływających na innowacje i związane z nimi działania...
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Model of the Internet mortgage market optimization
PublikacjaThe Internet mortgages are currently a fast growing market, allowing selling mortgages cheaper andfaster than in the traditional methods such as in bank departments.Given the specificity of selling mortgages in the Internet, banks try to sell more mortgages by spendingmore money on advertising and paying higher commission to the brokers selling their products. It is important tooptimise the amounts of money in both sectors (the...
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Maturity Mismatch in the Polish Banking System and its Impact on the Economy
PublikacjaIn the article maturity mismatch in the Polish banking system is estimated based on the publicly available data. Then the impact on the economy is discussed. Based on Polish central bank’s data it may be estimated that between 1996 and 2012 the maturity gap increased significantly – average residual maturity of assets exceeds 6 years in 2012 (less than 2 years in 1996), while that of liabilities remains below 1 year. The gap...
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PROMOWANIE USUGI PRZELEWU NATYCHMIASTOWEGO BLUECASH W BANKACH SPÓŁDZIELCZYCH
PublikacjaCelem pracy jest prezentacja Systemu Płatności BlueCash, którego operatorem jest firma Blue Media S.A.. Wskazuje on również na charakterystykę usługi szybkiego przelewu. Celem szczegółowym jest wskazanie na formy promocji stosowane przez banki w celu poinformowania klientów o dostępności płatności natychmiastowych. Tytułem zebrania danych na temat form promocji, autor przeprowadził badanie ankietowe pośród banków uczestników systemu płatności.
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When all we have is not enough: a search for the optimal method of quantifying inflation expectations
PublikacjaAlthough inflation expectations are pivotal variables for central banks, they are not directly observable. Therefore, central banks use qualitative survey results to proxy consumer expectations, and their quantification in this manner is often criticized. In this study, we investigate and identify an optimal quantification procedure for survey results based on a set of regression and probabilistic models. Specifically, we seek...
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Harmonics produced by traction substations – computer modelling and experimental verification
PublikacjaVoltage and current harmonics have a detrimental effect on the components of a power system. Current harmonics may result in the overload and damage to power transformers. Voltage harmonics may result in, for example, damage to capacitor banks used to compensate reactive power. Devices which contribute to both current and voltage distortion include traction rectifiers. This paper presents results of the computer investigation of...
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Inflation Forecast or Forecast(s) Targeting?
PublikacjaThe paper refers to L.E.O. Svensson’s concept of inflation forecast targeting (IFT) and its implementation by central banks of Sweden, Norway and the Czech Republic. The study focuses on (1) inflation forecasts published by selected central banks, i.e.headline inflation and core or monetary policy-relevant (MPR) inflation, which are made on the assumption of endogenous instrument rate, (2) one-year consumer...
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Higher harmonics produced by traction substations – computer modelling and experimental verification
PublikacjaVoltage and current harmonics have a detrimental effect on the components of a power system. Current harmonics may result in the overload and damage to power transformers, although the rms value of load current does not exceed their current-carrying capacity. Voltage harmonics may result in, for example, damage to capacitor banks used to compensate reactive power. Devices which contribute to both current and voltage distortion...
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Estimation of Housing Demand with Adaptive Neuro-Fuzzy Inference Systems (ANFIS)
PublikacjaIt has always been important to anticipate the demand for a product. To determine the demand for any product, the parameters such as the economic situation and the demands of the rival products are used generally. Especially in the housing sector, which is the locomotive sector for emerging countries, it is critical to anticipate housing demand and its relationship with economic variables. Because of that, economists, real estate...
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Superkomputery do wspomagania procesów gospodarczych ze szczególnym uwzględnieniem sektora bankowego
PublikacjaW artykule omówiono wykorzystanie superkomputerów do wspomagania procesów gospodarczych ze szczególnym uwzględnieniem sektora bankowego. Odniesiono się do wybranych projektów wspierających rozwój gospodarczy w oparciu o superkomputery. W szczególności zaproponowano zastosowanie HPC do implementacji wybranych metod sztucznej inteligencji w bankowości, w tym oceny ryzyka wybranych przedsięwzięć. Zaproponowane podejście umożliwia...
