THE ROLE OF BANKS IN THE MODERN MONETARY SYSTEM

Sharipova, Nigina Djurakulovna and Asadova, Sabina Djakhongirovna (2023) THE ROLE OF BANKS IN THE MODERN MONETARY SYSTEM. Procedia of Theoretical and Applied Sciences, 6. pp. 55-62. ISSN 2795-5621

Text 55-62+THE+ROLE+OF+BANKS+IN+THE+MODERN+MONETARY+SYSTEM.pdf Download (241kB)

Abstract

In the modern monetary system, banks play a critical role in facilitating the flow of money, implementing monetary policy, and promoting economic growth. Commercial banks provide financial services to individuals and businesses, while central banks oversee the stability of the monetary system and use various tools to control the money supply. However, banks face significant challenges in the form of technological disruption and regulatory changes, which require them to innovate and adapt to the changing landscape. The future of banking will involve a greater focus on digital transformation, risk management, and customer-centricity.

Item Type:	Article
Subjects:	L Education > L Education (General)
Depositing User:	Journal Editor
Date Deposited:	03 May 2023 03:41
Last Modified:	03 May 2023 03:41
URI:	http://eprints.umsida.ac.id/id/eprint/11531

Actions (login required)

View Item