386

BIBLIOGRAPHY

Journals& Reports

Abhijit V. Banerjee and Esther Duflo (2006), The Economic Lives of the Poor, Abdul

Latif Jameel Poverty Action Lab, Massachusetts Institute of Technology,

Cambridge, Massachusetts.

Adult Financial Literacy Advisory Group (AdFLAG)(2000), How to promote better

access to financial education to young people and adults, Cited in Financial

Literacy Research –Current Literature and Future 0pportunities,S

Marcolin ( 2006), Department of Education and Skills, London.

Aghion, Philippe and Bolton, Patrick (1997), A Trickle-Down Theory of Growth and

Development with Debt overhang, Review of Economic studies, Oxford

Journals, vol.64(2), pp.151-172.

Angelo Capuano & Ian Ramsay (2011), What causes suboptimal financial behaviour?

An exploration of financial literacy, social influences and behavioural

economics, Research Report, University of Melbourne.

ANZ Bank (2008), The ANZ Survey of Adult Financial Literacy in Australia, The

Social Reserach Centre,Department of Financial Inclusion & Capability, The

Australia and New Zealand Banking Group Limited (ANZ), Australia.

ANZ Bank. (2011), ANZ Survey of Adult Financial Literacy in Australia , The Social

Research Centre, Department of Financial Inclusion & Capability, The Australia

and New Zealand Banking Group Limited (ANZ), Australia .

Ardington,c. and Leibbrandt, M.(2004) Financial Services and The Informal Economy,

Centre for Social Science Research Working Paper No. 66. University of Cape

Town.

ASIC (2003), Financial Literacy in Schools, Australian Securities and Investments

Commission, Consultation Paper 45.

Atkinson Adele and Anne Messy (2011), Measuring financial literacy: results of the

OECD- INFE pilot study, OECD - International Network on Financial

Education (INFE).

387

Australian Securities and Investments Commission (ASIC) (2011), National financial

literacy strategy Report 229, Australia, Released on 15 March 2011.

Banerjee, Abhijit and Newman (1997), Occupational Choice and the Process of

Development, Journal of Political Economy, University of Chicago Press,

Vol.101, (2), pp.274-298.

Bank of Japan (2002), Public Opinion Survey on Household Financial Assets and

Liabilities.

Barbara O’Neill, Aimee D. Prawitz, Benoit Sorhaindo, Jinhee Kim, and E. Thomas

Garman, (2006) Changes in Health, Negative Financial Events, and Financial

Distress/Financial Well-Being for Debt management Program Clients, Financial

Counselling and Planning , vol. 17,no. 2 , pp.46-63

Beal, D.J. and Delpachitra, S. B. (2003), Financial Literacy among Australian

University Students, Economic Papers, vol.22(1), pp.65-78.

Beck, Thorsten, Aslý Demirgüç-Kunt, and Maria Soledad Martinez Peria (2007),

Banking Services for Everyone? Barriers to Bank Access and Use around the

World, Policy Research Working Paper 4079, World Bank, Washington, World

Bank

Benjamin Roberts and Jarè Struwig (2011), Financial Literacy in South Africa: Results

of an OECD/INFE pilot study, Report Prepared for The Financial Services Board

(FSB), South Africa by Human Sciences Research Council (HSRC).

Bernheim, B.D. and Garrett, D.M. (2003), The Effects of Financial Education in the

Workplace: Evidence From a Survey of Households, Journal of Public

Economics, vol. 87, no. 10, pp. 1487-1519.

Bernstein, W. (2004), Are we happy yet? Financial Planning, vol.34 (5), p.144.

Bhaskaran,R. (2006), Financial Inclusion: What Needs to be Done? Reading on

Financial Inclusion, Indian Institute of Banking and Finance, Mumbai.

Bindhu Ananth,Bastavee Barooah, Rupalee Ruchismita and Aparna bhatnagar (2004),

A Blueprint for the Delivery of Comprehensive Financial Services to the Poor in

India, Centre for Micro finance Working Paper Series , IFMR, Chennai .

388

Braunstein, S. and Welch, C. (2002), Financial Literacy: An Overview of Practice,

Research, and policy, Federal Reserve Bulletin, vol. 88, pp. 445-457

Brenda, J. (2006), College Students and Financial Literacy: What They Know and

What We Need to Learn, Eastern Family Economics and Resource Management

Association( EFERMA) ,University of Georgia; Athens,USA.

Burgess Robin and Rohini Pande (2003), Do Rural Banks Matter? Evidence from

Indian Social banking Experiment, Robin Burgess, London School of Economics

and Political Science and Rohini Pande,Yale University,Business Economics,

vol . 36, no. 3, pp 63-69.

Carol Anderson, Jamie Kent, Deanna Lyter, Jurg Siegenthaler and Jeremy Ward

(2000), Personal Finance and the Rush to Competence, National Field Study

Commissioned by the Fannie Mae Foundation, Institute for Socio-Financial

Studies, USA.

Carolynne, L., Mason,J , Richard, M. and Wilson,(2000), Conceptualising Financial

Literacy , Business School Research Paper Series, Loughborough University,

London.

Cathy Bowen (2002) , Financial Knowledge of Teens and Their Parents, Journal

of Financial Counselling and Planning , vol. 13, p.93.

Chakrabarty, K.C., (2009), Furthering Financial Inclusion through Financial Literacy

and Credit Counselling, Speech by Deputy Governor of the Reserve Bank of

India, at the launch of Federal Ashwas Trust, Kochi, 30 November 2009.

Chandra Bihari (2011), Consumer awareness at the bottom of the pyramid: A study

with reference to the banking industry in India, Zenith International Journal of

Multidisciplinary Research, vol.1.(8).

Chattopadhyay, Sadhan Kumar (2011), Financial Inclusion in India: A case-study of

West Bengal, Working paper series W P S (DEPR): 8 / 2011, Reserve Bank of

India, Mumbai.

Chen, H. ,Volpe, R.P, Liu Sheen (2006) , An analysis of the importance of personal

finance topics and the level of knowledge possessed by working adults, Financial

Services Review, vol.15, pp. 81-98.

