Does financial literacy avoid economic crises?

Research output: Non-textual formWeb publication/site


Since the 2008 global crisis, a great deal of attention has been paid to the concept of financial literacy and financial inclusion. It is evident from the rapidly growing number of publications in scholarly journals.

The reason is that the customers were ultimately blamed for failing to repay their mortgages in the United States. It was indeed a multidimensional phenomenon due to the complexity of the underlying financial system. However, it was easy to stress the financial illiteracy of people who were enjoying the rare opportunity of subprime mortgages because they did not foresee their inability to pay their monthly payments when the wind of financial change blew.
Original languageEnglish
PublisherSOAS University of London
Media of outputOnline
Publication statusPublished - 22 Mar 2022


Dive into the research topics of 'Does financial literacy avoid economic crises?'. Together they form a unique fingerprint.

Cite this