December 22, 2008
Commentary
Mobile Banking - UPDATED
Fast, convenient and easy: the holy trinity of marketing adjectives. Any product or service that can legitimately claim to be all three should sell itself, or at least catch on fast. This blend of attractive features underlies the enthusiasm around mobile banking. Plus it just seems cool—who doesn’t like a story of technological leapfrogging?
December 9, 2008
Commentary
Does Financial Literacy Improve Savings?
A few months ago I did a quick review of the literature on financial literacy training to find out whether there was any indication that those programs have been successful. I was struck by the lack of evidence. Out of all the studies I could find only a couple stood out as being remotely credible. So I took notice when one of those studies, the best of the lot, was put under new scrutiny by Shawn Cole in a presentation last month at a World Bank conference on financial literacy.