Тип публикации: статья из журнала
Год издания: 2022
Идентификатор DOI: 10.13187/BG.2022.1.267
Ключевые слова: abuse, banking and credit system, financial fraud, insolvency (bankruptcy), mutual credit societies, private banks
Аннотация: The article is devoted to one of the topics in the history of the banking and credit system of Russia in the 19th - early 20th centuries - bankruptcy of financial institutions. This issue is important, since both the own bankruptcy of credit institutions and their participation in the bankruptcy of other persons is transformed intoПоказать полностьюchanges in the commodity market, ultimately affecting the entire economic system of the country. The angle of the undertaken research is shifted to the poorly studied segment of private banks - mutual credit societies (1864-1917), focused on the small and middle bourgeoisie, urban and rural entrepreneurs. By the nature of their financial operations, they approached joint-stock commercial banks, served the same sphere of the economy (trade and industry). The main attention is paid to the analysis of the normative definition of the rights and obligations of mutual credit societies as a necessary condition for their effectiveness. Based on the achievements of modern historiography and a set of diverse sources, the authors of the article illustrate external (specific socio-economic conditions, a gap in the legal regulation of the banking and credit system) and internal (the propensity for adventures and speculative transactions of the heads of mutual credit societies, ignorance in the financial transactions of depositors) factors that, directly or indirectly, created a field for arbitrariness and abuse, resulted in the liquidation or bankruptcy of mutual credit societies. Copyright © 2022 by Cherkas Global University
Журнал: Bylye Gody
Выпуск журнала: Vol. 17, Is. 1
Номера страниц: 267-276
ISSN журнала: 20739745
Издатель: International Network Center for Fundamental and Applied Research