Journal of Emerging Trends in Economics and Management Sciences: Home

Article Title:
The EU's Banking and Insurance Market Is Trying to Solve Serious Financial Problems without the Support of Theory
by Jaroslav Danhel, Eva Duchackova, and Nadezda Blahova

Abstract:
This article was written as a contribution to the research project of the Faculty of Finance and Accounting at the University of Economics, Prague, Czech Republic, which was carried out within the framework of the institutional support of the University (IP 100040). Its authors deal with the low level of theoretical support for attempts to resolve the current serious problems of the world economy, eg. the continuing effects of the high level of debt of the leading world economies and heterogeneous integration groupings. The unresolved methodological grounding of economic theory makes it harder to find ways out of the debt trap and increasing social conflicts, and is reflected in some negative aspects of the situation in the main segments of the financial markets ? banking and insurance, which, under political pressure, accompanied by inappropriate regulation, are losing their effectiveness.

Keywords: complexity of globalized world, current economic problems, absence of theoretical support, empirical approaches to economic research, banking and insurance market, effectiveness of the financial servi

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