Seite 11 von 27 Deutsche Bundesbank, Directorate General Communications Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany, Tel: +49 (0)69 9566 3511 or 3512, Fax: +49 (0)69 9566 3077 presse@bundesbank.de, www.bundesbank.de Reproduction permitted only if source is stated. To sum up, buying and financing a house is one of the most important financial decisions taken by many households.
Promoting financial literacy with respect to housing finance can thus contribute to improved decision making. This contributes to financial stability by reducing the probability of financial crisis linked to high indebtedness of households. Yet, improved financial knowledge alone does not address the issue of negative externalities.