Download or read book Monitoring the Level of Financial Literacy in the EU written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The EU is working to ensure that people throughout Europe have the knowledge, skills and attitudes they need to make good financial decisions. Every day, thousands of EU citizens are deciding where to open a bank account, which mortgage to choose, where to invest their money and how to save for retirement. Financial literacy helps individuals to make such decisions because it helps them to better manage their money, invest in capital markets in a way that meets their needs, and plan for the future. It also helps protecting individuals from over-indebtedness, excessive risk-taking, fraud, or cyber risks. 1 Financial literacy is defined as a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial wellbeing.

Download or read book Monitoring the Level of Financial Literacy in the EU written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The EU is working to ensure that people throughout Europe have the knowledge, skills and attitudes they need to make good financial decisions. Every day, thousands of EU citizens are deciding where to open a bank account, which mortgage to choose, where to invest their money and how to save for retirement. Financial literacy helps individuals to make such decisions because it helps them to better manage their money, invest in capital markets in a way that meets their needs, and plan for the future. It also helps protecting individuals from over-indebtedness, excessive risk-taking, fraud, or cyber risks. 1 Financial literacy is defined as a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial wellbeing.

Download or read book Financial Literacy in Europe written by Gianni Nicolini and published by Routledge. This book was released on 2019-01-23 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are people ready to take pivotal financial decisions like choosing a mortgage, saving for retirement, or investing their savings? How does the degree of knowledge about financial products and services affect the quality of their choices? Can financial fraud be prevented by increasing consumer financial knowledge? Financial Literacy in Europe addresses these important questions and more. In the first part, the author investigates the concept of financial literacy by analyzing its components and comparing different definitions from previous studies. This then forms a comprehensive measure of financial literacy to be applied in empirical studies that analyze the role of financial literacy in explaining consumers’ financial behaviors. In the second part of the study, the author uses brand new data collected by the Consumer Finance Research Center (CFRC) from several European countries (the UK, Germany, France, Italy, Sweden, and Spain) to assess financial literacy in Europe and highlight similarities and differences across countries. Filling an important gap in previous research, the author develops a rigorous approach in the measurement of financial literacy in order to examine European financial literacy issues in great detail. This book, therefore, is a useful resource for assessing the effectiveness of single financial education programs or planning national strategies on financial education. It can also support policy makers in developing financial regulation and consumer protection strategies, considering the consumer perspective and their ability to deal with financial markets and institutions.

Download or read book Financial Literacy in Today s Global Market written by Ireneusz Miciuła and published by BoD – Books on Demand. This book was released on 2024-07-03 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Literacy in Today's Global Market presents a comprehensive overview of financial literacy in the global world. Written by authors from various academic centers, the book provides knowledge, recommendations, and practical solutions to new challenges within the contemporary processes of financial globalization, financial literacy, and the international market. Financial Literacy in Today's Global Market provides up-to-date knowledge about the science of finance, which in practical elements translates into the quality of socioeconomic life. This book raises many issues related to the processes taking place before our eyes on global financial markets, which influence the change in the ways and possibilities of human functioning in economic life. Financial technologies (FinTech) are some of the most important factors for the intelligent and sustainable development of knowledge-based economies. The selection of topics discussed herein reflects the growing importance of the world of finance, including the impact of information technologies on socioeconomic development and changes in the organization of financial flows. The global financial market is the subject of interest for many technical and social sciences and is associated with the interpenetration of technical, organizational, marketing, social, and psychological processes. All these elements are combined with modern knowledge about the processes taking place in the global world of finance. The book discusses changes in the global environment as\ a result of the revolution of financial processes in society, which are the foundation of every economy.

Download or read book Governance and Policy Transformations in Central Banking written by Ahmed, Farhan and published by IGI Global. This book was released on 2024-02-07 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: In central banking, the need for effective governance and policy transformations has never been more pressing. Central banks serve as the bedrock of a nation's financial stability, and yet, they face an array of complex challenges in the modern era. The delicate balance between autonomy from government influence and the necessity of adapting to external economic forces has become increasingly elusive. As the world grapples with the aftermath of a global pandemic and persistent economic turbulence, the demand for innovative strategies to safeguard economic and financial stability has reached a crescendo. Central bankers, economists, and policy experts are left grappling with the daunting task of navigating these treacherous waters, in dire need of a compass to guide them toward a resilient future. Governance and Policy Transformations in Central Banking is a groundbreaking book that transcends traditional boundaries to offer a comprehensive solution to the complex challenges faced by central banks worldwide. This book not only diagnoses problems, it also presents a meticulously curated collection of new empirical and theoretical chapters that illuminate the path forward. It is an invaluable resource that empowers central banks with the knowledge and tools necessary for development, governance, and policy transformation.

