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{{COI|date=August 2014}}
{{Infobox institute
{{Infobox institute
|name = Global Financial Literacy Excellence Center (GFLEC)
|name = Global Financial Literacy Excellence Center (GFLEC)
|image = [[Image:BRUEGEL-logo.PNG|150px|Bruegel]]
|image = [[Image:annamaria_lusardi_standing.PNG|150px|GFLEC]]
|image_name =
|image_name =
|image_size =
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|owner =
|owner =
|non-profit_slogan =
|non-profit_slogan =
|former_name =
|former_name = Global Center for Financial Literacy
|location = [[George Washington University School of Business]]
|location = [[George Washington University School of Business]]
|city =
|city = [[Washington DC]]
|state =
|state =
|province =
|province =
|country =
|country = [[United States of America]]
|coor =
|coor =
|address =
|address =
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}}
}}
The '''Global Financial Literacy Excellence Center''' is a [[research center]] specializing in matters of [[financial literacy]] and financial education. Formerly known as the Global Center for Financial Literacy, it was founded in 2011 at the [[George Washington University]] [[George Washington School of Business|School of Business]] by Dr. [[Annamaria Lusardi]].<ref>{{cite web|title=About GFLEC|url=http://www.gflec.org/#!about/csgz|accessdate=19 August 2014}}</ref>
The '''Global Financial Literacy Excellence Center''' is a [[non-profit]] [[research center]] specializing in matters of [[financial literacy]] and financial education. It was founded in 2011 at the [[George Washington University]] [[George Washington School of Business|School of Business]] by Dr. [[Annamaria Lusardi]].<ref name=about>{{cite web|title=About GFLEC|url=http://www.gflec.org/#!about/csgz|publisher=GFLEC|accessdate=20 August 2014}}</ref><ref name=gwsb>{{cite web|title=GFLEC on GWSB website|url=http://business.gwu.edu/about-us/research/global-financial-literacy-excellence-center-gflec/|publisher=George Washington School of Business|accessdate=20 August 2014}}</ref>


==History==
==Mission==
GFLEC seeks to inform policy as well as develop and promote financial literacy programs around the world. GFLEC focuses on research with particular emphasis on financial education in schools, in the workplace, and in the community, as well as being engaged in research that looks at financial literacy among women, minorities, and the young. GFLEC seeks to make research findings more accessible to policymakers and practitioners in order to help shape the national and international dialogue around financial literacy.<ref name=about/>
Bruegel's original concept stemmed from private discussions involving policy-makers, business leaders and other individuals from several European countries in late 2002. The project was endorsed and officially floated by French President [[Jacques Chirac]] and German Chancellor [[Gerhard Schröder]] at the 40th anniversary of the [[Elysée Treaty]] in January 2003. Former European Commissioner [[Mario Monti]] and economists [[Jean Pisani-Ferry]] and [[Nicolas Véron]] were instrumental in Bruegel's creation. Bruegel was legally formed in August 2004 and started operations in early 2005.<ref>{{cite web|work=Euractiv|url=http://www.euractiv.com/pa/bruegel-newest-addition-think-tank-landscape-brussels/article-134327|title=Bruegel: newest addition to think tank landscape in Brussels|date=19 January 2005}}</ref>


==History==
The board was successively chaired by [[Mario Monti]], who remains Bruegel's honorary president (2005–08); [[Leszek Balcerowicz]] (2008-12); and [[Jean Claude Trichet]] (since April 2012).<ref>{{cite web|author= Ian Wishart |url=http://www.europeanvoice.com/article/2012/march/trichet-named-head-of-think-tank/74087.aspx |title=Trichet named head of think-tank|work=European Voice|date=4 April 2012}}</ref> [[Jean Pisani-Ferry]] was director from January 2005 to April 2013.
In 2011, Dr. Annamaria Lusardi came to the George Washington School of Business and founded the Center, then under the name of the Global Center of Financial Literacy. Later in the year, GFLEC collaborated with the [[Federal Reserve Board]] to launch the Financial LIteracy Seminar Series.<ref>{{cite web|title=Financial Literacy Seminar Series|url=http://cfed.org/blog/inclusiveeconomy/financial_literacy_seminar_series/|publisher=CFED|accessdate=20 August 2014}}</ref> This series regularly features the latest research and publications related to financial literacy and financial education.<ref>{{cite web|title=Financial Literacy Seminar Series Spring 2014|url=http://www.gflec.org/#!initiatives---flss/c6i2|publisher=GFLEC|accessdate=20 August 2014}}</ref>


In 2013, GFLEC helped to establish the International Federation of Finance Museums, a group of finance museums worldwide that works to promote collaboration among such museums.<ref>{{cite web|title=Finance Museums Throughout the World Unite To Promote Financial Literacy Globally|url=http://www.moaf.org/news/press_releases/000060|publisher=Museum of American Finance|accessdate=20 August 2014}}</ref> GFLEC also partnered with [[OECD]]/INFE<ref>{{cite web|title=OECD/INFE Webpage|url=http://www.oecd.org/daf/fin/financial-education/|publisher=OECD|accessdate=20 August 2014}}</ref> to organize the Global Policy Research Symposium to Advance Financial Literacy, a symposium that was attended by many professionals in both the academic and private sides of finance.<ref>{{cite web|title=Global Policy Research Symposium to Advance Financial Literacy|url=http://www.oecd.org/finance/financial-education/oecd-infe-gflecsymposiumfinancialliteracy.htm|publisher=OECD|accessdate=20 August 2014}}</ref>
Bruegel moved to its current premises, on Rue de la Charité / Liefdadigheidsstraat 33 in central [[Brussels]], in April 2005.