389

Chen, H. and Volpe, R.P. ( 2005),Financial Literacy, Education, and Services in the

Workplace, B>Quest (Business Quest), A Journal of Applied Topics in Business

and Economics ,Richards College of Business, University of West Georgia,

Carrollton, Georgia U.S.A.

Chen, H. and Volpe, R.P. (1998), An analysis of personal financial literacy among

college students, Financial Services Review, vol.7, pp. 107-128.

Chiara Monticone (2010), How Much Does Wealth Matter in the Acquisition of

Financial Literacy, The of Consumer Affairs, Sharon Tennyson , Cornell

University, American Council on Consumer Affairs , vol. 44, pp. 403- 404.

Chidambaram, P. (2010), Sspecial public lecture delivered by the Finance Minister,

Sri P. Chidambaram at the Rajiv Gandhi Centre for Contemporary Studies at the

University of Mumbai, Mumbai on 20 July, 2007.

Classens, S. (2006), Access to Financial Services, A Review of The Issues And Public

Policy Objectives, The World Bank Research Observer, vol.21, pp.207-240.

Clive Laurence, George Bell, Peter Rousseau (2001), Post-independence India: a case

of finance-led industrialization?’ Working Paper. No 19, Department of

Economics, Vanderbilt University.

Collins Online Dictionary and Thesaurus, Harper Collins, Glasgow.

Commonwealth Bank Foundation (2004), Australians and Financial Literacy,

Commonwealth Bank Foundation, Sydney. Cornell University, Department of

Applied Economics and Management’ Working Paper. 51111.

Courchane Marsha, GaileyAdam and Zorn Peter (2008), Consumer credit literacy:

What price perception, Journal of Economics and Business, Elsevier, vol. 60(1-

2), pages 125-138.

Cutler, N.E., (1997), The False Alarms and Blaring Sirens of Financial Literacy:

Middle-Agers’ Knowledge of Retirement Income, Health Finance and Long-

Term Care, Generations vol. 21, pp.34-40.

Dana Markow (2005), What American Teens and Adults Know About Economics,

Prepared for National Council on Economic Education, USA.

390

Dasarathi, Mishra (2011), Micro Finance Institutions in India - Their role and

relevance in Financial Inclusion, Bank Quest, The Journal of Indian Institute of

Banking & Finance, vol. 82, no. 4, pp.52-59.

David , Remund ( 2010) Financial Literacy Explicated: The Case for a Clearer

Definition in an Increasingly Complex Economy, The Journal of Consumer

Affairs, vol. 44 p276.

De Beer, C.S. (2006). Muthos, Logos, Nous: in pursuit of the ultimate in human

thought, Journal of the South African Society for Greek Philosophy and the

Humanities, vol.l7 (1), pp. 55–68.

DFID (2008), UK Backs Lessons in Banking to Help Africa’s Poor, DFID, London

Dieter Kotte & Ralf Witt. (2005), Chance and Challenge: Assessing Economic

Literacy, Technical University, Dresden School of Economics Germany.

Economic Times-e-papers dated 04-01-2010, 11-09-2008, 04-04-2008 and 31-07-2007.

EFEP (2011). National Financial Education Needs & Gap, European Financial

Education Partnership, Synthesis Report.

Elaine Kempson and Andrea Finney (2009), Saving in Lower Income Households: A

Review of the Evidence, Personal Finance Research Centre, and University of

Bristol, UK

Elaine Kempson, (2009), Framework for the Development of Financial Literacy

Baseline Surveys: A First International Comparative Analysis, OECD Working

Papers on Finance, Insurance and Private Pensions No. 1.

Elizabeth Bell and Robert, I. Lerman (2005), Can Financial Literacy Enhance Asset

Building? Urban Institute and Health Affairs, 2100 M Street Washington, DC

20037, USA.

Elizabeth Johnson and Margaret Sherraden (2006), From Financial Literacy to

Financial Capability Among Youth, Center for Social Development, Washington

University. Centre for Social Development Working paper series.

Emerging world (2011), NSSO-Household-Consumer-Expenditure-Survey.

European Commission (2007), Report on Financial Literacy and Education Initiatives

by Competent Authorities, European Commission.

391

Fin Mark Trust (2004), Financial Literacy Scoping Study & Strategy Project, ECI

Africa, Consulting (Pty) Ltd, Johannesburg, South Africa.

Financial Literacy Foundation, Australia (2008), understanding money, Money-

management Portal by Australia .

Financial Services Authority (2006), Financial Capability in UK, Establishing a

Baseline, The Financial Capability Survey by FSA, U K.

Financial Services Authority U K (2011), ‘Consumer Council guide to the FSA’s

Money Made Clear web resource’

Fox, J., Bartholomae, S. and Lee, J (2005), Building the Case for Financial

Education, Journal of Consumer Affairs, vol. 39, pp. 195-214.

Fromlet, H. (2001) Behavioral Finance – Theory and Practical Application

Galbraith, J.K. (1975), Money: Whence it came, where it went. First published in 1975,

Reprinted by Penguin Books, U K, 1979.

Galor Oded and Zeira (1993), Income Distribution and Macroeconomics’ Review of

Economic Studies, Oxford Journals, vol.60 (1), pp.35-52.

Gary Rabbior (2011),Case Studies of International Financial Education Initiatives,

Research paper prepared for The Task Force on Financial literacy, Canada.

Gene Amromin (2005), Precautionary savings motives and tax efficiency of household

portfolios-an empirical analysis, Finance and Economics Discussion Series,

Divisions of Research & Statistics and Monetary Affairs

Gouws and Shuttleworth (2009), Financial literacy: an interface between financial

information and decision-makers in organizations, Southern African Business

Review, vol.13, pp.141-166.

Grameen foundation (2010), Do the Poor Need Financial Literacy, Creating a World

without Poverty,

Granato, J. Inglehart, R & Lablaug, D. (1996), The Effect of Cultural Values on

Economic Development: Theory, Hypothesis, and Tests, American Journal of

Political Science. vol.40, pp.607-31

Herbert A Simon (1960), The New Science of Management Decision, Prentice-

Hall, USA, pp5-6

392

Herbert A, Simon (1978), Rationality as a Process and as a Product of Thought.

