Template-Type: ReDIF-Article 1.0
Author-Name: Polishchuk A.
Author-Email: boroninala@mail.ru
Author-Workplace-Name: Budget and Treasury Academy of the Ministry of Finance of the Russian Federation
Title: The Russian Financial System: the Historic Independence and Unity of the Monetary and the Exchange Systems
Abstract: The main theme of the article is the history of the Russian financial system. The article author examines several hypotheses of the Russian Ruble origin and proves that the first currency system in the world was based on the use of the silver, and not gold, standard. The researcher dwells on the Russian gold mining history, makes a comparative analysis and suggests a definition for the modern monetary system. It is defined as an absolute unity of relationships that exist in the banking, monetary and financial systems.
Classification-JEL:
Keywords: monetary system, currency system, Hryvna, half a Byzantine litra (pound), thaler, Ruble origin, silver standard, gold standard
Journal: Finansovyj žhurnal — Financial Journal
Pages: 155-164
Issue: 2
Year: 2010
Month: April
File-URL: http://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2010/2/statii/100616.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:100216:p:155-164