Fear of risk and lack of trust block European investment – blog
Financial literacy is key to savings and investment union, say ECB economists
Perceived risk and low trust in financial products are the main reasons why European households avoid stocks and other market-based instruments, say economists from the European Central Bank. However, they add that greater financial literacy could help channel households’ savings into capital markets.
In a blog post on September 15, Andrei Dumitrescu, Zakaria Gati, Justus Meyer, Laura Parisi and Alessandro Spolaore map out findings from the bank’s consumer expectations survey to show that, among
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