American Economic Review, American Economic Association, vol.70, pp. 1-16.

Herbert A. Simon (1957), Models of Man: Social and Rational, John Wiley and Sons,

Inc., New York, p.279.

Herbert, A Simon(1955),A Behavioural Model of Rational Choice, Quarterly Journal of

Economics, Oxford Journals, vol. 69(1), 99–188.

Hilgert, Hogarth, & Beverley (2003), Household Financial Management: The

Connection between Knowledge and Behavior. Federal Reserve Bulletin ,

vol.89,no. 7, pp.310-321.

Hirchand Madeline (2003), Serving of small depositors, overcoming obstacles,

Recognizing the tradeoffs, Micro Banking Bulletin, Microfinance Information

Exchange Inc. Washington DC v. 9, pp. 3-8.

Hiroshi Fujiki and Cheng Hsiao (2002), Public Opinion Survey on Household

Financial Assets and liabilities, Institute for Monetary and Economic studies,

Bank of Japan. IMES Discussion Paper Series. No. 2008-E-17,

HM Treasury (2007), Financial Capability: The Government’s Long Term Approach’,

Hogarth, Hilgert, and Schuchardt (2002), Money Managers, The Good, the Bad, and

the Lost, Proceedings of the Association for Financial Counselling and Planning

Education, 2002, pp. 12-23.

Holzmann Robert (2010), Bringing Financial Literacy and Education to Low and

Middle Income Countries: The Need to Review, Adjust and Extend Current

Wisdom, World Bank, IZA and CES Revised Draft, July 1 2010, Discussion

Paper No 56501.

Honohan. P, Beck, T. And Demirgüc-Kunt, A. (2008), Finance for All, World Bank

Policy Research Report Washington, D.C.

Hubert Fromlet (2007), Financial Literacy and its Benefits on a Household, Corporate

and Macroeconomic Level, Discussion Paper No 17, Swedbank. Sweden.

Huddleston, C.A., Danes, S.M and Boyce, L.M. (1999), Impact Evaluation of Financial

Literacy Program: Evidence for Needed Educational Policy Changes, Consumer

Interests Annual, vol. 45, pp. 109-114.

393

Hussein A. Hassan Al-Tamimi, Al Anood Bin Kalli (2009), Financial literacy and

investment decisions of UAE investors, Journal of Risk Finance, Emerald Group

Publishing , Howard House, Wagon Lane Bingley, UK vol.10,(5) pp.500-516

Ignacio Mas, (2010), How can we increase savings among the poor, Centre for Micro

Finance, working paper, Bill and Melinda Gates Foundation, Washington.

IHDR (2011), India Human Development Report-2011, Published by Institute of

Applied Manpower Research. Planning Commission. Government of India.

Imran Matin, David Hulme and Stuart Rutherford (2002), Finance for the poor: from

Microcredit to Micro financial Services, Journal of International Development,

Wiley & Sons, Ltd, Vol.14(2), pp.273-294.

India Population Census Report 2011. Government of India

ING group, (2011), ING International Financial literacy and Consumer esourcefulness

study, ING Group, Corporate Communications. Amsterdam, Netherlands.

Jacob John (2009), A study on Kudumbashree project A Poverty Eradication

Programme in Kerala Performance, Impact and Lessons for other States, Kerala

Development Society (KDS-Delhi), Sponsored By Planning Commission of

India. pp. 54-82

Jappelli, Tullio (2010), Economic Literacy: An International Comparison,The

Economic Journal, vol. 120, pp. 429-451.

Jayshree Vyas. (2011), Financial Literacy for Financial Inclusion, Managing Director,

SEWA Bank,

Jeanne M. Hogarth (2006), Financial Education and Economic Development,

Improving Financial Literacy, International Conference hosted by the Russian

G8 Presidency in Cooperation with the OECD ,29-30 November 2006

Jennifer Turnham (2010), Attitudes to Savings and Financial Education Among Low-

Income Populations, Centre for Financial Security, University of Wisconsin-

Madison, USA.

Jerry Buckland (2011), Money Management on a Shoestring: A Critical Literature

Review of Financial Literacy & Low-income People, Research Paper prepared

for Task Force on Financial Literacy, Canada.

394

John Kozup and Jeanne Hogarth,(2008) Financial Literacy, Public Policy, and

Consumers’ Self-Protection Journal of Consumer Affairs, vol. 42 , pp.127-

131

Jonathan Morduch and Stuart Rutherford (2003), Microfinance: analytical issues for

India’ World Bank.

Joo and Garman (1998), Financial Literacy = Productivity, Virginia Technical

University, USA, Journal of Pension Economics and Finance, Cambridge

University Press, vol. 10(04), pp. 497-508,

Jump$tart Coalition (2010), Making the Case for Financial Literacy, Jump$tart

Coalition,USA.

Jump$tart Coalition, (2008), Survey of the Financial Literacy of Young American

Adults, Investor Education Foundation, Financial Capability in the United States

National Survey.

Keith Hall (2008), The Importance of Financial Literacy, Speech delivered at the

Conference on Deepening Financial Capacity in the Pacific Region, Sydney.

Kenneth Black, Jr., Conard S. Ciccotello, Harold D. Skipper, Jr. (2002), Issues in

Comprehensive Personal Financial Planning, Financial Services Review, vol, 11

(2), pp.1-9.

Kim Jinhee. (2001), Financial knowledge and objective and subjective financial well-

being’, Consumer Interests Annual, American Council on Consumer Interests,

vol.l 47 .

Klapper, L. (2012) Financial Literacy and the Financial Crisis: Evidence from

Russia,World Bank Policy Research Working Paper No. 5980.

Krishnakumar, P. (2001) The Quality of Life of Low- Income Groups:, A micro -level

Study, Discussion Paper 34, Kerala Research programme on local Level

Development, Centre for Development Studies, Thiruvananthapuram.

Leff, Nathaniel H. (1969), Dependency Ratios and Saving Rates, American Economic

Review, vol.59(5), pp. 886-96.

