Małgorzata Pawłowska

• Professor
• Professor at SGH Warsaw School of Economics

The aim of this study is to investigate whether digital technologies affect the credit market in the European Union (EU). The impact of digital technology on three types of bank loans (residential mortgage loans, consumer loans and corporate loans) is analysed separately for two groups of EU countries: Central and Eastern Europe and Western Europe....

Cel artykułu. Celem niniejszego artykułu jest zbadanie wpływu technologii cyfrowych w tym przedsiębiorstw FinTech na konkurencję w sektorze bankowym UE. Metoda badawcza. Niniejsza praca składa się z analizy jakościowej i ilościowej z wykorzystaniem modeli regresji panelowej. W części teoretycznej, na podstawie dostępnej literatury przedmiotu, wykaz...

The aim of this paper is to investigate on the determinants of the European Union bank loan markets from the supply side in the context of macro financial linkages. However, the relation between the situation on the financial sector and the macroeconomic conditions of the economy is dynamic, bilateral and complex. In study, we focus on analyzing ph...

Since the global financial crisis of 2008, we have observed a very rapid increase in use of digital technologies in the finance and development of FinTech companies, and similarly the impact of climate risk on banking. The aim of the paper was to examine the impact of FinTech on achieving sustainable climate and social goals through innovative fina...

The aim of this paper is to investigate whether the market structure has an impact on procyclicality in the European Union bank loan markets. The cyclical responses of three types of bank loans (residential mortgage loans, consumer loans, and corporate loans) are quantified separately using the interacted panel vector autoregression model at the co...

The 2007-2009 revealed the weaknesses of the growth foundation and failure of risk management systems in large global banks. Consequently, there has been renewed interest in the creation of stable and functional risk culture. Protecting a financial institution’s reputation is among the most significant challenges facing financial firms. Thus the ai...

The aim of this paper is to investigate the issue of asymmetry of credit market determinants of bank loans (corporate, consumer, and residential mortgage loans) between the CEE-11 countries (Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia, Romania) and other EU countries (Austria, Belgium, Denm...

In the paper the petrographic characteristics of coal from waste dump of abandoned mine Gruve 2 in Logyearbyen, Svalbard are described. The coal samples originated from a dump of waste material, situated near the mine entrance. The microscopic petrographic features as well as random reflectance were tested. Basic chemical-technological parameters a...

The aim of this study is to examine differences in the determinants of profitability between domestic and foreign banks in Poland during the global financial crisis and the eurozone debt crisis. Empirical results based on panel data sets containing both micro-level and macro-level data provided the evi- dence of differences in the determinants of p...

The aim of this chapter is to present the role of market structure and competitive framework in the EU banking sector, with particular emphasis on the change in concentration and competition, in an attempt to determine the relationship between size and competition and risk-taking by banks. The empirical results based on panel data analysis find tha...

The aim of this paper is to discuss changes in the banking sectors of European Union (EU) countries both before and during the last global financial crisis, with particular emphasis on the change in market structure, in an attempt to determine the relationship between size, competition, and risk-taking behavior by banks. This paper also addresses t...

The aim of this study is to examine the effect of bank-specific and macroeconomic determinants of bank profitability in Poland using an empirical framework that incorporates the traditional Structure-Conduct-Performance (SCP) hypothesis as well as the Relative Market Power (RMP) hypothesis. This paper also examines the overall effect that financial...

The aim of this paper is to examine the impact of changes in concentrationcaused by, among others, mergers and acquisitions on the level of competitionin the Polish banking sector in the years 1997–2012. The Lerner index was usedto measure competition in the Polish banking sector while CR5 and HHI indiceswere used as a measure of concentration. The...

This study analyzes the effect of liquidity risk in large international banks and its transmission to Polish subsidiaries and branches of these international banks in recent years. Polish banks reacted to the increase of liquidity risk within the markets where the parent institutions were located. Foreign-owned banks with higher net liabilities fro...

The aim of this paper is to present the changes in the banking sectors of European Union (EU) countries both before the last global financial crisis and during the crisis, with particular emphasis on the change in concentration and competition, in an attempt to determine the relationship between competition, concentration, and risk-taking by banks....

PurposeThe aim of this study is to understand the determinants of relationship between banks and nonfinancial corporations within Poland (which are considered relationship banking from this point onward). Design/methodology/approachThe main sources of data used in the study are the large credit database (credit register of the National Bank of Pola...

The aim of this paper is to contribute to the discussion on the anticipated long-term impact of the post-crisis regulatory environment on bank stability and efficiency, with a focus on Central and Eastern European (CEE) banks. The main research question is whether relatively stable CEE banks, operating in an unstable global environment, will be neg...

In this study we analyze how funding liquidity shocks affecting large international banks were transmitted to Polish subsidiaries and branches of these banks in recent years. We investigate differences in the effects of liquidity shocks on banks owned by both Polish and foreign institutions. All Polish banks reacted to liquidity shocks after Lehman...

