Is financial literacy a substitute or complement for financial advice? We analyze the decision by consumers to seek financial advice in the form of credit counseling. Credit counseling is an important component of the consumer credit sector for consumers facing debt problems. Our analysis accounts for the endogeneity of an individual’s financial situation to financial literacy, and the endogene...

Financial development is the important driving force of economic and social development. Based on the overall situation of the financial development of the six provinces in central China, we measured the level of financial development in Hubei province, through choosing two financial efficiency indicators – loan-to-deposit ratio and the banking concentration, and three financial scale indicator...

the aim of this research is to do an internal evaluation of the academic library based on the views of experts to identify the current situation. it also aims to present a method for library evaluation and to help the planners and managers of such centers to understand and improve the condition of university libraries and information centers. the methodology of this case study is based on inter...

Is financial literacy a substitute or complement for financial advice? We analyze the decision by consumers to seek financial advice in the form of credit counseling. Credit counseling is an important component of the consumer credit sector for consumers facing debt problems. Our analysis accounts for the endogeneity of an individual’s financial situation to financial literacy, and the endogene...

On September 15, 2008 Lehman Brothers filed for bankruptcy, something that nearly caused a meltdown of the world’s financial system. A few days later Bernanke made his famous statement that “we may not have an economy on Monday.” In this paper, I study the situation before Lehman went bankrupt and also how this event came to operate as a trigger for the financial panic that occurred in the fall...