Dear Reader,
We present you with the 46th edition of the Journal of Management and Financial Sciences.This issue covers important and topical matters relating to inflation, the global crisis, the COVID-19 pandemic, the shadow economy, transportation issues and Swiss franc loans. We hope that its content will make a significant contribution to the development of economic thought and contribute to a deeper understanding of the complex issues raised in it.
In the first paper Grzegorz Jałtuszyk presents a thesis that the debt growth of the worldwide government sector in the years 2020–2021, which was caused by the urge to finance the aid schemes curbing the detrimental effects of the COVID-19 pandemic, was too excessive to keep the world inflation under control.
In the next paper, Andrzej Buszko examines the role of the shadow economy in the context of market equilibrium. The Walras theorem was used in order to highlight the role of the shadow economy in market equilibrium violation.
Jan Komorowski addresses his paper to the issue of ethics in business. Economic conflicts, wars, and the pandemic crisis treated as a challenge for an economic recovery highlight the ethical side of choices. The aim of this article is to show the impact of ethics on economic relations and the approaches to this issue in economics and in the modern economy.
Damian Dubisz, Rafał Rokicki, and Adam Koliński in their paper aattempted to determine the interdependencies between individual parameters of urban logistic networks. As a result of their literature review, a research gap was identified indicating the lack of a precise reference to the dependencies between selected road infrastructure elements.
The main objective of the next article by Beata Zagożdżon is a synthetic analysis of the position of railways in the passenger transport market in Poland, in terms of the new challenges of the European climate policy. The subject and purpose of the research imply an analysis of the literature on the subject, statistical data, evaluation reports, as well as legal acts.8 Preface
The aim of the paper by Adam Hoszman and Elżbieta Marciszewska is to analyse state aid provided to airlines during the COVID-19 pandemic crisis to identify any possible deviations from the standards used before in the state aid approval process. The research is based on a case-study analysis method.
Patryk Pyzia and Kamila Słupińska referred to the main hypothesis: despite the knowledge of the economic conditions, the consumer possesses a lower disposable income when choosing a CHF credit, and two auxiliary hypotheses: 1) home loans denominated in CHF, despite having a lower interest rate, are less favourable to the borrower in the long run than the loans denominated in the Polish zloty, and: 2) in the process of deciding upon a bank, the consumer is guided by economic factors.
The main goal of Agnieszka Wójcik-Czerniawska’s recent study is to investigate new products, services, or financial processes that have arisen as a result of financial innovations.
We hope that this issue of the Journal of Management and Financial Sciences will be an interesting reading for researchers and practitioners of economic life.
Joanna Wielgórska-Leszczyńska,
Chairman of the Scientific Council and Dean of the Faculty
Michał Matusewicz,
Vice-Chairman of the Scientific Council and Vice-Dean of the Faculty

Published: 2023-03-15