A history of the development of banking
The article deals with the history of banking from ancient times to the present day, with a focus on some areas. It aims to reveal specific features that were inherent in banking activities at the earliest stages of their development. The authors use such methods as theoretical generalisation and comparison, induction, the methods of historical and logical cognition. The article focuses on the main stages of the development of bank management. The authors investigate the conditions and characteristics of the emergence of the first central banks in different countries of Europe (Sweden, England, France, etc.), the USA, China, Turkey. Studying historical aspects is of vital importance to those who want to understand contemporary processes that take place in the banking systems of different countries. The authors conclude that banking has undergone significant changes since its emergence to the present day. The authors attempted to highlight some of the main directions in the development of banking. Modern banking is considered to be a multiindustry activity including many areas that formed under market economy conditions. Therefore, the study and analysis of the financial stability of a banking system should begin with the study of historical aspects with a view to adequately assessing its effectiveness and contribution to the economy.