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EN
The stock markets in Eastern Europe went through a period of rapid growth. Those which joined the EU had to integrate with Western Europe on various levels, which had important implications for their equity price development during the subprime mortgage crisis. The aim of the paper is to analyze the developments in the stock markets of Eastern European countries before and during the subprime crisis and to evaluate the hypothesis of disappearing portfolio diversification opportunities in the region. Through the application of correlation analysis, Markowitz mean variance approach and portfolio optimisation strategy based on the Sharpe ratio, it is shown that diversification opportunities for a US investor in the Eastern European region have largely disappeared.
EN
The area of biomedicine is one of the fastes developing areas of science and technology. The perception of its possible and expected positive or negative impacts results in the growing number of bioethical discussions in scientific community, politics and public. Their intensity, focus and used methods differ from country to country. The authors of the prologue have tried to map the state of the art and expected development of bioethical discussion in the countries of Middle and Eastern Europe. In the beginning, they addressed the bioethical experts with short questionnaire from 7 'new' European countries (Croatia, Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) and two 'old' European countries (Germany and Austria). In the end, seven experts have responded their questions (Czech Republic, Poland, Romania, Slovakia, Austria and Germany) and expressed their expectations and difficulties of the development of bioethical discussions and institutionalisations in their countries. The authors summarize in the prologue the most interesting results.
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EN
A wave of strikes in the summer of 1980 and which were the consequence of the birth of "Solidarity" was an event that many historians and political scientists considers appropriate beginning the agony of the system of real socialism in Central and Eastern Europe. not is no, and probably will not be complete agreement as to which factor played a the most important role in the birth of the largest social movement in the past Polish history.
EN
The administration of George Bush Senior strove to influence the democratic changes in the countries of the disintegrating Eastern bloc in accordance with its own interests connected with building a new system of security created by Washington, based on Euroatlantic structures and the conception of political-economic transformation of the Soviet Union and its satellites. Propagation of democracy, a political conception initiated by Ronald Reagan, employed propaganda, economic and political instruments as well as means within the scope of foreign aid in order to support anti-communist opposition and interfere in processes of system reforms in the Eastern bloc. In the discussed period, a gradual evolution of American policy can be observed, consisting in a separation of policy toward the Soviet Union from relations with its hitherto satellites. This policy of 'democratic differentiation' favored countries with the fastest rate of liberal transformations. Its instrument was foreign aid, provided among others on the basis of the Support for Eastern European Democracy Act (SEED) by agendas of the American administration - Department of State, U.S. Agency for International Development (USAID), National Fund for Democracy (NED) and non-government organizations.
EN
This paper investigates the unemployment rate dynamics in Poland, Hungary, Slovakia, Latvia, Lithuania, Estonia, Bulgaria, Romania and Ukraine during 2000 – 2017. To analyse the dynamics of unemployment rate we constructed econometric regression models with nonlinearities that arose due to discrete changes in modes. We developed Markov switching model that allowed capturing the regularities by modelling the asymmetry in the unemployment rate during contractionary and expansionary states of the labour market. We evaluated two regimes of unemployment behaviour that were associated with high and low unemployment levels and estimated the transition probabilities of regime change and average expected durations in each regime. The comparison of mean and volatility of different regimes and the one-step ahead predictions of the regime probabilities for different countries revealed the labour market specifics for each country and showed differences in the flexibility of their reactions to changing economic environment.
Porównania
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2008
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vol. 5
43-54
EN
The article presents and interprets within the postcolonial context the specific reversal that takes place in the poet's thoughts on culture in the 30s that lead to a positive qualification of the cultural lack and the critique of the modern culture. Mickiewicz disappointed with it (treating it as a colonization culture and a culture that legalizes the doings of Russia) begins to build a vision of culture based on spiritual and moral values, supported by ressentiment (the climax of this approach is rendered in 'Paris lectures'). Thus a vision of the identity of a Slav and Pole is created by the poet (its inconsistency should be noticed because on the one hand it is a vision of the Other in Europe, and on the other hand, this vision is within the cultural model of Europe). This is another anticolonial motif of Mickiewcz's story about the Slavs: an attempt to reintroduce their literary output to the European historiography. Exposing the Slavic cultural deficiency by Mickiewicz leads to a reversal of the colonial argument - the cultural deficiency is an advantage and not something that should be made up for. The poet transforms the old identity language of I RP into a language of messianism (based on the category of sacrificial suffering) that is an answer to the situation of colonization.
