Financial Literacy, Financial Behaviors, and Financial Crises: The Case of Lebanon
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Robert Mesrob DERMESROBIAN Faculty of Business and Economics, University of Pecs , Hungary Manoogian Simone College of Business and Economics American University of Armenia, Yerevan, Armenia
The years-long academic discussion on financial literacy confirms that it promotes sound financial behaviours and increases financial inclusion. In this research work, I check if the latter still holds true during times of financial crises. I take the case of Lebanon, a country going through multiscale crises. By running two sets of surveys and using previous research data to answer my three research questions by using different statistical techniques, I find that regardless of people’s claims, only males acquire financial knowledge from the crises. I also find that people’s behaviours change throughout the financial crises in which previously advocated behaviours become redundant. I conclude my research by providing scholars and researchers with some opportunities for future research as on-topic discussion is scarce and vital to be done during such times.
Copyright© 2023 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.
DerMesrobian, R. M. (2023). Financial Literacy, Financial Behaviors, and Financial Crises: The Case of Lebanon. Journal of Applied Economic Sciences, Volume XVIII, Spring, 1(79): 39 – 49. https://doi.org/10.57017/jaes.v18.1(79).05
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