The Survey of Financial Competences (ECF) is a joint initiative of the Banco de España and the Comisión Nacional del Mercado de Valores under the Financial Education Plan and is included in the National Statistics Plan.
It was conducted between 2016 Q4 and 2017 Q2 with the aim of measuring the financial competences of the adult population in Spain.
The study benefits from the cooperation of the National Statistics Institute, which has drawn up a large sample of randomly selected individuals, representative of the entire Spanish territory and of each of its regions (Comunidades Autónomas).
By means of personal interviews, information was collected both on the financial knowledge of the person chosen at random to reply to the interview and on the knowledge available in the interviewee’s household.
The ECF is part of an international project coordinated by the International Financial Education Network of the OECD. This allows for comparison of the financial competences of the Spanish population with those of a large group of countries.
Documents in English:
- The Spanish Survey of Financial Competences 2016: main results, with Olympia Bover and Ernesto Villanueva, Research Update, Fall 2018, pp. 21-24.
- Survey of Financial Competences (ECF) 2016: main results, with Olympia Bover and Ernesto Villanueva, June 2018.
- Presentation of the Survey of Financial Competences (ECF) 2016: main results, con Olympia Bover y Ernesto Villanueva, July 2018.
- Measuring financial competences in a large-scale survey: the Spanish Survey of Financial Competences with Josep Amer, Olympia Bover, and Ernesto Villanueva, The role of data in supporting financial inclusion policy, Proceedings of the Bank of Morocco – CEMLA – IFC Satellite Seminar at the 61st ISI World Statistics Congress, Marrakech, Morocco, 14 July 2017.