Development of the economy and financial market of the Republic of Belarus in behavioral and paternalistic paradigm
Keywords:
paternalism, trust, financial literacy, behavioral economics, rational and irrational behavior of economic agents, financial behavior, «nudge»Abstract
Based on the analysis of the report on the assessment of financial literacy of the Belarusian population for the period 2020 - 2024, the author concludes that there is a high demand of the country's residents for paternalism. Further research on this topic will be carried out in the direction of searching for the optimal paternalism regime taking into account the principles of behavioral economics for the stable development of the economy and financial market of Belarus. The author concludes that the categories of behavioral economics, paternalism and trust have a close relationship and the prospect of conceptual interaction.
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