Institutional units within the monetary sector, which is also called the banking or financial system, are divided into two main groups: monetary authorities – a central (state, national) bank that issues the national currency, stores state gold and foreign exchange reserves and manages the entire monetary sector of the economy; commercial banks that attract depositors’ […]
Tag: Institutions
Types of transition periods
Transition periods are not a new phenomenon in the history of socio-economic development. There have been such periods before. It gives the ability to raise the question of the types of transition periods, their classification. Classification in science requires the allocation of the criterion by which it is carried out. However, the study of very […]