Nevertheless, current account surpluses were also caused by exchange rate policies that some countries pursued to artificially support their export sectors. Given the malign nature of these persistent differences in current account positions the term global imbalances is indeed justified, and it is necessary to address them. However, when designing relevant measures, it is imperative not to underestimate the complexity of the problem.
Above all, the OECD has been taking a pro-active initiative in generating awareness about financial education. It has recently released a major international study on financial education titled 'Improving Financial Literacy' encompassing practical guidelines on good practices in financial education and awareness.