Financial Education of Children and Youth

Fabris, Nikola; Luburić, Radoica

doi:10.1515/jcbtp-2016-0011

Cited by 24 publications

(29 citation statements)

References 1 publication

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“…In their text Fabris and Luburić (2016) mention that the opening point of the strategy should be to answer the questions: "Where are we now?" and "Where do we want to be in the future?".…”

Section: Research Of the Financial Literacy Levelmentioning

confidence: 99%

“…The involvement of other participants is also important in order to increase credibility, increase the number of experts and the amount of resources available. At an imaginary peak, although the authors of the text in the ideal case see the Central bank however in the Czech Republic the position is held by the Ministry of Finance (Fabris, Luburić, 2016).…”

Section: Procedures For the Introduction Of The Financial Education Inmentioning

confidence: 99%

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Financial Literacy as a Part of Lifelong Education

Mohelská

Zubr

2019

Proceedings of the 16th International Conference on Cognition and Exploratory Learning in Digital Age (CELDA 2019)

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This article is focused on the financial literacy of elementary students as a part of a lifelong education. The introduction covers the concept of financial literacy and the development of financial education in EU countries and in the Czech Republic. It also presents the strategic documents that have been gradually published. It turns out that there is a gap for research in the field of financial education strategy for elementary and school students and its coherence with lifelong education. The national strategic plan focuses mainly on the high school students, but the practice show that it should start with students that are in the compulsory education. The results of the OECD's research called Program for International Student Assessment (PISA) show educators and policy makers the quality and equity of learning outcomes achieved elsewhere and allow them to learn from the policies and practices applied in other countries. The goal of this article is to evaluate the project of financial education and analyze the current situation in the financial literacy of the elementary school students in Czech Republic in comparison with foreign countries. The article searches for the strengths, opportunities and threats using the method of SWOT analysis. Based on the obtained results it formulates conclusions and recommendations.

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“…In their text Fabris and Luburić (2016) mention that the opening point of the strategy should be to answer the questions: "Where are we now?" and "Where do we want to be in the future?".…”

Section: Research Of the Financial Literacy Levelmentioning

confidence: 99%

Section: Procedures For the Introduction Of The Financial Education Inmentioning

confidence: 99%

Financial Literacy as a Part of Lifelong Education

Mohelská

Zubr

2019

Proceedings of the 16th International Conference on Cognition and Exploratory Learning in Digital Age (CELDA 2019)

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“…A large number of studies have confirmed the link between education and poverty, through which the importance of the financial education for youth and children is highlighted. 4 Looking closer, it will be seen that the national priorities of the developed countries are, at the same time, some of the key indicators of the quality of life.…”

Section: Money and The Indicators Of Quality Of Lifementioning

confidence: 99%

Money and the Quality of Life

Luburić

Fabris

2017

Journal of Central Banking Theory and Practice

Self Cite

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This paper deals with the influence of money on the quality of life, in the light of the major importance it has on all aspects of our lives. Bearing in mind that money is an everyday, inseperable and unavoidable companion, with all its advantages and power, as well as its numerous challenges, risks and temptations, it inevitably affects all segments of the quality of life. The relation between money and quality of life, therefore, can be viewed not only theoretically, but also at a practical level. In the times we live in, which have been labelled the digital age, with ever increasing change, the key questions which arise are whether and to what extent do people really manage their money, and to what extent does money manage people and their lives, do people own money or does money own people? Although it sounds paradoxical, money causes people financial worries, whether they have it or whether they do not and so can significantly influence their quality of life. Standard macro-economic indicators, traditionally used as measures of the well-being of society, do not always give a real and complete picture of the quality of life, as this encompasses the way of life, as well as the standard of living. The quality of life includes the whole spectrum of factors, not only economic, but also many others which lead to satisfaction, both material and spiritual. These can include financial and material living conditions, employment, health, education, leisure time and social activities, economic and physical safety, human rights and freedoms, protection of the environment and overall life satisfaction. This paper analyses the direct and indirect connections between effective and efficient money management and the aforementioned factors which are decisive in forming the quality of life. JEL Classification: E40

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“…These new characteristics became a distinguishing factor in banking competition, and are described as "financial engineering" by Quelhas (1996). Fabris & Luburić (2016) presented the growing of complexity of financial products that justify the need to increase financial literacy in youth generation.…”

Section: Introductionmentioning

confidence: 99%

Financial Products in Portugal

Couto

Pimentel

Toste

2019

Journal of Central Banking Theory and Practice

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The offerings of financial products to investors have evolved considerably over the last decades. This study was undertaken to understand the importance of financial products in Portugal for banks and private clients. Different financial products can provide to banks an important role on their revenues and liquidity. For clients allows to invest their savings according the risk, complexity and potential return they pretend be exposed. Financial products can be divided into four groups: deposits, investment funds, securities, and insurance banking. The six largest banks with Portuguese headquarters were identified based on an analysis of net asset value, and the products offered were analyzed. It was found that on an overall basis, the offerings of financial products available in banks are rather diverse and, at the same time, uniform. It was also noted that investment decisions are dependent on investors and that there are financial innovations that attract differentiated savings.

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Financial Education of Children and Youth

Cited by 24 publications

References 1 publication

Financial Literacy as a Part of Lifelong Education

Financial Literacy as a Part of Lifelong Education

Money and the Quality of Life

Financial Products in Portugal

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