Keynote Speaker - Prof. Stephan Klasen, UN Committee on Development


The International Colloquium

on Current Economic and Social Topics CEST’2013

focused on Gender Disparities and Financial Markets Analysis

organized by Research-Team granted by National Science Centre
NCN Project No  2011/01/B/HS4/06346


   The Colloquium is organized in frame and with financial support of National Science Centre project No 2011/01/B/HS4/06346, by the Research Team from Department of Econometrics and Statistics, Faculty of Applied Informatics and Mathematics, Warearsaw University of Life Sciences, Poland ( The Colloquium will take place in Warsaw (Poland) May 23-24, 2013.

   The aim of the Colloquium is to discuss current economic and social problems concerning gender disparities and financial markets. Both issues seem to be the most important problems in terms of current economic situation in globalized world.

    Gender equality is a policy objective of basically universal acceptance and it becomes a subject of interest in many national governments, international organizations, research institutes and political pressure groups. The Strategy for equality between women and men (2010-2015) was adopted by European Commission on 21 September 2010. Also The United Nations Millennium Declaration promulgates the pursuit of gender equality as one of the eight Millennium Development Goals to be reached by 2015. Problems of women’s participation in labor market became one of the main issues in current discussion because of the financial – economic crisis and ageing of the societies in developed countries.

   The current economic and financial crisis, also known as the global financial crisis, is considered to be the worst financial crisis since the Great Depression in 1930s. The danger of this crisis, that has been lasting since 2007 and there is no reliable prediction when it ends, is accelerated by globalization of the world economy. The general situation at financial markets has been additionally complicated by introduction of new financial products and another mode of operations. Global financial market seem to be playing different function in economy and it has been working due to new regulations. Introduction of new trade platforms, on-line access to information, integration and globalization of the market may cause revision of finance theories.

   The conference is organized on an international scale with distinguished members of the Program Committee from worldwide academic communities. All submitted papers will be carefully reviewed by at least two Members of the Program Committee. The conference language is English. Papers should be prepared according to the rules given on the conference web site. Accepted papers will be published after conference. For further information please watch the informations below.

   Many thanks for passing on the information about the conference to your colleagues who may be interested in this event.

Preliminary Colloquium Program of CEST'2013

Preliminary Conference Program of CEST'2013

Thursday 23.05.2013

12:00 – 16:30

Registration - NewConnect Trading Room

13:00 – 14:00

Lunch at NewConnect Trading Room

(for invited or paid in full conference participants only)

14:00 – 14:15

Colloquium opening - Chair: Professor Dorota Witkowska, PhD

NewConnect Trading Room

14:20 – 16:00

Plenary Session – Chair: Professor Marek Gruszczyński, PhD

NewConnect Trading Room

Professor Stephan Klasen, PhD Georg-August-University, Gottingen, Germany

Gender inequality in employment in transition countries

Professor Barbara Liberda, PhD Warsaw University, Warsaw, Poland

Life cycle income of married and cohabiting women and men

Professor Eugeniusz Gatnar, PhD National Bank of Poland, Warsaw, Poland

Financial inclusion indicators in Poland - payment system perspective

16:00 – 16:15

Coffee break NewConnect Trading Room

(for invited or paid in full conference participants only)

16:15 – 18:00

Panel discussion and Concurrent Sessions

NewConnect Trading Room

Panel discussion on gender disparities:

Chair: Lidia Adamska, PhD

Nautilus Room

Session: Financial markets I:

Chair: Professor Jerzy Gajdka, PhD

Professor Beata Gruszczyńska, PhD

Gender Disparities in the Management of Judicial Systems in Europe

Professor Grażyna Trzpiot, PhD

Analysis of tail-dependence structure in global financial markets. Extreme value theory approach

Dominik Rozkrut, PhD

Women in science and technology in Poland – statistical perspective

Professor Krzysztof Piasecki, PhD

Imprecise return rates on the Warsaw Stock Exchange

Urszula Grzybowska, PhD

Influence of motherhood on research activity of women on the example of Warsaw University of Life Sciences

Professor Shachmorove, PhD

If I Knew How to Forecast Volatility, I Would Be A Rich Man

Luiza Ochnio, PhD

Gender disparities in European Union countries parliaments

Professor Yulija Vołynczuk, PhD

The logistics approach to management of enterprises' financial flows

Ewa Cukrowska, Msc

Is it the labor market that undervalues women or women themselves? Evidence from Poland

Professor Ewa Syczewska, PhD

On exchange-rate model with stock indices as additional regressors

19:00 – 00:00

Ceremonial Dinner - HE Rectors Palace, 166 Nowoursynowska St.

