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DIW Wochenbericht 18 / 2017
Intervenieren Zentralbanken häufig auf Devisenmärkten, um Wechselkurse zu beeinflussen? Falls ja, ist das effektiv? Aus deutscher Perspektive mögen diese Fragen überraschen: Die Europäische Zentralbank interveniert praktisch nicht auf Devisenmärkten, sondern lässt die Wechselkurse frei schwanken. In Schwellenländern dagegen setzen Notenbanken dieses Instrument fast jeden dritten Tag ein, wie aus der ...
2017| Lukas Menkhoff, Tobias Stöhr
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DIW Wochenbericht 42 / 2016
In vielen Ländern der Welt, Deutschland eingeschlossen, sind Finanzberater (hier Personen, die Privatanleger bei Finanzanlagen beraten) heutzutage gesetzlich verpflichtet, die Risikoeinstellung ihrer Kunden zu erfassen, um ihnen dabei zu helfen, die passendste Anlageentscheidung zu treffen. Die meisten Institutionen, die eine Finanzberatung anbieten (beispielsweise Banken), verwenden für diese Erfassung ...
2016| Lukas Menkhoff, Sahra Sakha
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DIW Wochenbericht 28 / 2015
Warum treffen manche Leute bessere finanzielle Entscheidungen als andere? Eine wichtige Rolle spielt dabei das Niveau der Finanzbildung. Eine gute Schulbildung, die sich auch mit wirtschaftlichen Fragestellungen auseinandersetzt, führt ebenfalls zu besseren Finanzentscheidungen. Viele Studien vernachlässigen allerdings, wie die Erziehung durch die Eltern das Finanzverhalten beeinflusst. Dieser Bericht ...
2015| Antonia Grohmann, Lukas Menkhoff
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DIW Weekly Report 26/27 / 2023
Over the past 20 years, China has granted a conspicuous amount of loans to African countries. New loan data show that compared to Western multilateral loans, Chinese loans have relatively high interest rates and shorter maturities, tend to be highly collateralized, and are volatile over time. Thus, Western loans are generally more likely to be in the economic interest of the borrowing country. Furthermore, ...
2023| Lorenz Meister, Lukas Menkhoff, Annika Westen
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DIW Weekly Report 12/13 / 2023
In 2020, there were simultaneous increases in the number of private persons participating on the stock market as well as in the number of employees working from home. Indeed, working from home is a robust determinant of stock ownership and partially explains the increase in 2020, with households without children benefiting the most in this manner. Furthermore, the effect of working from home on stock ...
2023| Lorenz Meister, Lukas Menkhoff
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DIW Weekly Report 49/50 / 2022
Over 90 percent of Germany’s raw materials supply is imported and many of these imports come from only a small handful of producer countries. Often, these producer countries tend to be less democratic. In this respect, supply risks are extremely high in some cases, including for mineral raw materials such as rare-earth elements, lithium, and magnesium. To increase raw material import security of supply, ...
2022| Lukas Menkhoff, Marius Zeevaert
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DIW Weekly Report 37 / 2022
The consumer debt of households in Germany totals in the triple-digit billions and is characterized by a wide range of interest rates. Despite the high volume of debt, many people do not know the terms of their consumer credit contracts. This report analyzes new survey data on general knowledge about typical forms of consumer credit, such as the overdraft facility and consumer loans. Women tend to ...
2022| Antonia Gipp, Jana Hamdan, Lukas Menkhoff
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DIW Weekly Report 38 / 2021
The OECD recommends its member countries implement national strategies for financial education. Many other countries, such as China and India, also have such strategies, whereas Germany does not. The strongest reason for rejecting such a strategy is the supposition that financial education interventions are ineffective. Using all available randomized experimental studies, this study investigates and ...
2021| Tim Kaiser, Lukas Menkhoff
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DIW Weekly Report 31 / 2021
With its America First strategy, the former US administration turned away from an internationally oriented trade policy. It attempted to assert its interests, especially vis-à-vis China, with bilateral and mostly restrictive measures such as import tariffs. This Weekly Report shows that the costs of such a strategy are immense, at least in the medium-term analysis conducted: Almost all US industries ...
2021| Lukas Boer, Lukas Menkhoff, Malte Rieth
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DIW Weekly Report 21/22 / 2020
Mobile money is an innovation that allows financial transactions to be performed via a cell phone. Even in poor regions of Africa, almost everyone has a cell phone; therefore, mobile money could both contribute to the continent’s economic growth and ensure that no Africans are excluded from access to financial services. However, DIW Berlin data from Uganda show that mobile money is actually used less ...
2020| Katharina Lehmann-Uschner, Lukas Menkhoff