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Study in collaboration with Funcas reveals impact of economic crises on financial education

    The study carried out by our research group in collaboration with Funcas shows that economic crises drive the adoption of financial education strategies.

    The research, which is carried out in two phases, studies the institutional determinants, both formal and cultural, that lead to the adoption of national financial education strategies and educational regulations, as well as their impact on young people’s financial skills.

    Institutional factors, such as long-term orientation, and economic environment factors, such as entrepreneurial freedom or GDP per capita, help explain the adoption of national financial education strategies.

    Initial results indicate that the political spectrum of governments does not influence the implementation of national financial education strategies.