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The Role of Financial Inclusion: Does Financial Inclusion Matter?

The Role of Financial Inclusion: Does Financial Inclusion Matter?

Ulkem Basdas
Copyright: © 2020 |Pages: 32
ISBN13: 9781799824404|ISBN10: 1799824403|ISBN13 Softcover: 9781799824435|EISBN13: 9781799824411
DOI: 10.4018/978-1-7998-2440-4.ch011
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MLA

Basdas, Ulkem. "The Role of Financial Inclusion: Does Financial Inclusion Matter?." Emerging Tools and Strategies for Financial Management, edited by Begoña Álvarez-García and José-Pablo Abeal-Vázquez, IGI Global, 2020, pp. 248-279. https://doi.org/10.4018/978-1-7998-2440-4.ch011

APA

Basdas, U. (2020). The Role of Financial Inclusion: Does Financial Inclusion Matter?. In B. Álvarez-García & J. Abeal-Vázquez (Eds.), Emerging Tools and Strategies for Financial Management (pp. 248-279). IGI Global. https://doi.org/10.4018/978-1-7998-2440-4.ch011

Chicago

Basdas, Ulkem. "The Role of Financial Inclusion: Does Financial Inclusion Matter?." In Emerging Tools and Strategies for Financial Management, edited by Begoña Álvarez-García and José-Pablo Abeal-Vázquez, 248-279. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2440-4.ch011

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Abstract

This chapter highlights the importance of financial education, its link with financial decision-making process, comparative status of different countries, and efforts to improve current situation. Unfortunately, there is no standard definition for neither financial education nor measures to quantify it. Therefore, this chapter first aims to provide a comprehensive definition in order to explain how financial knowledge affects the decision-making process. Then, financial literacy measures from previous studies over different countries would be discussed to show financial illiteracy problem is global. Lastly, solutions and recommendations would be discussed at three different levels: younger people, individuals, and national strategies.

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