Banking Under the Tsars and the Soviets
Bibliographic Data
| ID | 10096055 |
|---|---|
| Authors | George Garvy (Federal Reserve Bank of New York, corresponding author) |
| Year | 1972 |
| Volume | 32 |
| Issue | 4 |
| Pages | 869-893 |
| Publication date | 1972-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050700071187 |
| OpenAlex | W2016278811 |
| Language | EN |
| Citations received | 5 |
| References cited | 13 |
When examining the various aspects of Soviet society, and looking back at its antecedents in pre-revolutionary Russia, a certain continuity in institutions and economic policies emerges. This is in particular true in the area of banking and credit. The Soviet banking system, as it evolved after the October revolution, and, more specifically, after the credit reforms of 1930–1932, is unique in many respects. Surely, there are examples in non-socialist countries of banking institutions which combine central banking and commercial banking. In many cases, central banks of the less developed countries have assumed a leading role in implementing development programs and in creating the required financial institutions, instruments, and markets. In some leading industrial countries, such as France and Italy, as well as in a number of the newer countries, large commercial banks are owned by the government. The uniqueness of the Soviet banking system lies in the complete integration of monetary processes within the system of central planning, the credit monopoly of the State Bank of the Soviet Union ( Gosbank ) and its broad control powers over the performance of the entire state-owned segment of the economy
Banking Union · Business · Economic policy · Economic system · Economics · Economy · European union · Financial system · Government (linguistics · Market economy · Monopoly · Planned economy · Political science · Politics · Soviet union · State (computer science · Law · Russia and Soviet political economy
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| Unique citing works | 5 |
|---|---|
| Citations per year | 0,1 |
| Citation span | 1976 - 2025 (50) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |