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

Author(s): Alexander Zureck, Martin Svoboda
Subject(s): Economic policy, Comparative politics, Higher Education , Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: financial literacy; financial education; decision making; Germany; Czech Republic;
Summary/Abstract: 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.

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