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Kultura a systemy finansowe

100%

Mazur B.

Prakseologia

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2013

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issue 154

171-185

EN

In the modern economy, financial systems are vital to the allocation of financial resources. These systems help direct indivudals’ savings to the corporate sector and allocate investment funds among companies. Countries vary in the structure of these financial systems. In some financial systems, the stock exchange dominates, while in others, banks are the most important. What influences diversity in financial system structure? A key factor might be national culture. In order to assess the impact of culture on accounting patterns, it is important to consider the structure of culture and its dimensions. I apply the classification of cultures proposed by G. Hofstede – despite the criticism it received over the years. Cultural value dimensions with a relation to accounting values are as follows: Individualism, Power Distance, and Uncertainty Avoidance. The article also employs S.J. Gray’s theory of cultural relevance. According to Gray, societal values aff ect accounting practices in two ways: indirectly, through their influence on institutional consequences, and directly, through their influence on accounting values such as professionalism versus statutory control, uniformity versus fl exibility, conservatism versus optimism, and secrecy versus transparency. Th e article has implications for those who are responsible for corporate governance codes. It suggests that there is no uniform financial system; the influence of culture and the institutional envoronment are factors which should be taken into account when making any decision in the sphere of accounting.

2

Instytucje shadow banking w systemie finansowym obszaru euro – cechy, zakres, kontrowersje

88%

Marszałek P.

Studia BAS

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2018

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issue 1(53)

25-44

EN

The article provides an overview of the shadow banking in the euro area. Shadow banking refers to the system of financial intermediation that involves entities outside of traditional banking regulations. The paper begins with the presentation of the post-crisis tendencies in the financial systems worldwide, with particular attention given to the banking sectors. In the next section, the author presents the size and dynamics of shadow banking, discusses the threats identified by the EU and the concerns regarding the risks this sector poses to the financial system.

3

Finanse alternatywne i cyfrowe: w poszukiwaniu ram analitycznych

71%

Gołąb P., Monkiewicz J.

Kwartalnik Nauk o Przedsiębiorstwie

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2020

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vol. 56

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issue 3

27-41

EN

Modern financial systems have been experiencing a period of dynamic changes since the beginning of this century. These changes cause their homogeneous tissue, on which they were based for a long time, to erode, while a multitude of alternatives appears. The existing systems are becoming increasingly heterogeneous and less transparent. In addition to the traditional financial system based on highly regulated financial intermediaries having a legal monopoly, an alternative sector is emerging. It is often based on a different market infrastructure, which allows for direct allocation and acquisition of funds on a P2P or B2B basis and with other rules and intermediate parties. Technological innovations, especially the ubiquitous process of digitisation of financial systems, play a special role in this process of change. The considerations concerning digital financial markets in the current research and literature are focused basically on three issues: competition in the financial market, regulation and supervision of the market in the conditions of its digitisation, and consumer protection issues, including in particular financial exclusion and methods of its counteracting.

PL

Współczesne systemy finansowe przeżywają od początku obecnego stulecia okres dynamicznych zmian. Powodują one, że ich jednolita tkanka, na której były one przez długi czas oparte, ulega erozji i pojawia się mnogość bytów alternatywnych. Istniejące systemy stają się coraz bardziej niejednorodne i mniej przejrzyste. Obok tradycyjnego systemu finansowego, opartego na silnie regulowanych i dysponujących monopolem prawnym pośrednikach finansowych, wyłania się sektor alternatywny. Oparty on jest często na odmiennej infrastrukturze rynkowej, która pozwala na bezpośrednie alokowanie i pozyskiwanie środków finansowych na zasadzie P2P czy B2B oraz na innych regułach i podmiotach pośredniczących. Szczególną rolę w tym procesie zmian odgrywają obecnie innowacje technologiczne, zwłaszcza wszechobecny proces cyfryzacji systemów finansowych. Zagadnienia cyfrowych rynków finansów skoncentrowane są w obecnych badaniach i literaturze zasadniczo wokół trzech zagadnień: konkurencji na rynku finansowym, regulacji i nadzoru nad rynkiem w warunkach jego cyfryzacji oraz kwestii ochrony konsumenta, w tym zwłaszcza zagadnień wykluczenia finansowego i metod przeciwdziałania.

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1 Kwartalnik Nauk o Przedsiębiorstwie

1 Prakseologia

1 Studia BAS

1 Gołąb P.

1 Marszałek P.

1 Mazur B.

1 Monkiewicz J.

1 2020

1 2018

1 2013

Kultura a systemy finansowe

Instytucje shadow banking w systemie finansowym obszaru euro – cechy, zakres, kontrowersje

Finanse alternatywne i cyfrowe: w poszukiwaniu ram analitycznych