Financial literacy in Tunisia: Its determinants and its implications on investment behavior

Amari, Mouna; Jarboui, Anis

doi:10.1016/j.ribaf.2016.09.018

Cited by 73 publications

(70 citation statements)

References 16 publications

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“…These findings imply that in Pakistan, a 1% rise in interest rate and in exchange rate contributes 0.23% decrease and 3.17% increase in stock market performance in the long term, respectively. These results are in accordance with the findings of many empirical works that investigate the connection between equity market performance and interest rate/exchange rate, for example, Ahmad et al [5], Mukit [4], Mbulawa [2], Mouna and Anis [44], etc.…”

Section: Testing For Cointegrationsupporting

confidence: 91%

Effects of Interest Rate and Exchange Rate on the Stock Market Performance of Pakistan: A Cointegration Approach

Khalid¹

2017

JFE

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This research paper is an endeavor to empirically investigate the economic effects of interest rates and exchange rates on stock market capitalization by considering annual data for Pakistan covering the 1990-2017 periods. The main intention of this research is to analyze the short-run together with the long-run interconnections between the aggregate market capitalization and macroeconomic variables by employing the econometric tools of Johansen approach, Error Correction Model (ECM) and then inspection of Variance Decomposition. And finally, causal linkages have been explored by the application of Granger-Causality test. By applying the Johansen Jeselius approach, it is detected that the whole series of data are co-integrated showing the long-term relationships among the examined variables. The long-term coefficient shows that a 1% increase in interest rate and in exchange rate contributes 0.23% decrease and 3.17% increase in market capitalization, respectively. The estimated ECM lagged value illustrates that in the short period, 22.07% volatility of market capitalization are corrected per annum to reach at the steady-state. And the analysis of Granger-causality tool reports the existence of a unidirectional causality from foreign exchange rate to interest rate. The further reduction of bank rate in the economy has been recommended in this study to facilitate the financial sector development as well as to stimulate the investment level both nationally and internationally.

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Section: Testing For Cointegrationsupporting

confidence: 91%

Effects of Interest Rate and Exchange Rate on the Stock Market Performance of Pakistan: A Cointegration Approach

Khalid¹

2017

JFE

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“…Hogarth and Hilgert, (2002) underline that middle age groups tend to have high financial literacy compared to young or old age groups. However, this research is different with Mouna and Anis (2017) and Garg and Singh (2018). They found that the financial literacy was affected by age, education level, and the annual income.…”

Section: Resultsmentioning

confidence: 65%

Determinant of The Financial Literacy: Case Study on Career Woman in Indonesia

Dewanty

Isbanah

2018

Etikonomi

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Financial literacy is one of the relevant facts in improving the economy. The purpose of this study was to examine the influence of demographic factors (i.e., marital status, education level, income, and age) and financial socialization agent on financial literacy. Using online and offline questionnaire survey from 100 respondents in Surabaya, East Java, and the study revealed that education level, personal income, and financial socialization agent, give the positive effect, while the marital status and age does not affect financial literacy. This result implies that the government can focus on educating the development and improvement of financial literacy for the society. It is believed to be a step forward in practicing financial planning from an early age to solve problems with financial management using financial knowledge, financial attitude, and financial behavior.DOI: 10.15408/etk.v17i2.6681

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“…The data were further analyzed using ANOVA (Table 2). ANOVA is a method of measuring the overall significance of differences in means widely used in economic analysis, especially for financial literacy analysis [60,61]. It provides no insights into the sizes of effects and does not indicate which groups caused the differences to be significant.…”

Section: Methodsmentioning

confidence: 99%

Consumer Financial Knowledge and Cashless Payment Behavior for Sustainable Development in Poland

et al. 2021

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Financial knowledge is the main element of financial literacy, which is important for the sustainable development of individuals and society. Sustainability is a complex concept that spans many fields, including financial knowledge for all ages. Financial knowledge requires significant scientific research showing its impact on individuals and the economy, including non-cash payments. Consumer payment knowledge and its association with consumer financial behavior have long been a matter of widespread interest by researchers, but no in-depth, empirically based scientific research has been completed for Poland. The objective of this study was to examine factors associated with cashless payment behavior with an emphasis on the role of consumer financial knowledge. A total of 1100 interviews were carried out with Polish nationals aged 15 and above. The collected data were analyzed with the use of statistical methods, including analysis of variances (ANOVA), in order to examine consumers’ financial knowledge by basic economic and non-economic factors. Additionally, a data-mining method known as Random Forests was implemented for finding the variable importance in correlations between consumer financial knowledge and preferred methods of payment. The results revealed the diversity of factors influencing consumer behavior. Among the consumers’ personal traits, financial knowledge was one of the most important determinants of their payment choices. The results have implications for the design of payment processes. The results can be used by central banks to determine the directions of financial inclusion, as well as for stakeholders in the payments market.

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Financial literacy in Tunisia: Its determinants and its implications on investment behavior

Cited by 73 publications

References 16 publications

Effects of Interest Rate and Exchange Rate on the Stock Market Performance of Pakistan: A Cointegration Approach

Effects of Interest Rate and Exchange Rate on the Stock Market Performance of Pakistan: A Cointegration Approach

Determinant of The Financial Literacy: Case Study on Career Woman in Indonesia

Consumer Financial Knowledge and Cashless Payment Behavior for Sustainable Development in Poland

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