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Financial Literacy around the World: An Overview of the Evidence with Practical Suggestions for the Way Forward

2012; Linguagem: Inglês

10.1596/1813-9450-6107

1813-9450

Lisa Xu, Bilal Zia,

Housing Market and Economics

No AccessPolicy Research Working Papers22 Jun 2013Financial Literacy around the World: An Overview of the Evidence with Practical Suggestions for the Way ForwardAuthors/Editors: Lisa Xu, Bilal ZiaLisa Xu, Bilal Ziahttps://doi.org/10.1596/1813-9450-6107SectionsAboutPDF (0.8 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:Financial literacy programs are fast becoming a key ingredient in financial policy reform worldwide. Yet, what is financial literacy exactly and what do we know of its effectiveness? This paper collects insights from the literature thus far and summarizes global evidence on financial literacy, its correlates, and existing and upcoming causal investigations. The authors conclude with a synthesis of policy advice and practical suggestions for the way forward in this fast growing area of research. 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