Pokaż uproszczony rekord

dc.contributor.authorWiśniewski, Piotr
dc.contributor.editorKamiński, Tomasz
dc.date.accessioned2017-02-13T11:50:15Z
dc.date.available2017-02-13T11:50:15Z
dc.date.issued2017
dc.identifier.citationP. Wiśniewski, The Competitiveness of Central and Eastern European (CEE) Financial Markets, [w:] T. Kamiński (ed.), Political Players? Sovereign Wealth Funds’ Investments in Central and Eastern Europe, Wydawnictwo Uniwersytetu Łódzkiego, Łódź 2017, s. 45-60, doi:10.18778/8088-331-4.04.pl_PL
dc.identifier.isbn978-83-8088-331-4
dc.identifier.urihttp://hdl.handle.net/11089/20538
dc.descriptionAlthough there has been vivid academic debate as to what extent Sovereign Wealth Funds (SWFs) are motivated by political reasons, it is rather clear that countries can use state-owned investment funds as a tool of their foreign policy. Even Barack Obama, during his initial presidential campaign in 2008 commented: “I am obviously concerned if these… sovereign wealth funds are motivated by more than just market consideration and that’s obviously a possibility”. This book looks at SWF activities in Central and Eastern Europe (CEE) to determine the main motives for SWF presence in CEE. Are the potential financial gains the only reason behind their investments? Are SWF activities in the region dangerous for the stability and security of the CEE countries? The book is pioneering analyses of SWFs behaviour in the region, based on empirical data collected from the Sovereign Wealth Fund Institute Transaction Database, arguably the most comprehensive and authoritative resource tracking SWF investment behaviour globally.pl_PL
dc.descriptionRozdział pochodzi z książki: Political Players? Sovereign Wealth Funds’ Investments in Central and Eastern Europe, T. Kamiński (ed.), Wydawnictwo Uniwersytetu Łódzkiego, Łódź 2017.
dc.description.abstractThe research seeks to gauge the global competitiveness of Central and Eastern European (CEE) financial markets. The assessment is made using quantitative and hybrid metrics of financial centre development while placing particular emphasis on competitiveness drivers relevant to the activity of global sovereign wealth funds (SWFs) in the CEE region.en
dc.description.sponsorshipThis book was published in frames of project “Political significance of the Sovereign Wealth Funds’ investments in the Central and Eastern Europe”. The project was financed by the Polish National Science Centre (Decision no. DEC-2012/07/B/HS5/03797).pl_PL
dc.language.isoenpl_PL
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl_PL
dc.relation.ispartofPolitical Players? Sovereign Wealth Funds’ Investments in Central and Eastern Europe, T. Kamiński (ed.), Wydawnictwo Uniwersytetu Łódzkiego, Łódź 2017
dc.rightsUznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/pl/*
dc.subjectCentral and Eastern European (CEE)en
dc.subjectfinancial marketsen
dc.subjectWarsaw Stock Exchange (WSE)en
dc.subjectCEE Stock Exchange Group (CEESEG)en
dc.subjectsovereign wealth funds (SWFs)en
dc.subjectfinancial centresen
dc.titleThe Competitiveness of Central and Eastern European (CEE) Financial Marketspl_PL
dc.typeBook chapterpl_PL
dc.rights.holder© Copyright by Piotr Wiśniewski, Łódź 2017, © Copyright for this edition by Uniwersytet Łódzki, Łódź 2017pl_PL
dc.page.number[45]-60pl_PL
dc.contributor.authorAffiliationWarsaw School of Economicspl_PL
dc.identifier.eisbn978-83-8088-332-1
dc.referencesAït-Sahalia Y., Xiu D. (2015), Increased Correlation Among Asset Classes: Are Volatility or Jumps to Blame, or Both?, “Chicago Booth Research Paper”, no. 14–11; “Fama-Miller Working Paper”, Chicago, p. 1–34.pl_PL
dc.referencesBardalai A. et al. (2015), UK Fund Management – An Attractive Proposition for International Funds, “TheCityUK”, London, November, p. 20.pl_PL
dc.referencesBolton P. et al. (2012), Sovereign Wealth Funds and Long-Term Investing, Columbia University Press, p. 1–288.pl_PL
dc.referencesBourse Consult (2013), From Local to Global. Building a Modern Financial Centre, Special Interest Paper for the City of London Corporation, p. 1–19.pl_PL
dc.referencesCAIA (2016), definition by Chartered Alternative Investment Analyst Association (CAIA) available online at: https://www.caia.org/ [accessed: 1.09.2015].pl_PL
dc.referencesCEESEG (2015), The Year 2014 at the (Central and Eastern European) CEE Stock Exchange Group, Wiener Börse, pp. 1–4.pl_PL
