Klapper, Leora; Lusardi, Annamaria; Panos, Georgios A. - Economics Research, World Bank Group - 2012
The ability of consumers to make informed financial decisions improves their chances of having sound personal finance. This paper uses a panel dataset from Russia, where consumer loans grew at an astounding rate -- from about US$10 billion in 2003 to over US$170 billion in 2008 -- to examine the...