Governments should not only focus on mitigating the financial and economic effects of the pandemic but also take into account nonfinancial effects since these are strongly associated with individual well-being.
The outbreak of the COVID-19 virus and the resulting falls in demand due both to uncertainty and policy interventions are having a severe impact on Asian economies and hence on Asian households.
A higher level of financial literacy has strong and positive effects on an individual’s awareness and use of fintech products.
Higher financial literacy is positively associated with a higher likelihood of using fintech services but negatively correlated with holdings of crypto assets.
Financial literacy is gaining increasing importance as a policy objective in many countries.
Economic development has progressed rapidly in Asia in recent decades, moving many people out of subsistence agriculture into more productive jobs in manufacturing and services.
Increased imports from the People's Republic of China (PRC) from 2000 to 2014 led to a fall in income inequality in provinces and districts in Viet Nam.
Migration of other family members does not affect a child’s decision to attend school directly, but indirectly through an increase in time spent at work.
Educational level, income, age, and occupational status determine financial literacy.