nep-fle New Economics Papers
on Financial Literacy and Education
Issue of 2021‒02‒22
three papers chosen by
Viviana Di Giovinazzo
Università degli Studi di Milano-Bicocca

  1. Bank Runs And Media Freedom: What You Don’t Know Won’t Hurt You? By Alexander Benov; Maria Semenova
  2. Finanzas agropecuarias: Desafío pendiente en la agenda agraria en Perú By Trivelli, Carolina; Instituto de Estudios Peruanos
  3. Gender Inclusive Intermediary Education, Financial Stability and Female Employment in the Industry in Sub-Saharan Africa By Simplice A. Asongu; Yann Nounamo; Henri Njangang; Sosson Tadadjeu

  1. By: Alexander Benov (VTB Bank); Maria Semenova (National Research University Higher School of Economics)
    Abstract: During periods of financial turmoil, depositor behaviour is influenced by the economic information environment, which is largely formed by the media—at least for retail depositors. Therefore the severity of bank runs during financial crises, and their efficiency might be conditional on the volume of the bad news appearing in the media during a crisis. If the news flow remains unrestrained, then the probability of bank runs will increase due to the information sensitivity of depositors. Examining whether it is possible to reduce the severity of bank runs during a crisis by controlling the media, we use the panel data 28 countries from 2001 until 2016. We analyze the impact of media freedom on the growth rate of retail deposits: the major role in bank runs is usually played by unsophisticated individual depositors. Generally the results do not support the hypothesis that changes in the degree of media freedom directly influence behavioural strategies of retail depositors during financial crises. However information limitations may be an instrument to support the market discipline mechanisms: higher media freedom during crises seems to blur the information environment depositors make decisions in. Media restrictions could also prevent the financial literacy effect from dilution during financial crises, ensuring that market discipline is not further undermined.
    Keywords: Media freedom, Bank runs, Crisis, Market discipline, Depositors
    JEL: G21 G28
    Date: 2020
  2. By: Trivelli, Carolina; Instituto de Estudios Peruanos
    Abstract: Un tema recurrente, y aún pendiente de atender, en la agenda pública agraria y rural en el Perú, y en buena parte de América Latina y el Caribe (ALC), ha sido el de las finanzas, y sobre todo del crédito con fines productivos. El agro peruano es varios agros, uno agroexportador de alta productividad prin-cipalmente asociado a la costa peruana y otro mayoritario compuesto por agricultura familiar dirigido a la oferta alimentaria nacional. El sector agroexportador, moderno, se financia a través de la banca, mientras que la agricultura familiar principalmente autofinancia sus actividades y trabaja con crédito informal. Esta dicotomía se presenta en muchos países de la región. A pesar de distintas apuestas, desde el estado y desde el propio sistema financiero, solo cerca del del 10% de los productores agro-pecuarios trabajan con un crédito del sistema financiero. El desafío de ampliar el acceso a crédito de los agricultores peruanos sigue pendiente, y para lograr atenderlo se requiere más de lo que se hace actualmente –facilitando fondos a entidades financieras públicas y privadas que trabajan con el agro - para pasar a una acción articulada entre las políticas sectoriales –relacionadas, por ejemplo, con pro-ductividad, formalización, e información- y las relacionadas al sistema financiero –fondeo, garantías, seguros, y otras.
    Keywords: LATIN AMERICA, PERU, SOUTH AMERICA, finance, agriculture, livestock, rural areas, credit, poverty, Coronavirus, coronavirus disease, Coronavirinae, COVID-19, financial inclusion
    Date: 2021
  3. By: Simplice A. Asongu (Yaounde, Cameroon); Yann Nounamo (University of Douala, Cameroon); Henri Njangang (University of Dschang , Cameroon); Sosson Tadadjeu (University of Dschang , Cameroon)
    Abstract: The study examines how financial stability modulates the effect of inclusive intermediary education on female employment in the industry for the period 2008-2018 in Sub-Saharan Africa. The empirical evidence is based on Tobit, Ordinary Least Squares (OLS) and Quantile regressions. There are positive interactive or conditional effects between inclusive intermediary education and financial stability in the Tobit, OLS and bottom quantiles estimations. A net positive (negative) effect is apparent in the 10th quantitle (median) of female employment in the industry distribution. Implications are discussed.
    Keywords: inclusive education; financial sustainability, gender economic inclusion
    JEL: E23 F21 F30 L96 O55
    Date: 2021–02

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