GENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION

The article shows the conformity of the emission function of the Central Bank with the current essence of money. This function of the Central Bank, as well as the body itself appeared within the frames of the gold-standard monetary system, which stopped functioning in 1976. The author underlines the...

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Autor principal:	Yuriy A. Cropin
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2017
Materias:	money monetary system emission of cash obligatory booking refinancing Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/b28f26bba9544cd9a6aa9fc22977c780
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spelling	oai:doaj.org-article:b28f26bba9544cd9a6aa9fc22977c7802021-11-15T05:20:44ZGENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION2413-28292587-925110.21686/2413-2829-2016-4-56-64https://doaj.org/article/b28f26bba9544cd9a6aa9fc22977c7802017-09-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/180https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article shows the conformity of the emission function of the Central Bank with the current essence of money. This function of the Central Bank, as well as the body itself appeared within the frames of the gold-standard monetary system, which stopped functioning in 1976. The author underlines the fact that banking system is a derivative of the monetary system: the former is the part of the latter. Consequently, changing the system of more general order, i.e. monetary system should cause changes in the system of particular order, i.e. the banking system, changes in the emission function and some other instruments of the Central Bank. However, it did not take place and it has a negative impact on the development of the market but not on the condition of the Bank. Fixing organic conformity between these systems could start with scientific formulation of the question and its public discussion in literature. The aim of this article is to start such a discussion, to invite to discussion of this acute problem of establishing and functioning of the monetary and banking system.Yuriy A. CropinPlekhanov Russian University of Economicsarticlemoneymonetary systememission of cashobligatory bookingrefinancingEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 4, Pp 56-64 (2017)
institution	DOAJ
collection	DOAJ
language	RU
topic	money monetary system emission of cash obligatory booking refinancing Economics as a science HB71-74
spellingShingle	money monetary system emission of cash obligatory booking refinancing Economics as a science HB71-74 Yuriy A. Cropin GENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION
description	The article shows the conformity of the emission function of the Central Bank with the current essence of money. This function of the Central Bank, as well as the body itself appeared within the frames of the gold-standard monetary system, which stopped functioning in 1976. The author underlines the fact that banking system is a derivative of the monetary system: the former is the part of the latter. Consequently, changing the system of more general order, i.e. monetary system should cause changes in the system of particular order, i.e. the banking system, changes in the emission function and some other instruments of the Central Bank. However, it did not take place and it has a negative impact on the development of the market but not on the condition of the Bank. Fixing organic conformity between these systems could start with scientific formulation of the question and its public discussion in literature. The aim of this article is to start such a discussion, to invite to discussion of this acute problem of establishing and functioning of the monetary and banking system.
format	article
author	Yuriy A. Cropin
author_facet	Yuriy A. Cropin
author_sort	Yuriy A. Cropin
title	GENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION
title_short	GENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION
title_full	GENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION
title_fullStr	GENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION
title_full_unstemmed	GENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION
title_sort	genesis of money and organic nature of the central bank emission function
publisher	Plekhanov Russian University of Economics
publishDate	2017
url	https://doaj.org/article/b28f26bba9544cd9a6aa9fc22977c780
work_keys_str_mv	AT yuriyacropin genesisofmoneyandorganicnatureofthecentralbankemissionfunction
_version_	1718428770260484096

GENESIS OF MONEY AND ORGANIC NATURE OF THE CENTRAL BANK EMISSION FUNCTION

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