Naslov
European strategies for improving financial literacy

Autori
Lončar, Iris ; Golemac, Zrinka

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
IRI International Conference on Social Processes : Abstract Book / Balogh, Péter ; Fekete, Sándor ; Horváth, Ágnes ; Karlovitz, János Tibor ; Kim, Jinhee ; Laki, Ildikó ; Szabó-Tóth, Kinga-Dóra ; Torgyik, Judit - Komarno, 2015, 24-24

ISBN
978-80-89691-28-9

Skup
IRI International Conference on Social Processes

Mjesto i datum
Budimpešta, Mađarska, 14.12.2015. - 15.12.2015

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
financial literacy ; national strategies ; European Union

Sažetak
Recent global economic and financial crisis, besides affecting economic and financial sector, also affected a wide circle of individuals – credit payers who were not able to settle their debts, partly due to the growth of interest rates and partly because of a lack of personal income. Namely, at the beginning, the policy of low interest rates attracted a great number of borrowers with relatively low credit rating ; however, the subsequent growth of interest rates caused their insolvency and enormous indebtedness. In an attempt to overcome financial crisis and prevent its recurrence, the world leading countries conciliated on a set of measures for the regulation of business on financial markets. These measures, among other things, define the obligation of consumer protection by transparent information on financial products and accompanying risks. However, numerous researches have indicated that most of population do not have a satisfying level of knowledge on basic financial categorical system. Therefore, in such circumstances, the expectations that optimum results will be gained solely by the processes of informing have become unreal, thus initiating the strengthening of financial literacy on a global level. Governments and relevant stakeholders of many countries designed and established different approaches and programmes for promoting financial literacy. The aim of this research is to provide a comprehensive comparative overview of the former development of national strategies for improving financial literacy in the EU countries. The overview should be particularly interesting for countries which have just started to develop a programme of financial literacy, like Croatia. Special emphasis will be placed on key actors in financial literacy and examples of good practices at the EU level. Despite the identical aim, the research has shown that there is no generally accepted model, but individual national strategies adapt to specific conditions, possibilities and needs of population and country.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA