Teoretyczne podstawy wyróżnienia systemów finansowych we współczesnej gospodarce rynkowej - wybrane aspekty

Abstract

This paper reviewd theoretical aspects between financial system and economic growth. Theory and practice illuminates many of channels though which the emergence of financial instruments, markets and institutions affect - and are affected - economic development. Financial system may provide different services at different stages of economic development, so that the financial system needs to evolve if growth is to continue. Theory suggests that financial systems influence growth by easing information and transactions costs and thereby improving the allocation of capital, corporate governance and financial exchanges.