NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Financial Literacy and the Financial Crisis

Leora F. Klapper, Annamaria Lusardi, Georgios A. Panos

NBER Working Paper No. 17930
Issued in March 2012

---- Acknowledgements -----

We thank Ed Al-Hussainy, Andrei Markov, David McKenzie, Martin Melecky, Sue Rutledge, Bilal Zia, and seminar participants at the ISNIE 2011 at Stanford University, the CEPR/Study Center Gerzensee 2011 European Summer Symposium, the McDonough School of Business, Essex Business School and the University of Venice for very valuable comments and the World Bank Development Research Group Research Support Budget for financial assistance. Teresa Molina and Douglas Randall provided outstanding research assistance. This paper’s findings, interpretations and conclusions are entirely those of the authors and do not necessarily represent the views or policies of the World Bank, their Executive Directors, the countries they represent or the National Bureau of Economic Research.

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