Overview

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.

Full Product Details

Author:   Agata Gemzik-Salwach (University of Information Technology and Management at Rzeszow, Poland) ,  Krzysztof Opolski (University of Warsaw, Poland)
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.430kg
ISBN:  

9781138241039

ISBN 10:   1138241032
Pages:   212
Publication Date:   14 June 2017
Audience:   College/higher education ,  Tertiary & Higher Education ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

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 financialization 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 K. Szymborska Chapter 10. Financialization and household debt in Poland Agata Gemzik-Salwach Chapter 11. Financial exclusion and rationality of financial behaviour in view of financialization Marta Maciejasz-Świątkiewicz Chapter 12. The sources of corporate savings in the era of financialization Anna Białek-Jaworska

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Author Information

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.

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