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Finance and Credit
 

Analysis of methodical approaches to development of indicators of financial literacy of population

Vol. 19, Iss. 12, MARCH 2013

Available online: 28 March 2013

Subject Heading: Financial system

JEL Classification: 

Alifanova E.N. Doctor of Economics, Professor, Dean of Financial faculty, the Rostov State Economic University
alifanovaen@mail.ru

Evlakhova Yu.S. PhD in Economics, Associate Professor, Department «Corporate Finance and Financial Management», the Rostov State Economic University
evlahova@yandex.ru

In the article the techniques of measurement of level of financial literacy of the population developed by domestic and foreign scientists are systematized and analyzed. The conclusion is drawn on existence of two methodical approaches: the first assumes development of the uniform indicator, the second – a complex of indicators of financial literacy of the population. The research of their advantages and shortcomings allowed to determine the great practical value of the approach focused on development of a complex of indicators of financial literacy.

Keywords: financial literacy of population, indicators of financial literacy of population, financial literacy index

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

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