Polish version
Conference background Conference programme Speakers Registration
September 28, 2006
9.00 - 9.40
Opening Session:
Why Central Banks Support Economic and Financial Education? The European and American Perspective.

Testimonies by senior, international central bankers on the importance of economic and personal finance education, from European and American perspectives.
  • Why involve central banks?
  • What economic and personal finance education goals should central banks pursue?
  • What outcomes are reasonable to expect from central bank education efforts?
Speakers: Mr. Leszek Balcerowicz, President, National Bank of Poland, Ms. Cathy Minehan, President, Federal Reserve Bank of Boston
9.40 - 10.40
Panel Discussion No. 1
The Level of Economic Awareness, Knowledge and Understanding.

Presentations by experts from different countries on the state of economic knowledge and understanding in their own countries.
  • Levels of the Economic Awareness
  • In which topics is the public generally either uneducated or lacking in fundamental understanding?
  • Which are the most common economic myths that could be corrected easily through basic education programmes?
  • How do cultural and psychological factors influence the ways economic and financial topics are taught and learned?
  • What can do be done to overcome cultural and psychological barriers to learning about economics and finance?
  • In what ways does the lack of widespread economic education result in financial distress for individuals and households, and macroeconomic issues for policy makers?
Speakers: Robert Duvall, National Council on Economic Education; William Walstad, University Nebraska-Lincoln; Tadeusz Tyszka, Leon Kozmiński Academy of Entrepreneurship and Management, Warsaw.
10.40 - 11.00
Demonstration No. 1
Economic Education Portal of the National Bank of Poland.

Presenters: Filip Wojciechowski and Andrzej Jaszczuk, NBP
11.00 - 11.30 Coffee Break
11.30 - 11.50
Demonstration No. 2
Economic Education Resource Bank - the Online Platform for Central Banks to Exchange Ideas and Share Experience.

Presenter: Mr. Michał Motyka, EERB Manager
11.50 - 13.10
Panel Discussion No. 2
Promoting Economic Education at the National Level.

Representatives of different countries discuss how to develop economic education programmes and how they could be promoted to foster improved understanding of policy issues by the public. Special emphasis will be put on how to improve the general public's understanding of how monetary policy affects their economic and financial well-being.
  • Special issues and challenges that complicate economic education
  • How can the central bank play the role of a leader in the most effective way?
  • What steps must be taken to set up appropriate collaboration with other governmental agencies?
  • What steps must be taken to carry out a national strategy?
  • How can the private sector and the public sector work together most effectively?
  • What are the major keys to the success of a national strategy? What are the principal impediments?
  • What topics should the central bank focus on in the field of economic education?
  • How to link the education about central bank policies with the broad economic education of the society?
Speakers: Dariusz Filar, Monetary Policy Council, National Bank of Poland; Robert Duvall, National Council on Economic Education; Joseph Ganley, Bank of England; Jae-Jin Park, Economic Education Center, Bank of Korea.
13.10 - 14.40 Lunch
14.40 - 15.10
Demonstration No. 3
Economic and Financial Education at Schools - Results of Public-Private Partnership.

Presenters: Mr. Zbigniew Modrzewski, Junior Achievement Foundation Poland, Mr. Dariusz Danilewicz, NBP
15.10 - 15.30
Demonstration No. 4
Taking Ownership of the Future - The US National Strategy for Financial Literacy.

Presenter: Dan Iannicola, US Department of Treasury
15.30 - 16.45
Panel Discussion No. 3
The Need for Financial Education.

Representatives from different institutions discuss the process of developing personal finance education strategies and programmes at the national level.
  • The reason why financial education is becoming a major issue in many countries,
  • Special issues and challenges in promoting financial education,
  • How can the central bank play the role of a leader in the most effective way?
  • What steps must be taken to to set up appropriate collaboration with other governmental agencies?
  • International collaborations: What works and what does not?
  • What steps must be taken to carry out a national strategy?
  • How can the private sector and the public sector work together most effectively?
  • What are the major keys to the success of a national strategy? What are the principal impediments?
Speakers: Mr. Greg Valentine, National Business Educators Association (USA); Ms. Barbara Smith, Financial Affairs Division, OECD; Mr. John J. Ferrandino, National Academy Foundation (USA); Włodzimierz Grudziński, Junior Achievement Foundation Poland
16.45 - 17.15 Coffee Break
17.15 - 17.40
Demonstration No. 5
Learning About the Central Bank - Monetary Policy Simulation Game. Presenters: Mr. Tomasz Chmielewski, Mr. Adam Kot, NBP
17.40 - 18.00
Demonstration No. 6
Economic and financial education activities of the Reserve Bank of India.

