FINANCIALIZATION OF THE ECONOMY AND THE NEED FOR PERSONAL FINANCE ADVISORY SERVICES

Krzysztof Waliszewski

"e-Finanse", 2016, vol. 12, issue 2, 13-23

Abstract: Financializa? on of households is a result of the growing role of fi nancial systems and instruments in the economy. The increased role of fi nancial phenomena in fi nancial and non-fi nancial decisions taken by households is not propor? onal to capabili? es of their percep? on and understanding by households which possess basic knowledge in fi nance. The missing link between ins? tu? ons and fi nancial markets off ering more complex fi nancial solu? ons and the consumer may be a fi nancial advisor who can perform many important roles with respect to households. The aim of this ar? cle is to present fi nancializa? on of the economy and households and the role that can be played by fi nancial advisors in decreasing the imbalance of informa? on between the consumer and fi nancial ins? tu? ons, as well as the lack of symmetry in understanding fi nancial informa? on by the consumer.

Keywords: households fi nancializa? on; personal fi nancial advisor (search for similar items in EconPapers)
JEL-codes: D14 G23 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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