INSTITUTIONAL CONDITIONING OF THE DEVELOPMENT OF CAPITAL MARKET IN POLAND
DOI:
https://doi.org/10.12775/EiP.2006.018Abstract
The capital market fulfils certain functions in the economy. It is widely thought that the capital market is its pillar. This statement poses a challenge to definition of the state and the circumstances of its development. Present tendencies at the developed capital markets i.e. globalisation, liberalisation, competition, mergers, alliances cause that one should outline the ways of the development of Polish investment market.
The extensiveness of the subject causes that the author of the paper decided to focus the analytical attention on the institutional conditions of the stock-exchange share market.
Further parts of the article define the term of the institutionalism and the essence of the institution. The separation of the components of the given definition allowed for the analysis of the existing state and of the conditions of the development of the capital market in the light of legal regulations. Then the strategy of the Warsaw Stock Exchange was described, embedded in its progress determinants. The paper closes with the section concerning the supply – demand conditions of the development of the stock exchange market.
References
Blaug M., Teoria ekonomii. Ujęcie retrospektywne, PWN, Warszawa 2000.
Darst D. M., The Handbook of The Bond and Money Markets, McGraw-Hill Book Company, New York 1981.
Dzierżanowski M., Tamowicz P., IBnGN o przyszłości GPW, http://www.pfcg.org.pl/article/2700.
Gruszczyńska-Brożbar E., Giełdowa alokacja kapitałów pieniężnych, Wydawnictwo AE w Poznaniu, Poznań 2002.
Januszkiewicz W., Giełdy w gospodarce światowej, PWN, Warszawa 1991.
Kołodko G., Instytucje i polityka a wzrost gospodarczy, Ekonomista nr 4/2004.
North Douglass C., The Contribution of the New Institutional Economics to an Understanding of the Transition Problem, WIDER Annual Lectures, Helsinki UNU/WIDER, March 1997.
Polski rynek kapitałowy 2010. Między potrzebami gospodarki a wyzwaniami integracji, red. Dzierżanowski M., IBnGR, Gdańsk luty 2004.
Polski rynek kapitałowy w rok po przystąpieniu do Unii Europejskiej, KPWIG, Warszawa VI/2005.
Robinson J., Eseje z teorii wzrostu gospodarczego, PWN, Warszawa 1964.
Rozłucki W., Przyszłość Warszawskiej Giełdy Papierów Wartościowych, Zeszyty BRE Bank-CASE 64, Warszawa 2003.
Rozwój instytucjonalny. Poradnik dla samorządów terytorialnych, red. Mazur S., Małopolska Szkoła Administracji Publicznej AE w Krakowie, http://www. msap.ae.krakow.pl.
Socha J., Rynek papierów wartościowych w Polsce, OLYMPUS, Warszawa 2003.
Stiglitz J., More Instruments and Broader Goals: Moving Toward the Post Washington Consensus, WIDER Annual Lectures, Helsinki UNU/WIDER, January 1998.
System finansowy w Polsce, red. Pietrzak B., Polański Z., Woźniak B., Wydawnictwo Naukowe PWN, Warszawa 2003.
Downloads
Published
How to Cite
Issue
Section
Stats
Number of views and downloads: 336
Number of citations: 0