Measuring Financial Knowledge: A Macroeconomic Perspective
Building an indicator which measures countries’ financial knowledge allowing comparisons between them and throughout time is the objective of this paper. Currently, this is a lack in this research field, whose previous works were oriented to microeconomic analysis using survey that not only covered...
| Autores principales: | , , |
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| Formato: | info:eu-repo/semantics/article |
| Lenguaje: | English |
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Springer
2024
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| Materias: | |
| Acceso en línea: | http://hdl.handle.net/10835/15105 |
| _version_ | 1789406470553468928 |
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| author | Oliver Márquez, Francisco José Guarnido Rueda, Almudena Amate Fortes, Ignacio |
| author_facet | Oliver Márquez, Francisco José Guarnido Rueda, Almudena Amate Fortes, Ignacio |
| author_sort | Oliver Márquez, Francisco José |
| collection | DSpace |
| description | Building an indicator which measures countries’ financial knowledge allowing comparisons between them and throughout time is the objective of this paper. Currently, this is a lack in this research field, whose previous works were oriented to microeconomic analysis using survey that not only covered interviewees’ financial knowledge but also some of their individual characteristics (e.g. race, ethnic, gender, age, among others). Perhaps that is why there is empirical evidence about the effect of this knowledge on matters such as saving and retirement planning, stock market participation, product and services choice, or over-indebtedness, for example. But its effects on economic variables like development and inequality (among others) have hardly been explored. Therefore, the longitudinal design of our Financial Knowledge Index might contribute to turn definitively towards the macroeconomic perspective in this incipient research field. Our results are consistent with previous works and reveal those countries which have more robust and more mature financial system (some of them have financial matters in their school curricula) register better positions respect with the rest of them. |
| format | info:eu-repo/semantics/article |
| id | oai:repositorio.ual.es:10835-15105 |
| institution | Universidad de Cuenca |
| language | English |
| publishDate | 2024 |
| publisher | Springer |
| record_format | dspace |
| spelling | oai:repositorio.ual.es:10835-151052024-01-11T12:02:14Z Measuring Financial Knowledge: A Macroeconomic Perspective Oliver Márquez, Francisco José Guarnido Rueda, Almudena Amate Fortes, Ignacio Financial literacy Economic Capacity Educational Training Financial Assets’ Use Financial Knowledge Index Social Contingencies’ Planning Building an indicator which measures countries’ financial knowledge allowing comparisons between them and throughout time is the objective of this paper. Currently, this is a lack in this research field, whose previous works were oriented to microeconomic analysis using survey that not only covered interviewees’ financial knowledge but also some of their individual characteristics (e.g. race, ethnic, gender, age, among others). Perhaps that is why there is empirical evidence about the effect of this knowledge on matters such as saving and retirement planning, stock market participation, product and services choice, or over-indebtedness, for example. But its effects on economic variables like development and inequality (among others) have hardly been explored. Therefore, the longitudinal design of our Financial Knowledge Index might contribute to turn definitively towards the macroeconomic perspective in this incipient research field. Our results are consistent with previous works and reveal those countries which have more robust and more mature financial system (some of them have financial matters in their school curricula) register better positions respect with the rest of them. 2024-01-11T12:02:14Z 2024-01-11T12:02:14Z 2021 info:eu-repo/semantics/article Oliver-Márquez, F.J., Guarnido-Rueda, A. & Amate-Fortes, I. Measuring financial knowledge: a macroeconomic perspective. Int Econ Econ Policy 18, 177–222 (2021). https://doi.org/10.1007/s10368-020-00482-2 0020-5230 http://hdl.handle.net/10835/15105 10.1007/s10368-020-00482-2 en https://link.springer.com/article/10.1007/s10368-020-00482-2 Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess Springer |
| spellingShingle | Financial literacy Economic Capacity Educational Training Financial Assets’ Use Financial Knowledge Index Social Contingencies’ Planning Oliver Márquez, Francisco José Guarnido Rueda, Almudena Amate Fortes, Ignacio Measuring Financial Knowledge: A Macroeconomic Perspective |
| title | Measuring Financial Knowledge: A Macroeconomic Perspective |
| title_full | Measuring Financial Knowledge: A Macroeconomic Perspective |
| title_fullStr | Measuring Financial Knowledge: A Macroeconomic Perspective |
| title_full_unstemmed | Measuring Financial Knowledge: A Macroeconomic Perspective |
| title_short | Measuring Financial Knowledge: A Macroeconomic Perspective |
| title_sort | measuring financial knowledge: a macroeconomic perspective |
| topic | Financial literacy Economic Capacity Educational Training Financial Assets’ Use Financial Knowledge Index Social Contingencies’ Planning |
| url | http://hdl.handle.net/10835/15105 |
| work_keys_str_mv | AT olivermarquezfranciscojose measuringfinancialknowledgeamacroeconomicperspective AT guarnidoruedaalmudena measuringfinancialknowledgeamacroeconomicperspective AT amatefortesignacio measuringfinancialknowledgeamacroeconomicperspective |