An 84-year-old man with mild to moderate Alzheimer’s disease can no longer manage his money or even shop at the local grocery store, but when taken to a bank, he signs a notarized reverse mortgage and loses $240,000 to his handyman who has secretly befriended the man over a 6-month period. What is needed for the financial services industry to help prevent financial exploitation of this type whi...

Article history: Received 27 January 2015 Received in revised form 18 April 2015 Accepted 22 April 2015 Available online 20 May 2015 We assess the correlations between intelligence and financial development in 123 countries using data averages from 2000–2010. Cognitive human capital is measured in terms of IQ (Lynn and Vanhanen's IQ measures), cognitive ability (Rindermann's combination of psyc...

In the article Russian and foreign experience of financial planning of budget expenditures is examined. Methodological and methodical approaches of financial planning expenses are examined, clarified, systematized and structured. Special attention is given to approaches to the valuation of government (municipal) services in order to improve the quality of budgeting by identifying the most neede...