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EN
The first stage of each audit conducted by authorised bodies is to identify the standards related to the audit subject. Subsequently, audit bodies verify the compliance of those standards with the actual state. A problem arises when it is not possible to clearly define the scope of the audit subject. It may be the case when one attempts to determine the scope of the definition of the sector of micro, small and medium-sized enterprises (SME). Due to increasing importance of the support policy for this sector, the problem will be growing. The article is devoted to an analysis of the legal scope of the definition of SME set out in the regulations of the European Union against the specificity of enterprises in Poland.
EN
The state of public finance in most countries of the Euro zone and the remaining European Union countries has deteriorated considerably since 2008. It turned out that the existing mechanisms intended to have disciplinary effects on budgetary policy were insufficient to be able to prevent the creation of excessive budget deficits and a fast increase in public debt. Some of the European Union countries found themselves in a particularly difficult situation. Without the financial support provided by other Member States, Greece or Ireland would not have been able to refinance their public debt. Budget problems of those and some other countries belonging to the Euro zone have been resolved for the time being, however, the threat that they may exacerbate in the future still exists. There is an urgent need for the increase in the effectiveness of excessive deficit procedure. The state of Polish public finance has also deteriorated substantially in recent years. This limits the possibilities of Poland to join the Euro zone in the foreseeable future.
PL
Celem niniejszego artykułu jest prezentacja założeń teoretycznych oraz praktycznej implementacji koncepcji alternatywnych źródeł finansowania społecznościowego w Polsce i Unii Europejskiej ze szczególnym uwzględnieniem aspektów formalno-prawnych crowdfundingu. Artykuł składa się z trzech części: w pierwszej opisano założenia definicyjne i koncepcyjne crowdfundingu, w drugiej przedstawiono propozycję zmiany ram regulacyjnych finansowania społecznościowego, przygotowanych przez instytucje Unii Europejskiej, natomiast trzecia zawiera uregulowania prawne finansowania społecznościowego w Polsce. W artykule jako metodę badawczą zastosowano desk research, której implementacja umożliwiła analizę istniejącej literatury przedmiotu.
EN
The aim of this article is to present the theoretical assumptions and practical implementation of the concept of alternative sources of funding in Poland and in the European Union, with emphasis on the formal and legal aspects of crowdfunding. The article consists of three parts. The first part describes the definition and conceptual assumptions of crowdfunding. The second part presents a proposal to change the crowdfunding regulatory framework at the European Union level. The third part includes legal regulations for crowdfunding in Poland. In the article, desk research was used as a research method, the implementation of which enabled the analysis of the existing literature on the subject.
EN
Commodity markets are important for the shape of the world economy and have experienced numerous structural changes over the span of the last few decades. Prices became more volatile as more and more financial investors began to speculate on commodity markets. Such a process combined with other crucial factors led to market abuses, decreasing the transparency of trade, and excessive speculation. These issues intensifiedand were mostly observed during the subprime mortgage crisis and in the period straight after it. The policymakers around the globe made an effort to diminish those effects and introduced new a policy framework regarding commodity markets. The aim of this paper is to define, present and review the current works and actions taken by the European Union policymakers. This has been done based on an analysis of the new legislation and its possible results.
PL
W ciągu ostatnich dziesięcioleci rynki towarowe, mające duży wpływ na kształt gospodarki światowej, wielokrotnie się zmieniały pod względem strukturalnym. W wyniku coraz większej spekulacji ze strony inwestorów finansowych na rynkach towarowych ceny surowców zaczęły się wahać. Wraz z innymi czynnikami doprowadziło to do nadużyć na rynku, mniejszej przejrzystości handlu oraz nadmiernej spekulacji. Problemy te uwidoczniły się zwłaszcza w trakcie ostatniego kryzysu w latach 2007–2008 oraz bezpośrednio po nim. Ustawodawcy na świecie podjęli działania zmierzające do zmniejszenia wspomnianych efektów oraz wprowadzili nowe regulacje dotyczące rynków towarowych. Celem niniejszego artykułu byłozaprezentowanie inicjatyw tego typu podejmowanych w Unii Europejskiej oraz próba ich ocenienia.
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