Advanced Search
MyIDEAS: Login

Selected Central Banks’ Economic and Financial Literacy Programs

Contents:

Author Info

  • Manfred Fluch

    ()
    (Oesterreichische Nationalbank, Communications, Planning and Human Resources Department)

Registered author(s):

    Abstract

    This study examines the type and extent of information central banks provide to advance economic literacy in general and financial literacy in particular. Some 30 central banks across the world provide financial education products of varying complexity for different target groups, some in close cooperation with other institutions. Some central banks consider their financial education activities a core competence and give them a prominent role, whereas the “educational visibility” of others is limited. Several central banks have recently launched financial literacy campaigns. Products designed to make people financially knowledgeable are aimed at key target groups, basically children, adolescents, students and teachers. Print products – once the product of choice – have been losing importance. Conversely, central banks use more and more modern knowledge transfer methods, in particular (multilingual) multimedia and e-education packages ranging from online games to multiyear educational programs. Moreover, some central banks have invested heavily in establishing special visitors or training centers, or have pooled knowledge e.g. at money museums. Central banks’ educational Internet resources differ extensively in scope and presentation; only few central banks’ websites provide truly comprehensive and easily accessible information. Financial knowledge transfer appears to work best from simple media and for products that are very strongly focused on individual benefit.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.oenb.at/dms/oenb/Publikationen/Volkswirtschaft/Monetary-Policy-and-the-Economy/2007/Monetary-Policy-and-the-Economy-Q3-07/chapters/mop_2007_3_fluch_tcm16-69089.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Oesterreichische Nationalbank (Austrian Central Bank) in its journal Monetary Policy & the Economy.

    Volume (Year): (2007)
    Issue (Month): 3 ()
    Pages: 80–104

    as in new window
    Handle: RePEc:onb:oenbmp:y:2007:i:3:b:5

    Contact details of provider:
    Postal: P.O. Box 61, A-1011 Vienna, Austria
    Phone: +43/1/404 20 7405
    Fax: +43/1/404 20 7499
    Email:
    Web page: http://www.oenb.at
    More information through EDIRC

    Order Information:
    Postal: Oesterreichische Nationalbank, Documentation Management and Communications Services, Otto-Wagner Platz 3, A-1090 Vienna, Austria
    Email:

    Related research

    Keywords: economic education activities; central banks.;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Anthony M. Santomero, 2003. "Knowledge is power: the importance of economic education," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 1-5.
    2. Ernest Gnan & Maria Antoinette Silgoner & Beat Weber, 2007. "Economic and Financial Education: Concepts, Goals and Measurement," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 28–49.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Sabine Schlögl, 2007. "Financial and Economic Education Products and Services of Austrian Institutions and Enterprises," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 68–84.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:onb:oenbmp:y:2007:i:3:b:5. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudia Kwapil).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.