Financial Education: is teaching ABC enough?

My earlier article on Finance becoming increasingly Greek pushed me into writing a paper on the subject.

I have written a paper evaluating the various financial education programs and how it shapes up given the developments in financial markets. Needless to say the financial education programs are very basic and basically that is their purpose. However, developments in financial markets are anything but basic. But then that looks the way going forward as well.

This puts policymakers in another dilemma amidst many other dilemmas (target growth or inflation, support or not support failing financial firms etc.)

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