LIMITS OF THE GLOBAL ECONOMY FINANCIALIZATION PROCESS

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61858307%3A_____%2F17%3AN0000028" target="_blank" >RIV/61858307:_____/17:N0000028 - isvavai.cz</a>

Výsledek na webu

<a href="https://is.vsfs.cz/repo/6213/PROCEEDINGS-CD.pdf" target="_blank" >https://is.vsfs.cz/repo/6213/PROCEEDINGS-CD.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

LIMITS OF THE GLOBAL ECONOMY FINANCIALIZATION PROCESS

Popis výsledku v původním jazyce

The paper analyzes the current state and perspectives of the global economy financialization and shows its correlation with the globalization process. The hypertrophic development of global financial markets and the growth of the financial sector's share of the economy in advanced countries as well as in transition and emerging markets economies have a negative impact on their real economy and are causing ever-widening crisis fluctuations permanently threatening to overgrow into a global systemic financial crisis. Their real social benefits and importance for serving the real economy are becoming smaller and have declining or even negative implications. Future developments which are now also at the crossroads will be significantly conditioned by the further direction of globalization and its possible future scenarios. But financialization in this context will be partly independent, due to in particular the technical development of the global economy digitalization, but the essence of the problem of financial hypertrophy within the economy will not be solved without systemic reforms.

Název v anglickém jazyce

LIMITS OF THE GLOBAL ECONOMY FINANCIALIZATION PROCESS

Popis výsledku anglicky

The paper analyzes the current state and perspectives of the global economy financialization and shows its correlation with the globalization process. The hypertrophic development of global financial markets and the growth of the financial sector's share of the economy in advanced countries as well as in transition and emerging markets economies have a negative impact on their real economy and are causing ever-widening crisis fluctuations permanently threatening to overgrow into a global systemic financial crisis. Their real social benefits and importance for serving the real economy are becoming smaller and have declining or even negative implications. Future developments which are now also at the crossroads will be significantly conditioned by the further direction of globalization and its possible future scenarios. But financialization in this context will be partly independent, due to in particular the technical development of the global economy digitalization, but the essence of the problem of financial hypertrophy within the economy will not be solved without systemic reforms.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 8th International Conference on “Financial Markets: Current State & Future Perspectives”.

ISBN

978-80-7408-159-0

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

30-38

Název nakladatele

Vysoká škola finanční a správní,

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

1. 1. 2017

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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