THE DEVELOPMENT OF A FINANCIAL LITERACY SYSTEM IN RUSSIA

Svetlana A. Litvinova ()
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Svetlana A. Litvinova: Russian Presidential Academy of National Economy and Public Administration (RANEPA)

CBU International Conference Proceedings, 2018, vol. 6, issue 0, 314-318

Abstract: The article touches upon the issues of financial literacy development in Russia. The author considers financial literacy as a set of procedures that build up the system of financial literacy institution development including financial inclusion, an increase in financial literacy and a strengthening of the protection of consumers’ rights in regard to financial services. The author presents research findings that indicate a poor financial literacy level in Russia. The key conclusion reflects the goal of the paper: the development of the financial literacy system depends on the demand for innovative financial services and the measures taken by the government to develop the financial literacy system.

Keywords: Financial literacyfinancial knowledge; financial learning; financial education; financial services; financial literacy strategy. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aad:iseicj:v:6:y:2018:i:0:p:314-318

DOI: 10.12955/cbup.v6.1175

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