(for invited or paid in full conference participants only)

Friday 24.05.2013

8:00 – 12:30

Registration - NewConnect Trading Room

9:00 – 10:30

Concurrent Sessions

Catalyst Trading Room

Session: gender disparities II:

Chair: Professor Mariola Piłatowska, PhD

NewConnect Trading Room

Session: Financial markets II:

Chair: Professor Tadeusz Kufel, PhD

Professor Dorota Witkowska, PhD

Determinants of Wages in Poland

Professor Wiesław Dębski, PhD

Intervaling effect on estima-ting beta parameter for the largest companies on the WSE

Professor Agnieszka Gehringer, PhD

Labour force participation of men and women in the EU – what role do family policies play?

Professor Magdalena Osińska, PhD

Recent developments in financial econometrics

Maciej Ryczkowski, PhD

Gender Pay Gap in the micro level – case of Poland

Professor Paweł Miłobędzki, PhD

The components of bid-ask
spreads at the Warsaw Stock Exchange

Anna Kurowska, PhD

Reforming family benefits and child tax credits to improve work incentives for inactive mothers in Poland

Tomasz Wiśniewski, MSc

Volatility index for Warsaw Stock Exchange. Rules and properties

10:30 – 10:40

Coffee break NewConnect Trading Room

(for invited or paid in full conference participants only)

10:40 – 12:05

Concurrent Sessions

Catalyst Trading Room

Session: gender disparities III:

Chair: Professor Kesra Nermend, PhD

NewConnect Trading Room

Session: Financial markets II:

Chair: Professor Magdalena Osińska, PhD

Justyna Wiktorowicz, PhD

Professor Jan Gajda, PhD

Labour market in Poland for women and men at 50+

Katarzyna Bień-Barkowska, PhD

Hidden order submission strategies in the order driven market

Aleksandra Matuszewska-Janica, PhD

Wages inequalities between men and women: Eurostat SES metadata analysis applying econometric models?

Ewa Majerowska, PhD

Conditional perfomance evaluation of the CAPM on the WSE market

Joanna Landmesser, PhD

Gender differences in exit rates from unemployment in Poland

Anna D. Rutkowska-Ziarno, PhD

The diversification of risk of a funda-
mental portfolio based on semi-variance

Olga Zajkowska, MSc

Professor Aleksander Strasburger, PhD

Who wants a second child? Microeconometric analysis of individual children demand in Poland

Ewa Ratuszny, Msc

Influence of robust estimation on volatility forecast

12:05 – 12:20

Coffee break (for invited or paid in full conference participants only)

12:20 – 13:50

Plenary Session – Chair: Lidia Adamska, PhD

NewConnect Trading Room

Professor Roelof Makken, PhD Brock University, St. Catherinas, Canada

The Monetary Policy Regimes, The Transmission Mechanism, and the Responsiveness of Fixed Investment: a VAR Approach

Professor Alojzy Nowak, PhD Warsaw University, Warsaw, Poland

Euro? Euro!

Professor Yochanan Shachmurove, PhD The City College of The City University of new York (CCNY), New York, USA

What Do We Know and What Do We Not Know about Specified Purpose Acquisition Companies (SPACs)?

13:50 – 14:00

Colloquium closing - Chair: Professor Yochanan Shachmurove

NewConnect Trading Room

14:00 – 14:30

Lunch at NewConnect Trading Room

(for invited or paid in full conference participants only)

Colloquium Organisers

Organizing Committee

  • Krzysztof Kompa, PhD - the CEO 
  • Arthur A. Eubank Jr., PhD (USA)
  • Aleksandra Matuszewska-Janica, PhD
  • Andrzej Karpio, PhD
  • Anna Lewak, MSc
  • Kesra Nermend, Prof.
  • Dorota Witkowska, Prof.

