Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System
https://doi.org/10.21686/2413-2829-2021-1-14-20
Abstract
Topicality of the article can be explained by internal contradictory nature in today’s banking system structure, which impedes economic development of the country and thus should be overcome. Now the banking system belongs simultaneously to different structural parts of market. On the one hand, it forms an immanent element of the cash system, within the frames of which there can be no competition. On the other hand, it is included in national economy, where competitive relations are inalienable. The goal of the research is to identify this contradiction and to show the way of its overcoming in conditions of today’s cash system. The article used methods from general to particular, deduction and induction, unity of historical and logical and others. As a result the author came to the conclusion that contradictory nature of banks impeding the economic development of the country can be overcome by differentiating them in those, which will form the constitutional element of the cash system of the country and those, which will function as ordinary companies competing with each other in different lines and striving for growth by gaining profits.
About the Author
Yu. A. Kropin
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Yury A. Kropin Doctor of Economic, Professor of the Department for Financial Markets and Banks
49 Leningradskiy Avenue, Moscow, GSP-3, 125993
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Review
For citations:
Kropin Yu.A. Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System. Vestnik of the Plekhanov Russian University of Economics. 2021;18(1):14-20. (In Russ.) https://doi.org/10.21686/2413-2829-2021-1-14-20
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