Financial Inclusion & Societal Change
Financial transactions are an essential element of daily economic life. Households depend on reliable structures for purchasing goods, obtaining credit, making investments, and acquiring insurance. Accordingly, it is essential for the general welfare of society that people are financially literate and have equal access to financial services.
The digital transformation and internationalization are bringing about fundamental shifts in the relationship between consumers and financial service providers. Financial market actors must also respond to demographic trends and changing social values. The diverse regulations on social sustainability enacted in recent years are a reflection of such normative change.
Research at the intersection of societal change and financial inclusion benefits not only from expertise within the House of Finance, but also from interdisciplinary collaboration with various university departments. As part of our Visiting Professorship of Financial History, we invite distinguished scholars to shed light on long-term changes in the world’s financial and monetary systems.
Activities at the House of Finance
We survey financial advisors to elicit their subjective beliefs about asset returns and…
We survey financial advisors to elicit their subjective beliefs about asset returns and the macroeconomy. Our bespoke survey design captures both short-term and long-term return expectations…
Researchers at the Leibniz Institute SAFE publish a study on the financial literacy of…
Researchers at the Leibniz Institute SAFE publish a study on the financial literacy of young adults in Hesse and launch an app for pension planning. With their research and app innovation,…
The introduction of central bank digital currencies (CBDCs) in general, and of a digital…
The introduction of central bank digital currencies (CBDCs) in general, and of a digital euro in particular, has attracted growing interest from academic research, central banks and…
Differences in household saving rates are a key driver of wealth inequality. But what…
Differences in household saving rates are a key driver of wealth inequality. But what determines these differences in saving rates and wealth accumulation? We provide a new answer to this…
The Institut Louis Bachelier (ILB) in Paris and the Center for Financial Studies are…
The Institut Louis Bachelier (ILB) in Paris and the Center for Financial Studies are pleased to invite you to the launch of a new index ranking the world’s financial centres according to…
Meritocracies aspire to reward hard work and promise not to judge individuals by the…
Meritocracies aspire to reward hard work and promise not to judge individuals by the circumstances into which they were born. However, circumstances often shape the choice to work hard. I…