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Number of results: 7
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Abstract

The goal of the paper is to verify the direction of sovereign risk transmission between sovereign CDS and sovereign bond markets in the Central European economies: the Czech Republic, Hungary and Poland. We focus on the hectic crisis period of 2008-2013. On the one hand, the sCDS market is said to react faster to the news than the sovereign bonds market. On the other hand, the bond market is related more closely to the internal situation of the country than the sCDS one and thus can price the sovereign risk more accurate. Moreover, the relationships between the markets can change during crisis time. We find that in the case of most risky and most indebted economy in Hungary there was a feedback between sCDS and sovereign bonds risk. In the case of Poland sCDS market risk Granger caused the risk of sovereign bonds – if we exclude instantaneous causality from the analysis; when it is included, feedback occurred. Eventually, in the case of the Czech Republic the risk of sCDS market Granger caused risk of the bonds market.
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Authors and Affiliations

Barbara Będowska-Sójka
Agata Kliber
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Abstract

This paper models income distribution in four Central and Eastern European (CEE) countries (the Czech Republic, Hungary, Poland and the Slovak Republic) in 1990s and 2000s using parametric models of income distribution. In particular, we use the generalized beta distribution of the second kind (GB2), which has been found in the previous literature to give an excellent fit to income distributions across time and countries. We have found that for Poland and Hungary, the GB2 model fits the data better than its nested alternatives (the Dagum and Singh-Maddala distributions). However, for Czech Republic and Slovak Republic the Dagum model is as good as the GB2 and may be preferred due to its simpler functional form. The paper also found that the tails of parametric income distribution in the Czech Republic, Poland and the Slovak Republic have become fatter in the course of transformation to market economy, which provides evidence for growing income bi-polarization in these societies. Statistical inference on changes in income inequality based on parametric Lorenz dominance suggests that, independently of inequality index used, income inequality in the Czech Republic, Poland and the Slovak Republic has increased during transformation. For Hungary, there is no Lorenz dominance and conclusions about the direction of changes in income inequality depend on the cardinal inequality measure used.

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Authors and Affiliations

Michał Brzeziński
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Abstract

In 2021, the Polish gas transmission system operator GAZ-SYSTEM, in cooperation with the Danish gas and electricity transmission system operator Energinet, began construction of a new gas pipeline from Norway to Poland via Denmark. It will be the first connection of Scandinavian countries with Central-Eastern European countries. The Baltic Pipe gas pipeline is very important for Poland, which is gradually reducing its dependence on Russian gas supplies and strives to expand the energy infrastructure with neighboring countries in order to integrate the Central and Eastern European gas system within the North-South corridor and become a gas hub in this part of Europe. The aim of this article is to answer the following questions: How important is the Baltic Pipe for Poland? Will the gas pipeline have a significant impact on the diversification of gas supplies in short-term and will it contribute to the improvement of the energy security of Central and Eastern Europe in long-term? Will it contribute to the integration of energy systems within the North-South Corridor and the Three Seas Initiative?
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Authors and Affiliations

Oksana Voytyuk
1
ORCID: ORCID

  1. Department of History&International Relations, University in Bialystok, Poland
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Abstract

Ukraine remains today one of the main migrant sending countries in Europe, with thousands of Ukrainians working in Czechia, Italy, Poland and Russia. In this regard, Ukraine shares the previous experience of Central European countries such as the Baltic States, Poland and Slovakia, that in the 1990s and early 2000s registered first temporary, and later permanent, outflows. In more recent years, however, many Central and Eastern European countries started to register increasing numbers of immigrants and some of them have switched from net sending to net receiving migration regimes. The objective of this article is to discuss the possibility of a similar turnaround in Ukraine; to this end, we investigate the main quantitative data on mi-gration from and to Ukraine, and interpret this information in the light of selected theoretical approaches that have been used to explain migration in Central and Eastern Europe. The available data reveal high levels of labour emigration of both temporary and permanent character, the increasing propensity of mi-grants to settle down in the host countries, and the growing involvement of the youngest cohorts in the emi-gration. Despite this evidence we argue that the current situation by no means constitutes a premise for reversing the outflow from Ukraine. We conclude that the most recent improvements in general economic indicators will not lead to high levels of immigration without an active labour market policy towards foreigners.

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Authors and Affiliations

Hanna Vakhitova
Agnieszka Fihel
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Abstract

Drawing on extensive qualitative research into experiences of migration and settlement among Central and East European (CEE) migrants living in Scotland, this article examines the role of intersecting emotional and material (in)securities in migrant families’ decision-making regarding and experiences of longer-term settlement. The article queries fixed or given understandings of either ‘family’ or ‘secu-rity’ and explores the complex and sometimes contradictory relationship between them. In so doing, it makes a number of significant and interconnected theoretical and empirical contributions to existing research in the field of family migration. Through a critical analysis of the relationship between family and (in)security the article offers nuanced insight into the ways in which family processes of reunion, separation and (re)formation link to decisions regarding migration and settlement. The intersecting and sometimes contradictory forms of emotional and material support, obligation and vulnerability which both family relations and processes of migration and settlement entail are critically analysed by bring-ing together theoretical frameworks of social (in)security and understandings of family as ‘made’ rather than ‘given’. Finally, attention given to the temporal aspects of (in)security, as well as the transnational aspects of migrants’ lives, provides new ways of understanding the open-endedness of decision-making processes relating to migration and settlement, especially where these involve multiple decision-makers.

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Authors and Affiliations

Rebecca Kay
Paulina Trevena
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Abstract

This paper describes and tries to explain return intentions of Polish, Romanian and Bulgarian labour migrants in the Netherlands. Previous research has often emphasised the temporary or ‘liquid’ char-acter of Central and Eastern European labour migration. We find that a substantial number of labour migrants intend to stay in the Netherlands for many years, and sometimes forever. Data from a survey of Central and Eastern European (CEE) labour migrants (Poles, Romanians, Bulgarians) in the Neth-erlands (N = 654), is used to test three hypotheses about return intentions. Economic success or fail-ure is not found to be related to the return intentions of migrants. Apparently, some migrants return after being successful in migration, whereas others return after having failed. Migrants with strong links with Dutch society have less strong return intentions, whereas migrants with strong transnation-al ties intend to return sooner.

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Authors and Affiliations

Erik Snel
Marije Faber
Godfried Engbersen
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Abstract

The article presents the history of the competition and design of the building originally intended for the Juliusz Osterwa Theatre in Lublin (currently the Centre for the Meeting of Cultures). Both the concepts of the location of the building and urban conditions were discussed, as well as various conceptual designs of the theatre, awarded and distinguished in an architectural competition at the turn of the 1950s and 1960s. In the further part of the article, the concept of the experimental scene, proposed by Kazimierz Braun in the early 1970s, is discussed. The background for the reconstruction of the history of the design and construction of the building are changes in the style and arrangement of the modern theatre architecture, with particular emphasis on Central and Eastern Europe.
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Authors and Affiliations

Piotr Majewski
1

  1. Uniwersytet Marii Curie-Skłodowskiej w Lublinie

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