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Financial education: premises, policies and experience of the Bank of Italy

Author

Listed:
  • Riccardo De Bonis

    (Bank of Italy)

  • Marilisa Guida

    (Bank of Italy)

  • Angela Romagnoli

    (Bank of Italy)

  • Alessandra Staderini

    (Bank of Italy)

Abstract

The paper provides a literature review on financial education; it summarizes the results of the surveys held in Italy, as well as the challenges of measuring financial literacy, and offers an overview of the international policy debate. The paper also describes the initiatives undertaken by the Bank of Italy, with special focus on methodology and on the programs launched by the Institute, both for the youth and for adults, in the last 15 years; lastly, it suggests some directions for future progress.

Suggested Citation

  • Riccardo De Bonis & Marilisa Guida & Angela Romagnoli & Alessandra Staderini, 2022. "Financial education: premises, policies and experience of the Bank of Italy," Questioni di Economia e Finanza (Occasional Papers) 726, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_726_22
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    Download full text from publisher

    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2022-0726/QEF_726_22.pdf
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    More about this item

    Keywords

    financial education; measurement of financial literacy; Bank of Italy financial education initiatives;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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