The approach of a unilateral impact of the financial sector on economic growth was invalidated by the last financial crisis which very quickly changed into a global economic crisis.

The aim of the study is the analysis of the impact of the financial sector on economic growth in the context of the growing phenomenon of financialization, which was one of the significant reasons of the financial crisis. The study was focused on presenting the growing scale of this phenomenon and analysing the impact of money supply in USD and EUR on world GDP and the GDP of the USA and the Eurozone. The following hypothesis was postulated: the growing process of financialization causes the growth of the USD and EUR supply, influencing changes in the world GDP, the GDP of the USA and the Eurozone. The study confirmed the hypothesis of the relation of the money supply with changes in economic growth. However, influencing economic growth with the money supply causes the purchasing power of business entities to decrease and causes growing debt. Furthermore, it does not contribute to the strength of the real economy. A repair of the current “system“ should not be sought for in constantly increasing macroprudential regulations, but in a return to a country’s interventionism, leading to a change in the priorities of the actions of financial institutions; mainly banks, and the supply of money based on fixed parities (gold, energy).

This paper investigates left-dislocated free relatives in Old English. On the theoretical level, it contributes to the ongoing discussion on the syntax of free relatives. It confirms a sharp distinction between wh- free relatives and demonstrative free relatives. The former type favours the Comp analysis, whereas the latter class is amenable to both the Comp and Head analyses. On the empirical level, it provides evidence that the Comp analysis with wh- pronouns is selected mainly on the basis of pied piping/stranding facts, while case marking regulates the choice of an appropriate analysis with demonstrative free relatives with þe. This corpus-based study also offers some quantitative information on the frequent patterns and cases commonly found in them.

Freedom of the high seas established in the law of the sea, as a customary norm comprises freedom to lay submarine cables and pipelines. This was confirmed by the Geneva Conventions of 1958 on the High Seas and the Continental Shelf The law of the sea Convention of 1982 retained freedom of the laying of submarine pipelines in the exclusive economic zone but in parallel it has given a number of rights to the coastal State. Thus the coastal State has rights to set up conditions concerning all stages of pipelines construction and functioning. Through it may not impede the laying or maintenance of pipelines nevertheless the delineation of the course for the laying of such pipelines in the exclusive economic zone and on the continental shelf is subject to its consent. It also has the right to authorize and regulate drilling on the sea bed. An analysis of provisions concerning artificial islands, installations and structures as well as marine scientific research demonstrates various lacuna. Debates around the project of the Baltic pipeline confirm the necessity to take into account the specific situation of this semi-enclosed sea, interests of the coastal States and recommendations of the competent international organizations. One can also argue that in the case of pipelines laid on the bed of the high seas beyond the continental shelf the Authority should be consulted. Problems are also caused by the fact that pipelines are laid by multinational corporations.

Pyrolysis is often a first step in the incineration process, especially of the hazardous waste. One of examples of such installation is presented in the paper cylindrical pyrolysis chamber, applied in the incineration plant for medical waste. In the chamber the carbonisation of the waste takes place and the products, such as volatiles and carbonisate are burned in the cylindrical combustion chamber surrounding the pyrolysis chamber. Such configuration provides the heat transport from the flue gases to the carbonising material. To model the processes taking place in the pyrolysis chamber the energy and mass balance equations have been defined. The system of equations was solved for the exemplary material, such as wood sawdust, of a known thermophysical properties. Results are presented as diagrams of various parameters inside the two-dimension domain of the chamber.