Financial Literacy: An International Comparison between Germany and the Czech Republic
| Authors | |
|---|---|
| Year of publication | 2015 |
| Type | Article in Proceedings |
| Conference | European Financial Systems 2015. Proceedings of the 12th International Scientific Conference |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Keywords | nancial literacy; financial education; decision making; Germany; Czech Republic |
| Description | The paper analyzes the financial decision making of students from Germany and from the Czech Republic. The countries have different financial education strategies to improve financial literacy. This has impacts on students’ financial decision making. In comparison, German students favor traditional financial products like call money, saving books, life insurance, and funds. Students from Czech Republic invest more than the average in real estates and in capital market products like stocks, corporate bonds, and government bonds. |
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