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Regular version of the site

Article

Теоретическая оценка результативности Госбанка РСФСР в период НЭПа

Деньги и кредит. 2016. № 8. С. 70-73.

The article examines the effectiveness of the credit policy conducted by the State bank of the R.S.F.S.R. under the New Economic Policy (furtherly referred to as NEP) from the point of view of its adherence to the M.I. Tugan-Baranovsky’s economic growth theory. The research supports the idea that although in conducting the credit policy the economists at the State bank of the R.S.F.S.R. took into account the needs of the real sector of the economy, they also took into consideration  the theory of M.I. Tugan-Baranovsky. The using of this theory let increase the effectiveness of the crediting operations conducted by the State bank of the R.S.F.S.R. in that period of time.