Search

Financial literacy, specifically its measurement and education in this field, is a very current topic. The main aim of this research was to find out whether secondary school education had a positive impact on the level of student's financial literacy and to identify other important factors that affected its level. All 363 first-year bachelor's students of the Faculty of Operations and Economic of Transport and Communications (FPEDAS), University of Zilina, Slovakia, took part in the research. The research consisted of two parts -- a questionnaire and a test. The questionnaire focused on demographic, educational, and socio-economic factors influencing students' financial literacy. The test included items aimed at finding out whether students could correctly define selected concepts of the financial area, whether they understood these concepts, and were able to analyze them. The most important finding of the research was that the number of lessons dedicated to mathematics and financial literacy in secondary school did not have a statistically significant impact on the level of student's financial literacy. On the contrary, the level of financial literacy was correlated with the overall performance of the student at the secondary school and the type of secondary school the student attended. The research also aimed to verify the hypothesis that the student's study program affected the level of his or her financial literacy. It turns out that increasing the number of mathematics or financial literacy lessons is not sufficient to improve financial literacy levels, but more important is teacher education, the content and form of the education and the effectiveness of the teaching process.

In this paper we study the so-called changeover effect in six states that adopted Euro after 2007. We developed the new model for computation of the changeover effect. It is based on the comparison of the inflation in state that adopted Euro with average inflation in other states that are geographically near the evaluated state and have similar economics. To capture long-term impact of Euro introduction on inflation we monitored the inflation for 18 months: 6 months before Euro introduction and 12 months after it. We observed that the biggest changeover effect in 18 months was in Estonia. The inflation was 2.53% bigger than the average inflation in benchmark states. Similarly, the changeover effect in Malta was 1.08%, 1.86% in Slovenia and 0.93% in Cyprus. We did not observe any changeover effect in Latvia nor Slovakia. We also formed three regression models to predict the behavior of inflation in 2015. We used them to estimate the total inflation in Lithuania, the last state that adopted Euro on 1 January 2015. The linear model gives interval estimation of the total inflation in 18 months (1.27%; 4.76%) and logarithmic model gives interval (-0.09%; 3.34%). [ABSTRACT FROM AUTHOR]

Copyright of Annals of 'Constantin Brancusi' University of Targu-Jiu. Engineering Series / Analele Universităţii Constantin Brâncuşi din Târgu-Jiu. Seria Inginerie is the property of Universitatea Constantin Brancusi din Targu-Jiu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Annals of 'Constantin Brancusi' University of Targu-Jiu. Engineering Series / Analele Universităţii Constantin Brâncuşi din Târgu-Jiu. Seria Inginerie is the property of Universitatea Constantin Brancusi din Targu-Jiu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)