Author First name, Last name, Institution

Costas Siriopoulos, Zayed University

ORCID Identifiers

0000-0003-1368-7182

Document Type

Article

Source of Publication

The International Journal of Business and Management Research

Publication Date

3-5-2021

Abstract

This paper advances the view that the deep confidence of market regulators in the assumptions and premises of the Efficient Market Hypothesis (EMH) has led to the underestimation of market risks, thus inactivating the market education of existing and future investors. Hence, they have not responded to financial illiteracy, which exacerbated the recent financial crisis. Investor education may be considered as a systemic risk management tool for future financial crises and, especially, financial literacy can drive a wedge between the regulation and the prevention of severe financial crises based on expected benefits versus losses. This also will help to regain investors’ trust in the market after the crisis and instill investors with more confidence. This approach has not yet received the attention it deserves.

Publisher

FOREX Publication

Volume

9

Issue

1

First Page

65

Last Page

73

Disciplines

Business

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Open Access Type

Hybrid: This publication is openly available in a subscription-based journal/series

Included in

Business Commons

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