The aim of the paper is to assess various models of financial supervision existing in the world, trying to answer the question whether current changes in the shape of the supervision over financial markets can improve the effectiveness of the oversight and reduce the consequences of future crises. The paper brings two interesting conclusions. First...

Competition between banks is a subject of interest for bank management, financial markets, bank regulators and academics. This interest is driven by increasing consolidation within the banking sector, changes in production technology and regulation. And the recent financial crisis reignited the interests of policymakers and academics in assessing b...

In the past decades, the banking sector has come to be known in literature as the banking industry as it was geared to increasing profits, banks were growing, and banking products developed dynamically. It was believed that competition in the banking sector makes banks more efficient and stimulates financial innovation opening new markets. The fina...

The aim of the study is to estimate the level of competition and concentration in the Polish banking sector in 1997-2009 (prior the financial crisis and during the crisis). In this paper the Panzar and Rosse model (P-R) and the Lerner index (LI) have been used for the evaluation of competition. Concentration in the Polish banking industry was analy...

In response to the financial crisis of 2008, the global banking industry has been undergoing fundamental regulatory changes, imposed by the Basel III Agreement, the 2010 US Dodd-Frank Act and the introduction of a new European supervisory structure. This paper analyses the possible long-term impact of this new regulatory framework on the banking se...

The aim of this analysis is to assess the impact of the euro adoption on efficiency and competition of the Polish banking sector. Efficiency and competition of banks are the main factors important for the stability of the financial sector through their influence on banks' profitability, access to external funding and the country's economic developm...

The aim of this paper is to identify those factors, which have a significant impact on access to credit and credit conditions for non-financial corporations. Empirical results have shown that in Poland, similarly to other European Union countries, small and medium sized enterprises (SMEs) encounter more difficulties and obstacles in the access to c...

The analytical background for this research is provided by the Structure-Conduct-Performance paradigm (SCP). In this view market structure determines the behavior of the firms (market conduct) and finally determines market performance. This paper explains the role of market structure on profitability in the Polish manufacturing firms based on panel...

Obecnie w literaturze ekonomicznej istnieje wiele opracowań analizujących zmiany zapasów w gospodarkach rozwiniętych, natomiast liczba pozycji literatury dotyczącej zmian zapasów w polskiej gospodarce jest niewielka. Niniejszy artykuł jest próbą szerokiej analizy zmian zapasów w polskiej gospodarce i porusza zarówno makroekonomiczny, jak i mikroeko...

European banking sectors have been subject to various forms of deregulation, liberalization, as well as dramatic improvements in information technology (IT). As the result of the creation of the European Union's Single Market, the financial institutions are transforming themselves in response to fundamental changes in regulation and technology. Man...

Recent studies argue that the spread-adjusted Taylor rule (STR), which includes a response to the credit spread, replicates monetary policy in the United State. We show (1) STR is a theoretically optimal monetary policy under heterogeneous loan interest rate contracts in both discretionay and commitment monetary policies, (2) however, the optimal r...

In the paper we show the macroeconomic effects of a monetary policy shock using both recursive and non-recursive SVAR decomposition. We find that the responsiveness of the CPI index and output in Poland is smaller and slower than in the euro zone. Using panel data we check how bank-specific characteristics affect operation of the lending channel. I...

1 Makroekonomiczne ramy analizy mechanizmu transmisji 1. Ekonomiści od dawna dyskutują na temat sposobów, w jaki polityka pieniężna wpływa na gospodarkę. Kontrowersje pojawiające się w toku tej dyskusji spowodowały, iż w literaturze pojawiły się podejścia do analizy mechanizmu transmisji impulsów polityki pieniężnej, które nie wymagają specyfikowan...

STRESZCZENIE Celem opracowania jest określenie wpływu przystąpienia do strefy euro na zmianę poziomu konkurencji polskiego sektora bankowego. Poziom konkurencji w sektorze bankowym ma istotne znacznie dla jego stabilności, wpływa bowiem na dochodowość banków, dostęp do finansowania zewnętrznego oraz na rozwój gospodarczy. Z przeprowadzonej analizy...

The aim of this analysis is to assess the changes in the measures of competition of the Polish banking sector in the period between 1997–2007 (before the financial crisis) with the use of quantitative methods based on the theory of competition measurement in the banking sector (the Industrial Organisation Approach to Banking). In this paper three m...

Streszczenie Celem opracowania jest identyfikacja czynników, które istotnie wpływają na relacje między bankami a firmami w Polsce, utożsamiane tutaj z bankowością relacyjną (bank-firm relationships). Wyniki analizy empirycznej wykazały, że polskie firmy chętnie budują relacje z jednym bankiem. Dodatkowo wyniki modelu ekonometrycznego, na dwóch pane...