EN
Small parties can be recognized as very interesting phenomena of modern democracy. Nevertheless, they are often ignored by political scientists. Such approach may be recognized as quite reasonable because in most cases only the winners obtain influence on the decision-making process. This monopoly makes them naturally interesting for analysts. However, much scientific interest is attracted by green and radical parties that might certainly be treated as small ones. In this context the problem of defining ‘smallness’ becomes one of the greatest importance. Hitherto some research concerning small parties in Western Europe were conducted. Notwithstanding there were no such efforts made in Eastern European countries. It means that searching for the conceptualization of the ‘smallness’ in this region is still a challenging task. Moreover, small parties have a great impact on structure of competition in Eastern Europe as party systems of the region are in many cases much more fragmented than in Western European countries.
EN
The study of credit risk has gained significant importance in the aftermath of the global financial crisis of 2007 – 2008. Estimating the determinants of non-performing loans (NPLs), as an important indicator of credit risk in the banking sector, is essential for financial stability policies. The main goal of this research is to examine the determinants of NPLs in Central and Eastern European countries (CEE). This paper analyses macroeconomic, structural, and bank-specific determinants of NPLs for 17 CEE countries for the period 2006 – 2017 by utilizing panel data and the fixed effects model. Although the literature on NPLs is quite extensive, this is the first empirical research with such a large number of countries from the CEE region using country-level data. The baseline analysis suggests that the unemployment rate, inflation rate, credit growth, crisis, bank concentration, and regulatory quality have a significant impact on NPLs. Unexpectedly, the law enforcement of creditor rights, proxied by various indicators, is not a statistically significant determinant of NPLs. The result of the study contributes to the literature on banking regulation and supervision, especially in the context of the CEE region.
Sociológia (Sociology)
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2009
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vol. 41
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issue 6
507 – 525
EN
Sociology as an institution emerged in Western Europe in the mid-19th century, aiming at the analysis of societies in the process of industrialization. With the expansion of capitalism and industrialism, it also expanded into other regions of the world. Central and Eastern Europe (CEE), Poland being an example, was a region of delayed industrialization. It was an area in which rather ethnology than sociology was interested initially. Intellectual milieus of the region were very well educated and cosmopolitan. Many Western European ideas were studied here and attempts to implement them were strong. At the same time, many CEE intellectuals underlined the specific character of the region. As a consequence, within the spectrum of attitudes toward the scholarly analysis of CEE societies, we could distinguish two “ideal-type” options. One of them stressed that it was possible to build academic sociology in and of CEE, based on the rules of universal sociology, developed in the West. Other ideas opted for the building of the CEE sociology, which would be based on the specific historical experiences of the region. For the second option, CEE sociology was to be an alternative to the Western sociology or social sciences in general. The paper concentrates on the Polish case without neglecting other cases. It will discuss both historical and present situation, that emerging since 1989. CEE became much more open as a study area for Western scholars who have done a lot of their own research here in collaboration with their colleagues coming from the region itself. The ways in which this collaboration has been perceived by the “native” scholars is also a topic of analysis.
EN
The collapse of the state-socialist regimes at the end of the 1980s brought out the idea that liberalism and globalization were synonyms of development and well-being in general. The opening-up of the post-socialist economies was a desirable event not only for the liberal world, but also for the countries that wished to belong to a more advanced group of nations. This article discusses the influence of economic globalisation on post-socialist welfare states. Since the issue under discussion is political by nature, the topic of pensions is a good example of how political context has defined the diverse futures of structural reforms in post-socialist countries. Perhaps the most indicative of the tendency to be identified is extensive literature about external pressure that Eastern European countries have been facing since the end of state socialist dictatorships. Most of the times, international organizations, particularly the World Bank, are blamed for imposing a neoliberal reform without taking into consideration the particularities of each country and, above all, the citizens’ interests. In our view, however, this is only one part of the story as there are many other elements that should be considered as well. We will analyse the problem from a historical perspective, which will allow us to divide the analysis into two main periods: the first years after the economic reconversion (1990-2004) and the time after the financial crisis, which started in 2008 and whose effects are still felt today. The Slovak case will be analysed as an example, given that ideological features of the Slovak pension reform document the change of the course from an old state-socialist to a new neoliberal type of welfare state.
