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

World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online

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Format:
Book
Government document
Author/Creator:
Xu, Lisa
Contributor:
Xu, Lisa
Zia, Bilal
Series:
Policy research working papers.
World Bank e-Library.
Language:
English
Subjects (All):
Access & Equity in Basic Education.
Access to Finance.
Business Training.
Education for All.
Finance and Financial Sector Development.
Financial Capability.
Financial Literacy.
Primary Education.
Private Sector Development.
Randomized Evaluation.
Local Subjects:
Access & Equity in Basic Education.
Access to Finance.
Business Training.
Education for All.
Finance and Financial Sector Development.
Financial Capability.
Financial Literacy.
Primary Education.
Private Sector Development.
Randomized Evaluation.
Physical Description:
1 online resource (58 pages)
Other Title:
Financial Literacy around the World
Place of Publication:
Washington, D.C., The World Bank, 2012
System Details:
data file
Summary:
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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