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Household's overindebtedness during the COVID-19 crisis : the role of debt and financial literacy

Kurowski, Łukasz - In: Risks : open access journal 9 (2021) 4, pp. 1-19

The COVID-19 pandemic has shown how important it is to prepare one's own financial budget for the unexpected loss of income. In this dimension, the financial education of the society plays an invaluable role. It allows us to account for events that may adversely affect personal finances in our...

Persistent link: https://www.econbiz.de/10012508620

Financial vulnerability of working adults in Malaysia

Loke, Yiing Jia - In: Contemporary economics 11 (2017) 2, pp. 205-218

-to-income ratio and the level of emergency savings for income shock. The findings of this paper show that, in addition to socio …-economic factors, other factors such as risk tolerance, savings portfolio, and individuals’ objectives and subjective financial … diversify their savings channels to include stock and bond holdings instead of solely saving through bank deposits are less …

Persistent link: https://www.econbiz.de/10011760478

Can people trust what they don't understand? : role of language and trust for financial inclusion

Nagańska, Aleksandra; Cichocki, Stanisław - In: Central European economic journal 9 (2022) 56, pp. 132-157

The aim of this paper is to look at determinants of financial inclusion through the lens of comprehension of financial concepts and financial language. Specifically, we are interested in which factors are important should this comprehension be absent. We show that, in the context of finance,...

Persistent link: https://www.econbiz.de/10013352577

Households' borrowing intentions during the COVID-19 crisis : the role of financial literacy

Kurowski, Łukasz; Malinowska-Misiąg, Elżbieta - In: Journal of banking and financial economics 17 (2022) 1, pp. 98-113

This study aims to determine the role of financial literacy in households' borrowing intentions during the coronavirus pandemic. Employing a survey of 1,300 Polish citizens conducted during the COVID-19 crisis and an instrumental variable analysis, we found that financial literacy significantly...

Persistent link: https://www.econbiz.de/10013413474

Crypto and financial literacy of cryptoasset owners versus non-owners : the role of gender differences

Balutel, Daniela; Engert, Walter; Henry, Christopher; … - In: Journal of financial literacy and wellbeing : FLW 1 (2023) 3, pp. 514-540

We measure crypto and financial literacy using microdata from the Bank of Canada's Bitcoin Omnibus Survey. Our crypto literacy measure is based on three questions covering basic aspects of Bitcoin. The financial literacy measure we use is based on three questions covering basic aspects of...

Persistent link: https://www.econbiz.de/10014553974

Debt literacy and debt advice-seeking behaviour among Facebook users: the role of social networks

Cwynar, Andrzej; Cwynar, Wiktor; Kowerski, Mieczysław; … - In: Baltic journal of economics 20 (2020) 1, pp. 1-33

Professional advice can be perceived as a means to tackleshortcomings in the objectively measuredfinancial literacy ofconsumers. However, most studies suggest that lessfinanciallyliterate individuals are less likely to seek experts'financial advice.At the same time, it has been shown...

Persistent link: https://www.econbiz.de/10012257564