Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The volume aims to promote the scientific value of the data collected by the international OECD and IEA surveys carried out in 2015. In particular, as regards the IEA TIMSS and TIMSS Advanced surveys, the contributions focus on the incidence of behaviours and learning contexts of students on the development of skills in mathematics. Regarding the OECD PISA survey, the topics discussed are the relationship between cultural, cognitive and motivational factors and the relative empirical evidence, as well as the online media exposure of the survey. Finally, a last thematic section concerns the relationship between context variables and competences related to Financial Literacy.

Financial literacy.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Macroeconomic variables and changes in foreign reserves affect the secondary market price of Brady bonds in Bulgaria. So do changes in the external environment, including crises in other parts of the world. - To analyze the main determinants of secondary market prices of Bulgarian Brady bonds, Budina and Mantchev investigate to what extent fluctuations in domestic fundamentals affect the bonds' secondary market price. They also assess the extent to which external shocks affect the bonds' prices. They estimate the long-term relationship between domestic fundamentals and market prices of the bonds, using cointegration techniques. In the long run, they find that gross foreign reserves and exports had a positive effect on bond prices and the real exchange rate and Mexico's nominal exchange rate depreciation had a negative effect. In the short run, the Asian crisis had a negative impact, and Bulgaria's change in political regime and introduction of a currency board had a positive impact. Mexico's economic crisis in 1995 had contagion effects. The authors' empirical results confirm the view that the so-called fundamentals approach should be used to supplement the analysis of spillover effects for Bulgarian Brady bonds. This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to study transition economies. The authors may be contacted at nbudina@worldbank.org or tmantchev@hotmail.com.

Financial literacy.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Macroeconomic variables and changes in foreign reserves affect the secondary market price of Brady bonds in Bulgaria. So do changes in the external environment, including crises in other parts of the world. - To analyze the main determinants of secondary market prices of Bulgarian Brady bonds, Budina and Mantchev investigate to what extent fluctuations in domestic fundamentals affect the bonds' secondary market price. They also assess the extent to which external shocks affect the bonds' prices. They estimate the long-term relationship between domestic fundamentals and market prices of the bonds, using cointegration techniques. In the long run, they find that gross foreign reserves and exports had a positive effect on bond prices and the real exchange rate and Mexico's nominal exchange rate depreciation had a negative effect. In the short run, the Asian crisis had a negative impact, and Bulgaria's change in political regime and introduction of a currency board had a positive impact. Mexico's economic crisis in 1995 had contagion effects. The authors' empirical results confirm the view that the so-called fundamentals approach should be used to supplement the analysis of spillover effects for Bulgarian Brady bonds. This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to study transition economies. The authors may be contacted at nbudina@worldbank.org or tmantchev@hotmail.com.

Financial literacy.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Is it possible to stimulate women's employment by relaxing their financial and human capital constraints Does involving husbands help or hinder the effort Using an experiment in Tunisia, this paper shows that providing cash grants and financial training to women stimulates their income generating activities, but only when their partners are not involved. The program did not alter traditional gender roles. Instead, it encouraged employment of other household members and investments in small-scale agriculture and livestock farming - two activities traditionally undertaken by women at home. The impacts on household living standards are overwhelmingly positive, and suggest that the program is highly cost-effective.

Financial literacy.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

America has evolved into an ownership society. Home-buying decisions, resource allocation, debt exposure, and financial planning for the future are now left to individuals, many of whom may lack the financial understanding to evaluate and make sound decisions. Economics, with its insistence on quantifying ideas and putting specific quantitative values on all manner of phenomena, can help sort through the questions. Economics for Life: Real-World Financial Literacy is designed to help soon-to-be college graduates start their "real lives" with a better understanding of how to analyze the financial decisions that they will soon have to make. Written in an easy-to-read, conversational style, this textbook will help students learn how to make decisions on saving and investing for retirement, buying a car, buying a home, as well as how to safely navigate the use of debit and credit cards-- publisher's website.

Financial literacy.