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dc.contributor.authorJanicka, Małgorzata
dc.date.accessioned2018-02-28T11:45:14Z
dc.date.available2018-02-28T11:45:14Z
dc.date.issued2018
dc.identifier.issn0208-6018
dc.identifier.urihttp://hdl.handle.net/11089/24175
dc.description.abstractCurrently the EU is working on the building of the so‑called Capital Markets Union. The undertaken restructuring of the financing model is designed to make a shift in the main channel through which enterprises raise investment funds, from loans to capital, and – as a result – contribute to more dynamic growth in the EU Member States. So far, the key problem with insufficient dynamics of Economic growth in the EU seems to stem not so much from the structure of investment financing but from mechanisms of the euro zone, which economically polarise its members. The European Union should, first and foremost, thoroughly analyse and reformulate the constituting principles of the euro zone, instead of making another attempt to deepen capital markets integration and changing the financing model dominant in the EU Member States. The objective of the paper is to analyse conditions and rationale of the shift in the role which the banking sector plays in transferring investment resources for the benefit of the European Union capital markets (intensification of disintermediation). Conclusions from the analysis were formulated based on qualitative studies and analyses of source materials prepared by the EU, as well as research and financial institutions (surveys, reports, recommendations), and on the basis of available data.en_GB
dc.description.abstractObecnie wdrażany w Unii Europejskiej projekt przewiduje budowę tzw. unii rynków kapitałowych. Przebudowa modelu systemu finansowego ma spowodować zmianę głównego kanału pozyskiwania przez przedsiębiorstwa środków inwestycyjnych – z kredytowego na kapitałowy, a w efekcie przyczynić się do zdynamizowania wzrostu gospodarczego w krajach UE. Tymczasem głównym problemem niedostatecznej dynamiki wzrostu gospodarczego w krajach UE wydaje się być nie tyle struktura finansowania inwestycji przedsiębiorstw, co mechanizmy działania strefy euro, które powodują polaryzację ekonomiczną krajów wewnątrz strefy. Unia Europejska powinna przede wszystkim poddać gruntownej analizie i przebudowie zasady konstytuujące działanie strefy euro, nie zaś koncentrować się na kolejnej próbie pogłębienia integracji rynków kapitałowych i zmianie modelu systemu finansowego dominującego w krajach UE. Celem artykułu jest analiza uwarunkowań i zasadności zmiany roli sektora bankowego w transmisji środków inwestycyjnych na korzyść rynku kapitałowego w Unii Europejskiej (intensyfikacja procesu dezintermediacji). Wnioski płynące z analizy zostały sformułowane na podstawie badań jakościowych opierających się na analizach materiałów źródłowych przygotowanych przez UE, instytucje badawcze i finansowe (opracowania, raporty, rekomendacje) oraz na dostępnych danych.pl_PL
dc.language.isoenen_GB
dc.publisherWydawnictwo Uniwersytetu Łódzkiegoen_GB
dc.relation.ispartofseriesActa Universitatis Lodziensis. Folia Oeconomica;333
dc.subjectcapital markets unionen_GB
dc.subjectEuropean financial marketen_GB
dc.subjectEuropean Unionen_GB
dc.subjecteuro areaen_GB
dc.subjectcrisisen_GB
dc.subjectunia rynków kapitałowychpl_PL
dc.subjecteuropejski rynek finansowypl_PL
dc.subjectUnia Europejskapl_PL
dc.subjectstrefa europl_PL
dc.subjectkryzyspl_PL
dc.titleCapital Market Union – Perspectives on Changes in the Financial System Model in the European Unionen_GB
dc.title.alternativeUnia rynków kapitałowych – perspektywy zmiany modelu systemu finansowego w Unii Europejskiejpl_PL
dc.typeArticleen_GB
dc.rights.holder© Copyright by Authors, Łódź 2018; © Copyright for this edition by Uniwersytet Łódzki, Łódź 2018en_GB
dc.page.number[195]-206
dc.contributor.authorAffiliationUniversity of Lodz, Faculty of Economics and Sociology, Department of International Finance
dc.identifier.eissn2353-7663
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dc.contributor.authorEmailmjanicka.uni@gmail.com
dc.identifier.doi10.18778/0208-6018.333.13
dc.relation.volume1en_GB
dc.subject.jelF36
dc.subject.jelF15
dc.subject.jelG15


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