THE EVOLUTION OF BANKING SYSTEM
Keywords:
Banking history, financial evolution, deposit taking, lending, central banking, digital banking, fintech.Abstract
This article explores the fascinating journey of banking systems, tracing their evolution from the rudimentary practices of ancient civilizations to the sophisticated digital landscape of today. We delve into the core functions of banking that have remained constant throughout history – safekeeping deposits and facilitating loans – while highlighting the dramatic changes in technology, accessibility, and financial instruments that have transformed the way we interact with money.
References
• Jeanne Gobat “Banks: At the heart of the matter” 2024 / https://www.imf.org
• Andrew Beattie “The evolution of the banking over time” 2023 / https://www.investopedia.com
• Board of Governors of the Federal Reserve System https://www.federalreserve.gov/
• Čihák, M. (2012). Money and banking. John Wiley & Sons. [This is a textbook reference, you can replace it with a more general reference on the history of banking if needed]
• The European Commission https://commission.europa.eu/index_en (2024). A Digital Strategy for Finance [Report]
Абидова, М. А. (2021). РОЛЬ КУЛЬТУРЫ РУКОВОДСТВА В ПОВЫШЕНИИ ЭФФЕКТИВНОСТИ УПРАВЛЕНИЯ ПРЕДПРИЯТИЯМИ. In Colloquium-journal (No. 34 (121), pp. 22-24). Голопристанський міськрайонний центр зайнятості.
