This paper provides an overview of conceptual issues and recent research findings concerning the structure and the role of financial systems and an introduction into the new research area of comparative financial systems. The authors start by pointing out the importance of financial systems in...

This paper provides a comprehensive overview of all aspects of the Polish financial system development since 1995. The study shows the recent financial system development in Poland and discuss the ongoing changes in the structure of the banking, insurance and pension sector as well in the...

In this paper, we examine the empirical link between the structural characteristics of the financial system and financial crisis. We find that there is a significant short-term reversal in development of the banking sector and stock market during both bank crises and market crashes, with the...