Establishment and Implementation of a National Strategy for Financial Education

2021 ◽  
Vol 28 (3) ◽  
pp. 1-28
Author(s):  
Yun-Ho Lee
Keyword(s):  
Financial Education ◽  
National Strategy

scholarly journals NATIONAL STRATEGY FOR FINANCIAL EDUCATION IN INDIA

2020 ◽  
Vol 15 (1) ◽  
Author(s):  
VARUN KUMAR ◽  
VIRENDER KUMAR SAINI
Keyword(s):  
Financial Literacy ◽  
Empirical Studies ◽  
Financial Education ◽  
Developed Countries ◽  
National Strategy ◽  
Inclusive Growth ◽  
Financial Products ◽  
Global Standards ◽  
Education In India ◽  
High Level

The concept of implementing National Strategy for Financial Education has been gradually building. Most of the nations globally take initiative for implementing sound National Strategy for Financial Education. Whereas some developed countries already have there unified and coordinated national strategy for financial education. India is having second largest population in the world. There is an urgent need to develop a sound and stable financial system. it is more necessary to quickly formulate and implement a national strategy. Financial Literacy and Financial Education play important role in financial inclusion, inclusive growth and sustainable prosperity. Financial Literacy develops confidence, knowledge and skills to manage financial products and services enabling them to have more control of their present & future circumstqnces.59 countries worldwide are implementing National Strategy using guidance from the OECD/INFE high level principles on National Strategy for Financial Education. Several empirical studies have found that financial literacy level amongst Indians low by global standards. The need of the hour is to boost up financial education initiatives and comprehensive research should be done on national strategy for financial education. The present study aims at finding the role and relevance of financial education in India.

scholarly journals The role of AEF-Brasil in the execution of the National Strategy for Financial Education

2021 ◽  
Author(s):  
Claudia M. J. Forte
Keyword(s):  
Financial Market ◽  
Stock Exchange ◽  
Financial Education ◽  
National Strategy ◽  
Over The Counter ◽  
Financial Decisions ◽  
Social And Economic Development ◽  
Supplementary Health Insurance

Convinced of the importance of financial education to the solidity of the financial system and the quality of life of Brazilian society, four institutions representing the financial market instituted AEF-Brasil in 2012, geared towards elevating this cause to the level of the most pressing causes in Brazil. They are: ANBIMA (Brazilian Financial and Capital Markets Association),B3 (Brazil Stock Exchange and Over-the-Counter Market), CNSeg (National Confederation of Companies of General Insurance, Private Pension, Life, Supplementary Health Insurance, and Capitalization Insurance) and FEBRABAN (Brazilian Federation of Banks). Allowing financial education to reach every Brazilian means leveraging equal opportunities for autonomous and healthy financial decisions in their lives, thereby bolstering citizenship. By developing these projects, AEF-Brasil has contributed and continues to contribute to social and economic development and, especially, to the exercise of full citizenship and the practice of democracy.

scholarly journals A vertente comportamental da educação financeira

2019 ◽  
Vol 3 (2) ◽  
pp. 595
Author(s):  
Celso Ribeiro Campos ◽  
Cileda De Queiroz e Silva Coutinho ◽  
Auriluci Carvalho de Figueiredo
Keyword(s):  
Behavioral Economics ◽  
Financial Education ◽  
Household Consumption ◽  
National Strategy ◽  
Financial Situation ◽  
Zygmunt Bauman ◽  
Financial Products ◽  
The Individual