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Systemowe ryzyko płynności w polskim systemie bankowym – determinanty i trendy
PublikacjaCelem rozprawy jest określenie metod pomiaru systemowego ryzyka płynności oraz pomiar tego ryzyka dla polskiego systemu bankowego za pomocą zaproponowanych metod, w oparciu o dostępne dane. Do celów rozprawy zaliczyć należy również przedstawienie problemu systemowego ryzyka płynności od strony jego wpływu na gospodarkę. Zgodnie z hipotezą główną, systemowe ryzyko płynności w polskim systemie bankowym w latach 1996-2012 wzrosło....
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Development of banking sectors in Kosovo and Montenegro in the years 2000 - 2010
PublikacjaThe article presents main aspects of development of banking markets in two Balkan countries - Kosovo and Montenegro. Both of them are charaterised by similar recent history, both in political and economical fields. Their financial sectors have had to be built almost from scretch. The author describes stages of development of competition in the banking sectors, using the following ratios: performace, structure, liquidity. The data...
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Single-phase, Five-level Inverter with SPWM-Based Neutral Point Voltage Balancing Scheme
PublikacjaMultilevel inverter topologies provide several advantages over two-level inverter configuration. These benefits are the reason for the growing interest in multilevel topologies among research society. One of the most popular topological concepts (diode and active switch clamping) requires neutral-point potential balancing due to series-connected capacitor banks across the input dc link in such derived inverter configurations. This...
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Onboard Energy Storage and Power Management Systems forAll-Electric Cargo Vessel Concept
PublikacjaThis paper presents an innovative approach to the design of a forthcoming, fully electric-powered cargo vessel. This work begins by defining problems that need to be solved when designingvessels of this kind. Using available literature and market research, a solution for the design of apower management system and a battery management system for a cargo vessel of up to 1504 TEUcapacity was developed. The proposed solution contains...
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Eurozone or National Inflation Projections: Which has Greater Impact on Consumer Expectations?
PublikacjaWe compare the dependence of consumer inflation expectations on European Central Bank (ECB) inflation projections with that on national central bank (NCB) projections in four economies: Austria, Belgium, Finland, and Germany. We aim to assess whether the information published by central banks affects consumers, and whether inflation projections published by NCBs are more relevant to consumers than those published for the entire...
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A Simulation Model for Risk and Pricing Competition in the Retail Lending Market
PublikacjaWe propose a simulation model of the retail lending market with two types of agents: borrowers searching for low interest rates and lenders competing through risk-based pricing. We show that individual banks observe adverse selection, even if every lender applies the same pricing strategy and a credit scoring model of comparable discrimination power. Additionally, the model justifies the reverse-S shape of the response rate curve....
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Infrastruktura ładowania pojazdów elektrycznych
PublikacjaW artykule przedstawiono przegląd zagadnień z zakresu infrastruktury ładowania pojazdów elektrycznych. Przeanalizowano wpływ dużej liczby pojazdów EV na system elektroenergetyczny. W analizie uwzględniono zarówno wzrastające zapotrzebowanie na moc jak też na zapewnienie wysokiej jakości energii elektrycznej. Pokazano ideę wykorzystania pojazdów EV jako magazynów energii w systemie elektroenergetycznym. Zaprezentowano podstawowe...
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Spatial Visualization Based on Geodata Fusion Using an Autonomous Unmanned Vessel
PublikacjaThe visualization of riverbeds and surface facilities on the banks is crucial for systems that analyze conditions, safety, and changes in this environment. Hence, in this paper, we propose collecting, and processing data from a variety of sensors—sonar, LiDAR, multibeam echosounder (MBES), and camera—to create a visualization for further analysis. For this purpose, we took measurements from sensors installed on an autonomous, unmanned...
