Household Financial Planning eJournal最新文献_第5页

Financial Inclusion, Regulation, and Education in Germany 德国的普惠金融、监管和教育

Household Financial Planning eJournal Pub Date : 2015-07-07 DOI: 10.2139/SSRN.2627488

Doris Neuberger

{"title":"Financial Inclusion, Regulation, and Education in Germany","authors":"Doris Neuberger","doi":"10.2139/SSRN.2627488","DOIUrl":"https://doi.org/10.2139/SSRN.2627488","url":null,"abstract":"Germany’s bank-based financial system provides a high level of financial inclusion, measured by bank outreach and use of financial services. However, the most vulnerable individuals and small enterprises in Germany tend to be excluded or credit constrained. The quality of financial inclusion is impaired by a low level of financial literacy, which is also concentrated among specific population subgroups. The high level of financial inclusion can be attributed to relationship lending by public savings banks, credit cooperatives, public promotional banks, and guarantee banks using the “housebank” model, and financial consumer protection and credit reporting regulations and institutions. Programs involving microfinance institutions have been stopped. Financial inclusion of consumers with the aim of responsible finance may be improved by implementing the right to a basic bank account with an overdraft facility and protection against attachment, establishing public credit bureaus, redirecting banking regulation toward the protection of borrowers in long-term credit relationships, and strengthening financial education in schools. To foster entrepreneurship and access to funding for start-ups and innovative SMEs, entrepreneurship education and the venture capital market need to be further developed.","PeriodicalId":252294,"journal":{"name":"Household Financial Planning eJournal","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128806947","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 7

Time to Rethink the 'Sophisticated Investor' 是时候重新思考“老练的投资者”了

Household Financial Planning eJournal Pub Date : 2015-06-30 DOI: 10.2139/SSRN.2653399

Peter Morris

{"title":"Time to Rethink the 'Sophisticated Investor'","authors":"Peter Morris","doi":"10.2139/SSRN.2653399","DOIUrl":"https://doi.org/10.2139/SSRN.2653399","url":null,"abstract":"Policymakers need to change the way they think about so-called “sophisticated investors.” The way they think about these organizations now disenfranchises the millions of ordinary people these big investors represent and makes it literally impossible to hold such big investors to account. This creates a dangerous law at the heart of the way financial markets are organized. This is not just abstract musing: it is demonstrably leading to poor outcomes for the ordinary people who depend on big investors. The good news is that policymakers can make a difference by applying a simple principle to “sophisticated investors”: accountability. It need not cost a lot or involve a lot of bureaucracy. They must demand that big investors, and the fund managers they hire, disclose more to the public. What they disclose must allow (truly) independent outsiders to analyze how well the big investors have performed, including how cost-effective they are. Anyone who believes in markets knows that harnessing people’s self-interest helps to make markets work. If policymakers choose to enfranchise the rest of society, they will be doing just that. Vested interests – including much of the financial services sector, many big investors, and even some policymakers – will call this idea outlandish. Some will portray it as an attack on financial markets. Even observers with no vested interest may worry that it will damage markets or the economy or both. Nothing could be further from the truth. An 80-year-old parallel shows the way. This change in approach would help to ensure that financial markets serve society as a whole, rather than just the people who work in them.","PeriodicalId":252294,"journal":{"name":"Household Financial Planning eJournal","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126736299","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Financial Education, Financial Competence, and Consumer Welfare 金融教育、金融能力与消费者福利

Household Financial Planning eJournal Pub Date : 2014-10-15 DOI: 10.2139/ssrn.2585219

Sandro Ambuehl, B. Bernheim, A. Lusardi

引用次数: 23

State Mandated Financial Education and the Credit Behavior of Young Adults 国家强制金融教育与年轻人的信用行为

Household Financial Planning eJournal Pub Date : 2014-08-25 DOI: 10.2139/ssrn.2495884

Alexandra Brown, J. Collins, Maximilian D. Schmeiser, Carly Urban

引用次数: 69

Lawyer Finances: Principles and Practices for Personal and Professional Financial Success 律师财务:个人和专业财务成功的原则和实践

Household Financial Planning eJournal Pub Date : 2014-07-24 DOI: 10.2139/ssrn.2505140

