Financial Literacy Research Paper Topics

Financial Literacy Research Paper TopicsFinancial literacy research is required to analyze the level of financial literacy in the world. The goal of financial literacy research is to uncover existing or emerging gaps in the techniques, procedures and systems used for financial decision making and their impact on global financial services decision makers. Financial research may be conducted by students, self-advisers, and professional service providers to understand, predict and improve performance.There are several major obstacles and challenges faced by financial decision makers who are in charge of huge financial services or global financial institutions. While addressing these challenges requires concrete actions and a clear direction for change, it also requires a better understanding of current financial conditions and decision makers' approaches to deal with them.The objectives of financial literacy research must include looking at how these decision makers deal with the proble m of risk in financial service providers. It should also involve reviewing strategies and tools for financial decision makers to analyze financial institutions' risk posture and develop a cost-effective approach for reducing the risk level.The author of a paper should look at three aspects in financial literacy research, namely, financial risk management and financial service issues, financial institutions and globalization. There should be an assessment of how a country's financial institutions fare financially during tough economic times, including whether they are able to sustain themselves over the long term. A review of how financial institutions meet the needs of their customers, in terms of expenses, productivity and performance, as well as how they reduce costs and expenses when necessary, can be an important part of the information gathered by financial literacy research.The paper topic should begin with an overview of what a country's financial institutions look like; and some additional information that may not have been included in the research paper. Two good examples are the country's banking system and its economy and the country's relation to the rest of the world.Financial institutions are most likely to make use of systems for risk management that are modeled after the World Economic Forum's model, International Financial Reporting Standards. Research papers that examine how well financial institutions fulfill their reporting requirements and the impact of new regulations should be included in the discussion.One area of concern with respect to financial institutions is the spread of so-called black money that is created out of thin air. Research should consider how tax evaders and tax shelters create a problem for financial institutions.The implications of financial institutions' non-compliance with international standards should be considered. The whole point of financial literacy research is to identify gaps in knowledge and use this knowle dge for better decisions on financial services, and be aware of them before they become huge problems for financial institutions and their stakeholders.