THE IMPORTANCE OF COMMERCIAL BANKS IN THE ECONOMY AND THEIR PRINCIPLES OF OPERATION

Mualliflar

  • Shahnoza Otajanova Muallif

{$ Etel}:

economy, commercial banks, economic entities, banking operations, banking services, funds, market relations, surplus funds, production process, international banking practice.

Abstrak

This article presents various opinions and considerations on the role and importance of economics and commercial banks in the economy, based on analysis. These ideas are considered the foundation of development for all countries.

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Bibliografik havolalar

1. Decree of the President of the Republic of Uzbekistan No. DP-5992 of May 12, 2020 “On the strategy of reforming the banking system of the Republic of Uzbekistan for 2020- 2025”.

2. Lex.uz (2020a). Decree of the President of Uzbekistan on further development of tourism, no. 5611 from 5 January 2020. Retrieved from:

https://lex.uz/docs/4562382 (2.07.2020).

3. Aripov A.N., 2004. Problems of improving the management system in the field of information and communication. Abstract of the dissertation for the degree of Candidate of Economic Sciences. p-24;

4. Goldsmith, R. W. (1969). Financial Structure and Development. Yale University Press, pp. 120-145. Emphasizes the importance of financial intermediaries in mobilizing savings for productive investments and fostering economic growth.

5. McKinnon, R. I. (1973). Money and Capital in Economic Development. Brookings Institution Press, pp. 58-75. Introduces the concept of financial deepening and discusses the impact of a well-developed banking system on economic development.

6. Shaw, E. S. (1973). Financial Deepening in Economic Development. Oxford University Press, pp. 101-130. Explores financial repression and its effects on economic development, advocating for the liberalization of the financial sector.

7. Levine, R. (2005). Finance and Growth: Theory and Evidence. In Handbook of Economic Growth (Vol. 1, pp. 865-934). Elsevier. Provides empirical evidence on the relationship between banking sector development and economic growth, emphasizing the importance of efficient banking practices.

8. Rajan, R. G., & Zingales, L. (1998). Financial Dependence and Growth. American Economic Review, 88(3), 559-586. Investigates the influence of global financial integration on domestic financial markets and economic performance.

9. Berger, A. N., Molyneux, P., & Wilson, J. O. S. (2014). The Oxford Handbook of Banking (2nd ed.). Oxford University Press, pp. 234-276. Covers various aspects of banking operations, including risk management, regulatory compliance, and technological advancements.

10. International Monetary Fund (IMF). World Economic Outlook Reports. Various years, specific pages vary. Provides data and analysis on global economic trends, including the role of financial institutions.

Nashr qilingan

2024-06-14

Nashr

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