Business, Management and Accounting
3 years ago

Romania's Financial Education System Vulnerable, Urgent Need for Improvement

Journal of Financial Studies
"The current framework of financial education in Romania in the context of the informational economy"
Horia Ioan Tulai, Codruţa Maria Făt, Daniela Georgeta Beju

Paper Summary

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The article discusses how the lack of financial knowledge among consumers in Romania is a problem for the financial system. The researchers looked at European and national policies on financial education to see how they can help. They found that there is a need for better rules and programs to improve financial education for the public.