395

Lisa Servon and Robert Kaestner(2008), Consumer Financial Literacy and the Impact

of Online Banking on the Financial Behavior of Lower-Income Bank Customers,

The Journal of Consumer Affairs ,vol. 42, pp. 271–305

Lisa Servon and Robert Kaestner, (2008) ‘Consumer Financial Literacy and the

Impact of Online Banking on the Financial Behavior of Lower-Income Bank

Customers’ Journal of Consumer Affairs, vol. 42, no,2,pp. 271–305,

Lusardi Annamaria (2009) Education, Debt Literacy, Financial Experiences and

Overindebtedness, Presented to the OECD-Brazilian International Conference on

Financial Education, 15-16 December 2009

Lusardi Annamaria (2008), Household Saving Behaviour: The Role of Financial

Literacy, Information, and Financial Education Programs, NBER Working

Paper No. 13824.

Lusardi Annamaria and Olivia S. Mitchell (2006), Financial literacy and planning,

implications for retirement well being, Pension Research Council- Working

paper No.1.

Lusardi Annamaria and Peter Tufano (2009), Education, Debt Literacy, Financial

Experiences and Overindebtedness, Paper Presented to the OECD-Brazilian

International Conference on Financial Education, 15-16 December 2009, Rio de

Janeiro, Brazil.

Lusardi Annamaria, Olivia S. Mitchell& Vilsa Curt (2010), Financial Literacy Among

the young:Evidence and Implications for Consumer Policy, Working Paper

15352, National Bureau of Economic Research, Cambridge,

Lusardi, A., and O. Mitchell (2007), Financial literacy and retirement preparedness:

Evidence and implications for financial education. Business Economics, vol.

42, pp.35–44.

Lusardi, A., and Olivia S. Mitchell (2009), How ordinary consumers make complex

economic decisions: Financial literacy and retirement readiness. NBER

Working Paper No. 15350.

Lusardi, Annamaria (2008). Financial Literacy: An Essential Tool for Informed

Consumer Choice?, NBER Working Paper No. 14084, June 2008.

396

Lusardi, Annamaria and Mitchel, O. S. (2007), Household Saving Behaviour, The Role

of Financial Literacy Information and Financial Education Programs, NBER

Working Paper 13824.

Lusardi, Annamaria(2001),Financial literacy around the world: an overview, The

George Washington University School of Business and Netspar.

Maarten van Rooij, Annamaria Lusardi and Rob Alessie , (2007) ‘Financial

Literacy and Stock Market Participation’, Working Paper No 13565, National

Bureau of Economic Research.

Mandell Lewis (2007), The Impact of Financial Education in High School and College

on Financial Literacy and Subsequent Financial Decision Making, The

American Economic Association.

Mandell Lewis (2008), Survey of the Financial Literacy of Young American Adults,

Results of the 2008 National Jump$tart Coalition. Survey of High School

Seniors and College Students, National Jump$tart Coalition,Washington D C.

Mandell Lewis (1997), Personal financial survey of high school seniors, Jump$tart

Coalition for Personal Financial Literacy. USA

Mandell Lewis (2004), Financial Literacy: Are We Improving? Jump$ tart Coalition

for Personal Financial Literacy, USA.

Mandell, Lewis and Linda Schmid Klein (2007), Motivation and financial literacy,

Financial Services Review, vol.16, pp. 105- 116.

Marco Habschick, Britta Seidl and Jan Evers (2007) Survey of financial literacy schemes

in the E U 27, VT Market/2006/26H - Final Report, Hamburg, Germany.

Margaret Miller (2009),The Case for Financial Literacy in Developing Countries-

Promoting Access to Finance by Empowering Consumers, Joint note co-authored

by Margaret Miller (World Bank Group), Nicholas Godfrey (Department for

International Development, DFID), Bruno Levesque (Organisation for Economic

Co-operation and Development, OECD), and Evelyn Stark World Bank.

Marsha Courchane, Adam Gailey and Peter Zorn, (2008), Consumer Credit Literacy:

What Price Perception?’ Journal of Economics and Business, vol.60, p.125.

397

Martin Sewell. (2007), An Introduction to Behavioural Finance, Revised April 2010)

University of Cambridge, UK.

MAS (2005), National Financial Literacy Survey, First National Financial Literacy

Survey by Monetary Authority of Singapore 30 July 2005

Mason, A. (1988), Saving, Economic Growth and Demographic Change, Population

and Development Review, 1988, vol. 149(1), pp.113-144.

MasterCard Worldwide Insights (2010), How Well Do Women Know Their Money:

Financial Literacy Across Asia/Pacific, Middle East and Africa, Master Card.

Mathew Martin (2005), Literature Review on the Effectiveness of Financial Education ,

Research Department, Federal Reserve Bank of Richmond , United States,

Working Paper 07-03, June 15,2007.

Max New York Life Survey, (2008), How India Earns, Plans, and Saves, A Max New

York Life-National Council of Applied Economic Research (NCAER) Survey

Meier, Stephan, and Charles. Sprenger (2007), Selection into Financial Literacy

Programs: Evidence from a Field Study, Discussion Paper No 07-5, Federal

Reserve Bank of Boston.

Minakshi Ramji (2009), 100% Financial Inclusion in Gulbarga: Access and usage,

Centre for Micro Finance, Institute for Financial Management and Research,

Chennai.

Modigliani Franco (1963),The Life Cycle Hypothesis of Saving, the Demand for Wealth

and Supply of Capital, New School of Social Research, Pro Quest Information

and Learning, New York, pp161-215

Moore, Danna (2003), Survey of Financial Literacy in Washington State: Knowledge,

Behavior, Attitudes, and Experiences, Social and Economic Sciences Research

Center, Technical Report 03-39, Washington State University. pp24- 25.

Morris Altman (2011), Behavioural Economics Perspectives: Implications for Policy

and Financial Literacy, The Task Force on Financial literacy, Canada.

Moulick Malharantika (2008), Understanding and responding to savings behaviour of

poor people in the North East India ,Micro Report -103 United States Agency

for International Development.

