Contemporary boom of Russia consumer lending: improving the efficiency of social lending as a measure of countercyclical regulation

SHAFIROV L.A.
member of the Legislative Assembly of the Rostov region, candidate of sociological sciences, Executive Master of Business Administration (MBA) in Financial Service and Insurance, degree has been conferred by the Universities of St. Gallen (Switzerland), HEC (Montreal, Canada) and by the Vlerick Leuven Gent Management School (Gent, Belgium)

TERRA ECONOMICUS, 2013, Vol. 11 (no. 1.2),

p. 34-42

The paper presents the main features of the modern boom in consumer lending in Russia. Measures for the countercyclical regulation of consumer lending to households are proposed to consider in the context of the financial instability hypothesis H. F. Minsky and in the context of the need to improve social efficiency of consumer credit.

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Keywords: credit; consumer credit; lending to individuals; social efficiency; institutes; counter-cyclical regulation; the purpose of the loan; credit expansion; discretionary income; household; development finance

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606