TORUN
INTERNATIONAL

STUDIES
No. 1 (6) 2013

UNIWERSYTET
MIKOL AJA KOPERNIKA



Scientific Counsil  
Roman Bäcker (Toruń, Poland), Zbigniew Karpus (Toruń, Poland), Cornelia Pop  

(Cluj-Napoca, Romania), Rita Zablotska (Kiev, Ukraina), Lena Gumenjuk (Kiev, Ukraina), 
Igor Sribriak (Kiev, Ukraina)

Editor in Chief 
Piotr Siemiątkowski

Cover Design 
Tomasz Klejna

Office of Editorial Board:
Batorego st. 39L, 87–100 Toruń (Poland)

tis@umk.pl,  
http://wydawnictwoumk.pl/czasopisma/index.php/TSM/index

ISSN 1689–8168

The journal offers access to the contents in the open access system on the principles of 
non-exclusive license Creative Commons 

Printed in Poland
©Copyrignt by Nicolaus Copernicus University

Toruń 2013

Uniwersytet Mikołaja Kopernika
Gagarina st. 11, 87–100 Toruń

www.umk.pl

Distribution:
Reja st. 25, 87–100 Toruń

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DTP: RM Rafał Mikulski



Table of contents

Monika Bartczak
The right to privacy in the legal system of the United States . . . . . . . . . . . . . . . .  5

Magdalena Redo
The growing importance of the risk-taking channel in the process 
of transmitting monetary policy  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  13

Grzegorz Górniewicz
The problem of public debt (the case of Spain) . . . . . . . . . . . . . . . . . . . . . . . . . . .  23

Ewa Jankowska
Directions of foreign migration of Poles and the level of socio-economic 
development of the country of emigration from the European Union area 
in the years 2004–2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  33

Katarzyna Kącka
Józef Winiewicz – a man of the Congress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  43

Piotr Siemiątkowski
British foreign direct investments in the light of the World financial crisis . . . .  55

Rita Zablotska
The perspectives of entry of ukrainian companies at the world market 
of services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  67