Abuses based on the deficit of information in financial markets: the case of presenting the interest rate in basic financial offers

Bożena Frączek

International Journal of Monetary Economics and Finance, 2020, vol. 13, issue 5, 502-512

Abstract: The paper touches the problem of abuse in financial market in form of lack of transparency of information regarding financial terms of basic financial offers: deposits and credits. The research confirmed the discrepancy between the important role of the interest rate determining the financial behaviours and a lack of understanding of its essence. Case studies and analysis confirm that this may result in providing the incomplete or inaccurate information regarding interest rates influencing financial decision making.

Keywords: abuse in financial markets; deficit of information; financial inclusion; interest rates; APR; annual percentage rate; financial education; consumer protection; personal finance management. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmefi:v:13:y:2020:i:5:p:502-512

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