398

Nandan, Nilekani, (2010) financial inclusion - have we reached the tipping point?

Bank Quest, The Journal of Indian Institute of Banking & Finance, vol. 81, no.

4, pp.5-10.

NASD (2003), NASD Investor Literacy Research, Applied Research & Consulting

LLC, New York

Natalie Gallery, Cameron Newton and Chrisann Palm (2010), A Framework for

Assessing Financial Literacy and Superannuation Investment Choice Decisions,

Paper presented at 18th Annual Colloquium of Superannuation

Researchers, University of New South Wales (UNSW), Sydney, Australia, 12-13

July 2010.

National Financial Education Needs & Gaps Survey Report ( 2011), European

Financial Education Partnership (wp2), The Chartered Institute of Bankers in

Scotland.

Navin Bhatia, Arnav Chatterjee (2010, Financial Inclusion in the Slums of Mumbai,

Economic and Political Weekly, vol. 45 (42), October 16, 2010.

NCAER (1964), Attitudes Towards and Motivations for Saving, National Council of

Applied Economic Research (NCAER), New Delhi.

NCEE (2004), Survey of the States: Economic and Personal Finance Education in our

Nation’s Schools in 2004, NCEE (National Council on Economic Education,

New York.

Nirupam Mehrotra, Dr. V Puhazhendhi ,Gopakumaran Nair G and Dr. B. B. Sahoo

(2009), Financial inclusion -an Overview, Occasional Paper No 48,Department

of Economic Analysis and Research, National Bank for Agriculture and Rural

Development, p. 14.

NSSO Survey (2011), NSSO Survey 66 Round , National Sample Survey Organisation,

Govt. of India

OECD & PISA (2011), OECD- PISA Financial literacy Assessment, International

Gateway for Financial Education.

OECD (2005), Improving Financial Literacy: Analysis of Issues and Policies,

Directorate for Financial and Enterprise Affairs, OECD.

399

OECD (2005), Recommendation on Principles and Good Practices for Financial

Education and Awareness, Recommendation of the Council Directorate for

Financial and Enterprise Affairs, OECD.

Oehler, Andreas and Werner, Christina,(2008), Saving for Retirement-A Case for

Financial Education in Germany and UK? An Economic Perspective, Journal of

Consumer Policy, vol. 31, pp. 253-283.

Olga Kuzina, (2010), The Level of Financial Literacy of Russians: Before and During

the Crisis of 2008, Proceedings of the 30th CIRET Conference, New York,

October 2010.

PACFL, USA (2008), President’s Advisory Council on Financial Literacy. 2008

Annual Report to the President

Pacific Financial Inclusion Program (PFIP) UNCP & UNDP (2010), Financial

Capability, Financial Competence and Well being in Rural Fijian Households,

United Nations Development Programme, Pacific Centre, 2010.

Pallavi Seth, Patel G.N. and Krishnan, K.K. (2010), Financial Literacy and

Investment Decisions of Indian Investors, A Case of Delhi & NCR, Birla

Institute of Management Technology, Greater Noida, India

Pamela Clayton (2006) Literacy in Kerala, Report of Research undertaken November

2005-Department of Adult and continuing Education, University of Glasgow

published in November 2006.

Pinaki Chakraborty ,Lekha Chakraborty,Amar Nath H.K.,Sona Mitra (2010)Financing

Human Development in Kerala: Issues and Challenges, National Institute of

Public Finance and Policy, New Delhi.

Piprek,G.,Dlamini,P., and Coetzee, G.( 2004), FinMark Trust: Financial Literacy

Scoping Study and Strategy Project, ECIAfrica Consulting, South Africa.

Planning Commission (2007), Micro Finance and Empowerment of Scheduled Caste

Women: An Impact Study of SHGs in Uttar Pradesh and Uttaranchal, Sponsored

by Planning Commission,Government of India New Delhi ,Conducted by: BL

Centre for Development Research and Action 5/857, Vikas Nagar, Lucknow,

Pranab Mukherjee, (2010), Hon’ble Minister for Finance, Govt. of India. Speech at

RBI-OECD Workshop on Financial Literacy at Bengaluru.

400

Prema Chandra and Kunal Sen (2002), Saving, Investment and Growth in India, Oxford

University Press.

Rajat Nag (2007), Financial Education for Inclusive Development’ Key note Address

at the CITI-FT Financial Education Summit, New Delhi, India, Managing

Director ADB.

Rangarajan C. (2008), Report of the Committee on Financial Inclusion’ Government of

India constituted a “Committee on Financial Inclusion” under the Chairmanship

of Dr. C.Rangarajan. Final report to Hon'ble Union Finance Minister on 04

January, 2008

Ravi Kanbur (2007), Conceptualizing Economic Marginalisation, Key-notes for the

Living at the Margins Conference. Cape Town, March 26, 2007.

Ray Morgan Research (RMR) (2003), ANZ Survey of Adult Financial Literacy in

Australia, Ray Morgan Research, Melbourne, Australia.

RBI and OECD (2010), Delivering Financial Literacy: Challenges, Strategies

and Instruments, RBI-OECD International Workshop on Financial Literacy,

Bengaluru, March 22-23, 2010.

RBI-OECD Workshop(2010), Delivering Financial Literacy: Challenges, Approaches

and Instruments, RBI-OECD Workshop- 22-23 March 2010, Bangalore, India

Redding, C.A., Rossi J. S,VelicerW.F, and Prochaska, J. O. (2000), Health Behaviour

Models, The International Electronic Journal of Health Education, vol.3, pp.180-

193.

Reddy, Y. V. (2006) Role of Financial Education: The Indian Case, Inaugural

Address, at the International Conference on Financial Education organised by

OECD and co-hosted by Pension Fund Regulatory and Development Authority

at New Delhi on September 21, 2006.

Remund, D. L. (2010), Financial Literacy Explicated: The Case for a Clearer

Definition in an Increasingly Complex Economy,The Journal of Consumer

Affairs, vol.44, pp.276-279.