dc.referencesChoueifaty Y., Coignard Y. (2008), Toward Maximum Diversification, “The Journal of Portfolio Management”, vol. 35(1), p. 40–51.pl_PL
dc.referencesCity of London (2013), From Local to Global. Building a Modern Financial Centre, Special Interest Paper for the City of London Corporation, p. 1–19.pl_PL
dc.referencesGál Z. (2015), Development of International Financial Centers in Central and Eastern Europe during Transition Period and Crisis. The Case of Budapest, “Regional and Local Studies”, no. 2(60), p. 53–80.pl_PL
dc.referencesGiannetti M., Liao G. (2013), Brain Drain or Brain Gain? Evidence from Corporate Boards, VOX – CEPR’s policy portal available online at: http://voxeu.org/article/brain-drain-or-brain-gain-evidence-corporateboards [accessed: 1.09.2015].pl_PL
dc.referencesInvestopedia (2016), definition available online at: http://www.investopedia. com/terms/a/alternativeassets.asp [accessed: 1.09.2015].pl_PL
dc.referencesKern S. (2010), Global Financial Centres after the Crisis, Deutsche Bank Research, Financial Market Special, EU Monitor 76, Frankfurt am Main, p. 1–12.pl_PL
dc.referencesKurnyaeva Y. (2012), Flights-to-Safety: Evidence from Eastern European Countries, Tilburg University, Tilburg, p. 1–42.pl_PL
dc.referencesMadden R., Wan Nursofiza W.A. (2015), Skill Gaps in the Financial Services Industry in Malaysia, Asian Institute of Finance, p. 1–44.pl_PL
dc.referencesMichie J., Oughton C. (2015), Measuring Diversity in Financial Services Markets: A Diversity Index, Centre for Financial and Management Studies, Discussion Paper Series, Discussion Paper No. 113, p. 1–31.pl_PL
dc.referencesMSCI (2016), Emerging Markets Europe Index methodology available online at: https://www.msci.com/resources/factsheets/index_fact_sheet/msciemerging- markets-europe-index-usd-net.pdf [accessed: 1.09.2015].pl_PL
dc.referencesNystedt J. (2004), Derivative Market Competition: OTC Markets Versus Organized Derivative Exchanges, International Monetary Fund (IMF) IMF Working Paper, Policy Development and Review Department, WP/04/61, Washington, D.C., p. 1–47.pl_PL
dc.referencesOdonnat I. (2008), The Conditions for a Positive Contribution of Sovereign Wealth Funds to the World Economy, Trésor Economics No. 28, Ministère de l’Économie, des Finances et de l’Emploi, Direction Générale du Trésor et de la Politique économique, Paris, p. 1–8.pl_PL
dc.referencesRose P. (2014), Sovereign Shareholder Activism: How SWFs Can Engage in Corporate Governance, Harvard Law School Forum on Corporate Governance and Financial Regulation, https://corpgov.law.harvard. edu/2014/08/07/sovereign-shareholder-activism-how-swfs-can-engage-incorporate- governance/ [accessed: 1.09.2015].pl_PL
dc.referencesSarr A., Lybek T. (2002), Measuring Liquidity in Financial Markets, International Monetary Fund (IMF), IMF Working Paper No. 02/232, Washington, D.C., p. 1–63.pl_PL
dc.referencesSecurities Industry Association (2008), The Key Building Blocks of World Class Financial Centers, New York, p. 1–15.pl_PL
dc.referencesSomers D. (2015), European Exchange Report, Federation of European Securities Exchanges (FESE) Economics and Statistics Committee (ESC), Brussels, Belgium, p. 1–27.pl_PL
dc.referencesSWFI (2016), league tables of global SWFs, http://www.swfinstitute.org/ sovereign-wealth-fund-rankings/ [accessed: 1.09.2015].pl_PL
dc.referencesWalter I. (1998), The Globalization of Markets and Financial Center Competition, INSEAD, Fontainebleau, p. 1–35.pl_PL
dc.referencesWiśniewski P. (2015), Inteligentna beta (ang. smart beta) jako nowa strategia inwestycyjna państwowych funduszy majątkowych (ang. sovereign wealth funds) – Smart Beta as a New Investment Strategy by Sovereign Wealth Funds (SWFs), http://ssrn.com/abstract=2609694, p. 401–410 [accessed: 1.09.2015].pl_PL
dc.referencesWorld Economic Forum (2016), Global Competitiveness Indices – Methodology (The 12 Pillars of Competitiveness), http://reports.weforum.org/globalcompetitiveness- report-2014-2015/methodology/ [accessed: 1.09.2015].pl_PL
dc.referencesZ/Yen (2015), Global Financial Centres Index (GFCI), The Z/Yen Group/Long Finance and Qatar Financial Centre, Edition 17 (March 2015), p. 1–54.pl_PL
dc.identifier.doi10.18778/8088-331-4.04


Pliki tej pozycji

Thumbnail
Thumbnail
Thumbnail

Pozycja umieszczona jest w następujących kolekcjach

Pokaż uproszczony rekord

Uznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska
Poza zaznaczonymi wyjątkami, licencja tej pozycji opisana jest jako Uznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska