In the past decade, hundreds of companies from emerging markets have listed their shares on American and European stock markets. Brazil, Russia, India, and China (BRIC) are the main countries of origin of issuers, and stock exchanges in the United States, the United Kingdom, and Luxembourg are...

Financial literacy has caught the attention of policy makers around the world. A major research program has been initiated by the World Bank aimed at mapping patterns of financial literacy in developed and developing economies. In this article, I explain the conceptual foundations of the...