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115 Ergebnisse, ab 61
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Financial Education Affects Financial Knowledge and Downstream Behaviors

We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. Many of these experiments are published in top economics and finance journals. The evidence shows that financial education programs have, on average, positive causal treatment effects on financial knowledge ...

In: Journal of Financial Economics (2022), im Ersch. [online first: 2021-10-03] | Tim Kaiser, Annamaria Lusardi, Lukas Menkhoff, Carly Urband
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The Effect of Personalized Feedback on Small Enterprises’ Finances in Uganda

In: Economic Development and Cultural Change (2021), im Ersch. | Lukas Menkhoff, Antonia Grohmann, Helke Seitz
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The Effectiveness of FX Interventions: A Meta-Analysis

There is ample empirical literature centering on the effectiveness of foreign exchange intervention (FXI). Given the mix of objectives and country-heterogeneity, the general lack of consensus thus far is no surprise. We shed light on this debate by conducting the first comprehensive meta-analysis in the FXI literature, with 279 reported effects that stem from 74 distinct empirical studies. We cover ...

In: Journal of Financial Stability (2022), im Ersch. [online first: 2020-10-07] | Lucía Arango-Lozano, Lukas Menkhoff, Daniela Rodríguez-Novoa, Mauricio Villamizar-Villegas
Externe referierte Aufsätze

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
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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
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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
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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
Externe referierte Aufsätze

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
Externe referierte Aufsätze

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
Externe referierte Aufsätze

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
115 Ergebnisse, ab 61