Presenter: Ms. Alpana Killawala, Reserve Bank of India
18.00 - 18.20
Demonstration No. 7
Financial Education of Consumers.

Presenter: Mr. Bruno Levesque, Financial Consumer Agency of Canada

September 29, 2006
9.00 - 10.30
Panel Discussion No. 4
Implementing Economic and Financial Literacy Programmes at the National or Local levels.

A discussion on how a central bank can conduct a public information campaign nationally to populations of diverse backgrounds, education, ages, incomes and levels of wealth
  • What are realistic goals?
  • Building public acceptance and awareness for central bank efforts
  • What are the basic elements of the support infrastructure needed to develop, expand and sustain central bank education programmes
  • How can funding be assured?
  • Staffing: economists and financial experts or educators?
  • Intra-central bank collaboration; external collaborations
  • Developing local capacity to implement central bank programmes
  • Sustaining local involvement while innovating and expanding
  • Evaluation of the impact of central bank efforts (developing meaningful metrics)
Speakers: Mr. Steven Malin, Federal Reserve Bank of New York; Mr. Federico Rubli Kaiser, Banco de Mexico; Ms. Heike Winter, Bundesbank; Mr. Marcin Polak, National Bank of Poland
10.30 - 10.50
Demonstration No. 8
Open Days of Central Bank - An Opportunity to Educate General Public.

Presenter: Ms. Małgorzata Kloc-Konkołowicz, NBP
10.50 - 11.10
Demonstration No. 9
Price Stability - why is it important for you? The European Central Bank`s Education Tool.

Presenter: Ms. Elisabeth Ardaillon-Poirier, ECB
11.10 - 11.40 Coffee Break
11.40 - 13.00
Panel Discussion No. 5
National Economic and Financial Education Programmes That Work - Experiences from Different Countries.
  • Discussion of specific, exemplary programmes from three countries that promote economic or financial education
  • Discussion of objectives and goals, and what makes the programme, product or competition successful
  • Required delivery and support infrastructure
  • Distribution methods
  • Use of print and electronic media for production and distribution
  • Evaluation metrics for the specific programme, product or competition
Speakers: Ms. Edyta Rojcewicz, NBP ("Gold for the Bold" TV Show - National Test of Economic Knowledge); Mr. Steven Malin, FRB New York (The Fed Challenge Competition); Mr. Janis Motivans, Bank of Latvia ("Money World" Visitors Centre)
13.00 - 13.20
Demonstration No. 10
Bundesbank Money Museum - A Success Story of How to Educate Public Opinion About the Central Bank and Money Issues.

Presenter: Ms. Heike Winter, Bundesbank
13.20 - 13.40
Demonstration No. 11
MIDE: Museo Interactivo de Economia - New Economic Education Initiative of the Bank of Mexico.

Presenters: Mr. Federico Rubli Kaiser, Banco de Mexico & Ms. Silvia Singer Sochet, Espacio Cultural y Educativo Betlemitas
13.40 - 14.10
Concluding Remarks:
Economic Education - an Important Factor in the Implementation of the Monetary Policy.

The main challenges for the economic education of societies in the 21st Century.
  • European and International environment: globalisation, economic development and Lisbon Strategy vs. the need for economic education
  • Implementation of monetary policy vs. the level of knowledge of the general public
  • Development of financial markets vs. knowledge on personal finances
  • Challenges ahead - the role and tasks of central banks in economic and financial education.
Mr. Jürgen Stark, Member of the Executive Board and Governing Council of the European Central Bank
14.10 - 15.40 Lunch
15.40 - 17.30 Informal Meetings and Talks on the Economic and Financial Education.

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