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Application of Monte Carlo Simulation Methods in Risk Management

Application of Monte Carlo Simulation Methods in Risk Management

Author(s): Alexander Suhobokov / Language(s): English Issue: 3/2007

The paper deals with Monte Carlo simulation method and its application in Risk Management. The author with the help of MATLAB 7.0 introduces new modification of Monte Carlo algorithm aimed at fast and effective calculation of financial organization’s Value at Risk (VaR) by the example of Parex Bank’s FOREX exposure.

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Am fost o dată în America
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Am fost o dată în America

Author(s): Vasile Gârneţ / Language(s): Romanian Issue: 83-85/2001

The author describes shortly his trip to America and makes a suggestive parallel between the liberties (and lack of) in the two countries: USA and Moldova.

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Sinergetica tranziţiei
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Sinergetica tranziţiei

Author(s): Valeriu Prohniţchi / Language(s): Romanian Issue: 83-85/2001

Author focuses on the role of social phenomena and their conceptual approach in the dramatical failures happened to Moldova lately, the author mentions also the role of the far and near environment.

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Drumul cenuşii şi drumul Damascului pentru Augustin Buzura
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Drumul cenuşii şi drumul Damascului pentru Augustin Buzura

Author(s): Vitalie Ciobanu / Language(s): Romanian Issue: 83-85/2001

Review of Augustin Buzura's book "Recviem pentru nebuni şi bestii" (Requiem for Nuts and Beasts).

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In Praise of Digital Libraries or Gray into Gold

Author(s): Zsolt Bánhegyi / Language(s): English Issue: 01-02/2000

"This article investigates the phenomenon of how academic dissertations have come to gain full status as a source of research. We present some major initiatives of digitalization and identify a number of interesting web-sites or URLs."

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Some Notes on Dignity

Author(s): Andrei Pleşu / Language(s): English Issue: 01-02/2000

A philosophical comment on dignitiy.

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The Birth Throes of the New Europe

Author(s): Miklós Lojkó / Language(s): English Issue: 01-02/2000

A comprehensive review on Magda Ádám, György Litván and Mária Ormos (eds.): Documents d'archives francais sur l'histoire du Bassin des Carpates, Vol. III: juillet 1920-décembre 1921.

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The BRB Guide to Budapest: Hotel Boom, Upper End

Author(s): András Török / Language(s): English Issue: 01-02/2000

An essay on the hotel boom in Budapest.

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The Bard and Hungary. Literary Cults and the Anthropology of Culture

Author(s): András Kiséry / Language(s): English Issue: 01-02/2000

A comprehensive review on Péter Dávidházi's The Romantic Cult of Shakespeare: Literary Reception in Anthropological Perspective.

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Past into Future

Author(s): Csilla Mihalicz / Language(s): English Issue: 01-02/2000

An interview with Géza Entz, Head of the National Board for the Protection of Historic Monuments.

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One in Four

Author(s): Tibor Péter Nagy / Language(s): English Issue: 01-02/2000

A comprehensive review on András Kovács' A különbség köztünk van (The Difference is between Us: Anti-Semitism and the Yound Elite).

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Interrogating Heritage. A Renewable Resource?

Author(s): Neal Ascherson / Language(s): English Issue: 01-02/2000

An essay about the role of cultural heritage and the legal and theoretical questions it proposes.

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The Well and the Vortex

Author(s): Zoltán Komálovics,György Péter Hárs / Language(s): English Issue: 01-02/2000

A comprehensive review on Alexander Etkind's A lehetetlen Erosza (Eros of the Impossible: The History of Psychoanalysis in Russia).

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Niezależna instytucja (rada) fiskalna – międzynarodowe modele instytucjonalne. Wnioski dla Polski.

Niezależna instytucja (rada) fiskalna – międzynarodowe modele instytucjonalne. Wnioski dla Polski.

Author(s): Kamilla Marchewka-Bartkowiak,Grzegorz Gołębiowski / Language(s): Polish Issue: 02/2013

The article describes key models of the independent fiscal institutions which are more frequently established worldwide due to the increasing importance of fiscal stability and the its monitoring. One of the reasons to establish fiscal councils in the European Union is the obligation to implement the new EU budget framework. Poland is no exception to this. The authors argue that both European and international solutions regarding independent fiscal institutions should be considered, but they must be adjusted to the organizational framework of the public sector in Poland.

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Finanse i samodzielność ekonomiczna a ustrój samorządów terytorialnych w Polsce

Finanse i samodzielność ekonomiczna a ustrój samorządów terytorialnych w Polsce

Author(s): Janusz Heller,Eliza Farelnik / Language(s): Polish Issue: 52/2013

The aim of our research is to evaluate the level of economic independence and its influence on political system changes in different groups of local government. The research shows that the decisive factor in differentiating economic independence of local governments is the level of urbanization. In urban self-government, its own revenues surpass 50% and sometimes even 60%, whereas in rural areas (defined as rural communes and land districts) they reach about 30%. Such marked differences can cause local governments to develop in two structurally different directions.

