THE ROLE OF THE BANKING SYSTEM IN ECONOMIC DEVELOPMENT
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Ключевые слова

Banking system, economic development, financial stability, lending, investment, monetary circulation, commercial banks, central bank, economic growth, digital banking services, financial resources, entrepreneurship support, social welfare, economic policy.

Аннотация

This article analyzes the role of the banking system in economic development and its primary functions. It highlights that the banking system, as a vital component of the economy, plays a crucial role in regulating monetary circulation, allocating financial resources, implementing lending processes, and stimulating investment activity.

Furthermore, the significance of the banking system in ensuring financial stability and its contribution to enhancing social welfare are also examined. This article also discusses the development of modern banking services, the implementation of digital technologies, and their impact on economic processes.

Overall, it substantiates that the efficient functioning of the banking system is a fundamental factor in ensuring the country's economic growth.

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Библиографические ссылки

Benedek, D., & Hanzl, P. (2018). The Role of Banking Systems in Economic Development. Journal of Economic Studies, 45(2), 122-135.

Shiller, R. (2012). Financial Markets and the Economy. Yale University Press.

Stiglitz, J. E., & Weiss, A. (1981). Credit Rationing in Markets with Imperfect Information. American Economic Review, 71(3), 393-410.

Mamatov A. Moliya va kredit tizimi. Toshkent: Iqtisod-moliya.

Nurmuhamedov Sh. Bank tizimi va uning iqtisodiyotdagi o‘rni. Toshkent.

Murodov B. Iqtisodiyot nazariyasi. Toshkent.

Jahon banki (World Bank) hisobotlari va tahliliy materiallari.