Knowledge and Opinions About Banking Supervision: Evidence from a Survey of Dutch Households

41 Pages Posted: 27 Oct 2011

See all articles by Carin van der Cruijsen

Carin van der Cruijsen

De Nederlandsche Bank

Jakob de Haan

University of Groningen - Faculty of Economics and Business; De Nederlandsche Bank; CESifo (Center for Economic Studies and Ifo Institute)

David-Jan Jansen

De Nederlandsche Bank

Robert H. J. Mosch

Vrije Universiteit Amsterdam; De Nederlandsche Bank

Date Written: December 1, 2010

Abstract

What does the general public know about banking supervision? What objectives does the public think bank supervisors should pursue? We investigate these issues using a survey among Dutch households. First, we find that the public’s knowledge about banking supervision is far from perfect. We also find that respondents often expect more from supervisors than they can realistically achieve. Finally, our findings suggest that better - informed people have more realistic views on banking supervision. Realistic views on banking supervision lead to more prudent financial behaviour, which, in turn, contributes to financial stability. Therefore, the communication policies of banking supervisors should aim to improve the public’s knowledge about banking supervision.

Keywords: banking supervision, knowledge, communication, financial literacy, household decisionmaking

JEL Classification: D12, D84, E58, G21

Suggested Citation

van der Cruijsen, Carin and de Haan, Jakob and Jansen, David-Jan and Mosch, Robert H. J., Knowledge and Opinions About Banking Supervision: Evidence from a Survey of Dutch Households (December 1, 2010). De Nederlandsche Bank Working Paper No. 275. Available at SSRN: https://ssrn.com/abstract=1950176 or http://dx.doi.org/10.2139/ssrn.1950176

Carin van der Cruijsen (Contact Author)

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

HOME PAGE: http://www.dnb.nl/en/onderzoek-2/onderzoekers/overzicht-persoonlijke-paginas/index.jsp

Jakob de Haan

University of Groningen - Faculty of Economics and Business ( email )

PO Box 800
Groningen, 9700 AV
Netherlands
+31 0 50 3633706 (Fax)

De Nederlandsche Bank ( email )

P.O. Box 98
Amsterdam, 1000 AB
Netherlands

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

David-Jan Jansen

De Nederlandsche Bank ( email )

P.O. Box 98
1000 AB Amsterdam
Netherlands

HOME PAGE: http://sites.google.com/site/djansenresearch

Robert H. J. Mosch

Vrije Universiteit Amsterdam ( email )

Spui 21
Amsterdam, 1018 WB
Netherlands

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

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