Thema Finanzmärkte

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123 Ergebnisse, ab 91
Vierteljahrshefte zur Wirtschaftsforschung 4 / 2017

Gute Finanzbildung braucht randomisierte Experimente

2017| Lukas Menkhoff
Monographien

Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?

In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: Financial education is less effective for low-income clients as well as in low and lower-middle ...

Munich, Germany: Collaborative Research Center Transregio 190, 2017, 89 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 37)
| Tim Kaiser, Lukas Menkhoff
Monographien

Does Financial Education Impact Financial Literacy and Financial Behavior, and if So, When?

In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: Financial education is less effective for lowincome clients as well as in low and lower-middle ...

Washington: World Bank Group, 2017, 75 S.
(Policy Research Working Paper ; 8161)
| Tim Kaiser, Lukas Menkhoff
DIW Economic Bulletin 41 / 2017

Financial Literacy Promotes Financial Inclusion in Both Poor and Rich Countries

For social and economic reasons, national economies benefit from the inclusion of as many people as possible in financial services. In a cross country study, the present study shows that financial literacy for the general population promotes financial inclusion. This relationship goes beyond the effect of higher economic or financial development. And the effect of higher levels of financial literacy ...

2017| Antonia Grohmann, Lukas Menkhoff
DIW Wochenbericht 41 / 2017

Finanzbildung fördert finanzielle Inklusion in armen und reichen Ländern

Moderne Gesellschaften profitieren aus sozialen und ökonomischen Gründen von der Teilhabe möglichst aller Menschen an finanziellen Dienstleistungen, das heißt von finanzieller Inklusion. Diese Studie zeigt in einem Ländervergleich, dass durch finanzielle Bildung der Bevölkerung die finanzielle Inklusion in einem Land gefördert wird. Dieser Zusammenhang geht über den Effekt von hoher ökonomischer oder ...

2017| Antonia Grohmann, Lukas Menkhoff
Externe referierte Aufsätze

Currency Value

We assess the properties of currency value strategies based on real exchange rates. We find that real exchange rates have predictive power for the cross-section of currency excess returns. However, adjusting real exchange rates for key country-specific fundamentals (productivity, the quality of export goods, net foreign assets, and output gaps) better isolates information related to the currency risk ...

In: The Review of Financial Studies 30 (2017), 2, S. 416-441 | Lukas Menkhoff, Lucio Sarno, Maik Schmeling, Andreas Schrimpf
Vierteljahrshefte zur Wirtschaftsforschung 3 / 2017

Finanzkompetenz für alle Lebenslagen: finanzielle Bildung – wird die Jugend für die Zukunft gewappnet? Editorial

2017| Antonia Grohmann, Kornelia Hagen
Externe referierte Aufsätze

Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?

In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: financial education is less effective for low-income clients as well as in low- and lower-middle–income ...

In: The World Bank Economic Review 31 (2017), 3, S. 611-630 | Tim Kaiser, Lukas Menkhoff
Externe referierte Aufsätze

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
DIW Wochenbericht 26 / 2017

Schlechte Evaluierung rentiert sich kaum: Lehren aus dem Bereich der finanziellen Bildung

Die Verbesserung finanzieller Bildung ist inzwischen weltweit ein etabliertes Ziel der Wirtschaftspolitik, das über vielfältige Initiativen erreicht werden soll. Es verfügen aber nur wenige Wirkungsevaluierungen über den wissenschaftlich wünschenswerten Stand, um die Leistungen dieser Initiativen sicher bewerten zu können. Dieser Bericht erläutert die verschiedenen praktizierten Formen der Evaluierung ...

2017| Tim Kaiser, Lukas Menkhoff
123 Ergebnisse, ab 91
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