Resumo: A Estratégia Nacional de Educação Financeira foi implantada em 2010, mas não resultou em melhora da situação financeira das famílias. Ao contrário, o consumo das famílias tem aumentado mais do que a renda, provocando mais endividamento e inadimplência (CAMPOS; HESS; SENA, 2018). Em nossas pesquisas sobre educação financeira, temos identificado duas vertentes, instrumental e crítica. A vertente instrumental trata o indivíduo como consumidor de produtos financeiros, enquanto a vertente crítica tem um viés social e humanístico. Apesar de termos defendido a vertente crítica, os resultados não parecem ser suficientes. Com isso, buscamos explorar outra vertente, a comportamental. Neste artigo, apresentamos conceitos básicos de economia e fazemos uma resenha de duas obras de Zygmunt Bauman, para depois explorarmos os conceitos de economia comportamental. Nosso objetivo é trazer essa vertente para o universo da educação financeira, contribuindo para que se possa entender melhor como trabalhar esse tema no âmbito da sala de aula. Palavras-chave: Educação financeira; Economia comportamental; Consumismo; Bauman. The behavioral stream of financial education Abstract: National Strategy for Financial Education was implemented in 2010 but did not result in any improvement in the families' financial situation. On the contrary, household consumption has increased more than income, leading to more indebtedness and defaults (CAMPOS; HESS; SENA, 2018). In our research on financial education we have identified two streams, instrumental and critical. The instrumental stream treats the individual as consumer of financial products, while the critical has a social and humanistic bias. Although we have defended the critical stream, the results do not seem enough. Thus, we seek to explore another stream, the behavioral. In this article, we present basic economics concepts and review two of Zygmunt Bauman's works, and then explore the concepts of behavioral economics. Our goal is to bring this aspect to the financial education universe, helping to better understand how to work on this theme within the classroom. Keywords: Financial education; Behavioral economics; Consumerism; Bauman.

scholarly journals Financial Education of Children and Youth

2016 ◽  
Vol 5 (2) ◽  
pp. 65-79 ◽  
Author(s):  
Nikola Fabris ◽  
Radoica Luburić
Keyword(s):  
Financial Literacy ◽  
Financial Distress ◽  
Financial Stability ◽  
Financial Education ◽  
Children And Youth ◽  
International Studies ◽  
National Strategy ◽  
Personal Problems ◽  
National Programme ◽  
Financial Products

Abstract More and more individuals are becoming overindebted and facing difficulties in managing personal finance. On the other hand, financial products are becoming more and more complex, with numerous concealed risks. The level of financial literacy of youth and children is unsatisfactory both in the region and globally. Such a situation could lead to personal problems (financial distress), aggravated financial stability, with reverse adverse implications on economic growth. Many international studies have also confirmed these hypotheses. The aim of this paper is to point to the importance of financial education of youth and children, as well as to give some guidance on how to develop a national programme for increasing financial literacy. The paper develops a five-step programme with the main topics covering the drafting of a national strategy for developing financial literacy of youth and children and its implementation.

COMPUTER MODELING OF FINANCIAL CALCULATIONS

2019 ◽  
pp. 33-37
Author(s):  
O. S. Korneva
Keyword(s):  
Computer Modeling ◽  
Professional Education ◽  
Information Technologies ◽  
Financial Education ◽  
Economic Education ◽  
Economic Activities ◽  
School Teachers ◽  
University Teachers ◽  
Educational Literature ◽  
Higher Professional Education

Within the implementation of the national strategy for improving financial competency and financial education in Russia, aimed at the broad masses of the population, any experience in promoting financial competency among young people, accumulated in the system of training bachelors of Economics, will be useful. The purpose of the article is to present the methodological and practical aspects of teaching the basics of financial calculations of future economists and the formation of computer modeling skills in the field of financial and economic activity. The reason for writing the article was the problem of interdisciplinary integration in the system of financial and economic education. The analysis of educational literature and curricula of the system of secondary and higher professional education, as well as the study and generalization of pedagogical experience showed weak integration of mathematical and economic disciplines with information technologies. The article also presents the problems associated with the calculations in the financial and economic activities with the use of computer modeling. The elements of the presented methods of teaching the basics of financial computing in conjunction with the modeling of financial problems on the computer can be useful for both school teachers and university teachers of mathematics and computer science.

Sign in / Sign up

Export Citation Format

Share Document