401

Reserve Bank of India (2005) Mid-term review of Annual Policy Statement 2005-06,

Statement by Dr. Y. V Reddy, Governor, Reserve Bank of India on the Mid-

term Review of Annual Policy for the year 2005-06

Reserve Bank of India (2005), Report of the Internal Group to Examine Issues

Relating to Rural Credit and Microfinance, RBI Publications, Mumbai.

Reserve Bank of India (2008) Financial Inclusion by extension of banking services –

Use of Business Facilitators/Business Correspondents.’ RBI Circular-

RBI/2008-2009/455, BC.74/22.01.009/2007-2008 dated April 24, 2008, Reserve

Bank of India, Mumbai.

Richard Disney and John Gathergood (2011), Financial literacy and indebtedness: new

evidence for U K consumers, Institute for Fiscal Studies, University of

Nottingham, London.

Robert Holzmann, (2010) Bringing Financial Literacy and Education to Low and

Middle Income Countries: The Need to Review, Adjust and Extend Current

Wisdom, Social Protection Discussion Paper No 56501, World Bank, 2010

Robinson, M. (2001), The Microfinance Revolution, Sustainable Finance for the Poor-

Lessons from Indonesia: The Emerging Industry, World Bank. Washington DC.

USA.

Rutherford, S. (2001), The Economics of Poverty: How Poor People Manage Their

Money’, Chairman, SafeSave Bangladesh,

Ruthven Orianda and Kumar S, (2002), Money Matters: Uncovering the Financial

Life of the Poor in North India, Institute for Development Policy and

Management (IDPM), University of Manchester, UK.

Sandra Braunstein and Carolyn Welch(2002) Financial Literacy: An Overview of

Practice, Research, and Policy, Federal Reserve Bulletin.pp447-457.

Sandra Huston (2010), Measuring Financial Literacy, The Journal of Consumer

Affairs, vol.44,p. 296.

Sandra Huston. (2010), Measuring Financial Literacy, The Journal of Consumer

Affairs, American Council on Consumer Affairs vol. 44(2), pp.296-310.

402

Sarah Brown, Karl Taylor and Stephen Wheatley Price (2005), Debt and distress:

Evaluating the psychological cost of credit, Journal of Economic Psychology

Savita Shankar (2011), An Analysis of the Role of Microfinance in Promoting Financial

Inclusion in India, National University of Singapore.

Schagen, S., and Lines, A. (1996), Financial Literacy in Adult Life, A Report to

Natwest Group Charitable Trust, Slough, National Foundation for Educational

Research, Register of Edcational Research in United Kingdom-11/1013, p.599.

Shachi Prakash (2012), Retail Banking Strategy: Criticality of Financial Literacy and

Credit Counselling in Indian Context, Vinimaya, National Institute of Bank

Management (NIBM), Pune, January-March 2012, vol.32.

Sharma, S. N. and Padhy, L. P.(2011), Financial Inclusion: A Strategic Mantra for

Sustainable Business Model for Banks, Vinimaya, National Institute of Bank

Management (NIBM), Pune, October-December 2011, vol. 32.

Shawn Cole and Karlini Shastry (2009), Smart Money: The effect of education,

Cognitive ability and financial literacy on financial market participation,

Harvard Business School, Working Paper09-117.

Shawn Cole and Nilesh Fernando (2008) Assessing the Importance of Financial

Literacy. Finance for the Poor, vol.9, p.1

Shawn Cole and Nilesh Fernando (2008), Assessing the Importance of Financial

Literacy in Low Income Countries, Shawn Cole, Harvard University, Boston,

Massachusetts Nilesh Fernando, Center for Microfinance, Chennai, India

Shawn Cole, Thomas Sampson, Bilal Zia (2009), Financial Literacy, Financial

Decisions and the Demand for financial services: Evidence from India and

Indonesia, Harvard Business school, Working Paper, pp 1-36, No.09-071.

Shawn Cole, Thomas Sampson, and Bilal Zia (2009), Price or Knowledge? What

drives demand for financial services in emerging markets, Working Paper, No.

09-117, Harvard Business School, USA

Smith, James P., Mc Ardle, John J. and Willis , Robert J. (2010), Financial Decision

Making and Cognition in a Family Context, The Economic Journal , vol. 120

(548), pp 363-380.

403

Sonia Marcolin and Anne Abraham (2006), Financial Literacy Research: Current

Literature and Future Opportunities, School of Accounting and Finance,

University of Wollongong Australia, 3rd International Conference on

Contemporary Business- September 2006

Srinivasa Rao, K. (2010) , Nationalisation of banks - An anchor for financial inclusion,

Bank Quest, The Journal of Indian Institute of Banking & Finance, vol. 81, no. 3,

pp.17-24

Sriram and Smita Parhi (2006),Financial Status of the rural poor: A study in Udaipur

District. Indian Institute of Management, Ahmadabad.

Stango V. and J. Zinman (2009), The Price is Not Right (Not Even on Average):

Exponential Growth Bias, Present-Biased Perceptions and Household Finance,

The Journal of Finance, vol. 64, no. 6, and pp.2807-2850.

Subbarao, D. (2010), Financial Education: Worthy and Worthwhile, Governor, Reserve

Bank of India, RBI-OECD International Workshop on Financial Literacy,

Bengaluru, 2010.

Sukhdeve, M. L. (2008), Informal savings of the poor: Prospects for financial

inclusion, CAB Calling, College of Agricultural Banking, RBI Publication, and

January- March 2008.

Sumith Agarwal, (2010), Financial Counselling, Financial Literacy, and

Household Decision Making, Pension Research Council, WP 2010-34, The

Wharton School, University of Pennsylvania, Philadelphia

Suran, B. S. and Narayana, D. (2009), The Deluge of Debt: Understanding the

financial needs of the poor households, Working Paper- 412, Centre for

Development Studies, Thiruvananthapuram., Kerala.

Suresh Chandra Bihari (2012) Financial Literacy :The Key to Inclusive Growth, Bank

Quest, The Journal of Indian Institute of Banking & Finance, vol. 83, no. 1

pp.14-25.

