Central Credit Institution: Forgotten History and Possible Innovations in Modern Conditions
https://doi.org/10.26794/2587-5671-2023-27-5-67-75
Abstract
The subject of the study is the historical experience of creating the Central Credit Institution of urban public banks of the Russian Empire and the possibility of its application in modern conditions.
The purpose of the study is to develop practical measures to create a special banking association of local banks on the terms formulated by the Bank of Russia for the purpose of discussion with financial market participants, representatives of the expert and scientific community’s.
The relevance of the study is due to the request of the Bank of Russia, the Association of Banks of Russia in the search for new approaches to expanding the development potential of local banks through the creation of special banking associations. The United State Archives of the Orenburg Region served as the research location. The research methodology is based on the use of historical and logical analysis methods. The development of the Central Credit Institution of urban public banks at the beginning of the last century was studied in relation to its historical context and various stages of preparation. The surviving justifications, draft constituent documents, draft charter may be of interest when developing specific practical proposals for the creation of a special banking association of modern local banks with them accepting joint liability for each other’s obligations, maintaining partial operational independence and delegating a number of functions to the parent bank. It is concluded that the results of the study can be applied by the Bank of Russia, the Association of Banks of Russia and proactive local banks to develop practical measures for the creation of a special banking association of local banks declared by the Bank of Russia.
About the Author
T. N. Zverkova
Orenburg State University
Russian Federation
Competing Interests:
Russian Federation
Tatiana N. Zverkova — Can. Sci. (Econ.), Assoc. Prof., Department of Banking and Insurance
Orenburg
Competing Interests:
The author has no conflicts of interest to declare.
References
1. Barsukov M. V. Issues of development of regional banking systems. In: Regional economics: Sources of growth. Coll. sci. pap. Kursk: Kursk State University; 2020:36–39. (In Russ.).
2. Sedykh N. V. Prospects for regional banks’ development in modern conditions of the Russian banking system transformation. Finansy i kredit = Finance and Credit. 2019;25(5):1086–1100. (In Russ.). DOI: 10.24891/fc.25.5.1086
3. Yanova S. Yu., Klochkova E. N., eds. Financial market: A new paradigm of development in the context of economic transformation. St. Petersburg: St. Petersburg State University of Economics; 2022. 211 p. (In Russ.).
4. Donetskova O. Yu., Pluzhnik A. B. The interaction of bank and real sectors of the economy: Status and prospects. Azimut nauchnykh issledovanii: ekonomika i upravlenie = ASR: Economics and Management (Azimuth of Scientific Research. 2019;8(3):163–167. (In Russ.). DOI: 10.26140/anie-2019–0803–0039
5. Nikitina E. B., Shirobokova E. S. Regional banks as the separate cluster in economy. Razvitie i aktual’nye voprosy sovremennoi nauki. 2018;(5):146–154. (In Russ.).
6. Yakubenko V. V. Directions for increasing the efficiency of regional commercial banks. Moscow: RuScience; 2022. 170 p. (In Russ.).
7. Laushuk D. The establishment of the first city public bank in Gomel and its contribution to the development of the city’s infrastructure in the late XIX — early XX century. In: States of Central and Eastern Europe in historical perspective. Coll. sci. pap. based on conf. mat. Pinsk: Polessky State University; 2022:344–346. URL: https://rep.polessu.by/bitstream/123456789/24909/1/Uchrezhdenie.pdf (In Russ.).
8. Vasiliev Ya. A. Novgorod city public bank (1866 — the beginning of the twentieth century). Uchenye zapiski Novgorodskogo gosudarstvennogo universiteta = Memoirs of NovSU. 2022;(4):393–396. (In Russ.). DOI: 10.34680/2411–7951.2022.4(43).393–396
9. Nazyrova E. A., Shelkopliasova N. I. Urban public banks as an element of the banking system of the Russian Empire in the second half of the XIX century Vestnik Tul’skogo filiala Finuniversiteta. 2020;(1):345–347. (In Russ.).