 Program Committee

  • Prof. Władysław Welfe, Corresp. Member of the Polish Academy of Sciences(Poland) -the Honorary Chair of CEST'2013 - (post mortem)
  • Prof. Dorota Witkowska, University of Life Science Warsaw (Poland) - Colloquium General Chair
  • Prof. Bolesław Borkowski, Warsaw University of Life Sciences (Poland)
  • Prof. Tadeusz Kufel, Nicolaus Copernicus University (Poland) 
  • Prof. Joanicjusz Nazarko, Białystok Technical University (Poland)
  • Prof. Yochanan Shachmurove, The City College, The Graduate School and University Center of The City University of New York (USA)

           Seminar on Current Social Topics - Gender Disparities

  • Prof. Stephan Klasen, Georg-August-University, Gottingen (Germany) - the Chair
  • Prof. Robert W. Dimand, Brock University (Canada)
  • Prof. Gema Fernández-Avilés, University of Castilla-La Mancha, at Toledo (Spain)
  • Prof. Beata Gruszczyńska, Warsaw University (Poland)
  • Prof. Barbara Liberda, Warsaw University (Poland)  
  • Prof. Janina Sawicka, Warsaw University of Life Sciences (Poland)

          Seminar on Current Economic Topics - Financial Markets Analysis

  • Prof. Jose Maria Montero Lorenzo, University of Castilla - La Mancha (Spain) - the Chair
  • Prof. Nicholas Apergis, University of Piraeus (Greece)
  • Prof. Jennifer Foo, Stetson University (USA)
  • Prof. Marek Gruszczyński, Warsaw School of Economics (Poland)
  • Prof. Rolof Makken, Brock University (Canada)
  • Prof. Magdalena Osińska, Nicolaus Copernicus University (Poland)
  • Prof. Waldemar Tarczyński, University of Szczecin (Poland)

Board of Editors

  • Prof. Dorota Witkowska - the Chair
  • Prof. Bolesław Borkowski
  • Prof. Jose Maria Montero Lorenzo
  • Prof. Magdalena Osińska
  • Prof. Mariola Pilatowska
  • Prof. Janina Sawicka
  • Prof. Waldemar Tarczyński
Prof. Guido Ferrari, University of Florence (Italy) Prof. Paolo Gajo, University of Florence (Italy)   Prof. Jorge Mateu University Jaume I (Spain)



Abstract should clearly describe the most important results and conclusions of the problems being solved. Contributions will be accepted for presentations based on quality of the submitted abstracts.

The following instructions of the abstract preparation apply:

  • abstract must be  composed and submitted  on-line (copy/paste from your word processor is available)
  • length of the abstract body is limited to  2000 characters, including spaces and formattings
  • only  Latin and Greek letters are recommended (special characters are also available)
  • simple equations can be inlined
  • give no heading information (title, authors, affiliations) in the abstract body
  • abstract is displayed in the final form in the browser (  WYSIWYG  ) and must be verified/corrected by the author on-line as  it will be published as is without any further edition by the organisers.

Please, consult abstract composition manual for more details. You can correct your abstract  on-line at any time. Please consult  abstract composition manual for more details.


Duration of oral presentation,  including discussion, is planned to be:

  • 45 minutes for plenary and invited talks and
  • 15 minutes for contributed talks.

For the oral presentations - the following equipment will be present:

  • laptops with XP or Windows 2000 and Microsoft Office Power Point and we prefer presentations on CD or USB flash memory, if presenting author require something else please contact  organisers
  • digital projector
  • an overhead projector for transparencies.


The maximum size for a poster is format A0 according to the ISO 216 (814mm x 1189mm). The poster board will be full white board.The posters should be displayed during the whole conference. It is mandatory that one of the authors is present at the poster sessions to ensure discussion about the presentation can be held with other participants.

Participants with posters are asked to paste the poster sheets to the allotted board immediately after arriving to the conference.  A group of organisers will provide help you in any matter and means. Bring your own materials that may be helpful while arranging your poster. Please note that   duct tape is the proper thing when push-pins are not allowed! 

