The Role of Trust in the Choice Between Private and State-Controlled Banks: Evidence From Russian Retail Deposit Market

Student: Kryuchkova Elena

Educational Programme: Economics (Bachelor)

Final Grade: 7

Year of Graduation: 2018

In the modern world it is difficult to overestimate the importance of trust. Changes in the level of institutional trust affect the effectiveness of different social, economic and political institutions, including financial ones. This paper analyzes the impact of bank trust and government trust on savings behavior of Russian households. We use the regional statistics and survey data from 2009 to 2014 years. It was proved that an increase in the level of trust affects growth rate of ruble deposits positively. Moreover, we show that Russian depositors prefer government banks because of the low level of banks trust.

Full text (added May 10, 2018)

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