From the beginning of the 1970s until the last global financial and economic crisis in 2008 - 2009, neo-liberal ideas guided economic policy development. It is worth noting that the Central and Eastern European countries transformed their economies from centrally planned to a market type at the...

Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the...

Does the financial sector contribute to economic growth? While most of the studies carried out before the Financial crisis tend to answer the question with “yes”, recent empirical work provides evidence that the opposite is true. We study these new findings in detail, applying GMM and 3SLS...