Grohmann, Antonia; Kouwenberg, Roy; Menkhoff, Lukas - Institut für Weltwirtschaft (IfW) - 2014
sophisticated financial products. We survey middle class people living in Bangkok and find that higher financial literacy leads to … an increased probability of individuals demanding the sophisticated financial products that are available, and more …: it increases the welfare of this group and also contributes to financial development, which is a driver of growth …