Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 2

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  E00
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
EN
This article attempts a holistic analysis of the phenomenon of the financialization of the economy using a macroeconomic approach. The first part of the article deals with terminological issues. In the second part the author presents the determinants of financialization and the stages of the process from a historical perspective. The third part of this article analyses economic phenomena and business processes linked to financialization: transformation on commodity markets, inflation targeting as a goal of monetary policy, the impact of the financial sector on economic growth and asset inflation on capital markets.
PL
W artykule podjęto próbę holistycznego spojrzenia na zagadnienie finansyzacji gospodarki, przyjmując perspektywę makroekonomiczną. Część pierwsza przybliża kwestie terminologiczne. Część druga poświęcona została ukazaniu czynników determinujących rozwój finansyzacji oraz etapy rozwoju tego zjawiska. W części trzeciej przedstawiono zjawiska ekonomiczne i procesy gospodarcze, których wystąpienie lub nasilenie jest wiązane z procesem finansyzacji (m.in. przekształcenia na rynkach towarowych, politykę monetarną zakładającą sterowanie inflacją, oddziaływanie sektora finansowego na wzrost gospodarczy, czy też inflację aktywów).
EN
Background: The European financial crisis has affected most of the EU member states, and European institutions have had to create new financial instruments to counter the impact. Most effects in the economic and political spheres can be attributed to high unemployment and changes in governments in peripheral countries (Greece, Ireland, Portugal, Spain and Romania). Objectives: The aim of this paper is to demonstrate the economic and political effects of the European financial crisis in some peripheral countries that have implemented austerity policies. Methods/Approach: The methodology used is mixed: an analysis of the primary economic variables of the selected countries in comparison to those of countries with low-risk premium was performed, and the relation between the bailouts and elections was presented. Results: The exacerbation of the crisis in the Eurozone is mainly due to the high political costs of austerity measures and not the high level of public spending and/or the alternations in the governments of peripheral countries. Conclusions: The European financial crisis is primarily a result of weak economic governance, and its effects are differentiated. The peripheral countries possess the highest rates of unemployment, and there is a higher tendency towards political instability in rescued countries.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.