International Financial System

This paper presents the Offshore-Intensity Ratio – a simple and straightforward way to identify which countries and jurisdictions could be seen as offshore financial centres (OFCs). By setting the aggregated amount of external capital booked in a jurisdiction in relation to the size of its domestic economy, we get a ratio that expresses the strength with which the particular jurisdiction has acted as a magnet for foreign capital. Sixteen jurisdictions are identified as probable OFCs, including the Cayman Islands, the British Virgin Islands, Bermuda and Luxembourg, but also Ireland and the Netherlands. A novel visualization shows the role of the largest offshore centres in contemporary global finance.

The current processes of economic and information globalization are mainly related to the successively progressing integration of financial markets, the development of ICT and Internet technologies. The liberalization of capital flows, progressing since the 1970s, was determined by many economic and political factors, including the modification of the international monetary system. The main determinants of economic and information globalization include such processes as liberalization of capital flows, deregulation of international financial markets and progress in the field of ICT. These processes constituted favorable conditions for the reconstruction of the market financial system, including the banking sector in Poland in the 1990s. Since the beginning of the systemic and economic transformation that has been taking place in Poland since 1989, the banking system and capital market institutions have been rebuilt. It referred to the Warsaw Stock Exchange market institutions, takin...

The current processes of economic and information globalization are mainly related to the successively progressing integration of financial markets, the development of ICT and Internet technologies. The liberalization of capital flows, progressing since the 1970s, was determined by many economic and political factors, including the modification of the international monetary system. The main determinants of economic and information globalization include such processes as liberalization of capital flows, deregulation of international financial markets and progress in the field of ICT. These processes constituted favorable conditions for the reconstruction of the market financial system, including the banking sector in Poland in the 1990s. Since the beginning of the systemic and economic transformation that has been taking place in Poland since 1989, the banking system and capital market institutions have been rebuilt. It referred to the Warsaw Stock Exchange market institutions, takin...

The current processes of economic and information globalization are mainly related to the successively progressing integration of financial markets, the development of ICT and Internet technologies. The liberalization of capital flows, progressing since the 1970s, was determined by many economic and political factors, including the modification of the international monetary system. The main determinants of economic and information globalization include such processes as liberalization of capital flows, deregulation of international financial markets and progress in the field of ICT. These processes constituted favorable conditions for the reconstruction of the market financial system, including the banking sector in Poland in the 1990s. Since the beginning of the systemic and economic transformation that has been taking place in Poland since 1989, the banking system and capital market institutions have been rebuilt. It referred to the Warsaw Stock Exchange market institutions, taking into account the opening of the economy to foreign capital. Foreign financial corporations taking over domestic banking entities in Poland have introduced their modern transactional and teleinformation technologies and new standards for entering into financial transactions. These processes were the main determinants of economic and information globalization that has been made in Poland since the 1990s.

This article deals with the creation of the Asian Infrastructure Investment Bank (AIIB). Thus aims to evaluate the impact that the establishment of AIIB has on the current global financial governance, in view of the role of China and the international insertion profile of the country.

Topic issues: Adaptation and globalization processes of commercial banks operating in Poland to international financial markets and normative standards of the European Union. Monetary policy. Determinants of the monetary policy of central banking. The importance of monetary policy in the context of the overall economic policy of the state. The aims of monetary policy. development-oriented and anti-crisis monetary policy. Monetary policy of central banks operating in large economies such as the European Central Bank, Federal Reserve Bank, etc. and the global economy. Monetary policy of central banking and the security of the financial system. Financial market. Financial sector in the national economy. The development of financial markets as an important segment of the modern developed economy. Role, functions and organization of the financial system. Effectiveness of the financial system institution. Business entities' finances. Financial relations between enterprises and commercially operating financial institutions. Determinants of effective development of the financial sector in the economy. Globalization. Determinants of economic, information, technological, cultural, social globalization processes, etc. Development of globalization processes. Impact of globalization processes on the economic development of individual countries. The role of internationally operating corporations and financial institutions as important determinants of globalization processes. Slowdowns in the pace of globalization processes in long-term analysis. Finances. Business entities finances. Determinants of economic and financial standing of economic entities. Analysis of the economic and financial situation of economic entities. Banking digitization. Implementation of ICT information technologies and Industry 4.0 technology for banking. Development of internet electronic banking, including mobile banking. Improving the security of IT systems in commercial banks. Globalization and labor markets. International labor migrations. Liberalization of labor markets and economic growth. The demographic structure of the society, economic migrations and changes in the labor markets. Factors of the development of economic globalization. Globalization and the banking system. Social and economic determinants of the processes of economic globalization that shape the development of the banking system in Poland.