Suresh Chandra Bihari, (2011) Consumer awareness at the bottom of the pyramid: a

study with reference to the banking industry in India, ZENITH International

Journal of Multidisciplinary Research, vol.1 no.8,

404

Susan L. Rutledge, (2010), Consumer Protection and Financial Literacy Lessons from

Nine Country Studies, World Bank, Europe and Central Asia Region Finance and

Private Sector Department.

Susan L. Rutledge, Nagavalli Annamalai, Rodney Lester & Richard L. Symonds

(2010), Good Practices for Consumer Protection and Financial Literacy in

Europe and Central Asia: A Diagnostic Tool, The World Bank ECSPF-Finance

and Private Sector Department, Europe and Central Asia Region, Washington

DC.

Task Force on Financial Literacy (2010), Canadians and Their Money: Building a

brighter financial future, Report on Recommendations on Financial Literacy,

Prepared by Task Force on Financial Literacy, Canada.

Tatom, John (2010), Financial Wellbeing and Some Problems in Assessing its Link to

Financial Education, Working Paper No. 2010-WP-03, Networks Financial

Institute Indiana University.

The Money SENSE. (2005), Quantitative Research on financial literacy levels in

Singapore -2005. Prepared for The MoneySENSE Financial Education Steering

Committee, Singapore.

Tullio Jappelli, (2010), Economic Literacy: An International Comparison, The

Economic Journal, vol.120 (2), pp. 429-451.

UNDP –NABARD Report (2011), State level Financial Literacy Strategies- Summary

Report for 7 States’, UNDP – NABARD Financial Inclusion Project, Submitted

to UNDP March 2011, Compiled by Gopala Krishna Ayitam Management

Consultant.

United Nations (2005), Building, Inclusive Financial Sectors for Development:

Widening Access, Enhancing Growth, Alleviating Poverty, Summary Report – E

Conference on ‘Financing for Development’ from March 28 to April 13,2005,

Jointly sponsored by UNCDF, The Financingfor Development ,Office of

UNDESA and the World Bank Institute.

Usha Thorat (2007), Financial Inclusion – The Indian Experience, Deputy Governor,

Reserve Bank of India, HMT-DFID Financial Inclusion Conference 2007,

Whitehall Place, London, UK .

405

Usha Thorat (2007), Financial literacy essential for getting financial inclusion Speech

Reported in The Financial Express, April 28, 2007.

Widdowson, Doug and Hailwood, Kim. (2007), Financial literacy and its role in

promoting a sound financial system, Reserve Bank of New Zealand Bulletin,

vol.17, pp.37–47.

Williams Harold (1999), Saving is Fundamental, Black Enterprise, vol. 29, p. 30.

World Bank, (2008) Financial Literacy Survey Questionnaire, Designed by the World

Bank, and implemented in Russia in June 2008 in preparation for the Financial

Literacy Program.

World Bank/ NCAER (2003), Rural Finance Access Survey.

Worthington Andrew C. (2006), Predicting Financial Literacy in Australia, Research

Online, Faculty of Commerce, School of Accounting and Finance, University of

Wollongong,Australia.

Yunus, N. K. Y. (2010), Economic Literacy Amongst the Secondary School Teachers

in Perak Malaysia, Information Management and Business Review,vol.1,(2) pp.

69-78, International Foundation for Research and Development(IFRD).

Books

Alfred W. Stonier and Douglas C. Hague (2004) A Text Book of Economic Theory, 5th

Edition, Pearson Education (Singapore) Pte Ltd, Indian Branch, 482 FIE,

Patparganj, Delhi, India.

Anup Malhotra (2009), Personal Finance Management, Global Vision Publishing

House, New Delhi.

Arthur Keown, (2012) Turning Money into Wealth, International Edition 6th Edition,

Wharton School Publishing, Pearson Education, USA.

Basu, Priya (2006), Improving Access to Finance for India's Rural Poor. Directions in

Development, World Bank, Washington, D. C.

Benjamin Graham,( 2003), The Intelligent Investor: The Definitive Book on Value

Investing. A Book of Practical Counsel (Revised Edition) Harper Collins, UK.

406

Centre for Development Studies (2000), Poverty, Unemployment and Development

Policy: A case study of selected issues with reference to Kerala. UN, Department

of Social and Economic Affairs, New York

Collins, W. (2005) Collins Dictionary and Thesaurus (International edition). Glasgow:

HarperCollins

David Chilton (1997), The Wealthy Barber, Everyone's Commonsense Guide to

Becoming Financially Independent, Three Rivers Press, Crown Publishing

Group, USA.

Dev Ramsey (2003),The Total Money Makeover: A Proven Plan for Financial

Fitness, Thomas Nelson Publishers, USA.

Dopfer, K. (2005), The Evolutionary Foundations of Economics. Cambridge

Ela R. Bhatt (2006), We Are Poor but So Many: The Story of Self-Employed Women in

India (2006) Oxford University Press.

George Samuel Clason (1926), The Richest Man in Babylon,Penguin Books ,UK,

Reissued by Signet in 2004.

Government of Kerala (2010), Economic Review 2010, State Planning Board , Kerala

Thiruvananthapuram.

Government of Kerala (2011), Economic Review 2011, State Planning Board ,

Thiruvananthapuram.

Hersh Shefrin (2002), Beyond Greed and Fear: Understanding Behavioral Finance

and the Psychology of Investing, Oxford University Press.

Hill, Napoleon (2011) Think and Grow Rich, Tribeca Books , USA

Jeff Madura (2008) Personal Finance, Prentice Hall.

John R. Nofsinger (2007), Psychology of Investing, The Prentice Hall Series in

Finance.

Jonathan Morduch and Stuart Rutherford, (2003), Microfinance: Analytical issues for

India, Oxford University Press.

Jonni McCoy (2001) Miserly Moms: Living on One Income in a Two-Income Economy,

Bethany House; 3 edition USA.

407

Joshi, R. N. (2002), Cash Management – Perspectives, Principles and Practices, New

Age International Publishers, New Delhi, India.

Kenneth Blanchard and Sheldon Bowles,(2001) Big Bucks, Harper Collins, UK.

Kent Baker and John R.N. (2010), Behavioral Finance: Investors, Corporations, and

Markets, Wiley & Sons, New Jersey.

