Financialization and the Economy

AvAgata Gemzik-Salwach,Krzysztof Opolski

Häftad, Engelska, 2019

Del i serien Routledge Critical Studies in Finance and Stability

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Beskrivning

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 related with dynamically developing financial markets and the growing importance of financial themes. In light of these issues, which appear in all economies and touch all entities and every area of economic activity, there is a need for a summary and evaluation of the role of financialization in the world today.This monograph presents the role of financialization in the modern world. It shows positive as well as negative effects of financialization on the stability of the whole economy, the functioning of different types of markets, activity of enterprises, state institutions and behaviours of households. Written by expert contributors, this book plays an important role in the debate concerning future directions of development of the financial sector and financial markets.Financialization and the Economy is of great importance to those who study political economy, macroeconomics and banking.

Produktinformation

Utgivningsdatum:2019-07-29
Mått:156 x 234 x undefined mm
Vikt:390 g
Format:Häftad
Språk:Engelska
Serie:Routledge Critical Studies in Finance and Stability
Antal sidor:202
Förlag:Taylor & Francis Ltd
ISBN:9780367250966

Utforska kategorier

Ekonomisk politik inom Ekonomi och Ledarskap
Finansiering inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Mer om författaren

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.

Innehållsförteckning

IntroductionAgata Gemzik-Salwach and Krzysztof OpolskiPart I. Financialization: impact on the structure of economy and economic mechanismsChapter 1. Financialization and economic and social performance Malcolm SawyerChapter 2. Developing and emerging countries as finance providers: foreign exchange reserves and direct investment to the European UnionJan Toporowski and Bruno BonizziChapter 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 marketsChapter 5. Bank failures and their implications for payment intermediation in conditions of financializationAnna Iwańczuk-KaliskaChapter 6. The Franc Zone: can the operations account mechanism survive the push for financial deepening?Christina LaskaridisChapter 7. Alternative investment funds under new financial and legislative reality and Russian specificOksana Martanus and Elena Merekina Chapter 8. Financial risk and financializationAndrzej SzopaPart III.Financialization: impact on society, households and companiesChapter 9. Inequality in the twenty-first century – in need of a new theory?Hanna K. SzymborskaChapter 10. Financialization and household debt in PolandAgata Gemzik-SalwachChapter 11. Financial exclusion and rationality of financial behaviour in view of financializationMarta Maciejasz-Świątkiewicz Chapter 12. The sources of corporate savings in the era of financializationAnna Białek-Jaworska