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Automatyczna weryfikacja klienta bankowego w oparciu o multimodalne technologie biometryczne
PublikacjaW referacie przedstawiono przegląd rozwiązań wykorzystywanych w bankach do weryfikacji tożsamości klientów. Ponadto zawarto opis metod biometrycznych aktualnie wykorzystywanych w placówkach bankowych wraz z odniesieniem do skuteczności i wygody korzystania z dostępnych rozwiązań. Zaproponowano rozszerzenie zakresu wykorzystania technologii biometrycznych, wskazując kierunek rozwoju systemów bezpieczeństwa dla poprawy dostępu do...
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Energy Demand of Short-Range Inland Ferry with Series Hybrid Propulsion Depending on the Navigation Strategy
PublikacjaInterest in hybrid propulsion systems that can be used on small vessels has increased significantly in recent years. They can replace inefficient and environmentally burdensome conventional systems based on diesel engines. Hybrid propulsion has many advantages such as high energy efficiency and virtually noiseless operation, and therefore it fits well with the current trends of “green shipping” and “zero emission”. The aim of the...
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Analysing the Residential Market Using Self-Organizing Map
PublikacjaAlthough the residential property market has strong connections with various sectors, such as construction, logistics, and investment, it works through different dynamics than other markets; thus, it can be analysed from various perspectives. Researchers and investors are mostly interested in price trends, the impact of external factors on residential property prices, and price prediction. When analysing price trends, it is beneficial...
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Low-Voltage Low-Power Filters with Independent ω0 and Q Tuning for Electronic Cochlea Applications
PublikacjaAn acoustic second-order low-pass filter is proposed for filter banks emulating the operation of a human cochlea. By using a special filter structure and an innovative quality (Q)-factor tuning technique, an independent change of the cutoff frequency (ω0) and the Q-factor with unchanged gain at low frequencies is achieved in this filter. The techniques applied result in a simple filter design with low Q-factor sensitivity to component...
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Contactless hearing aid designed for infants
PublikacjaIt is a well known fact that language development through home intervention for a hearing-impaired infant should start in the early months of a newborn baby's life. The aim of this paper is to present a concept of a contactless digital hearing aid designed especially for infants. In contrast to all typical wearable hearing aid solutions (ITC, ITE, BTE), the proposed device is mounted in the infant's bed with any parts of its set-up...
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Economic crisis in Croatia
PublikacjaCroatia is becoming the 28th member of the European Union on July 1st, 2013. Croatia has gone a long way from a socialistic republic to an independent country recognized as one of the economic tigers of the Western Balkans in the first decade of the 21st century. Croatia has been hit by a global crisis which turned out to be a huge external shock for the region of the Western Balkans. Although it does not enter the economy through...
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Can high hydrostatic pressure processing be the best way to preserve human milk?
PublikacjaBreastfeeding is one of the most important factors influencing proper child development. When a mother cannot breastfeed, the best alternative, especially for feeding premature infants, is to then use of human milk (HM) which has been collected, preserved and stored in Human Milk Banks (HMB). Scope and approach: In this review, the impact of some stages of the management of HM in HMB on its final biological value and microbiological...
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The importance of CEFTA 2006 for Western Balkan countries
PublikacjaFree foreign trade is one of the most important issues all over the world. The impact of bilateral trade can be studied both from economic as well as political perspectives; when it improves economic development, it also creates the conditions for international stability. The aim of the article is to conduct a comparison of the changes to export trade flow in the Central European Free Trade Agreement 2006, with reference to countries...
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The Effect of Hyperbaric Storage on the Nutritional Value and Retention of Certain Bioactive Proteins in Human Milk
PublikacjaHuman milk (HM) contains the essential macronutrients and bioactive compounds necessary for the normal growth and development of newborns. The milk collected by human milk banks is stored frozen and pasteurized, reducing its nutritional and biological value. The purpose of this study was to determine the effect of hyperbaric storage at subzero temperatures (HS-ST) on the macronutrients and bioactive proteins in HM. As control samples,...
