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2022 | nr 21(4) | 1--17
Tytuł artykułu

The Impact of the Covid-19 Pandemic on the Financialization Process in the Europe

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The analysis of the European countries' payments balance suggests, that it is possible to identify different paths of the financialization process: for Central and Eastern Europe, for the Eurozone countries, and broken down into centre and peripheral countries. The different courses of the financialization process in individual countries raises the question of the existence of stages of this process and the role of structure of the national financial system, and its links with the stages of the financialization process. The main objective of the study is to identify the stages of financialization process in Europe, its effects and changes in this area caused by the Covid-19 pandemic. The partial goal is to define the relationship between the successive stages of financialization and the structure of the national financial system. The study is based on an analysis of secondary data obtained from Eurostat, statistical offices, central banks IMF, BIS, WB, OECD. (original abstract)
Rocznik
Numer
Strony
1--17
Opis fizyczny
Twórcy
  • Uniwersytet Ekonomiczny w Poznaniu
  • Wyższa Szkoła Bankowa w Poznaniu
Bibliografia
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  • 2. Andrzejczak, M. (2021). The impact of Covid-19 on the finances of multinational enterprises from the perspective of Balance of Payments transactions. In E. Mińska-Struzik & B. Jankowska, (Ed.), Toward the "new normal" after COVID-19 - a post-transition economy perspective, 100-126. http://doi.org/10.18559/978-83-8211-061-6/I8.
  • 3. Assa, J. (2012). Financialization and its consequences: the OECD experience. Finance Research 1(1), 35-39.
  • 4. Bhaduri, A., & Laski, K., & Riese, M. (2006). A Model of Interaction Between the Virtual and the Real Economy. Metroeconomica, 57, 412-27.
  • 5. Davis, L. (2017). Financialization and the Non-financial Corporation: An Investigation of Firm-level Investment Behavior in the United States. Metroeconomica. International Review of Economics, vol. 69(1). DOI: 10.1111/meca.12179.
  • 6. Dore, R. (2008). Financialization of the Global Economy. Industrial and Corporate Change, 17(6), 1097-1112.
  • 7. Froud, J., & Haslam, C., & Johal, S., & Williams, K. (2000). Shareholder Value and Financialization: Consultancy Promises, Management Moves. Economy and Society, 29(1), 80-110.
  • 8. Gabor, D., & Brooks, S. (2017). The Digital Revolution in Financial Inclusion: International Development in the Fintech Era. New Political Economy, 22(4), 423-436.
  • 9. Gołębiowski, G., & Szczepankowski P. (2015). Finansyzacja gospodarki krajów Europy Środkowo - Wschodniej. Ruch Prawniczy, Ekonomiczny i Socjologiczny, Rok LXXVII - Zeszyt 4 - 2015, 197-215.
  • 10. Greenwood, R., & Scharfstein, D. (2013). The Growth of Finance. Journal of Economic Perspectives, 27(3), 3-28.
  • 11. Hay, C. (2020). Does capitalism (still) come in varieties? Review of International Political Economy 2020, vol. 27, No. 2, 302-319. https://doi.org/10.1080/09692290.2019.1633382.
  • 12. Krippner, G., R. (2005). The Financialization Of the American Economy. Socio-Economic Review, 3(2), 173-208.
  • 13. Kus, B. (2012). Financialisation and Income Inequality in OECD Nations: 1995-2007. Economic and Social Review, 43(4), 477-495.
  • 14. Lapavitsas, C. (2009). Financialised Capitalism: Crisis and Financial Expropriation. Historical Materialism, 17(2), 114-148.
  • 15. Montenegro, J., L., & Gasca, V., S. (2015). The Financialization of the Mexican Economy: 1993-2013, XIV International Business and Economy Conference, Bangkok , Thailand, 5-8 January 2015.
  • 16. Palley, T. (2007). Financialization, What It Is and Why It Matters. Levy Economics Institute. Working Paper, no. 525.
  • 17. Pike, A., & Pollard, J. (2010). Economic Geographies of Financialization. Economic Geography, 86(1), 29-51.
  • 18. Ratajczak, M. (2017). Finansjalizacja gospodarki: wymiary dyskusji. Bezpieczny Bank, 3(68). DOI: 10.26354/bb.2.3.68.2017, 7-22.
  • 19. Sen, S., & DasGupta, Z. (2015). Financialization and Company Investment in India. Levy Economics Institute of Bard College.
  • 20. Śliwiński, P., Andrzejczak, M. (2019). Determinants of the current account balances in the 'old' and the 'new' EA countries from the perspective of the absorption approach in years 2005-2017. Roczniki Naukowe Wyższej Szkoły Bankowej w Toruniu, 18(2), 1-15. http://doi.org/10.19197/tbr.v18i2.318.
  • 21. Socha, B., & Urban, D. (2018). The Financialization of Companies Listed on the Warsaw Stock Exchange - the Sector Analysis. Annales Universitatis Mariae Curie-Skłodowska Lublin-Polonia, vol. LII, 4, 93-102.
  • 22. Willmott, H. (2010). Creating 'Value' Beyond the Point Of Production: Branding, Financialization and Market Capitalization. Organization, 17(5), 517-542.
  • 23. Woźniak S., Andrzejczak M. (2020). Finansyzacja gospodarki a rozwój rynków alternatywnych na przykładzie Polski i Niemiec W S. Franek (ed.). Pieniądz, instrumenty i instytucje finansowe - problemy, diagnozy, perspektywy. Rozprawy i Studia - Uniwersytet Szczeciński, no. 1178, 179-194.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.ekon-element-000171666377

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