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By focusing on the highly innovative retail market for structured products, we investigate the drivers of financial complexity. We perform a lexicographic analysis of the term sheets of 55,000 retail structured products issued in Europe since 2002. We observe that financial complexity has been...
Persistent link: https://www.econbiz.de/10010832960
may be less satisfied than those from other backgrounds. To attend to this, instances of demand-side regulation have been … improve the quality of utility regulation. …
Persistent link: https://www.econbiz.de/10011258751
. Despite this ambitious reform programme, there are signs that regulation is not always working. The Commission itself has … intended that new regulation will be implemented to improve this situation. As part of efforts to make these markets perform … better, policy-makers are turning their attention to better understanding the consumer. Previously, regulation was usually …
Persistent link: https://www.econbiz.de/10009283788
across populations, and that specifically targeted “bottom-up” regulation from the demand-side could usefully address these …
Persistent link: https://www.econbiz.de/10009283800
much demand-side regulation. By relying on experimental empirical research, behavioral economics may provide practical help … Grundlage der Verbraucherpolitik dar. Heute sucht diese jedoch nach neuen, empirisch basierten Konzepten für ihre strategische … Verbraucherpolitik leisten kann. Diese Forschungsrichtung untersucht, wie Menschen wirtschaftlich agieren. Sie verlässt die Modellannahme …
Persistent link: https://www.econbiz.de/10008550471
focuses on four key pillars: financial literacy, disclosure, advice, and product regulation. Although there is no one ‘silver …
Persistent link: https://www.econbiz.de/10010583595
In this article, we review the literature on financial literacy, financial education, and consumer financial outcomes. We consider how financial literacy is measured in the current literature and examine how well the existing literature addresses whether financial education improves financial...
Persistent link: https://www.econbiz.de/10010822972
The greatest fear of many families in serious financial trouble is that they will lose their homes. Bankruptcy offers a last chance for families save their houses by halting a foreclosure and by repaying any default on their mortgage loans over a period of years. Mortgage companies participate...
Persistent link: https://www.econbiz.de/10012766844
Using state level data between 1990 and 2006, we find no empirical evidence that payday lending leads to more bankruptcy filings, which casts doubt on the debt trap argument against payday lending. We capture the intensity of the payday lending activity in a state by the number of payday lending...
Persistent link: https://www.econbiz.de/10012712581
The culture war has become a national moniker describing a variety of policy debates between social conservatives and secular liberal Americans. Hotly contested battle grounds in this metaphorical war have included abortion policy, affirmative action, the right to bear arms, and gay marriage....
Persistent link: https://www.econbiz.de/10012753693