Some euro-area countries face a sharp fiscal squeeze- but they are in the minority Low real interest rates and a more competitive euro should benefit the core group of countries We expect the ECB to stay on hold until...Some euro-area countries face a sharp fiscal squeeze- but they are in the minority Low real interest rates and a more competitive euro should benefit the core group of countries We expect the ECB to stay on hold until Q2-2011 and have lowered our 2011 growth forecast展开更多
This study investigates how financial literacy and behavioral traits affect the adoption of electronic payment(ePayment)services in Japan.We construct a financial literacy index using a representative sample of 25,000...This study investigates how financial literacy and behavioral traits affect the adoption of electronic payment(ePayment)services in Japan.We construct a financial literacy index using a representative sample of 25,000 individuals from the Bank of Japan’s 2019 Financial Literacy Survey.We then analyze the relationship between this index and the extensive and intensive usage of two types of payment services:electronic money(e-money)and mobile payment apps.Using an instrumental variable approach,we find that higher financial literacy is positively associated with a higher likelihood of adopting ePayment services.The empirical results suggest that individuals with higher financial literacy use payment services more frequently.We also find that risk-averse people are less likely to adopt and use ePayment services,whereas people with herd behavior tend to adopt and use ePayment services more.Our empirical results also suggest that the effects of financial literacy on the adoption and use of ePayment differ among people with different behavioral traits.展开更多
The Chinese life insurance market is developing on the road to join in WTO in the new millennium. The rate of increase in the first six months in 2003 reached 41.1%, and the market takes on some characteristics as fol...The Chinese life insurance market is developing on the road to join in WTO in the new millennium. The rate of increase in the first six months in 2003 reached 41.1%, and the market takes on some characteristics as follows：展开更多
文摘Some euro-area countries face a sharp fiscal squeeze- but they are in the minority Low real interest rates and a more competitive euro should benefit the core group of countries We expect the ECB to stay on hold until Q2-2011 and have lowered our 2011 growth forecast
基金National Foundation for Science and Technology Development(No.502.01-2020.308).
文摘This study investigates how financial literacy and behavioral traits affect the adoption of electronic payment(ePayment)services in Japan.We construct a financial literacy index using a representative sample of 25,000 individuals from the Bank of Japan’s 2019 Financial Literacy Survey.We then analyze the relationship between this index and the extensive and intensive usage of two types of payment services:electronic money(e-money)and mobile payment apps.Using an instrumental variable approach,we find that higher financial literacy is positively associated with a higher likelihood of adopting ePayment services.The empirical results suggest that individuals with higher financial literacy use payment services more frequently.We also find that risk-averse people are less likely to adopt and use ePayment services,whereas people with herd behavior tend to adopt and use ePayment services more.Our empirical results also suggest that the effects of financial literacy on the adoption and use of ePayment differ among people with different behavioral traits.
文摘The Chinese life insurance market is developing on the road to join in WTO in the new millennium. The rate of increase in the first six months in 2003 reached 41.1%, and the market takes on some characteristics as follows：
