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1

Crowdfunding And The Myth Of Disintermediation

100%

Amalian A. W., Amalyan N. D.

MIND Journal

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2019

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issue 7

1-10

EN

Most commonly crowdfunding (peer-to-peer and peer-to-business lending in particular) is classified as a new phenomenon in financial market, which come within the equally new aggregates of ‘sharing economy’ and/or ‘disruptive innovation’ and/or ‘FinTech’. More rarely it is presented as an example of ongoing process of disintermediation – disposal of a middleman between lenders and borrowers. This article is an attempt to substantiate several theses: (i) that primary financial instruments issued by debt-based crowdfunding platforms, bearing strong resemblance used in Islamic banking Mudaraba and Musharaka contracts, is nothing new in the world of finance; (ii) that more sophisticated instruments, created by crowdfunding platforms, give grounds to qualify this business model as a component of shadow banking; (iii) that contrary to the popular statement that ‘peer-to-peer lending cuts the institutional “middleman” and reduce costs, in reality crowdfunding platforms do not provide any sizeable reduction of borrowing costs and, per contra, contribute to the strengthening and expansion of the banking system.

2

Współczesna metropolia: tożsamość i formy bycia razem jej mieszkańców

86%

Marcinkiewicz P., Pietrek D.

Społeczeństwo i Edukacja. Międzynarodowe Studia Humanistyczne

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2018

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issue 2(29)

323-332

EN

The following paper examines the Baumanian “forms of togethernes” in the space of the contemporary metropolis, both in the West (Europe, the USA), and the developing world (China). Zygmunt Bauman understands togetherness as a totality of interhuman actions, occurring in the city space. Paradoxically, the contemporary metropolis which often seems hostile towards traditional bourgeois urban life opens up new possibilities of mutual relations between contemporary citizens. The space in the contemporary city is neither fully artificial, nor natural, but it merges some features of both. Although its infrastructure is governed by effectiveness of molecular capitalism, it is not fully predicable in terms spatial design. This enables contemporary urbanites to experience unpredictable encounters with the Other, which has a potential to develop a new type of “liquid” identity in city dwellers.

3

Niekomercyjne instytucje pośrednictwa finansowego jako alternatywa dla banków komerycjnych w gospodarce po kryzysie finansowym

72%

Marszałek P.

Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia

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2018

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vol. 52

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issue 1

EN

The aim of the paper is to characterize and asses alternative (non-commercial) forms of financial activity: credit unions and social lending. Such institutions, in contrast to banking entities, are not focused solely on incomes, but try to achieve also other goals, often of social character and those which may be conducive to local community where the institutions operate. With reference to those agents/activities, there are described theoretical background of their functioning, their types, scale of activity in the EU countries and main features of those entities along with advantages and disadvantages of non-commercial financial intermediaries.

PL

Celem artykułu jest charakterystyka i ocena alternatywnych (niekomercyjnych) form działalności finansowej: unii kredytowych i pożyczek społecznych jako alternatywy dla banków komercyjnych. Instytucje te nie koncentrują się wyłącznie na zyskach, ale starają się osiągnąć inne cele, często o charakterze społecznym, mogące sprzyjać społeczności lokalnej. W tym kontekście opisano syntetycznie teoretyczne podstawy ich funkcjonowania, ich typy, skalę aktywności w krajach UE oraz główne cechy tych podmiotów, a także zalety i wady niebankowych pośredników finansowych.

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1 Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia

1 MIND Journal

1 Społeczeństwo i Edukacja. Międzynarodowe Studia Humanistyczne

1 Amalian A. W.

1 Amalyan N. D.

1 Marcinkiewicz P.

1 Marszałek P.

1 Pietrek D.

1 2019

2 2018

Crowdfunding And The Myth Of Disintermediation

Współczesna metropolia: tożsamość i formy bycia razem jej mieszkańców

Niekomercyjne instytucje pośrednictwa finansowego jako alternatywa dla banków komerycjnych w gospodarce po kryzysie finansowym