No. 723 - Challenges for financial inclusion: the role for financial education and new directions

by Magda Bianco, Daniela Marconi, Angela Romagnoli and Massimiliano Stacchini
October 2022
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This paper analyses the main factors relating to financial inclusion, defined as holding at least a transaction account. An analysis is carried out on 110 countries using data from the World Bank, with a focus on the role of financial education in a context of increasing digitalization of finance.

This paper shows that economic participation, financial knowledge and financial education strategies favour financial inclusion. Moreover, it addresses a positive correlation between digital skills and financial literacy.

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  1. 19 October 2022
    No. 723 - Challenges for financial inclusion: the role for financial education and new directions
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