10. Kovrov T. A. From the daily activities of city public banks in the Vladimir and Kostroma provinces. Vestnik Ivanovskogo gosudarstvennogo universiteta. Seriya: Gumanitarnye nauki = Bulletin of the Ivanovo State University. Series: Humanities. 2019;(49):45–51. (In Russ.).
11. Khuzhakhmetova G. N. The economic policy of the Bashkir government in 1917. Regional’naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice. 2020;18(1):195–204. (In Russ.). DOI: 10.24891/re.18.1.195
12. Vasilyev Ya. A. Evolution of regional credit institutions (on the example of Novgorod province of the 19th — early 20th centuries). Ekonomicheskaya istoriya: ezhegodnik. 2021;2020:207–248. (In Russ.).
13. Sharybar S. V. Historical transformations of the banking system in Russia: Regional aspect. In: The monetary system of Russia: History, modernity and development prospects. Coll. sci. pap. based on the mat. Int. sci.pract. conf. (Novosibirsk, October 31 — November 01, 2019). Novosibirsk: Siberian Academy of Finance and Banking; 2019:5–10. (In Russ.).
14. Bulycheva E. V. On the Russian experience of banks performing a social function. Shag v nauku = Step to Science. 2022;(1):40–44. (In Russ.).
15. Smirnova N. S. Charitable capital of the Vologda city public bank in the second half of the 19th — early 20th centuries. In: Scientific dialogue: Issues of philosophy, sociology, history, political science. Coll. sci. pap. based on the mat. 21st Int. sci. conf. (St. Petersburg, June 01, 2020). St. Petersburg: International United Academy of Sciences; 2020:53–54. (In Russ.).
16. Plotnikova E. V. The bank at the orphan’s house of E. Medvednikova: Legal aspect and the process of the struggle for independence from the Irkutsk city Duma in the first half of XIX — early XX century. Izvestiya laboratorii drevnikh tekhnologii = Reports of the Laboratory of Ancient Technologies. 2019;(1):123–132. (In Russ.). DOI: 10.21285/2415–8739–2019–1–123–132
17. Smirnova N. S. Social assistance to the population of the Vologda province from the city bank in the prerevolutionary period. In: Innovative ideas of young researchers. Coll. sci. pap. based on the mat. 5th Int. sci.pract. conf. (Ufa, May 11, 2021). Ufa: Vestnik nauki; 2021:70–73. (In Russ.).
18. Vasiliev Ya.A., Evstigneev Yu. F. Using the experience of urban public banks of the Russian Empire in modern conditions. In: Coll. pap. based on the mat. 3rd Interreg. sci.-pract. conf. “Current problems of the humanities, social and economic sciences: Issues of theory and practice” (Velikiy Novgorod, April 24–25, 2014). Velikiy Novgorod: Russian State University of Innovative Technologies and Entrepreneurship Veliky Novgorod Branch; 2014:55–59. URL: https://www.in-nov.ru/doc/2014.3conf/sbornik-ap-gsen-2014_v4.pdf (In Russ.).
19. Kapanina T. S. On operations conducted by city public banks in Russian Empire. Vestnik Gosudarstvennogo sotsial’no-gumanitarnogo universiteta = Bulletin of the State University of Humanities and Social Studies. 2021;(3):26–30. (In Russ.).
20. Nazyrova E. A., Shelkopliasova N. I. Genesis of the system of Russian urban public banks in the middle of 19th — e arly 20th centuries. Vestnik Tul’skogo filiala Finuniversiteta. 2019;(1–2):200–202. (In Russ.).
Review
For citations:
Zverkova T.N. Central Credit Institution: Forgotten History and Possible Innovations in Modern Conditions. Finance: Theory and Practice. 2023;27(5):67-75. https://doi.org/10.26794/2587-5671-2023-27-5-67-75
Views:
725
Email this article 