Risk Management in the Polish Financial System

Preface PART I. NATIONAL SYSTEMIC RISK MANAGEMENT Introductions 1.1. Managerial grounds for risk and making strategic decisions 1.2. Economic risk versus state risk 1.2.1. State systemic risks 1.2.2. Economic risk 1.2.3. Tax risk from the perspective of the state and the economy Conclusions PART II. STABILITY OF THE POLISH FINANCIAL SYSTEM AND THE RISK INVOLVED In lieu of introduction 2.1. Macroprudential Policy 2.1.1. The operation of a financial system and the influence it exerts on economic growth 2.1.2. Interaction between financial institutions 2.1.3. Protection of financial stability - macroprudential policy goals and tools 2.2. Microprudential policy 2.2.1. Prevention of individual bankruptcy. Individual hazard analysis 2.2.2. Depositor protection 2.2.3. Individual hazard analysis 2.3. Overall assessment of financial stability in Poland Conclusions PART III: MANAGEMENT OF FINANICAL STABILITY RISK Introduction 3.1. The structure and function of the financial safety system 3.2. Systemic risk institutions in the network of international capital ties 3.3. The principles of effective supervision of the financial market 3.4. Transfer of banking risk into the financial system 3.5. Reorganization of legal risk management processes Conclusions PART IV. THE RISK OF INVESTING IN FINANCIAL INSTRUMENTS Introduction 4.1. Types of financial instruments 4.1.1. Money market instruments 4.1.2. Debt instruments 4.1.3. Equity instruments 4.1.4. Derivative Instruments (derivatives) 4.2. Investment risk involved in equity financial instruments 4.2.1. Market risk 4.2.2. Issuer risk 4.2.3. Liquidity risk 4.2.4. Risk of total value loss 4.3. The risk of investing in debt instruments 4.3.1. Inflation risk 4.1.2. Currency risk 4.3.3. Risk of price change and risk related to a given company 4.3.5. Default risk 4.3.6. Risk of early amortization Conclusions PART V. STRATEGIC RISKS OF INVESTING IN STOCK EXCHANGE Introduction 5.1. Stock exchange investment style 5.2. Risk of investment strategies 5.2.1. Speculation 5.2.2. Short selling 5.3. Risk of other strategies 5.3.1.Opportunistic strategy 5.3.2.Buy and hold strategy 5.3.3.Market timing strategy 5.3.4.Behavioral strategy 5.3.5.Dollar cost averaging strategy 5.3.6.Current yield strategy 5.3.7.Ratio Investment Strategy 5.3.8.Capital preservation strategy 5.3.9.The Benjamin Graham strategy 5.3.10.Fixed structure strategy 5.3.11.Constant proportion strategy 5.3.12. The Black Swan strategy Conclusions References List of Internet websites Index