The low level of financial literacy across households suggests that they are at risk of making suboptimal financial decisions. In this paper, we analyze the effect of investors’ financial literacy on their decision to demand professional, non-independent advice. We find that non-independent...

Purpose – The purpose of this paper is to study the impact of the 2007 Italian severance payment reform on the cost and the access to credit for small- and medium-sized enterprises (SMEs). Design/methodology/approach – The authors study the implications of the reform adapting the theoretical...

Purpose – The purpose of this paper is to study the impact of the 2007 Italian severance payment reform on the cost and the access to credit for small‐ and medium‐sized enterprises (SMEs). Design/methodology/approach – The authors study the implications of the reform adapting the...

While the African situation displays disparities both within and between countries in terms of economic and human development, on average, many African countries have relatively low school enrolment ratios, highly informal labour markets, high poverty rates, as well as low financial inclusion...

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...

While the African situation displays disparities both within and between countries in terms of economic and human development, on average, many African countries have relatively low school enrolment ratios, highly informal labour markets, high poverty rates, as well as low financial inclusion...

1. The economic way of thinking -- 2. The economics of consumption -- 3. The economics of production and growth -- 4. Cost theorizing and supply curves -- 5. Competition and its enemies -- 6. Taxation, regulation and factor markets -- 7. Money and banking -- 8. International trade -- 9. Exchange...

1. Introduction -- 2. On the nature and scope of economic reasoning -- 3. Time, rationality, cooperation -- 4. Institutions -- 5. Social contracts and historical rules -- 6. Legitimacy and efficiency : an introduction to transaction costs and L&E -- 7. The normative agendas of the L&E approach...