Financialization of the economy and the need for personal finance advisory services
Journal Title: e-Finanse - Year 2016, Vol 12, Issue 2
Abstract
Financialization of households is a result of the growing role of financial systems and instruments in the economy. The increased role of financial phenomena in financial and non-financial decisions taken by households is not proportional to capabilities of their perception and understanding by households which possess basic knowledge in finance. The missing link between institutions and financial markets offering more complex financial solutions and the consumer may be a financial advisor who can perform many important roles with respect to households. The aim of this article is to present financialization of the economy and households and the role that can be played by financial advisors in decreasing the imbalance of information between the consumer and financial institutions, as well as the lack of symmetry in understanding financial information by the consumer.
Authors and Affiliations
Krzysztof Waliszewski
Keywords
Related Articles
- EP ID EP321931
- DOI 10.14636/1734-039X_12_2_002
- Views 110
- Downloads 0
Maximum drawdown measures in hedge fund efficiency appraisal
The study concentrates on the comparison of hedge fund efficiency measured by maximum drawdown measures with traditional risk/return ratios. The examined period is from 1990 to 2011 and the data were provided by Hedge Fu...
Financial sector transformation and income inequality– an empirical analysis
This paper examines the relationship between financial sector transformation and income inequality. We construct an econometric model of income concentration for a panel of 16 OECD countries in the years 1995-2009. From...
THE LOW PRICE EFFECT ON THE POLISH MARKET
In this paper we investigate the characteristics of the low price anomaly, which implies higher returns to stocks with a low nominal price. The research aims to broaden academic knowledge in a few ways. Firstly, we deliv...
CORPORATE BOND MARKET OF REAL ESTATE DEVELOPMENT COMPANIES IN POLAND
The aim of the article examines the features that determine the attractivenessof bonds as a financing instrument for real estate development projects in Poland, and the share of debt securities and bonds in the financing...
THE IMPACT OF QUANTITATIVE EASING ON EMERGING MARKETS – LITERATURE REVIEW
The article presents the results of the review of the empirical literature regarding the impact of quantitative easing (QE) on emerging markets (EMs). The subject is of interest to policymakers and researchers due to the...