EN
The paper investigates the motives for deposit and credit euroization in Eastern Europe employing Bayesian empirical methodology. We analyse an extensive dataset of macroeconomic fundamentals, perception surveys and institutional quality indicators, and deal with the uncertainty in the model by Bayesian model averaging. Apart from traditional fundamental macroeconomic factors, strong institutions are found to be an important driver of both credit and deposit euroization. Business regulation, perception of corruption, quality of political arrangement and trade restrictions impact borrowing and saving behaviour in the euro and should be reflected in designing economic policies in the region.
Konštantínove listy
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2019
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vol. 12
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issue 1
129 - 140
EN
The paper studies the place and role of proper names in the theological written homiletic traditions (Orthodox and Roman Catholic) of Eastern Europe of the late 17th and early 18th centuries. Special attention is paid to symbolism and to the connotative, denotative and qualitative usage of anthroponymic names. Literary analysis of the homilies and sermons of St Dimitry Rostovsky, Stefan Jaworski, Tomasz Młodzianowski and Ioanniky Golyatovsky, written in Ukrainian, Russian, Polish and Church Slavonic demonstrates that the proper names in their works represent a special supra-phenomenal semantic space. The name cannot be profaned, desecrated or formed artificially. In their tradition, the name describes the referent that is defined in a supernatural, sacral and metaphysical way. It is found out that spiritual literature of Eastern Europe in the second half of the 17th and early 18th centuries is characterised by the highly mystical understanding of a person’s name, which often transformed into a mythological understanding.
EN
The subject of the research presented here is the language and content of the definitional terms, categories and concepts relating to museum education in the historiography of the topic. The article is a review that provides an analysis of selected papers on museum education, surveying the categories, terminology and definitions proposed by Polish, Ukrainian and Russian researchers. The study also involved looking at museum websites to review the descriptive terms, concepts and categories used in the sections relating to the museums’ educational activities. Finally, against this background the authors present their own approaches and definitions relating to museum education. The work is partly a result of the experience of the authors’ own common educational practice and investigations. The cultural contexts of museum education are significant and influential in the quality of the services provided in each of the surveyed countries and museums. The generalisations presented are appropriate to the specific contexts of the research reports and educational projects quoted.
Sociológia (Sociology)
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2006
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vol. 38
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issue 3
199 – 220
EN
This paper investigates the effect of ‘Communist Affirmative Action’ on inequality in access to secondary and post-secondary education in five former socialist countries of Central and Eastern Europe between 1948 and 1989. The author argues that earlier research failed to identify any periods of reduced inequality in former socialist countries because it employed inadequate definitions of both the dependent and independent variables. He corrects these inaccuracies and he investigates data from the ‘Social Stratification in Eastern Europe after 1989’ survey. The author is indeed able to document that inequality in access to education declined during the periods of the most extreme Communism in the early 1950s and, in some countries, also during the early 1970s.
EN
The article aims to investigate the impact of the Migration Period processes on the intensity of interactions between the Romans and barbarians. Specifically, our focus is on the circulation of glassware during the Late Roman to Early Migration Period within the Chernyakhiv culture. The part of the glass goods under investigation is believed to be Roman imports, which makes them a valuable resource for studying Roman – barbarian contacts. To accomplish this, we tried to reconstruct the supply system of two Chernyakhiv sites for glass goods using a dataset of 79 glass items from Viitenky and Velyka Buhaivka burial grounds in Eastern and Central Ukraine. The conducted analysis demonstrates certain transformations in the structure of glass assemblages from both sites occurred at the beginning of the Migration Period. However, the nature of these changes suggests that the Hunnic invasion did not destroy pre-existing economic connections. Instead, the ‘turbulent epoch’ led to new Roman – barbarian contacts and a large influx of Roman imports, including glass goods, to the region of Chernyakhiv culture.
