OECD Working Papers on Finance, Insurance and Private Pensions

ISSN: 
2079-7117 (online)
DOI: 
10.1787/20797117
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Selected studies on finance, insurance and private pensions policy prepared for dissemination in order to stimulate wider discussion and further analysis and obtain feedback from interested audiences. The studies provide timely analysis and background on industry developments, structural issues, and public policy in the financial sector. Topics include risk management, governance, investments, benefit protection, and financial education. Previous papers addressing these policy issues are available via http://dx.doi.org/10.1787/19936397.
 

Financial Education Policies in Asia and the Pacific You or your institution have access to this content

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Author(s):
Flore-Anne Messy1, Chiara Monticone
Author Affiliations
  • 1: OECD, France

19 Jan 2016
Bibliographic information
No.:
40
Pages:
65
DOI: 
10.1787/5jm5b32v5vvc-en

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A number of factors and trends have driven the development of financial education policies in Asia and the Pacific in recent years. In some countries and economies, the development of financial education policies has been mostly spurred by high levels of financial exclusion, both among households and small businesses, in a context of low financial literacy, low general education and high poverty. In others, current or anticipated population ageing is also playing an important role. Various countries and economies in the region have engaged in the development of financial education and financial consumer protection policy responses to help address these issues. This report provides an overview of the recent trends and developments on financial education in Asia and the Pacific. It describes the status of national strategies for financial education and highlights financial education programmes targeting different audiences and through a variety of delivery channels. Based on the analysis of these initiatives, the report offers policy and practical suggestions for policy makers and other stakeholders.
Keywords:
South East Asia, Asia, financial education
JEL Classification:
  • D14: Microeconomics / Household Behavior and Family Economics / Household Saving; Personal Finance
  • D18: Microeconomics / Household Behavior and Family Economics / Consumer Protection
  • G21: Financial Economics / Financial Institutions and Services / Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages
  • G28: Financial Economics / Financial Institutions and Services / Government Policy and Regulation
  • I28: Health, Education, and Welfare / Education and Research Institutions / Government Policy
  • O53: Economic Development, Innovation, Technological Change, and Growth / Economywide Country Studies / Asia including Middle East
  • O56: Economic Development, Innovation, Technological Change, and Growth / Economywide Country Studies / Oceania
 
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