History of the Bukhara branch of the Azov-Don commercial bank

The article investigates foundations of work and functions of the Bukhara branch of the Azov-Don commercial bank. In soviet historiography banks were considered as colonialism tools (both Western and Russian). On the basis of archive data the author proves that finance institutions of the Russian Em...

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Autor principal:	B. A. Alimdjanov
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2018
Materias:	bukhara turkestan empire capitalism modernization Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/4adf27c26b7e4edd98b608a0e6e83416
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spelling	oai:doaj.org-article:4adf27c26b7e4edd98b608a0e6e834162021-11-15T05:20:47ZHistory of the Bukhara branch of the Azov-Don commercial bank2413-28292587-925110.21686/2413-2829-2018-5-199-207https://doaj.org/article/4adf27c26b7e4edd98b608a0e6e834162018-10-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/583https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article investigates foundations of work and functions of the Bukhara branch of the Azov-Don commercial bank. In soviet historiography banks were considered as colonialism tools (both Western and Russian). On the basis of archive data the author proves that finance institutions of the Russian Empire took into account the local specificity and stimulated production of export-oriented goods. The author uses inter-bank correspondence, annual reports of the branch director and materials of the Bukhara branch audit. For the first time active and passive bank transactions were researched, expenses and incomes of the bank were analyzed and personnel of the bank was studied. The author, in contrast to soviet and post-soviet researchers thinks that banks were not monopolists in economy of the Middle East. The Azov-Don bank had got a broad network of branches (4 branches) in the Middle East region. It tried to take in hand the export of cotton and fruit but could not become a monopolist in economic life of Turkestan. The principle cause of ‘failure’ according to the author was the adjustment of the bank to real economic relations in the Turkestan Governorship-General and khanates. Modernization of Central Asia economy, according to banks implied financing of export crops and intermediary between the metropolitan country and periphery. ‘Colonial’ periphery seemed to be an appealing field for investment and super-profit, but speculative nature of Turkestan economy stopped banks’ development. As a result economic modernization of the Middle East slowed down and opened the way to the soviet experiment.B. A. AlimdjanovPlekhanov Russian University of EconomicsarticlebukharaturkestanempirecapitalismmodernizationEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 5, Pp 199-207 (2018)
institution	DOAJ
collection	DOAJ
language	RU
topic	bukhara turkestan empire capitalism modernization Economics as a science HB71-74
spellingShingle	bukhara turkestan empire capitalism modernization Economics as a science HB71-74 B. A. Alimdjanov History of the Bukhara branch of the Azov-Don commercial bank
description	The article investigates foundations of work and functions of the Bukhara branch of the Azov-Don commercial bank. In soviet historiography banks were considered as colonialism tools (both Western and Russian). On the basis of archive data the author proves that finance institutions of the Russian Empire took into account the local specificity and stimulated production of export-oriented goods. The author uses inter-bank correspondence, annual reports of the branch director and materials of the Bukhara branch audit. For the first time active and passive bank transactions were researched, expenses and incomes of the bank were analyzed and personnel of the bank was studied. The author, in contrast to soviet and post-soviet researchers thinks that banks were not monopolists in economy of the Middle East. The Azov-Don bank had got a broad network of branches (4 branches) in the Middle East region. It tried to take in hand the export of cotton and fruit but could not become a monopolist in economic life of Turkestan. The principle cause of ‘failure’ according to the author was the adjustment of the bank to real economic relations in the Turkestan Governorship-General and khanates. Modernization of Central Asia economy, according to banks implied financing of export crops and intermediary between the metropolitan country and periphery. ‘Colonial’ periphery seemed to be an appealing field for investment and super-profit, but speculative nature of Turkestan economy stopped banks’ development. As a result economic modernization of the Middle East slowed down and opened the way to the soviet experiment.
format	article
author	B. A. Alimdjanov
author_facet	B. A. Alimdjanov
author_sort	B. A. Alimdjanov
title	History of the Bukhara branch of the Azov-Don commercial bank
title_short	History of the Bukhara branch of the Azov-Don commercial bank
title_full	History of the Bukhara branch of the Azov-Don commercial bank
title_fullStr	History of the Bukhara branch of the Azov-Don commercial bank
title_full_unstemmed	History of the Bukhara branch of the Azov-Don commercial bank
title_sort	history of the bukhara branch of the azov-don commercial bank
publisher	Plekhanov Russian University of Economics
publishDate	2018
url	https://doaj.org/article/4adf27c26b7e4edd98b608a0e6e83416
work_keys_str_mv	AT baalimdjanov historyofthebukharabranchoftheazovdoncommercialbank
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History of the Bukhara branch of the Azov-Don commercial bank

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