EN
Previous studies have shown that the banking sector of the Central and Eastern European (CEE) countries performed better than other developed European sectors during the crisis, due to their sound capitalization and a high profitability before the crisis. That is why we consider that it is interesting to see how they will perform in terms of the profitability and capitalization ratios during 2016 – 2017 in the light of the new international capital adequacy regulations. We have used Combinatorial forecasting method and Artificial Neural Networks (ANN) forecasting method for the banking sectors of five Central and Eastern European countries, non-members of the Eurozone, in order to predict the further developments of capital adequacy ratio, return on assets (ROA) and net interest margin during 2016 – 2017. Our results show that the capital adequacy ratio will improve in all five analysed banking sectors. The bank net interest margin will increase in all five banking sectors (except in the Czech banking sector) and ROA will increase a lot in Hungary, but also in Bulgaria and Romania, while in Poland and in the Czech Republic it will slowly increase.
EN
In the post-Soviet era, self-identification has been a priority issue that has shaped the public discourse in all East and Central European states. The local intelligentsia produced or renewed a wide range of ideologies which tried to place their more or less democratic, 'reborn' country on the global or regional map. At the same time, Western scholars specialized in Slavonic or Eastern European Studies (many of which were emigrants of these countries) also tried to reconfigure the global symbolic geography in various ways. From the mid-1990s, one of these latter attempts has been the excession and application of the terms 'postcolonial' or 'postcolonialism' on the so-called postcommunist societies. This essay calls attention to the history of this idea and explores the discursive conditions of the claim arguing that while in the context of public remembering it might be acceptable to use such a framework, it is hardly applicable to the whole region without any differentiation.
EN
This paper traces the development of British conceptualization of the European space by analyzing three anthropological or travel-writing works that represent three distinct periods in the history of the relationship between Britain and Eastern Europe: the Victorian era, the Cold War period, and the post-Cold War present. The aim of the paper is not to evaluate the anthropological validity of these works, which would be outside of the authoress's expertise. Taking Edward Said's Orientalism (1978) as its main theoretical reference, the study explores the degrees and kinds of orientalism present in the language of these works. The paper concludes by reflecting on the power embedded in the language of some EU documents, speeches and media releases concerned with the EU enlargement after the end of the Cold War.
EN
In contrast to the global dispersion of the post-Second World War Bund, examination of its previous history as a powerful and influential force in Jewish life is usually confined to the former Pale of Settlement. Without disputing its centers of gravity in Russia and Poland, the paper argues for the inclusion also of the effects of migration and transatlantic network-building within this picture. It follows Bundists abroad, exploring how emigrants transnationalized the in practice Bund rather than by design. The article connects the histories of the Bund in Tsarist Russia and independent Poland with those in Argentina, Switzerland, and the United States, highlighting local adaptations as well as the dependency of the Bund “back home” on global networkbuilding. The author argues that only by taking such a transnational perspective we can fully grasp the Bund’s impact on modern Jewish history.
EN
The archaeological analysis of the sabretache worn on belt has a significant importance in the research of the 10th century assemblages of the Carpathian Basin. These sabretaches are usually covered by various ornaments, plates or mounts. On the basis of the former research these 10th century artefacts were concordantly associated with the Eastern parallels. In the present paper the author re-evaluates these artefacts from the Carpathian Basin, in the light of the newly found Eastern sabretache-finds, and among them he separates a new type, the variant of sabretache stiffened with small iron tubes by the mouth of the find. Generally these sabretaches were used for storing some tools of lighting fire. A new type, which has had previously unknown function, can be determined, the so called small iron tubes holding touchwood. The both artefacts can be connected unambiguosly to the assemblages of the Southern Urals and the Volga region. According to these results, the genesis of the 10 – 11th century assemblages of the Carpathian Basin is not a finished research subject the material culture of the settler Magyar tribes from East may have had a decisive role. On the grounds of these observations the author’s firm belief, that beside the analysis of the Byzantine and local elements, which came to front recently, the methodologically modern research and persistent re-evaluation of the Eastern cultural contacts is indispensable.
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