Growth in Consumer Lending as a Temporary Source of Well-Being

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 23, pp. 5-8

3 Pages Posted: 23 Jan 2018

See all articles by Michael Khromov

Michael Khromov

Gaidar Institute for Economic Policy

Date Written: 2017

Abstract

Recovery of consumer lending has facilitated growth in expenditures on ultimate consumption and brought about stability of households’ savings amid the ongoing decline of real incomes. However, in the long-term prospect this situation will put at risk both the fi nancial stability of households and the resource base of the banking sector.

Keywords: Russian economy, consumer lending

JEL Classification: D14, D19

Suggested Citation

Khromov, Michael, Growth in Consumer Lending as a Temporary Source of Well-Being (2017). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 23, pp. 5-8, Available at SSRN: https://ssrn.com/abstract=3102909 or http://dx.doi.org/10.2139/ssrn.3102909

Michael Khromov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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