In 2014, GFLEC and GWU hosted the U.S. release of the 2012 [[PISA]] data,<ref>{{cite web|title=How American Teens Stack Up Internationally on Financial Literacy, Based on First-Ever Ranking, July 9|url=http://mediarelations.gwu.edu/how-american-teens-stack-internationally-financial-literacy-based-first-ever-ranking-july-9|publisher=GWU|accessdate=20 August 2014}}</ref><ref name="pisa program">{{cite web|title=U.S. Release of PISA Financial Literacy Data | July 9, 2014|url=http://www.gflec.org/#!pisa/c23z5|publisher=GFLEC|accessdate=20 August 2014}}</ref> which for the first time in the history of the survey contained questions designed to assess the financial literacy of the respondents.<ref name=pisa>{{cite web|title=PISA 2012 Results|url=http://www.oecd.org/pisa/keyfindings/pisa-2012-results.htm|publisher=OECD|accessdate=20 August 2014}}</ref> In addition to hosting the U.S. release, GFLEC and Dr. Lusardi helped create the questions assessing financial literacy on the PISA survey.<ref>{{cite web|title=PISA 2012 FINANCIAL LITERACY ASSESSMENT FRAMEWORK|url=http://www.oecd.org/pisa/pisaproducts/46962580.pdf|publisher=OECD|accessdate=20 August 2014}}</ref>
Bruegel explains its name as a tribute to [[Pieter Bruegel]], the 16th-century painter whose work epitomizes unvarnished and innovative depictions of life in Europe. It can also be read as a reference to a "Brussels European and Global Economic Laboratory", even though Bruegel does not consider its name to be an [[acronym]].


==References==
==References==

Latest revision as of 17:57, 20 August 2014

Global Financial Literacy Excellence Center (GFLEC)
GFLEC
FounderAnnamaria Lusardi
Established2011
FocusFinancial literacy and financial education
Academic DirectorAnnamaria Lusardi
Staff8
Formerly calledGlobal Center for Financial Literacy
Location
George Washington University School of Business
,
Washington DC
,
United States of America
Websitewww.gflec.org

The Global Financial Literacy Excellence Center is a non-profit research center specializing in matters of financial literacy and financial education. It was founded in 2011 at the George Washington University School of Business by Dr. Annamaria Lusardi.[1][2]

Mission

[edit]

GFLEC seeks to inform policy as well as develop and promote financial literacy programs around the world. GFLEC focuses on research with particular emphasis on financial education in schools, in the workplace, and in the community, as well as being engaged in research that looks at financial literacy among women, minorities, and the young. GFLEC seeks to make research findings more accessible to policymakers and practitioners in order to help shape the national and international dialogue around financial literacy.[1]

History

[edit]

In 2011, Dr. Annamaria Lusardi came to the George Washington School of Business and founded the Center, then under the name of the Global Center of Financial Literacy. Later in the year, GFLEC collaborated with the Federal Reserve Board to launch the Financial LIteracy Seminar Series.[3] This series regularly features the latest research and publications related to financial literacy and financial education.[4]

In 2013, GFLEC helped to establish the International Federation of Finance Museums, a group of finance museums worldwide that works to promote collaboration among such museums.[5] GFLEC also partnered with OECD/INFE[6] to organize the Global Policy Research Symposium to Advance Financial Literacy, a symposium that was attended by many professionals in both the academic and private sides of finance.[7]

In 2014, GFLEC and GWU hosted the U.S. release of the 2012 PISA data,[8][9] which for the first time in the history of the survey contained questions designed to assess the financial literacy of the respondents.[10] In addition to hosting the U.S. release, GFLEC and Dr. Lusardi helped create the questions assessing financial literacy on the PISA survey.[11]

References

[edit]
  1. ^ a b "About GFLEC". GFLEC. Retrieved 20 August 2014.
  2. ^ "GFLEC on GWSB website". George Washington School of Business. Retrieved 20 August 2014.
  3. ^ "Financial Literacy Seminar Series". CFED. Retrieved 20 August 2014.
  4. ^ "Financial Literacy Seminar Series Spring 2014". GFLEC. Retrieved 20 August 2014.
  5. ^ "Finance Museums Throughout the World Unite To Promote Financial Literacy Globally". Museum of American Finance. Retrieved 20 August 2014.
  6. ^ "OECD/INFE Webpage". OECD. Retrieved 20 August 2014.
  7. ^ "Global Policy Research Symposium to Advance Financial Literacy". OECD. Retrieved 20 August 2014.
  8. ^ "How American Teens Stack Up Internationally on Financial Literacy, Based on First-Ever Ranking, July 9". GWU. Retrieved 20 August 2014.
  9. ^ "U.S. Release of PISA Financial Literacy Data". GFLEC. Retrieved 20 August 2014. {{cite web}}: Text "July 9, 2014" ignored (help)
  10. ^ "PISA 2012 Results". OECD. Retrieved 20 August 2014.
  11. ^ "PISA 2012 FINANCIAL LITERACY ASSESSMENT FRAMEWORK" (PDF). OECD. Retrieved 20 August 2014.


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