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The growing importance of the financial sector in the founding countries of the European Union

dc.contributor.authorFlorczak, Tomasz
dc.date.accessioned2020-07-13T09:57:50Z
dc.date.available2020-07-13T09:57:50Z
dc.date.issued2020
dc.identifier.issn2353-5601
dc.identifier.urihttp://hdl.handle.net/11089/32149
dc.description.abstractThe economies of the 21st century countries operate on the principle of connected vessels. A significant element of changes in economies is the growth of the financial sector. The process of financial sector growth is often referred as financialization. The significant impact of this sector on economic development was shown during the financial crisis of 2008. Financialization is more visible in highly developed countries. Undoubtedly the founding countries of the European Union belong to highly developed countries. It is possible that the financialization is higher in bigger countries like France, Germany, Italy or United Kingdom, which can also have bigger financial sectors. From the other side there is also country, which economy is based on banks. The aim of the article is to indicate the growth of the financial sector in the founding countries of the European Union. To determine the growth of the financial sector, the author used the indicators appearing in the literature of subject. There are indicators relating to functioning of the economy and banking sector. The second method helps to determine in which country financialization is higher. To made the research there was used zero unitarization method. The results of the study allows to determine in which of the subjects the financial sector is at a higher level of development. It is possible, that during researched period there were changes in financializiation of researched countries.pl_PL
dc.language.isoenpl_PL
dc.publisherWydział Ekonomiczno - Socjologiczny, Uniwersytet Łódxkipl_PL
dc.relation.ispartofseriesFinanse i Prawo Finansowe;2
dc.rightsAttribution-NoDerivatives 4.0 Międzynarodowe*
dc.rights.urihttp://creativecommons.org/licenses/by-nd/4.0/*
dc.subjectfinancializationpl_PL
dc.subjectfinancial sectorpl_PL
dc.subjectEuropean Unionpl_PL
dc.titleThe growing importance of the financial sector in the founding countries of the European Unionpl_PL
dc.typeArticlepl_PL
dc.page.number37-49pl_PL
dc.contributor.authorAffiliationThe Faculty of Economics and Sociology, University of Lodzpl_PL
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dc.date.defence2020
dc.relation.volume26pl_PL
dc.disciplineekonomia i finansepl_PL


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