Nelson P. Miller, Paul T. Sorensen, Mark A. Michon

{"title":"Lawyer Finances: Principles and Practices for Personal and Professional Financial Success","authors":"Nelson P. Miller, Paul T. Sorensen, Mark A. Michon","doi":"10.2139/ssrn.2505140","DOIUrl":"https://doi.org/10.2139/ssrn.2505140","url":null,"abstract":"Too few lawyers know the financial principles and practices that make for personal and professional success. Lawyers are good at many things necessary for law practice. They know the law and have the skills and identity to put the law to good use for their clients. They sometimes overlook, though, that their personal and professional finances can determine how long and effectively they are able to serve those clients. Finances can determine the success and failure of lawyers and their firms. Personal finances can make and break individual lawyers. When lawyers discern and follow sound financial principles and practices, they gain rewarding and sustaining peace of mind, purpose, stability, and security. Finances can also make and break firms. When the managing members of firms agree on and follow sound professional financial principles and practices, they lay and build a foundation for sustainable practice.This book introduces principles of personal and professional finance for lawyers. For lawyers personally, the subjects include financial statements and budgeting, risk management and insurance planning, and investment and retirement planning. For law firm financial management, the subjects include legal and capital structures, annual financial plans, balance sheets, working capital, operating statements, ratio analyses, and financial targets.Lawyers and law students who read this book should find encouraging confirmation of core commitments that they and others whom they trust have made and followed around finances. The principles and practices this book promotes are not a get-rich-quick scheme. They instead help lawyers prepare, plan, and practice wisely using modern methods made sound with the wisdom of the ages.","PeriodicalId":252294,"journal":{"name":"Household Financial Planning eJournal","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114139110","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do Individual Currency Traders Make Money? 个人外汇交易者赚钱吗?

Household Financial Planning eJournal Pub Date : 2014-06-07 DOI: 10.2139/ssrn.2514514

Boris Abbey, John A. Doukas

引用次数: 14

Financial Literacy and the College Student 金融素养与大学生

Household Financial Planning eJournal Pub Date : 2014-04-29 DOI: 10.2139/SSRN.2430795

Kerry M. Tew, Philip Tew

引用次数: 3

Financial Literacy and High-Cost Borrowing in the United States 美国的金融知识和高成本借贷

Household Financial Planning eJournal Pub Date : 2013-01-31 DOI: 10.2139/ssrn.2585243

A. Lusardi, Carlo de Bassa Scheresberg

{"title":"Financial Literacy and High-Cost Borrowing in the United States","authors":"A. Lusardi, Carlo de Bassa Scheresberg","doi":"10.2139/ssrn.2585243","DOIUrl":"https://doi.org/10.2139/ssrn.2585243","url":null,"abstract":"In this paper, we examine high-cost methods of borrowing in the United States, such as payday loans, pawn shops, auto title loans, refund anticipation loans, and rent-to-own shops, and offer a portrait of borrowers who use these methods. Considering a representative sample of more than 26,000 respondents, we find that about one in four Americans has used one of these methods in the past five years. Moreover, many young adults engage in high-cost borrowing: 34 percent of young respondents (aged 18-34) and 43 percent of young respondents with a high school degree have used one of these methods. Using well-tested questions to measure financial literacy, we document that most high-cost borrowers display very low levels of financial literacy, i.e., they lack numeracy and do not possess knowledge of basic financial concepts. Most importantly, we find that those who are more financially literate are much less likely to have engaged in high-cost borrowing. Our empirical work shows that it is not only the shocks inflicted by the financial crisis or the structure of the financial system but that the level of financial literacy also plays a role in explaining why so many individuals have made use of high-cost borrowing methods.","PeriodicalId":252294,"journal":{"name":"Household Financial Planning eJournal","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121926493","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 164

Are Young Borrowers Bad Borrowers? Evidence from the Credit CARD Act of 2009 年轻借款者是不良借款者吗?来自2009年信用卡法案的证据

Household Financial Planning eJournal Pub Date : 2013-01-09 DOI: 10.2139/ssrn.2306556

Peter Debbaut, Andra Ghent, Marianna Kudlyak

引用次数: 16

Financial Certification: A Study of the Impact on Professionals' Financial Literacy Levels and Competency 金融认证:对专业人员金融知识水平和能力的影响研究

Household Financial Planning eJournal Pub Date : 2012-05-03 DOI: 10.2139/ssrn.2050405

Leslie E. Linfield

{"title":"Financial Certification: A Study of the Impact on Professionals' Financial Literacy Levels and Competency","authors":"Leslie E. Linfield","doi":"10.2139/ssrn.2050405","DOIUrl":"https://doi.org/10.2139/ssrn.2050405","url":null,"abstract":"A study was undertaken to determine if obtaining professional certification in financial counseling and education has any impact on the personal financial literacy skills and competency of these individuals. The study found that participation in a professional certification program had a measurable impact on an individual's financial literacy level, study participants demonstrated an increase in their financial literacy on average by 12% from pre-certification assessment scores. The study also found a 25% increase by study participants in their confidence to answer student or client questions about financial topics. Additionally, 89% of the participants indicated that they felt more confident in their understanding of debt management options and 74% indicated an increase in their understanding of different retirement planning options. These results were an increase of 117% and 89% respectively as compared to their precertification evaluation results. This study indicates that the materials participants study and the process of preparing for professional certification in the field of financial counseling and education had a direct effect on participants’ own financial literacy and competency. There were noticeable increases between pre-certification assessment and evaluation scores and post certification assessment and evaluation scores, regardless of the professional's academic achievement, ethnicity, gender, or professional and financial experience.","PeriodicalId":252294,"journal":{"name":"Household Financial Planning eJournal","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114295404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0