Kunhaman, M. (2002), Globalisation –a Subaltern Perspective, Published by K A

ManiRam for Centre for Subaltern Perspective, Thiruvananthapuram .

Lusardi Annamaria, Daniel Schneider, Peter Tufano (2011), Financially Fragile

Households:Evidence and Implications, Brookings Papers on Economic

Activity.

Mulainathan, S., and E. Shafir (2009), Savings Policy & Decision-Making in Low-

Income Households, Michael Barr and Rebecca Blank (Eds.), Insufficient

Funds: Savings, Assets, Credit and Banking Among Low-Income Households.

Russell Sage Foundation Press.

Olivia S. Mitchell, Annamaria Lusardi(2011) Financial Literacy,Implications for

Retirement Security and the Financial Marketplace, Oxford University Press.

Prahalad C. K., (2010) The Fortune at the Bottom of the Pyramid-Eradicating Poverty

Through Profits. Revised and updated 5th Anniversary Edition, Pearson

Education. Inc, Wharton School Publishing, Indian edition published by Dorling

Kindersley India Pvt. Ltd. New Delhi.

Robert T Kiyosaki (2001), Rich Dad Poor Dad, Warner Books , USA

Roth, J. D., (1988),How to Get Out of Debt, Stay Out of Debt, and Live Prosperously,

Bantom Books, USA.

Vicki Robin (1999), Your Money or Your Life Transforming Your Relationship with

Money and Achieving Financial Independence, Penguin (Non-Classics) Books,

UK

Theses

Lukose, Leena (2000), Non-formal Education and the Upliftment of the Rural Masses A

study with Special Reference to the Coastal Areas of Alapuzha Disrtict,Ph. D

Thesis, Mahatma Gandhi University, Kerala.

408

Ruby J. A. (2007), Micro Finance and Women Empowerment – A Study of

kudumbashree Project in Kerala, Ph D Thesis, Mahatma Gandhi University,

Kerala.

Websites

www.oecd.org

www.financial-education.org/

worldbank.org › Home › WBFN

www.fsa.gov.uk/

www.fsa.gov.uk/pubs/other/financial_capability_uk.pdf

www.oft.gov.uk/shared_oft/reports/oft_response_to.../oft915.pdf

www.moneymadeclear.org.uk/

uscode.house. gov/ download/pls/ 20C77.txt

eclkc.ohs.acf.hhs.gov/...Financial%20Literacy/famcom_rep_00210_...

www.treasury.gov

www.federalreserveeducation.org/

w.whitehouse.gov/.../executive- order-presidents-advisory-council...

http://www.financialliteracy.gov.au/media/218312/national-financial-literacy-

www.asic.gov.au/

www.flb.gov.au/

www.moneymanagement.com.au/

www.dolceta.eu/

http://ec.europa.eu/internal_market/finservices-

http://www.china.org.cn/culture/2009-05/09/content_17749398.htm

www.moneysense.gov.sg/

www.financialliteracyincanada.com/canadians-and-their-money.html

www.theccfl.ca/

www.sedi.org/html/programs/FinancialCapability.asp

http://www.cba.ca/en/component/content/category/79-banks-and-financial-literacy

www.financialeducatorscouncil.org/

www.prweb.com/releases/2011financial-literacy/.../prweb9035921.ht...

www.planning.go.ke

www.slideshare.net/ifad/varghese-thambi

409

n7news.appspot.com/doc/.,

web.worldbank.org › Topics › Education

www.citigroup.com/citi/press/2010/100621a.htm

www.rbi.org.in/financialeducation/home.aspx

Business › Economyhttp://www.rbi.org.in/financialeducation/home.aspx

rbi.org.in › Notifications

www.sify.com/.../sonia-gandhi-launches-swabhimaan-campaign-in-d...

rbidocs.rbi.org.in/rdocs/notification/PDFs/FLCCCIR1.pdf

www.rudsetitraining.org

www.idrbt.ac.in/PDFs/IDRBT%20Initiatives-New.pdf

http://www.educationmaster. org/news/rbi-keen-spread-financial-literacy.html

www.allahabadbank.com/samadhan-

www.cab.org.in/FILCPortal/Lists/.../1/andhrabank_initiatives.pdf

http://www.bankofbaroda.com/rur/download/SAARTHEE_New1.pdf

http://www.bankofindia.com/abhay.aspx

www.canarabank. com/Upload/ English/ Content/ FI.pd

www.denabank.com › Home › Priority & SME

https://www. obcindia.co.in/ obcnew/upload/.../OBC_CorpOffice.doc

www.psbindia.com/financial_inclusion_plan.php

slbckarnataka.in/UserFiles/slbc/FLCCs_in_Karnataka.xl

http://www.unionbankofindia.co.in/RABD_Finance_FLCC.aspx

http://www.federalbank.co.in/Personal_ProductandServices_FinancialInclusion.aspx

www.nabard.org/

http://www.nabfins.org/

www.indg.in/india

http://www.ismw.org.in/

www.sewabank.com/

http://www.ismw.org.in/ccfl.php

www.ismw.org.in/nafil.php

www.business-standard.com

www.thehindu.com/todays.../tp-national/...tamilnadu/article846397.

http://smilefoundationindia.org/literacy_programme_step.htm

http://www.SanchayanSociety.org

410

ifmr.ac.in/cmf/research.html

http://indiamicrofinance.com/india-infoline-launches-financial-literacy drive.html

http://www.kudumbashree.org/?q=financial

http://www.statebankoftravancore.com/new/SBT-AR-Eng-2011.pdf

http://www.slbckerala.com/

en.wikipedia.org/wiki/Financial_literacy

http://www.competencesoftware.net/

www.unituslabs.org/

www.moneylife.in › life › public-interest

india.microsave.org/category/tags/financial-literacy

http://www.netliteracy.org/financial-connects/

www.360financialliteracy.org

flame.org.in/aboutus.aspx

www.ismw.org.in/

www.caclubindia.com › Discussion › Career › Others

www.manndeshi.org/foundation/mobilebusinessschool