Pluskota, Przemysław
(Scientific Journals Maritime University of Szczecin, Zeszyty Naukowe Akademia Morska w Szczecinie,
)
The development of any region is a complex phenomenon that depends on various factors, including a financial
infrastructure that supports enterprises and other business entities. Issues related to the impact of financial
institutions on economic development are often addressed in the academic literature. Some researchers claim
that the development of financial institutions and instruments leads to the development of the entire country,
indicating a close correlation between them. Others confirm this interdependence; however, they argue that it
is non-linear and it depends on other factors, such as the country’s level of economic development, as well as
how advanced its financial infrastructure is. Few studies have addressed the impact of regional financial institutions
on regional development, and although macroscale studies have been implemented on the micro-level,
they don’t necessarily reflect any interdependencies. Regional financial infrastructure plays an important role
in regional development, and the Regional Development Funds (RDFs) that have recently appeared in some
voivodeships confirm this interdependency. These institutions are likely to become integrators and stimulators
of regional financial markets, and RDFs can become entities that manage capital that can be appreciated in
many banks and exert a tangible effect on regional financial policies. At the same time, they will level any market
flaws in terms of access to capital by micro-, small, and medium enterprises, as well as running growth-promoting
policies tailored to the specific regional needs.