Economic education – the role of central banks

Application deadline

7 May 2021

Objective

In the past few years, particularly in the wake of the financial crisis, many educational initiatives have been launched across the globe to strengthen the general public’s financial competence and knowledge of economics. Government bodies, central banks, membership organisations (e.g. consumer protection organisations) and other institutions have made considerable efforts to enhance the public’s understanding of macroeconomics and make them more aware of money and financial issues.

Central banks around the world have devoted significant resources to fostering economic education. For example, the Deutsche Bundesbank’s range of educational services available to the public is designed to impart basic knowledge in the areas of money, currency and central banking as part of its general economic activities. The aim behind this is to give both young people and the wider general public an opportunity to understand and appreciate the importance of a stable currency and the Bundesbank’s long-term commitment to stability.

This expert panel is geared towards sharing experience and providing a forum for central bankers from around the world to present their strategies in the area of economic education.

Content

  • Economic education: concepts, goals and target groups
  • Why do central banks support economic education?
  • Economic educational activities offered by the Bundesbank
  • Economic education programmes that work – experience from different providers

PLEASE NOTE: A more specific overview of the schedule (exact dates and times) will be published at least four weeks before the application deadline.

Target group

The expert panel is aimed at central bankers as well as regulators and supervisors with expertise in the area of economic education. Candidates should be well versed in their own institution’s approach to economic education, and will be expected to make an active contribution to discussions. Participants will be invited to give a presentation relating to their field of expertise/their jurisdiction’s experience in this area.

In this context, it would also be aid discussion if participants could address whether or not a central bank should focus its efforts on promoting financial literacy and, if so, on what legal basis.

Technical requirements

Computer with microphone, camera, speakers or headphones; an up-to-date internet browser.