The formation of positive expectations as a way to increase savings and legal culture
The article deals with the positive expectations factors stimulating saving behavior. The author examines institutional and legal aspects of savings and comes to the conclusion that further improvement of savings protection is required. It's advisable to regulate the consumer rights competence of state bodies (the Ministry of Finance of the Republic of Belarus, the National Bank of the Republic of Belarus). The author argues the feasibility of a financial ombudsman authorized to resolve minor disputes between consumers of financial services (banking, insurance, etc.) and organizations that provide such services. It's proposed to sponsor this institute by annual fees contributed by financial institutions.