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Qualitative Transformation National Banking System

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DOI: 10.23977/ceed.2019.009

Author(s)

Kropin Yuri Anatolyevich

Corresponding Author

Kropin Yuri Anatolyevich

ABSTRACT

The subject of the research is the qualitative transformation of the national banking system, the beginning of which can be a revelation of its real nature in modern conditions. The purpose of the article is to reveal the view of the Russian school of economic thought on the essence of the banking system, which is positioned by it not as a branch of the national economy, but as an integral part of the country's monetary system. In this regard, the article argues that the purpose of the functioning of the banking system in modern conditions should be not getting its own profit, but providing conditions for creating a national gross income. The peculiarity of the article’s methodology is that the nature of the banking system is determined not from the point of view of its external manifestation and perception, but from the point of view of its deep essence. Accordingly, the article focuses on the use of the method of deduction, not induction. As a result of the study, it was concluded that it was necessary to bring the current structure of the national banking system into conformity with the type of modern monetary system that has a market character. In practice, this correspondence can be achieved through such a qualitative transformation of the banking system, as a result of which it will become national in essence, private in content, state in form.

KEYWORDS

Monetary System of The Country, National Banking System, Central Bank, Commercial Banks, Russian School of Economic Thought

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