TO THE QUESTION ABOUT THE CONFIGURATION OF THE BANKING SECTOR IN THE MODERN MONETARY SYSTEM

Abstract

The subject of the article is the configuration of the banking sector. Most often, the problems of the organization and functioning of this sphere are viewed from the standpoint of the external logic of things and the established notion of it as the aggregate of commercial banks under the central bank's regulatory head. Meanwhile, this approach is not relevant. This article discloses the approach to the banking sector as part of the country's monetary system. The purpose of the article is to focus attention on the fact that the change in the type of monetary system by the decision of the international Jamaica conference should entail an adequate transformation of the banking sphere, which practically did not happen; as a result, a contradiction arose, requiring its realization. When disclosing the subject of research and presenting the material, methods were used from general to particular, deduction and induction, organic sequence and a number of other scientific methods. As a result of the research, it was concluded that it is necessary to overcome the contradiction between the modern monetary system and the existing configuration of the banking sector. The field of application of the results of the article is the banking sphere. The practical task stemming from the content of the article is reduced to the need to ensure an organic correspondence between the general – the monetary system of the country and the private-banking sphere.

Keywords

• monetary system
• banking sector
• central bank
• competition in the banking sector
• aggregate market coins
• national market coin
• national currency