The posters should be removed by Friday afternoon, 24  th May, 2013. In other case it will be removed by the organisers after closing the conference. The poster sheets will be not returned and they can be damaged in this case.



The decision of the deadline and procedure of delivering full papers is made by the organisers of the Colloquim. The decision of which journals shall publish the colloquium proceedings will be made by the organizers.

Submitted papers could be published in followig journals: 

The submitted papers will be subjected to a peer review procedure. Instructions to Authors will be dispatched together with the notification of acceptance of the abstract by Program Committee.








                                                UNIVERSITY PATRONAGE


                                                            HE Rector
                                        of WarsawUniwersity of Life Sciences

                                             Professor Alojzy Szymański          


              HE Dean of Faculty of                                                   HE Dean 
   Applied Informatics and Mathematics                Faculty of Economics and Management
    WarsawUniwersity of Life Sciences                            of Uniwersity of Szczecin

     Professor Arkadiusz Orłowski 111111111111 Professor Waldemar Tarczyński



                   HE Dean of Faculty of                                                HE Dean
Computer Science and Informationtechnology          Faculty of Economics and Management
 West Pomeranian University of Technology                Nicolaus Copernicus Uniwersity

            Professor Antoni Wiliński 1111111111             Professor Józef Stawicki   

WIZUT.jpg                  WNEiZ_UMK.jpg


                               P A R T N E R S   &   S P O N S O R S

GPW_LOGOxcf.jpg                  KDPW_Logo_eng.jpg




                                      Polish Information Processing Society




Deadlines and fees

Important dates and deadlines

  • Registration for full-programme participants still open until 21'th of May 2013.
  • Participation in the conference is free of charge

Note: However participation in CEST’2013 is free of charge, it is necessary to pay for additional services as lunches on May 23 - 24, ceremonial dinner, hotels if needed and publication in selected journals.

!!!  Full paper submission deadline - EXTENDED till September 15, 2013 !!!

Abstract submission deadline

April, 25, 2013

Reviewing procedure

April, 25 – May, 3, 2013

Notification of acceptance and mode of presentation; conference program first screen

May, 6, 2013

Payment deadline for additional services
(for lunches and ceremonial dinner) 

May, 17, 2013


May 23 -24, 2013

Deadline for the full paper submission for publication

September 15, 2013

Reviewing procedure

June, 14, - August, 30,2013

Papers evaluation results

Not later than September, 13, 2013

First overtime reviewing procedure

September 16 – 27, 2013

Publication date and fee  depends on Journal that is selected by the Authors


The free registration for Regular Participant includes:

  1. Admission to the Plenary Sessions, all parallel symposia and poster session 
  2. Programme and Book of Abstracts in paper-back and on-line form 
  3. One copy of the proceedings of a named symposium (this does not apply for students)
  4. Conference Badge
The optional fee   is 120 Euro (or 500 PLN) and includes:  
  1. Refreshments during breaks
  2. Lunch served on each day of the Colloquium and
  3. Colloquium Ceremonial Dinner on 23 th May

Cost of hotels depends on number of nights and hotel standard. Publication fee depends on Journal selected for publication.


On-line Registration is obligatory! To register for the Colloquium please complete the On-line Fee & Services Form.  Delegates will be officially registered upon receipt of this form and the appropriate Colloquium dues. 

Late payment (also at Colloquium check-in desk) is possible but 40% higher 


The conference venue is located in the capital city of Poland – Warsaw. This is Poland’s largest city, which nurtures over 400 years of pride as a capital, and moreover as an economic, political, and cultural centre. The symbol of the city is the Mermaid, featured on the city seal. Warsaw is a bustling metropolis and features an unforgettable history. One fourth of the city is covered by parkland. Above all, it is a city of culture, easily reachable in the centre of Europe.

The conference venue is the Warsaw Stock Exchange Headquarter located close to the city centre.

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Colloquium General Chair


Colloquium CEO


Colloquium Office


Conference e-mail:



Warsaw University of Life Sciences (SGGW)
Faculty of Applied Informatics and Mathematics
Nowoursynowska 159
02-776 Warsaw

tel. +48225935514
fax: +48225935513