The authors of this article propose a classroom simulation designed for advanced economics or finance courses whereby student teams role-play Moody's sovereign credit risk analysts. Despite the importance of sovereign credit risk ratings in affecting the funding liquidity of countries, the process generating ratings is a black box. The authors use…

The topic of the Federal Reserve's (the Fed's) implementation of monetary policy has a significant presence in economics textbooks. Unfortunately, as the Fed purposefully shifted the way it implements monetary policy to an environment with ample reserves in the banking system, many textbooks have not kept up. The authors walk through the key…

This document is intended to accompany "Hands-On Learning to Build Financial Habits: Federal Resources to Encourage School-Based and Youth Savings Program." It is intended to provide information on non-governmental research and resources that may be useful to financial institutions, state, local, or tribal government officials, teachers…

In this article, the authors describe a classroom experiment on exchange rates appropriate for undergraduate courses in macroeconomics, international economics, and money and banking. Student teams compete by managing virtual portfolios of six foreign currencies over a period of several weeks. Trading requires a few minutes in class. Students gain…

This study compares the financial knowledge of Korean (N = 1006) and German (N = 1346) university students. The country-specific adaptations of the US-American Test of Financial Literacy was used to assess financial knowledge. Financial knowledge can be divided into three areas (everyday money management; banking; insurance). German students show…

There are many different schooling options, and they are all welcome under the broad umbrella of choice. But not all educational choice programs are created equal. Public charter schools and public-to-public transfers, for example, have provided options within the traditional system, but those programs leave many schooling types off-limits for…

By combining technology with learning and delivers using telecommunication and information technologies, eLearning has become a significant component of training and development within the corporate environment. The review of the literature revealed that there is a lack of comprehensive models and frameworks to summarize the factors causing…

We measured the fundamental financial knowledge and the level of using basic financial offers by persons with Asperger syndrome. It was pilot study. The method of diagnostic survey was used. The questionnaire used in the study was authorship, developed on the basis of S&P Global FinLit Survey, conducted by World Bank Development Research Group…

The money creation and monetary policy chapters in the leading introductory textbooks commonly present an outdated and misleading approach that is now largely irrelevant. A preferable model would help students understand that money and monetary policy are about bank and household motives, the importance of capital, and the role of credit. An…

This brief is derived from findings in White et al. (2020), "How Financial Socialization Messages Relate to Financial Management, Optimism, and Stress: Variations by Race," in which the authors examined explicit family financial socialization (e.g., overt communication messages provided by caregivers). More specifically, the focus was on…

Purpose: Academic achievement is not a determinant of college graduates' work readiness, but it requires adequate knowledge and skills to be accepted to work in companies. The purpose of this study is to describe the phenomenon of recruitment in Islamic banking, the obstacles faced by applicants and recommendations for Islamic economics…

The rapid emergence of the novel coronavirus and its impact on human behavior provoked dramatic increases in human usage of a variety of systems. These increases had the potential to stress the scalability of the systems, testing whether the system owners had designed and built those systems to cope with sudden changes in demand. This case invites…

The racial differences in student loan debt must be interpreted through a lens of wealth building inequality. Black individuals in particular are negatively affected by official and unofficial policies that create barriers to building wealth. Financial aid policies then exacerbate this inequality with an Expected Family Contribution (EFC) formula…

Drawing on social exchange theory, the objectives of the study were to examine how succession planning relates to employee performance and assess whether career development and performance appraisal mediate this relationship. Using survey methodology, data were collected from permanent employees at several commercial banks (N = 239; 62% male).…

A good understanding of banks and the banking industry are important in a quality business education. Focusing students early in the semester on the three major characteristics of banks and their place/importance in the economy that make them special establishes a solid foundation upon which to build a good understanding of the industry. However,…