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THE CONCEPT OF FINANCE AND THE STAGES OF ITS FORMATION

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Scientific electronic journal "Digital Economy"

Scientific electronic journal "Digital Economy"

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This article explores the concept of finance and the key stages in the historical development of financial systems and practices. By tracing the evolution of finance from ancient times to the modern era, it identifies critical milestones such as the advent of money, banking, joint-stock companies, central banks, stock markets, and sophisticated financial instruments. The analysis highlights how each stage built upon prior innovations, enabling more complex financial transactions and laying the groundwork for the emergence of global financial markets in recent times. The article concludes that understanding the historical arc of finance provides valuable context for grappling with the challenges and opportunities presented by today's financial landscape

AUTHORS

A.Xikmatov

Digital Economy, Bukhara State University

N.Giyazova

Department of Economics, Bukhara State University

Tags

# деньги# bank# money# finance# финансы# financial markets# финансовые рынки# moliya# pul# banking# financial instruments# moliya bozorlari# financial history# moliya tarixi# финансовая история# банковское дело

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Article Identifiers

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https://eroi.uz/11.0142/A0724-0070

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Not Available

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