A monetary credit system is an essential part of financial and economic system of any country. An effective monetary credit system is a precondition of development and stability of economic system of any country. The monetary credit system consists of two components: 1. The monetary system is a form of money circulation that has gone through a long path of origin and development, and its mechanisms and tools are different depending on the different levels of economic development of countries. The monetary systems of various countries are regulated by the international legislation; 2. The credit system is the aggregate of the credit and financial institutes that facilitate the monetary capital and then issues it to physical and legal entities via credit loans. This system includes the forms and methods of credit usage. Central and commercial banks belong to the basic link of the monetary-credit system. It is important to note that the monetary credit system - in its centralized and administrative form - functioned in post-socialist countries, including Georgia. After the collapse of the post-socialist system, these countries declared their independence and sovereignty, so the integration process of their monetary and credit system into the international monetary and credit systems became an inevitable process. On the current stage of the development of the monetary and credit relationships, these countries as well as other developing countries are the participants of the global finance and credit relationships. It is very interesting to analyze and review the international aspects of their monetary and credit systems.
| Published in | Science Innovation (Volume 10, Issue 6) |
| DOI | 10.11648/j.si.20221006.17 |
| Page(s) | 221-224 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2022. Published by Science Publishing Group |
Georgian Monetary Credit System, International Monetary Credit System, International Legislation, Monetary Policy, Financial-Credit Institutions
| [1] | Nozadze M. INTERNATIONAL ASPECTS OF CURRENCY FINANCIAL AND CREDIT RELATIONS OF GEORGIA. European Science Review. 2021, N3. Pp. 73-77. |
| [2] | The Monetary Policy Strategy of the National Bank of Georgia. p. 3. https://nbg.gov.ge/fm/ |
| [3] | Kovzanadze M., Kontridze G., Modern Banking: Theory and Practice. Publishing house: Sezani, Tbilisi, 2014. p. 32. |
| [4] | Khidasheli M. General Theory of International Finances. 2017. p. 102. Publishing house: Akaki Tsereteli state University. Lections Course. ISBN 978-99940-52-36-3. |
| [5] | Chutlashvili A., Barbakadze K. Financial Institutions and Markets. (lection course), Tbilisi, 2016. p. 66. https://old.tsu.ge/data/file_db/economist_faculty/saleqcio%20kursi.pdf |
| [6] | Currency Market. https://nbg.gov.ge/page/%E1%83%A1%E1%83%90%E1%83%95%E1%83%90%E1%83%9A%E1%83%A3%E1%83%A2%E1%83%9D-%E1%83%91%E1%83%90%E1%83%96%E1%83%90%E1%83%A0%E1%83%98 |
| [7] | Monetary Policy and Management of Reserves. https://www.nbg.gov.ge/index.php?m=521 |
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| [9] | MONEY MARKET AND ITS INSTRUMENTS (ON THE EXAMPLE OF GEORGIA). Kapanadze Maia, 2 Nozadze Mzevinar. THE CAUCASUS ECONOMIC & SOCIAL ANALYSIS JOURNAL OF SOUTHERN CAUCASUS. SSN: 2298-0946, E-ISSN: 1987-6114; DOI PREFIX:10.36962/CESAJSC Pp. 28. (28-30). JULY 2021 VOLUME 43 ISSUE 04. |
| [10] | Law of Georgia on Commercial Bank Activities. edited 15.12.2021, (Article 1. Definition of Terms). |
| [11] | World Bank in Georgia: 25 Years of Partnership. https://www.worldbank.org/en/news/feature/2017/08/24/world-bank-georgia-25-years-of-partnership. |
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APA Style
Mzevinar Nozadze, Maia Kapanadze. (2022). Innovations in the Monetary and Credit System of Georgia. Science Innovation, 10(6), 221-224. https://doi.org/10.11648/j.si.20221006.17
ACS Style
Mzevinar Nozadze; Maia Kapanadze. Innovations in the Monetary and Credit System of Georgia. Sci. Innov. 2022, 10(6), 221-224. doi: 10.11648/j.si.20221006.17
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Download@article{10.11648/j.si.20221006.17,
author = {Mzevinar Nozadze and Maia Kapanadze},
title = {Innovations in the Monetary and Credit System of Georgia},
journal = {Science Innovation},
volume = {10},
number = {6},
pages = {221-224},
doi = {10.11648/j.si.20221006.17},
url = {https://doi.org/10.11648/j.si.20221006.17},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.si.20221006.17},
abstract = {A monetary credit system is an essential part of financial and economic system of any country. An effective monetary credit system is a precondition of development and stability of economic system of any country. The monetary credit system consists of two components: 1. The monetary system is a form of money circulation that has gone through a long path of origin and development, and its mechanisms and tools are different depending on the different levels of economic development of countries. The monetary systems of various countries are regulated by the international legislation; 2. The credit system is the aggregate of the credit and financial institutes that facilitate the monetary capital and then issues it to physical and legal entities via credit loans. This system includes the forms and methods of credit usage. Central and commercial banks belong to the basic link of the monetary-credit system. It is important to note that the monetary credit system - in its centralized and administrative form - functioned in post-socialist countries, including Georgia. After the collapse of the post-socialist system, these countries declared their independence and sovereignty, so the integration process of their monetary and credit system into the international monetary and credit systems became an inevitable process. On the current stage of the development of the monetary and credit relationships, these countries as well as other developing countries are the participants of the global finance and credit relationships. It is very interesting to analyze and review the international aspects of their monetary and credit systems.},
year = {2022}
}
TY - JOUR T1 - Innovations in the Monetary and Credit System of Georgia AU - Mzevinar Nozadze AU - Maia Kapanadze Y1 - 2022/12/28 PY - 2022 N1 - https://doi.org/10.11648/j.si.20221006.17 DO - 10.11648/j.si.20221006.17 T2 - Science Innovation JF - Science Innovation JO - Science Innovation SP - 221 EP - 224 PB - Science Publishing Group SN - 2328-787X UR - https://doi.org/10.11648/j.si.20221006.17 AB - A monetary credit system is an essential part of financial and economic system of any country. An effective monetary credit system is a precondition of development and stability of economic system of any country. The monetary credit system consists of two components: 1. The monetary system is a form of money circulation that has gone through a long path of origin and development, and its mechanisms and tools are different depending on the different levels of economic development of countries. The monetary systems of various countries are regulated by the international legislation; 2. The credit system is the aggregate of the credit and financial institutes that facilitate the monetary capital and then issues it to physical and legal entities via credit loans. This system includes the forms and methods of credit usage. Central and commercial banks belong to the basic link of the monetary-credit system. It is important to note that the monetary credit system - in its centralized and administrative form - functioned in post-socialist countries, including Georgia. After the collapse of the post-socialist system, these countries declared their independence and sovereignty, so the integration process of their monetary and credit system into the international monetary and credit systems became an inevitable process. On the current stage of the development of the monetary and credit relationships, these countries as well as other developing countries are the participants of the global finance and credit relationships. It is very interesting to analyze and review the international aspects of their monetary and credit systems. VL - 10 IS - 6 ER -
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