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THE IMPACT OF FINANCIAL LITERACY ON THE DEVELOPMENT OF THE RUSSIAN SECURITIES MARKET
- Authors: Saibel NY.1, Kovalchuk AV1
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Affiliations:
- Kuban State University
- Issue: Vol 26, No 2 (2018)
- Pages: 306-316
- Section: INDUSTRIAL ORGANIZATION MARKETS
- URL: https://journals.rudn.ru/economics/article/view/18908
- DOI: https://doi.org/10.22363/2313-2329-2018-26-2-306-316
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Abstract
In this article financial literacy is considered as the most important factor of increase of activity of citizens in the securities market and, as a consequence, development of the Russian securities market. The data on the level of citizens’ involvement in the investment process in the organized securities market of the Russian Federation and the level of financial education of citizens as a whole are analyzed. The article considers the main problems hindering the effective development of the Russian securities market, as well as the problems of low level of financial literacy of the population and, as a consequence, investment activity in the Russian securities market. The authors suggest not only ways to solve the existing problems, but also consider existing measures to address them from the state.
About the authors
N Yu Saibel
Kuban State University
Author for correspondence.
Email: saybel-natali@yandex.ru
Cand. Econ. Sci., associate professor of the Department of Theoretical Economics of the Economics Department of the Kuban State University
149, Stavropolskaya str., Krasnodar, 350040, Russian FederationA V Kovalchuk
Kuban State University
Email: kovalchukk98@yandex.ru
2-year student of the Faculty of Economics of “Business Informatics” specialty of the Kuban State University.
149, Stavropolskaya str., Krasnodar, 350040, Russian FederationReferences
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