The Evolution of Commercial Credit and Formation of Credit Market
Abstract
The article is devoted to the evolution of commercial credit and its integrating role in the process of credit system formation. The early basic forms of credit working for domestic and international trade have been described, to investigate the origin of primary financial instruments. It is argued that operations with bills of exchange and promissory notes have shaped credit market and changed the main features of banking in the Middle Ages.
Keywords:
credit theory
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References
Литература на русском языке
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References in Latin Alphabet
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Translation of references in Russian into English
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Published
2008-06-30
How to Cite
Канаев, А. В. (2008). The Evolution of Commercial Credit and Formation of Credit Market. St Petersburg University Journal of Economic Studies, (2), 091–105. Retrieved from https://economicsjournal.spbu.ru/article/view/4063
Issue
Section
Finance, Credit, Insurance
License
Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.
