VARIETY OF CAPITALISM, MODES OF MICROFINANCE, AND THE BANKING SYSTEM AND ITS IMPLICATIONS ON THE SOCIAL FINANCIAL BEHAVIOUr
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| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | economics fiancial institutions finance political systems Variety of Capitalism |
| Online Access: | http://dolgozattar.uni-bge.hu/41582 |
| Kivonat: | Variety of capitalism theory is an institutional approach, which distinguishes types of capitalism through the ways in which firms coordinate with each other and other economic and noneconomic actors. One important element of the institutional setting is that of financing. This paper aims to compare social perception of the finance sphere, and credit and its relationship with the existing Variety of capitalism, and banking system in each analyzed country. With the support of secondary data, 10 individual interviews have been conducted in each country. Age groups between 19 to 26 have been the focus. The findings of the study showcase that both countries’ capitalist financial sectors have been impacted by their social perceptions. Consequently, the emergence of non-formal and Islamic microfinance of Egypt thrived due to the social perception of Cronyism capitalism in Egypt. The Hungarian social perception of finance accelerates the trust in Dependent market capitalism. However, there still exist problematic debt issues and poverty in the lowest social classes. Keywords: Variety of capitalism (VoC), Islamic microfinance, Microfinance, Dependent market economy (DME), FDI. |
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