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Educação Financeira para um Brasil Sustentável Evidências da Necessidade de Atuação do Banco Central do Brasil em Educação Financeira para o Cumprimento de Sua Missão

Author

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  • Fabio de Almeida Lopes Araújo
  • Marcos Aguerri Pimenta de Souza

Abstract

The objective is to show that to fulfill the mission of Banco Central do Brasil (BCB) is required to act in improving the financial education of the society. The methodology used in this study comprises steps of focus, collection and analysis, which considers three hypotheses: the mission of BCB is associated with social welfare, financially educated people contribute to fulfill its mission, and the performance only in the regulation and supervision is insufficient to meet it. The results show that: mission accomplishment is the biggest social responsibility of regulators, the full exercise of citizenship is only achieved by financial education of individuals, a set of indicators shows that the BCB have not devoted sufficient efforts to ensure the financial education of society and the role primarily in regulating and monitoring ensures compliance of important parts of the mission, but others, such as efficiency, need to improve. The commitment of the regulator in financial education can help fill this gap, and thus for sustainable socioeconomic development in Brazil.

Suggested Citation

  • Fabio de Almeida Lopes Araújo & Marcos Aguerri Pimenta de Souza, 2012. "Educação Financeira para um Brasil Sustentável Evidências da Necessidade de Atuação do Banco Central do Brasil em Educação Financeira para o Cumprimento de Sua Missão," Working Papers Series 280, Central Bank of Brazil, Research Department.
    • Handle: RePEc:bcb:wpaper:280
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    Cited by:

    1. Marta Areosa. Waldyr Areosa, 2012. "Asset Prices and Monetary Policy – A sticky-dispersed information model," Working Papers Series 285, Central Bank of Brazil, Research Department.
    2. Bruno Martins, 2012. "Local Market Structure and Bank Competition: evidence from the Brazilian auto loan market," Working Papers Series 299, Central Bank of Brazil, Research Department.
    3. Angelo Marsiglia Fasolo, 2012. "A Note on Particle Filters Applied to DSGE Models," Working Papers Series 281, Central Bank of Brazil, Research Department.
    4. Papadimitriou, Theophilos & Gogas, Periklis & Tabak, Benjamin M., 2013. "Complex networks and banking systems supervision," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(19), pages 4429-4434.
    5. Waldyr Areosa & Marta Areosa, 2012. "The Signaling Effect of Exchange Rates: pass-through under dispersed information," Working Papers Series 282, Central Bank of Brazil, Research Department.
    6. Waldyr Areosa & Marta Areosa, 2012. "Information (in) Chains: information transmission through production chains," Working Papers Series 286, Central Bank of Brazil, Research Department.

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