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Poland’s financial sector development in terms of global financial transformations

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  • Tetyana Marena

Abstract

The paper deals with the study of global financial transformations impact on the financial sector in Poland. Two types of tendencies of the global financial space development that create new conditions for national financial systems are defined,including: trends that lead to qualitative shifts in countries’ financial systems and do not necessarily imply a negative impact on the national financial systems; threatening challenges that shatter financial markets and restrain their sustainable development. The current positions of Poland’s financial sector in the world and regional financial systems are evaluated. The shifts in the national financial sector in terms of global financial transformations are found out. It is stated that while integrating into the global financial space, Poland will increasingly feel the impact of global transformations that will determine further scenarios for the domestic financial sector development. Exogenous factors that can aggravate challenges threatening the stability of Poland’s financial sector in the near future are identified.

Suggested Citation

  • Tetyana Marena, 2020. "Poland’s financial sector development in terms of global financial transformations," Research Papers in Economics and Finance, Poznań University of Economics and Business, vol. 4(3), pages 7-16, December.
    • Handle: RePEc:jbl:ref000:v:4:y:2020:i:3:id:107
    DOI: 10.18559/ref.2020.3.1
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    1. Gardó, Sándor & Martin, Reiner, 2010. "The impact of the global economic and financial crisis on central, eastern and south-eastern Europe: A stock-taking exercise," Occasional Paper Series 114, European Central Bank.
    2. Martin, Reiner & Gardó, Sándor, 2010. "The impact of the global economic and financial crisis on central, eastern and south-eastern Europe: A stock-taking exercise," Occasional Paper Series 114, European Central Bank.
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