Financialization of the Economy and the Need for Personal Finance Advisory Services

Krzysztof Waliszewski

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.
Author Krzysztof Waliszewski (WE / KB)
Krzysztof Waliszewski,,
- Department of Banking
Journal seriesE-Finanse, ISSN 1734-039X, (B 14 pkt)
Issue year2016
Vol12
No2
Pages13-23
Publication size in sheets0.5
Keywords in Englishhouseholds financialization, personal financial advisor
DOIDOI:10.14636/1734-039Х_І2_2_002
Languageen angielski
Score (nominal)14
Score sourcejournalList
ScoreMinisterial score = 14.0, 12-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 14.0, 12-12-2019, ArticleFromJournal
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