POLISH STOCK MARKET DEVELOPMENT DURING THE DESTABILIZATION OF FINANCIAL MARKETS STARTED IN 2007
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| Title | POLISH STOCK MARKET DEVELOPMENT DURING THE DESTABILIZATION OF FINANCIAL MARKETS STARTED IN 2007 |
| Authors | |
| Abstract | There was a rapid destabilization of financial markets around the world in 2007. The main root of the crisis was excessive exposure to credit risk. Moreover, the risk has been transferred by innovative financial instruments to other investors. Financial markets detached themselves from the real economy. Prices started to depend on investors-speculators emotions. At the beginning problems appeared in the financial markets and then turned into the economic slowdown in the world. Both the destabilization of the stock markets and the economic slowdown followed unevenly. The global financial crisis affected countries in varying degrees.This article aims to assess the Polish stock market development compared to other European countries, particular the Central and Eastern Europe. The additional aim is to determine the prospects for its development in the future.The main research hypothesis is that during the crisis, markets shrink at different rates. It causes some markets to gain in relation to the rest of the markets.DOI: http://dx.doi.org/10.5755/j01.em.17.2.2168 |
| Publisher | Kaunas University of Technology |
| Date | 2012-08-17 |
| Source | EKONOMIKA IR VADYBA Vol 17, No 2 (2012) |
| Rights | Autorių teisės yra apibrėžtos Lietuvos Respublikos autorių teisių ir gretutinių teisių įstatymo 4-37 straipsniuose. |