Download or read book Can Our Civilisation Survive the Changes Generated by New Technology Analysing Society and Media written by Vesna Lukovic and published by Cambridge Scholars Publishing. This book was released on 2024-07-09 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human history is a history of powerful civilisations which collapsed for various reasons, but behind all of those reasons there was the inability of each civilisation to adapt to changes that were introduced by the human race itself or by the external environment. Judging from history we can expect that our civilisation might collapse as well. This book takes a look at the huge changes brought by new technology that was introduced by humans over the past few decades and might have the power to destroy the modern civilisation. It analyses social disadvantages of the new technology and attempts to answer the question of what has to be done to enable society to adapt to the new techology, embrace it and use it for the collective good. It also explains how to recognize fake news, why Orson Welles was a fake news visionary and why Monica Lewinsky was one of the first victims of the modern new technology.

Download or read book A Comparison of Financial Literacy Levels in Countries of Europe written by Libena Kantnerová et. al. and published by . This book was released on 2015-12-08 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a detailed comparison of financial literacy levels in Europe

Download or read book Improving Literacy Through Home School and Community Partnerships written by Gatcho, Al Ryanne Gabonada and published by IGI Global. This book was released on 2024-04-09 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: The underappreciation of the pivotal roles played by home, school, and community in shaping the literacy journey of individuals. While the mantra "Literacy begins at home" resonates, it often remains a mere platitude rather than a transformative force. The synergy between these three pillars is essential, yet gaps persist, hindering the development of a truly literate society. As children tread the academic path, the home lays the foundation, and schools amplify these efforts. However, the holistic nature of learning, encompassing life experiences, demands a collaborative approach from families, educators, and communities. This is the crux of the problem – a disjointed system that impedes the seamless development of literacy across diverse backgrounds. Improving Literacy Through Home, School, and Community Partnerships is a groundbreaking book that unravels the complexities of this challenge and illuminates the transformative potential within collaborative efforts. By delving into the dynamic interplay between home, school, and community, the book offers a roadmap to bridge existing gaps and forge a path toward a more literate society. Early-career researchers will find this a valuable resource to identify and address these gaps, while families, educators, community leaders, and policymakers will gain invaluable perspectives to inform their practices, policies, and research initiatives.

Download or read book The Financial Fragility of European Households in the Time of COVID 19 written by Maria Demertzis and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of household financial fragility emerged in the United States after the 2007-2008 financial crisis. It grew out of the need to understand whether households' lack of capacity to face shocks could itself become a source of financial instability, in addition to risks to the stability of banks and the greater financial system. The concept goes beyond assessing the level of assets and encompasses the state of household balance sheets, including indebtedness. It relies also on individual perceptions of the ability to rely on families and friends and other methods to deal with shocks, though such aspects are less easy to measure and rely frequently on self-assessments. • In the wake of COVID-19, we ask how well-prepared households were in the European Union (including the United Kingdom) to handle an unexpected expense. Two years before the pandemic hit, a substantial share of EU households reported that they would be unable to handle unexpected expenses. In some EU countries, many households had savings equivalent to just a few weeks of basic consumption. • We find that one in three EU households is unable to meet an unexpected shock during regular times, let alone during a pandemic. COVID-19-related support measures put in place across the EU are intended to provide economic help to those households where members have lost jobs or face a severe reduction in income. However, in a number of countries where one in two households was already fragile - typically countries that are already economically weaker - state help is likely to be smaller and shorter-lived. Policies that increase financial resilience in structural ways will become necessary in the future. • Such policies include financial education programmes in the workplace or initiatives to promote financial resilience among households directly. There are many examples of such policies put in place worldwide that aim to increase structurally the level of financial preparedness and financial literacy. The latter is shown to correlate strongly with financial resilience. • Our evidence also shows that there are major differences between EU countries in term of financial fragility. This points to different degrees of urgency and also to the need for different policies to promote financial resilience. However, to the extent that financial fragility is a source of financial instability, there is a case for monitoring such indicators at the European level, for example by including a measure of financial fragility in the European Semester as part of the monitoring of Macroeconomic Imbalances Procedure indicators.

