Brazil: Financial System Stability Assessment
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The plan of the paper is that evidence on the effect of financial education and literacy is
first surveyed. Some of the behavioural biases most relevant to financial markets are then
identified and implications for policy are considered. A fuller taxonomy of extant biases
is provided in the Appendix. Finally, debiasing strategies appearing in the literature are
discussed. Unfortunately, there is little work that directly considers whether biases can be
eliminated by appropriate training, especially in a financial context. There is a clear need
for more research in this area....
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Brazil: Financial System Stability Assessment
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Brazil: Financial System Stability Assessment
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