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114 Ergebnisse, ab 91
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Internationales Währungssystem: US-Dollar, Globalwährung oder ein "chinesisches System"?

In: Wirtschaftsdienst; 98, 10 98 (2018), 10, S. 701-704 | Lukas Menkhoff
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Wie soll die EZB aus ihrer unkonventionellen Geldpolitik aussteigen?

Die gute konjunkturelle Lage im Euroraum müsste die Europäische Zentralbank (EZB) dazu veranlassen, baldmöglichst aus ihrer unkonventionellen Geldpolitik auszusteigen. Es stellt sich allerdings dabei die technische Frage, in welcher Reihenfolge der Ausstiegsprozess vonstatten gehen soll: Ist es besser mit einer Zinserhöhung zu beginnen oder sollte die EZB zunächst weniger Anleihen kaufen? Beide Vorgehensweisen ...

In: Wirtschaftsdienst 97 (2017), 8. S. 571-576 | Horst Gischer, Bernhard Herz, Lukas Menkhoff
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Droht der nächste Abwertungswettlauf?

In: Wirtschaftsdienst 95 (2015), 9, S. 578-579 | Lukas Menkhoff
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Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence: Policy Research Contribution #2

In: OECD-GFLEC Global Policy Research Symposium to Advance Financial Literacy <5, 2018, Paris> , Effective Financial Education for Sustainable and Inclusive Growth
Paris: OECD
S. 17-18
Symposium Proceedings
| Antonia Grohmann, Theres Klühs, Lukas Menkhoff
Monographien

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 no other effect than preventing outcome inequality. We implement the method in a survey in rural Thailand as well as a supplemental ...

Munich: Collaborative Research Center Transregio 190, 2019, 50 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 185)
| Melanie Koch,Lukas Menkhoff, Ulrich Schmidt
Monographien

Earn More Tomorrow: Overconfident Income Expectations and Consumer Indebtedness

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income expectations by letting income depend on relative performance in hard and easy quiz tasks. We successfully generate biased income expectations and show that participants ...

Munich: Collaborative Research Center Transregio 190, 2019, 94 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 152)
| Antonia Grohmann, Lukas Menkhoff, Christoph Merkle, Renke Schmacker
Monographien

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

We study the literature on school financial education programs for children and youth via aquantitative meta-analysis of 37 (quasi-) experiments. We find that financial education treatmenthas, on average, a significant and sizeable impact on financial knowledge (+0.25 SD), similar toeducational interventions in other domains. Additionally, we document small but still significanteffects on financial ...

München: CESifo, 2018, 35 S.
(CESifo Working Papers ; 7395)
| Tim Kaier, Lukas Menkhoff
Monographien

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 ...

Munich, Germany: Collaborative Research Center Transregio 190, 2018, 94 S.
(Discussion paper / Rationality & Competition, CRC TRR 190 ; 95)
| Antonia Grohmann, Theres Klühs, Lukas Menkhoff
Monographien

Active Learning Improves Financial Education: Experimental Evidence

We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in contrast to insignificant impacts ...

2018, 73 S. | Tim Kaiser, Lukas Menkhoff
114 Ergebnisse, ab 91
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