In world practice there are the following banking systems:
1) two-level: 1st level – Central Bank, 2nd level – commercial banks;
2) a decentralized banking system of the United States – the US Federal Reserve;
3) centralized state banking system of command economies (USSR and other former and present socialist countries). Continue reading
The securities market is similar to the market of any other commodity, but it also has its own characteristics, which are determined by the specifics of the commodity, the method of education, the nature of circulation. It is part of the financial market.
The main purpose of the securities market is to accumulate temporarily free funds in order to invest them. To accomplish this goal, the securities market performs certain general market and specific functions. Continue reading
During the years of the crisis, which has lasted since 2014, the financial and economic sector has been severely shaken. After the introduction of restrictive sanctions, the deterioration of the life of the population, constant jumps and the growth of currency rates, reduction of gold and currency standards by 80 billion dollars, the efficiency of banks has sharply decreased. Unable to withstand the economic pressure, about 120 banks closed over two years and today their number was about 714. Continue reading