An age-old debate has recently resurfaced in the columns of a daily newspaper Money creation in practice. Misconceptions and reality. Is the issue still topical; indeed, is it one of journalism? Especially since the crisis, the public is still highly preoccupied with how banks have come to have...

The political and economic changes 25 years ago left a burdensome legacy with an impact still felt today. This legacy includes the huge national debt and the failure to complete a price and wage reform. This study aims to dispel myths about the first government failing to request debt...

Income inequalities result in unequal societies and hinder economic growth in the long-term. Inequalities are evoked by rent seeking, but are also partly provoked by the state itself. The democratic electoral process of the Unites States does not limit financial support, therefore, people...

The paper presents how landslide changes taking place in the 20th century have created a pressure towards lifelong financial planning. Technological advances resulting in high productivity; the polarisation of income and wealth; the changing economic and political role of the state; the...

The philosophy of globalism is neoliberalism. It has become prevalent due to the financialisation of the economy. During the twenty-five years of the so-called Fordist growth regime the interests of the real sector were served by the financial sector. This situation has changed in the last few...

The intense innovational activity typical of the financial sector in the last 30 years requires households to have increas-ingly comprehensive and complex financial knowledge. The main objective of our study, therefore, was to assess and evaluate risk management activity, which is an integral...

The capitalist economic order, which involves the allocation of resources driven by the profit motive, is the most efficient of economic orders. However, it will not work without advanced finances. Insider corporations have no interest in the creation of a modern and flexible financial system,...

It is obvious that the pension system needs long-term reforms. We are suggesting a pension system based on so-called points, which may contribute to the solution of the long-term financing problems. The essence of the system is that the points col-lected during the insured period, the average...

The authors provide a brief overview of the char acteristics of the different housing financing sys tems of the two continents. The varying, but everywhere important role of housing in house hold savings is analysed separately as well. At the same time, they point out the interdependence between...