AVAILABLE FORMS OF MONEY IN PAYMENT TURNOVER VERSUS ECONOMIC GROWTH OF THE VISEGRAD GROUP COUNTRIES

• Authors: Paweł Mrowiec
• Languages of publication: EN

Abstracts

EN

The aim of the informal association of Central-Easter Europe countries known as the Visegrad Group functioning within the European Union is to develop and deepen collaboration based on their common cultural grounds and common turbulent past behind the Iron Curtain under the communist regime after WWII. One of the pillars of this association is cooperation in the economic sphere which is based on free market principles re-established in the region after the political transformation which took place at the end of the 1980s. The economic sphere is closely connected with the payment system whose basic constituent is money. Currently there are three available forms of money: cash money, non-cash money and electronic money. Out of all Visegrad countries, which at the same time happen to be a part of the European Union since 1 May 2004, only Slovakia adopted EURO as its currency, while other countries in the group i.e. Poland, Hungary and the Czech Republic retained their national currencies. The Visegrad countries display considerable differences with respect to the usage of available forms of money and to the pace of changes occurring in the payment areas of particular Visegrad countries. The differences just mentioned result from various social and economic conditions. The paper presents the distribution of different forms of money in the payment turnover in the relevant countries in the context of their economic growth.

Keywords

EN

Visegrad countries; payment turnover; economic growth; GDP; cash and non-cash transactions

• Publisher: Wyższa Szkoła Finansów i Prawa w Bielsku-Białej
• Journal: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
• Year: 2017
• Issue: 2
• Pages: 59-74

Dates

published

2017-10-15

Contributors

author

Paweł Mrowiec

• Wyższa Szkoła Finansów i Prawa w Bielsku-Białej, Wydział Finansów i Technologii Informatycznych

References

• [1.]Aristotle, Etyka Nikomachejska, PWN, Warszawa, 2016.
• [2.]Górka J., Konkurencyjność form pieniądza i instrumentów płatniczych, CeDeWu, Warszawa, 2009.
• [3.]Evans D. S., Schmalensee R., Paying with Plastic. The Digital Revolution in Buying and Borrowing, The MIT Press, Cambridge (Mass.), London, 2005.
• [4.]Patla J., Rozwój nowych sieciowych form płatności przyczyną wirtualizacji pieniądza tradycyjnego, Publishing House of the University of Economics in Kraków, Scientific Journal no 754, Kraków, 2007.
• [5.]Vilar P., A History of Gold and Money: 1450-1920, Verso 1991.
• [6.]Rabong M., Raport na temat usługi cash back na polskim rynku, NBP, DSP, Warszawa, 2014.
• [7.]Marciniak S., Innowacje i rozwój gospodarczy, Social Sciences Centre of Warsaw Technical University, PWN, Warszawa, 1997.
• [8.]Mrowiec P., Czerny J., Humanistyczny wymiar świata finansów, Publishing House of Bielsko-Biała School of Finance and Law, 2012.
• [9.]Szpringer W., Elektroniczne instrumenty płatnicze–tendencje rozwojowe, E-mentor nr 3 (50), 2013.
• [10.]Warczak M., Endogeniczne i egzogeniczne czynniki rozwoju gospodarczego z perspektywy finansów gminy, Contemporary Economy Electronic Scientific Journal, vol. 6, Issue 4, 2015.
• [1.]http://www.spidersweb.pl
• [2.]http://www.europeanpaymentscouncil.eu
• [3.]http://prnews.pl
• [4.]http://www.e-mentor.edu.pl