Download or read book Financial Literacy and Responsible Finance in the FinTech Era written by John O.S. Wilson and published by Taylor & Francis. This book was released on 2021-07-21 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing body of evidence suggests that financial literacy plays an important role in financial well-being, and that differences in financial knowledge acquired early in life can explain a significant part of financial and more general well-being in adult life. Financial technology (FinTech) is revolutionizing the financial services industry at an unrivalled pace. Views differ regarding the impact that FinTech is likely to have on personal financial planning, well-being and societal welfare. In an era of mounting student debt, increased (digital) financial inclusion and threats arising from instances of (online) financial fraud, financial education and enlightened financial advising are appropriate policy interventions that enhance financial and overall well-being. Financial Literacy and Responsible Finance in the FinTech Era: Capabilities and Challenges engages in this important academic and policy agenda by presenting a set of seven chapters emanating from four parallel streams of literature related to financial literacy and responsible finance. The chapters in this book were originally published as a special issue of The European Journal of Finance.

Download or read book Economic Competence and Financial Literacy of Young Adults written by Eveline Wuttke and published by Barbara Budrich. This book was released on 2016-05-23 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors take a detailed look at the economic competence and financial literacy of young adults, especially of those who start an apprenticeship or who take up their studies at a university. Economic competence and financial literacy are of special interest within this group, because these young people are – mostly for the fi rst time in their lives – responsible for autonomously managing their own fi nancial affairs and deal with economic challenges.

Download or read book Financial Education in Europe written by Oecd and published by OECD. This book was released on 2016 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides an overview of the recent trends and developments in financial education in Europe and offers policy and practical suggestions for European policy makers and other stakeholders.

Download or read book PISA 2022 Results Volume IV How Financially Smart Are Students written by OECD and published by OECD Publishing. This book was released on 2024-06-27 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the financial literacy results of the OECD Programme for International Student Assessment (PISA) 2022 and examines 15-year-old students’ understanding of money matters in 20 countries and economies. It explores the links between their financial literacy and their competencies in mathematics and reading, and differences across socio-demographic groups. It also offers an overview of their experiences with money, their financial behaviour and attitudes, and their exposure to financial literacy at home and in school.

Download or read book International Handbook of Financial Literacy written by Carmela Aprea and published by Springer. This book was released on 2016-03-24 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook presents in-depth research conducted on a myriad of issues within the field of financial literacy. Split into six sections, it starts by presenting prevalent conceptions of financial literacy before covering financial literacy in the policy context, the state and development of financial literacy within different countries, issues of assessment and evaluation of financial literacy, approaches to teaching financial literacy, and teacher training and teacher education in financial literacy. In doing so, it provides precise definitions of the construct of financial literacy and elaborates on the state and recent developments of financial literacy around the world, to show ways of measuring and fostering financial literacy and to give hints towards necessary and successful teacher trainings. The book also embraces the diversity in the field by revealing contrasting and conflicting views that cannot be bridged, while at the same time making a contribution by re-joining existing materials in one volume which can be used in academic discourse, in research-workshops, in university lectures and in the definition of program initiatives within the wider field of financial literacy. It allows for a landscape of financial literacy to be depicted which would foster the implementation of learning opportunities for human beings for sake of well-being within financial living-conditions. The Handbook is useful to academics and students of the topic, professionals in the sector of investment and banking, and for every person responsible for managing his or her financial affairs in everyday life.

Download or read book Financial Literacy in Greece Relevance Actors and Initiatives written by OECD and published by OECD Publishing. This book was released on 2024-01-23 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses the background for improving financial literacy in Greece, as part of a larger project to develop a Greek national financial literacy strategy. It presents the stakeholders directly involved with or interested in financial literacy, and analyses the financial literacy initiatives currently implemented in the country.

Download or read book Financial Literacy in Europe written by Udo Reifner and published by Nomos Verlagsgesellschaft. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present report written by scientists from the UK, Germany, France, Belgium and Italy tries to give an initial overview of what could truly be called "financial education" in these countries. Its approach is distinct from efforts in professional education, economics or marketing aimed at informing the public about financial matters. It takes the perspective of consumers, individuals who want to optimise the value of their income and target their expenditures in order to gain personal welfare through the use of financial services, while preventing over-indebtedness and the loss of income which can result from inadequate products or inadequate use of them.

Download or read book SME Policy Index Western Balkans and Turkey 2019 Assessing the Implementation of the Small Business Act for Europe written by OECD and published by OECD Publishing. This book was released on 2019-05-06 with total page 980 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robust SME sectors are critical to the prosperity of the six Western Balkan economies and Turkey, accounting for over 70% of those employed in the business sector and generating 65% of value added in these seven economies. Yet their potential remains untapped, as SMEs across the region grapple ...