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Partnerstwa międzysektorowe w rozwoju obszarów wiejskich na przykładzie Lokalnych Grup Działania w województwie podkarpackim

Partnerstwa międzysektorowe w rozwoju obszarów wiejskich na przykładzie Lokalnych Grup Działania w województwie podkarpackim

Author(s): Anna Kołomycew,Agnieszka Pawłowska / Language(s): Polish Issue: 52/2013

The article presents intersectoral partnerships forming Local Action Groups, and analyzes the mechanisms of emergence of such partnerships in the Podkarpackie region, particularly factors contributing to their emergence, their initiators and partner-recruitment methods, as well as the relations of partnerships with their social milieu, decision-making inside partnerships and expectations regarding their future. The theoretical framework of the study is rooted in the neoinstitutional theory with its historical, normative, rational-choice and network approaches. Based on them, the authors formulate some hypotheses referring to the innovativeness of the partnerships, the supremacy of local authorities over other partners, the utilitarian character of partnerships and the assumptions concerning their future. The hypotheses are then verified on the basis of the results of quantitative research of Local Action Groups in the Podkarpackie region.

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The structural and geographical analysis of occupational diseases in Poland in the years 2003–2010

The structural and geographical analysis of occupational diseases in Poland in the years 2003–2010

Author(s): Aneta Staszek,Anna Weszczak / Language(s): English Issue: 52/2013

The paper uses the advanced spatial shift-share method to examine the tendency of some occupational diseases to occur in particular regions and sectors of the economy. The analysis, conducted in the years 2003–2010, concerned groups of diseases, and was based on regional data on occupational disease incidence in Poland according to disease groups. The analyzed variables were relative increments (of rates of changes) of the number of diagnosed occupational diseases, whereas the reference variable was the share of the diagnosed occupational diseases (in particular regions and groups of diseases) in the general number of diagnosed occupational diseases in the country (regional weights). The results of that research were then used to compare classical and non-classical methods of shift-share analysis.

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Konkurencja o środki unijne w opiniach polityków i pracowników samorządowych

Konkurencja o środki unijne w opiniach polityków i pracowników samorządowych

Author(s): Paweł Swianiewicz / Language(s): Polish Issue: 52/2013

The article discusses the results of empirical research conducted in ca 50 municipalities located in four Polish regions. The authors conduct desk research of official documents, questionnaires and in-depth interviews with local government staff and politicians, and present differences and similarities in opinions on various Operational Programmes. The article discusses all stages of applying for EU grants: from selection of an Operational Porgramme to the final decision of the Managing Authority on the list of selected projects. It refers to issues arising from formal procedures, the passionate character of the competition for funds in individual Operating Programmes, as well as informal mechanisms of influence on the outcome of the selection processes. Unlike earlier research, the article discusses the changes in the Programmes implemented within the 2004-2006 and 2007-2013 perspectives.

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Ścieżki rozwojowe miast monozakładowych 20 lat po transformacji ustrojowej na przykładzie Stalowej Woli i Tarnobrzega

Ścieżki rozwojowe miast monozakładowych 20 lat po transformacji ustrojowej na przykładzie Stalowej Woli i Tarnobrzega

Author(s): Piotr Dawidko / Language(s): Polish Issue: 52/2013

Monofunctional industrial towns, born during the socialist industrialization and dominated by big industrial plants, faced some important problems during Poland’s economic transformation. Due to changes in the Polish industrial sector, its previous role in the peripherally located towns needs to be redefined. Based on the example of two towns from the Podkarpackie voivodeship, the author analyzes different development concepts of former industry-based local economies, considering the notions of endogenous development and path dependence.

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Rozpoznanie typów strategii rozwojowych gmin z wykorzystaniem wielokryterialnych metod podejmowania decyzji

Rozpoznanie typów strategii rozwojowych gmin z wykorzystaniem wielokryterialnych metod podejmowania decyzji

Author(s): Aleksandra Łuczak,Feliks Wysocki / Language(s): Polish Issue: 52/2013

The approach the authors use in order to distinguish types of developmental strategies of communes, based on the multi-criteria decision-making tool, is a complex procedure that can be useful in development programming, and in particular in assessing strengths and weaknesses of administrative units, as well as the opportunities and threats in their environment. Unlike the classic (descriptive) methods, the procedure allows the researcher to quantify the importance of the SWOT analysis factors, i.e. both qualitative and quantitative elements. It can be a useful instrument in identifying types of developmental strategies of administrative units. In the present article, the approach has been used to determine the strategic position of the communes in the Miedzyrzecki poviat.

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