Time: 13:00-15:00 (GMT), Wednesday, 17 March 2021
Presenter: Dr Ayse Demir, Coventry University
Chair: Professor Victor Murinde, SOAS University of London
Online venue: Click here to join the meeting on Microsoft Teams (For any inquiry about how to join the online seminar, please contact Dr Meng Xie: xm1@soas.ac.uk)

Abstract
We examine the link between financial literacy and confidence in the financial system. Controlling for potential endogeneity problem due to the self-scored financial literacy bias, we find that financially literate individuals are more likely to have confidence in the financial system. We also show that individuals become more sceptical of the financial system when they are highly educated but have relatively lower levels of financial literacy. Our investigation is supported by innovative methods of Regression Trees and Random Forest.  

Keywords: Financial literacy, Confidence, Financial System

JEL classifications: D12,D83,E58,G21,G22.

Authors: Artur Semeyutin, Ayse Demir and Alper Kara

Presenter

Dr Ayse Demir

Ayse is a Lecturer in Economics at Coventry University. Prior to joining Coventry University, Ayse was a Post-doc Research Fellow under the Inclusive Finance Project at SOAS Centre for Global Finance during 2017-2020. She received her PhD and MSc in Economics from University of Leicester. Her research interests include, but are not limited to, financial economics, development economics and political economy.