Effective mechanism of "savings - investment": Experience of Iceland

Abstract

In modern conditions of deficiency of investment resources in the Russian economy is of particular practical importance of the analysis of the successful economic model to attract domestic savings of the population, as one of the major sources of investment. In article on the basis of comparative and econometric methods, analyzes the factors and prerequisites for creation of reliable and effective mechanism of "savings - investment by the example of the economy of Iceland. The aim of this study is the understanding of the prerequisites and conditions which create successful policy of attraction of population's savings in the economy. The conclusion is that in the conditions of growing crisis developments, the establishment of a sustainable mechanism savings - investments" is possible only if the implementation of an effective social policy in conjunction with the development of the financial system.

Keywords

• population's income
• savings
• investments
• social policy
• banking and financial system