This volume includes a selection of the contributions presented at the Wroclaw conference in Finance, covering a wide range of topics in the area of finance. The articles reflect the extent, diversity and richness of research areas in the field. Discussing both fundamental and applied finance, it offers a detailed analysis of current financial-market problems including specifics of Polish and Central European markets. It also examines the results of advanced financial modeling. These proceedings are a valuable resource for researchers in universities and research and policy institutions, graduate students and practitioners in economics, finance and international economics in both private and government institutions.

Part I: Econometrics of Financial Markets

Information Asymmetry, Liquidity and the Dynamic Volume-Return Relation in Panel Data Analysis
Density forecasts of emerging markets' exchange rates using Monte Carlo simulation with regime switching
Determination of the own funds requirements for the risk of binary options
Part II: Stock Market Investments
Relationships between returns in EU equity markets in 2005-2016: implications for portfolio risk diversification
The relationships between beta coefficients in the classical and downside framework: Evidence from Warsaw Stock Exchange
Intraday Trading Patterns on the Warsaw Stock Exchange
Testing Stability of Correlations between Liquidity Proxies Derived from Intraday Data on the Warsaw Stock Exchange
Validating Downside Accounting Beta: Evidence from the Polish Construction Industry
Part III: International Finance
Application of S-curve and modified S-curve in transition economies' GDP forecasting. Visegrad Four countries case
Financialization of commodity markets
Part IV: Banking
The production or intermediation approach? - it matters
Competitiveness and Concentration of the Banking Sector as a Measure of Banks' Credit Ratings
Different approaches to regulatory capital calculation for operational risk
Assessment of Systemic Risk in the Polish Banking Industry
Contemporary Challenges in the Asset Liability Management
Part V: Corporate Finance
Does it pay off to change the CEO? Changes in operating performance - preliminary results
The capitalistic firm as a system that produces economic and social values
Corporate cash holdings and tax changes. Evidence from some CEE countries
Determinants of Capital Structure across European Countries
Profitability of serial acquirers on the Polish capital market
Failure Models for Insolvency and Bankruptcy
Part VI: Personal Finance
Parental Influence on Financial Knowledge of University Students
Does Households' Financial Well-being Determine the Levels of Their Sight Deposits under Turmoil?