Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System

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 f...

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Main Author: Yu. A. Kropin
Format: Article
Language:Russian
Published: Plekhanov Russian University of Economics 2021-02-01
Series:Вестник Российского экономического университета имени Г. В. Плеханова
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Online Access:https://vest.rea.ru/jour/article/view/1001
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author Yu. A. Kropin
author_facet Yu. A. Kropin
author_sort Yu. A. Kropin
collection DOAJ
description 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.
format Article
id doaj-art-271e5fea4ea644559329295b86bdaf86
institution Kabale University
issn 2413-2829
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language Russian
publishDate 2021-02-01
publisher Plekhanov Russian University of Economics
record_format Article
series Вестник Российского экономического университета имени Г. В. Плеханова
spelling doaj-art-271e5fea4ea644559329295b86bdaf862025-08-20T03:36:48ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512021-02-01181142010.21686/2413-2829-2021-1-14-20787Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash SystemYu. A. Kropin0Financial University under the Government of the Russian FederationTopicality 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.https://vest.rea.ru/jour/article/view/1001gold-based and contemporary (market) cash systemscale of cash unitbanksnational bank systemrussian and neo-liberal school of economic thought
spellingShingle Yu. A. Kropin
Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System
Вестник Российского экономического университета имени Г. В. Плеханова
gold-based and contemporary (market) cash system
scale of cash unit
banks
national bank system
russian and neo-liberal school of economic thought
title Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System
title_full Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System
title_fullStr Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System
title_full_unstemmed Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System
title_short Contradictory Nature of Banks and its Overcoming in Conditions of Today’s Cash System
title_sort contradictory nature of banks and its overcoming in conditions of today s cash system
topic gold-based and contemporary (market) cash system
scale of cash unit
banks
national bank system
russian and neo-liberal school of economic thought
url https://vest.rea.ru/jour/article/view/1001
work_keys_str_mv AT yuakropin contradictorynatureofbanksanditsovercominginconditionsoftodayscashsystem