Financial Literacy: An International Comparison between Germany and the Czech Republic

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Authors	SVOBODA Martin ZURECK Alexander
Year of publication	2015
Type	Article in Proceedings
Conference	European Financial Systems 2015. Proceedings of the 12th International Scientific Conference
MU Faculty or unit	Faculty of Economics and Administration
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.
Related projects:	Analýza, tvorba a testování modelů oceňování finančních, zajišťovacích a investičních aktiv a jejich využití k predikci vzniku finančních krizí