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Economic Situation in Balkan Countries in the First Decade of 21st Century
PublikacjaThe recent economic crisis affected most of the countries in the world to a greater or lesser extent, including small economies sector. Small economies are a distinctive group of countries distinguished by particular qualities. They are dependent on trade exchange or international investment stream, and both their aggregate demand and supply, and price level depend on the development of the big economies dynamics. This is the reason...
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Corporate Governance and Ownership Structure in the Top 30 Listed Non Financial Companies in Poland
PublikacjaThis paper offers a first analysis of the relationships between corporate governance models and rules and ownership structure of the top 30 Polish firms listed at the WSE (not considering foreign firms and/or the Polish branches of foreign firms listed at the same stock exchange, nor the financial companies and the banks). The general picture depicted by this analysis is putting into evidence the increasing importance of institutional...
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The impact of freeze-thaw processes on a cliff recession rate in the face of temperate zone climate change
PublikacjaFreeze-thaw action is a common type of geomorphological processes eroding cliff faces in the temperate climate zone. In our previous study, we assessed the geomorphological effects of freeze-thaw fluctuations occurring within the cliff of Jeziorsko Reservoir (central Poland). Based on those findings, we have now determined the number of freeze-thaw cycles to assess their historical impact on the studied cliff. We have also traced...
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Industry-level analysis of COVID-19’s impact in emerging markets – evidence from Pakistan
PublikacjaPurpose – The main purpose of this study is to evaluate COVID-19’s impact on the emerging stock markets. Design/methodology/approach – To evaluate the influence of COVID-19, this study uses a novel method of event study methodology to measure the impact of COVID-19 on emerging stock markets. The research’s sample includes a total of 79 firms from 26 industries that are included in the KSE-100 Index from the Pakistan Stock Exchange....
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Mathematical Modeling of Ice Thrusting on the Shore of the Vistula Lagoon (Baltic Sea) and the Proposed Artificial Island
PublikacjaCoastal lagoons are inland and shallow water bodies, separated from the ocean by a barrier. In cold regions, ice phenomena in shallow water coastal lagoons occur every winter season. Ice is predominantly formed on the surface due to density stratification and surface cooling. The ice dynamics in such areas are dominantly affected by winds. Water dynamics also cause ice movement, but due to the large areal scale of lagoons, the...
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THE CONCEPT AND THE STATE OF RESEARCH ON THE PERFORMANCE OF FAMILY BUSINESSES
PublikacjaPurpose: This study's primary goal is to present the theoretical concept of family enterprises. Specifically, the results of earlier studies and the issues facing this field of research now will be described. The article also examines the underlying impacts that family control has on business management in order to fill the research gap left by earlier studies on the performance differences between family and non-family enterprises....
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Rewitalizacja historycznego zespołu pałacowo-parkowego w Lokalnym Programie Rewitalizacji Wejherowa (2008-2015). Revitalisation of the Historic Palace and Park in the Local Revitalisation Program of Wejherowo (2008-2015)
PublikacjaW latach 1990. po upadku komunizmu w Polsce, przestrzeń publiczna w Wejherowie - podobnie jak i w innych miastach Polski była w dużym stopniu zdegradowana. W 2008 roku władze miasta Wejherowa opracowały i zatwierdziły "lokalny program rewitalizacji na lata 2008-2015", który dotyczył głównie centrum miasta. Miał on być w dużym stopniu finansowany przez Unię Europejską..Jedną z najbardziej eksponowanych przestrzeni publicznych, które...
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Możliwości sterowania mocą bierną elektrowni wiatrowej : Reactive power control methods in wind parks
PublikacjaReferat poświęcony jest zagadnieniu sterowania mocą bierną w elektrowniach wiatrowych. W pierwszej części referatu opisano tło problemu sterowania mocą bierną w parkach wiatrowych, podano powody, dla których moc bierna powinna podlegać regulacji oraz zarysowano metody, które mogą być do niej użyte. W celu sprawdzenia proponowanych metod kompensacji, zbudowano model matematyczny elektrowni wiatrowej, którego poszczególne elementy...
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Effects of hospital facilities on patient outcomes after cancer surgery: an international, prospective, observational study
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