Direkt zum Inhalt

Publikationssuche

clear
0 Filter gewählt
close
Gehe zur Seite
remove add
135 Ergebnisse, ab 81
  • Referierte Aufsätze Web of Science

    The Dynamic Impact of FX Interventions on Financial Markets

    Evidence on the effectiveness of foreign exchange (FX) interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally we find, for freely floating currencies, that FX intervention shocks significantly affect exchange rates and ...

    In: The Review of Economics and Statistics 103 (2021), 5, S. 939–953 | Lukas Menkhoff, Malte Rieth, Tobias Stöhr
  • Referierte Aufsätze Web of Science

    Corruption and Cheating: Evidence from Rural Thailand

    This study tests the prediction that perceived corruption reduces ethical behavior. Integrating a standard “cheating” experiment into a broad household survey in rural Thailand, we find tentative support for this prediction: respondents who perceive corruption in state affairs are more likely to cheat and, thus, to fortify the negative consequences of corruption. Interestingly, there is a small group ...

    In: World Development 145 (2021), 105526, 15 S. | Olaf Hübler, Melanie Koch, Lukas Menkhoff, Ulrich Schmidt
  • Referierte Aufsätze Web of Science

    Coupled Lotteries - a New Method to Analyze Inequality Aversion

    We develop and implement a new measure for inequality aversion: two peers are endowed with identical binary lotteries and the only choice they make is whether they want to play out the lotteries independently or with perfect positive correlation (coupling). Coupling has the core reason to prevent outcome inequality. We implement the method in a survey in rural Thailand as well as in a supplemental ...

    In: Journal of Economic Behavior & Organization 191 (2021), S. 236–256 | Melanie Koch, Lukas Menkhoff, Ulrich Schmidt
  • Referierte Aufsätze Web of Science

    Financial Literacy: Thai Middle-Class Women Do Not Lag Behind

    This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men’s low financial literacy, nor by women’s high income and good education. Rather, country characteristics may influence ...

    In: Journal of Behavioral and Experimental Finance 31 (2021), 100537, 10 S. | Antonia Grohmann, Olaf Hübler, Roy Kouwenberg, Lukas Menkhoff
  • Referierte Aufsätze Web of Science

    Financial Education in Schools: A Meta-Analysis of Experimental Studies

    We study the literature on school financial education programs for children and youth via a quantitative meta-analysis of 37 (quasi-) experiments. We find that financial education treatments have, on average, sizeable impacts on financial knowledge (+0.33 SD), similar to educational interventions in other domains. Additionally, we document smaller effects on financial behaviors among students (+0.07 ...

    In: Economics of Education Review 78 (2020), 101930, 15 S. | Tim Kaiser, Lukas Menkhoff
  • Referierte Aufsätze Web of Science

    When Is Foreign Exchange Intervention Effective? Evidence from 33 Countries

    This paper examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some criteria. The policy works well in terms of smoothing the path of exchange rates, and in stabilizing the exchange rate in countries with narrow band regimes. ...

    In: American Economic Journal: Macroeconomics 11 (2019), 1, S. 132-156 | Marcel Fratzscher, Oliver Gloede, Lukas Menkhoff, Lucio Sarno, Tobias Stöhr
  • Referierte Aufsätze Web of Science

    Tax Evasion in New Disguise? Examining Tax Havens' International Bank Deposits

    Recent efforts to reduce international tax evasion focus on information exchange with tax havens. Using bilateral bank data for 1397 countrypairs in a balanced quarterly panel from 2003:I to 2017:IV, we first show that information-on-request treaties with tax havens reduce bank deposits in tax havens by 27.5%. Second, also deposits from tax havens in high tax countries decline after such treaties are ...

    In: Journal of Public Economics 176 (2019), S. 53-78 | Lukas Menkhoff, Jakob Miethe
  • Referierte Aufsätze Web of Science

    Politicians’ Promotion Incentives and Bank Risk Exposure in China

    This paper shows that politicians’ pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt-financed programs which are mainly financed via bank loans. The stronger the performance pressure the riskier the respective local bank exposure becomes. This ...

    In: Journal of Banking & Finance 99 (2019), S. 63-94 | Li Wang, Lukas Menkhoff, Michael Schröder, Xian Xu
  • Referierte Aufsätze Web of Science

    Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence

    While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly substitutes. However, regarding ...

    In: World Development 111 (2018), S. 84-96 | Antonia Grohmann, Theres Klühs, Lukas Menkhoff
  • Referierte Aufsätze Web of Science

    Credit Market Structure and Collateral in Rural Thailand

    This paper empirically examines reliance on collateral in different credit market segments—formal, semiformal and informal lending—of a developing rural financial market. Determinants of collateralization indicate that all three types of lenders price risk conventionally. Controlled for standard risk factors, however, formal lenders rely on collateral about 40 per cent more often than informal lenders. ...

    In: Economic Notes 46 (2017), 3, S. 587-632 | Carmen Kislat, Lukas Menkhoff, Doris Neuberger
135 Ergebnisse, ab 81
keyboard_arrow_up