1st Edition

Financialization and the Economy

Edited By Agata Gemzik-Salwach, Krzysztof Opolski Copyright 2017
202 Pages 53 B/W Illustrations
by Routledge

212 Pages 53 B/W Illustrations
by Routledge

212 Pages 53 B/W Illustrations
by Routledge

There can be no doubt that the influence of the financial sphere has intensified rapidly in recent years, but there is much debate about the effect of that influence. The aftermath of the Financial Crisis has led to numerous discussions of the phenomenon of so-called financialization: the increasing impact of financial institutions on the activity of all business entities; emerging threats... Read more

Introduction

Agata Gemzik- Salwach and Krzysztof Opolski

Part I.

Financialization: impact on the structure of economy and economic mechanisms

Chapter 1. Financialization and economic and social performance

Malcolm Sawyer

Chapter 2. Developing and emerging countries as finance providers: foreign exchange reserves and direct investment to the European Union

Jan Toporowski and Bruno Bonizzi

Chapter 3. Does sustainable global prosperity require global financial governance?

Gary A. Dymski

Chapter 4. The macroeconomic determinants of financial literacy in the European Union (on the example of numeracy skills)

Tomasz Potocki and Krzysztof Opolski

Part II.

Financialization: impact on financial institutions and financial markets

Chapter 5. Bank failures and their implications for payment intermediation in conditions of financialization

Anna Iwańczuk-Kaliska

Chapter 6. The Franc Zone: Can the operations account mechanism survive the push for financial deepening?

Christina Laskaridis

Chapter 7. Alternative investment funds under new financial and legislative reality and Russian specific

Oksana Martanus and Elena Merekina

Chapter 8. Financial risk and financialisation

Andrzej Szopa

Part III.

Financialization: impact on society, households and companies

Chapter 9. Inequality in the twenty-first century – in need of a new theory?

Hanna Szymborska

Chapter 10. Financialization and going into debt of households in Poland

Agata Gemzik-Salwach

Chapter 11. Financial exclusion and rationality of financial behaviour in view of financialisation

Marta Maciejasz-Świątkiewicz

Chapter 12. The sources of corporate savings in the era of financialization

Anna Białek-Jaworska

Biography

Agata Gemzik-Salwach is the Deputy Dean of the Faculty of Administration and Social Sciences at the University of Information Technology and Management (UITM), for Economics, Finance and Accounting, Management Courses, Poland.

Krzysztof Opolski is Professor of Economics and Head of the Department of Banking, Finance and Accountancy at the University of Warsaw, Poland.