The Financialization in the European Union Founding Countries and the Visegrad Group Countries Cover Image

Finansjalizacja w państwach założycielskich Unii Europejskiej i państwach Grupy Wyszehradzkiej
The Financialization in the European Union Founding Countries and the Visegrad Group Countries

Author(s): Tomasz Florczak
Subject(s): Politics, National Economy, Financial Markets, Public Finances, Socio-Economic Research
Published by: Łódzkie Towarzystwo Naukowe
Keywords: financialization; financial sector; financialisation indicators

Summary/Abstract: As a result of the financial crisis of 2007, attention was drawn to the excessive growth of the financial sector. The process of increasing role of the financial sector in the economy appears as financialization. The increase in the importance of finances affects global economy. The financial crisis in one of the developed countries also affects other countries participating in global financial market. Financialization gains importance in the economy and the financial sector. It has an equally significant impact on enterprises and households. States can vary in the degree of financialization of the economy. The aim of the article was to identify the degree of financialization by using indicators in two studied groups of countries: the founding states of the European Union and the Visegrad Group countries. The research problem was to verify the assumption that the degree of financialization is higher in the founding states of the European Union than in the Visegrad Group countries.

  • Issue Year: 2019
  • Issue No: 111
  • Page Range: 259-271
  • Page Count: 13
  • Language: Polish