0 the things that are done to keep someone or something safe -- środki bezpieczeństwa , bezpieczeństwo
1 a situation in which something is not likely to fail or be lost -- bezpieczeństwo, pewność
2 confidence about yourself and the situation that you are in -- poczucie bezpieczeństwa
the security of a long-term relationship
3 something valuable that you offer to give someone when you borrow money if you cannot pay the money back -- zabezpieczenie
By the early 1980s, cross-border flows of capital had reached enormous volumes, and issuance and trading of securities on international markets burgeoned.
The existence (and the creation) of multiple agents as in the cases of energy and securities tends to increase the control capacity of the principal.
Central banks joined the fray, liquidating their foreign securities to avoid capital losses in the event of a foreign devaluation.
There also may be other securities with payoffs contingent on public information.
A weak financial system-reflecting an underperforming banking system, poor investment protection and corporate governance, or fragile securities markets-yields a high cost of financial intermediation.
The uncertainties and anxieties that accompany this fast pace of change leaves them hankering after the imagined certitudes and securities of a more 'stable' past.
Section 4 considers the special case in which the securities market is complete.
However, under this preference, an investor's holding of risky securities is independent of his wealth, as are the equilibrium prices.
