34

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

  • Название журналаRaqamli iqtisodiyot
  • Номер выпуска7-son
  • Количество просмотров 34
  • Количество прочтений 34
  • Дата публикации 05-07-2024
  • Язык статьиIngliz
  • Страницы673-679
English

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

Ўзбек

Ushbu maqola moliya tushunchasi va moliyaviy tizimlar va amaliyotlarning tarixiy rivojlanishidagi asosiy bosqichlarni organadi. Moliya evolyutsiyasini qadimgi davrlardan zamonaviy davrgacha kuzatib, u pul, bank, aktsiyadorlik jamiyatlari, Markaziy banklar, fond bozorlari va murakkab moliyaviy vositalarning paydo bo‘lishi kabi muhim bosqichlarni aniqlaydi. Tahlilda har bir bosqich avvalgi yangiliklarga asoslanib, yanada murakkab moliyaviy operatsiyalarni amalga oshirishga imkon beradigan va so‘nggi paytlarda global moliyaviy bozorlarning paydo bo‘lishi uchun zamin yaratganligi ta’kidlangan. Maqolada moliya tarixiy bosqichlarini tushunish bugungi moliyaviy landshaft tomonidan taqdim etilgan qiyinchiliklar va imkoniyatlar bilan kurashish uchun qimmatli konteksni taqdim etadi
degan xulosaga keladi.

Русский

В данной статье исследуется понятие финансов и ключевые этапы исторического развития финансовых систем и практик. Прослеживая эволюцию финансов с древних времен до современной эпохи, она определяет важнейшие вехи, такие как появление денег, банковского дела, акционерных компаний, центральных банков, фондовых рынков и сложных финансовых инструментов. Анализ показывает, как каждый этап основывался на предшествующих инновациях, делая возможными более сложные финансовые операции и закладывая основу для появления глобальных финансовых рынков в последнее время. В статье делается вывод о том, что понимание истории финансов обеспечивает ценный контекст для решения проблем и использования возможностей, которые предоставляет современный финансовый ландшафт.

Имя автора Должность Наименование организации
1 Xikmatov A.A. Master student Digital Economy, Bukhara State University
2 Giyazova N.B. teacher Department of Economics, Bukhara State University
Название ссылки
1 Wells, J. Finance. Encyclopedia Britannica. 2022.
2 Levine, R. Finance and Growth: Theory and Evidence. NBER Working Paper 10766, 2014.
3 Ferguson, N. The Ascent of Money: A Financial History of the World. New York: Penguin Press, 2008.
4 Goetzmann, W. N. Money Changes Everything: How Finance Made Civilization Possible. Princeton: Princeton University Press, 2016.
5 Shiller, R. J. Finance and the Good Society. Princeton: Princeton University Press, 2012.
6 Weatherford, J. The History of Money. New York: Three Rivers Press, 1997.
7 Eagleton, C. and Williams, J. Money: A History. Buffalo, NY: Firefly Books, 1997.
8 Homer, S. and Sylla, R. E. A History of Interest Rates. New Brunswick: Rutgers University Press, 2005.
9 Temin, P. Financial Intermediation in the Early Roman Empire. Journal of Economic History 64(3), 2004.
10 Goldthwaite, R. The Economy of Renaissance Florence. Baltimore: Johns Hopkins University Press, 2009.
11 Quinn, S. and Roberds, W. The Big Problem of Large Bills: The Bank of Amsterdam and the Origins of Central Banking. Federal Reserve Bank of Atlanta Working Paper 2005-16, 2005.
12 Petram, L. The World's First Stock Exchange. New York: Columbia Business School Publishing, 2014.
13 Gelderblom, O. and Jonker, J. Completing a Financial Revolution: Amsterdam and the Emergence of a Modern Capital Market, 1602-1730. Journal of Economic History 64(3), 2004.
14 Carosso, V. The Morgans: Private International Bankers, 1854-1913. Cambridge: Harvard University Press, 1987.
15 Obstfeld, M. and Taylor, A. M. Globalization and Capital Markets. In Bordo et al. (Eds.), Globalization in Historical Perspective. Chicago: University of Chicago Press, 2003.
16 James, H. International Monetary Cooperation Since Bretton Woods. Oxford: Oxford University Press, 1996.
17 Eichengreen, B. Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System. Oxford: Oxford University Press, 2011.
18 Miller, M. H. Financial Innovation: The Last Twenty Years and the Next. Journal of Financial & Quantitative Analysis 21(4), 1986.
19 Reinhart, C. M. and Rogoff, K. S. This Time Is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press, 2009. Epstein, G. (Ed.). Financialization and the World Economy. Cheltenham: Edward Elgar Publishing, 2005.
В ожидании