Finance Literacy, Finance Trust and Finance Fraud

Improving finance literacy of the population is a tool of the state struggle against finance fraud. However, the real goal of programs of finance literacy of the population is, as a rule an objective need to control finance behavior of the population by offering people certain ways of keeping money,...

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Autores principales:	V. A. Galanov, A. V. Galanova
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2020
Materias:	finance education finance trust finance confidence capital profit Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/29430ca773cf45809ebc10248672616c
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spelling	oai:doaj.org-article:29430ca773cf45809ebc10248672616c2021-11-15T05:20:49ZFinance Literacy, Finance Trust and Finance Fraud2413-28292587-925110.21686/2413-2829-2020-3-157-165https://doaj.org/article/29430ca773cf45809ebc10248672616c2020-05-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/877https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251Improving finance literacy of the population is a tool of the state struggle against finance fraud. However, the real goal of programs of finance literacy of the population is, as a rule an objective need to control finance behavior of the population by offering people certain ways of keeping money, its investing and such spending, which can turn the process of private consumption into the process of profit gaining and increase the involvement of all layers of the population that depend on goals and values of global capital into debt relations. The authors analyze interrelations between finance literacy of the population and a rise in trust, confidence to finance science, practice and to professional participants of finance market. They found the dependence of the level of finance trust in professionals of finance markets on the level of finance literacy of the population. At the same time it was pointed out that the growth in finance trust in society can become a nutrient medium for finance fraud, which in its turn affects the population irrespective of the level of people’s finance literacy. The authors underline, that though the rise in finance literacy of the population is a positive phenomenon, it is always accompanied by the growth in finance fraud.V. A. GalanovA. V. GalanovaPlekhanov Russian University of Economicsarticlefinance educationfinance trustfinance confidencecapitalprofitEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 3, Pp 157-165 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	finance education finance trust finance confidence capital profit Economics as a science HB71-74
spellingShingle	finance education finance trust finance confidence capital profit Economics as a science HB71-74 V. A. Galanov A. V. Galanova Finance Literacy, Finance Trust and Finance Fraud
description	Improving finance literacy of the population is a tool of the state struggle against finance fraud. However, the real goal of programs of finance literacy of the population is, as a rule an objective need to control finance behavior of the population by offering people certain ways of keeping money, its investing and such spending, which can turn the process of private consumption into the process of profit gaining and increase the involvement of all layers of the population that depend on goals and values of global capital into debt relations. The authors analyze interrelations between finance literacy of the population and a rise in trust, confidence to finance science, practice and to professional participants of finance market. They found the dependence of the level of finance trust in professionals of finance markets on the level of finance literacy of the population. At the same time it was pointed out that the growth in finance trust in society can become a nutrient medium for finance fraud, which in its turn affects the population irrespective of the level of people’s finance literacy. The authors underline, that though the rise in finance literacy of the population is a positive phenomenon, it is always accompanied by the growth in finance fraud.
format	article
author	V. A. Galanov A. V. Galanova
author_facet	V. A. Galanov A. V. Galanova
author_sort	V. A. Galanov
title	Finance Literacy, Finance Trust and Finance Fraud
title_short	Finance Literacy, Finance Trust and Finance Fraud
title_full	Finance Literacy, Finance Trust and Finance Fraud
title_fullStr	Finance Literacy, Finance Trust and Finance Fraud
title_full_unstemmed	Finance Literacy, Finance Trust and Finance Fraud
title_sort	finance literacy, finance trust and finance fraud
publisher	Plekhanov Russian University of Economics
publishDate	2020
url	https://doaj.org/article/29430ca773cf45809ebc10248672616c
work_keys_str_mv	AT vagalanov financeliteracyfinancetrustandfinancefraud AT avgalanova financeliteracyfinancetrustandfinancefraud
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Finance Literacy, Finance Trust and Finance Fraud

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