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Finance and Credit
 

The role of efficient households functioning in keeping the balance of the state financial system

Vol. 16, Iss. 23, JUNE 2010

Available online: 27 May 2010

Subject Heading: ECONOMIC QUESTION

JEL Classification: 

Elkanova Y.E. graduate student of chair «banking case» Russian economic academy by G.V.Plechanov
kitchen@list.ru

The article deals with present-day definition of such notions as «household» and «household finances». The author gives the reasons that determine the utmost importance of efficient functioning of households in the national economy by explaining the main functions of households. Besides, the article contains the arguments that point to the importance of households’ saving function allowing to considerably mitigating the influence of crisis tendencies in the economy, which is a burning problem for Russia’s financial system at the present stage of development.

Keywords: Financial system, household finances, market economy, social position, saving function

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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