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Financialization Of The Economy And The Need For Personal Finance Advisory Services

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  • Krzysztof Waliszewski

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.

Suggested Citation

  • Krzysztof Waliszewski, 2016. "Financialization Of The Economy And The Need For Personal Finance Advisory Services," "e-Finanse", University of Information Technology and Management, Institute of Financial Research and Analysis, vol. 12(2), pages 13-23, October.
    • Handle: RePEc:rze:efinan:v:12:y:2016:i:2:p:13-23
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    File URL: http://www.e-finanse.com/artykuly_eng/340.pdf
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    References listed on IDEAS

    as
    1. Malcolm Sawyer, 2013. "What Is Financialization?," International Journal of Political Economy, Taylor & Francis Journals, vol. 42(4), pages 5-18.
    2. Thomas I. Palley, 2013. "Financialization: What It Is and Why It Matters," Palgrave Macmillan Books, in: Financialization, chapter 2, pages 17-40, Palgrave Macmillan.
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    Cited by:

    1. Kata Ryszard & Chmiel Justyna, 2017. "Household financialization – sense and scale of this phenomenon on the example of poland," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 13(2), pages 62-74, December.

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    More about this item

    Keywords

    households fi nancializa? on; personal fi nancial advisor;

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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