Finansyzacja gospodarki
Financialisation of the Economy

Summary/Abstract: Although financialisation is a well known idea in the foreign literature, it is still unrecognised in Poland. The aim of the paper is to clarify the concept of financialisation and discuss some relevant fields of interest. The article presents the notion of financialisation in a narrow sense identified with increasing significance of financial actions in non-financial agents’ economic activity, as well as the financialisation in a broad sense. The latter applies to the process of getting autonomy or even dominance of the financial sector over the real sector. Financialisation implies that financial markets and their establishment acquire a growing influence on economic policy and practical results. Alongside with the discussion on the meaning of financialisation, the paper offers considerations about its historical background and contemporary displays. Also, the financialisation in the context of state policy and its effects on the social welfare are analysed. The phenomenon of financialisation needs further research providing testable models or theories.

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