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List 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
About the author
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.
Summary
This book presents the role of financialization in the modern world, showing 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.
