Abstract
This chapter analyzes the financial sources of loans of Gosbank (the State bank) that dominated the Soviet financial economy. The analysis showed that the cash emission was not a significant financial source of the bank loan (non-cash money) supply and identified that the main financial source of Gosbank shifted from the net balances of accounts held by the Ministry of Finance at Gosbank to household deposits in the early-1960s, when the subscription sale of government bonds ended and Sberkassa (the Soviet thrift institution) became a part of Gosbank. After the shift, Gosbank’s supply of bank loan and acceptance of household deposit rapidly expanded in parallel. The driving factor and the consequence of this shift are discussed in detail in Chap. 7.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Alkhimov, V. S., (Ed). (1981). Gosbank SSSR i ego rol’ v razvitii ekonomiki strany 1921–1981. Moskva: Finansy i statistika.
Allakhverdian, D. A., (Ed). (1962). Finansy SSSR. Moskva: Gosfinizdat.
Allakhverdian, D. A. (1971). Finansy i sotsialisticheskoe vosproizvodstvo. Moskva: Finansy.
Atlas, M. S. (1967). Razvitie bankovskikh sistem stran sotsializma. Moskva: Finansy.
Barkovskii, N. D. (1976). Problemy kredita i denezhnogo oborota. Moskva: Finansy.
Birman, I. (1980). The financial crisis in the USSR. Soviet Studies, 32(1), 84–105.
Birman, I. (1981). Secret income of the Soviet state budget. The Hague: Martinus Nijhoff.
Chetverikov, P. A., (Ed). (1972). Sberegatel’nye kassy SSSR za 50 let. Moskva: Finansy.
D’iachenko, V. P. (1978). Istoriia finansov SSSR. Moskva: Nauka.
Dyker, D. A. (1983). The process of investment in the Soviet Union. London: Cambridge U.P.
Garvy, G. (1972). Banking under the tsars and the Soviets. The Journal of Economic History, 32(4), 869–893.
Gerashchenko, V. S., (Ed). (1974). Organizatsiia i planirovanie kredita. Moskva: Finansy.
Holzman, F. D. (1955). Soviet taxation. Cambridge: Harvard U.P.
Holzman, F. D. (1974). Foreign trade under central planning. Cambridge: Harvard U.P.
Kashin, I. I., & Kozlova, T. V., (Eds). (2012). Gosbank SSSR i Minfin SSSR v protsesse mobilizatsii i ispol’zovaniia sberezhenii naseleniia (vedomstvennye materialy).(Po stranitsam arkhivnykh fondov Tsentral’nogo banka Rossiiskoi Federatsii, vypusk 13). Moskva: CBR.
Kashin, I. I., & Mikov, V. V., (Eds). (2010). Balansy gosudarstvennogo banka SSSR, 1922–1990 gg. (Po stranitsam arkhivnykh fondov Tsentral’nogo banka Rossiiskoi Federatsii, vypusk 9). Moskva: CBR.
Kuschpeta, O. (1978). The banking and credit system of the USSR. Leiden: Martinus Nijhoff.
Levchuk, I. V. (1971). Ssudnyi fond i kredit. Moskva: Finansy.
Levchuk, K. I. (1988). Effektivnost’ kratkosrochnykh kreditnykh vlozhenii. Moskva: Finansy i statistika.
Manoilo, F. N. (1972). Stroibank SSSR. Moskva: Finansy.
Melkov, A. E. (1969). Kreditnye resursy gosudarstvennogo banka SSSR. Moskva: Finansy.
Millar, J. R. (1975). History and analysis of Soviet domestic bond policy. Soviet Studies, 27(4), 598–614.
Nove, A. (1992). An economic history of the USSR. (3rd Ed.). London: Penguin Books.
Pessel’, M. (1977). Kredit kak faktor intensifikatsii kapital’nogo stroitel’stva. Planovoe khoziaistvo, (1), 48–57.
Podshivalenko, P. D., (Ed). (1983). Finansirovanie i kreditovanie kapital’nykh vlozhenii. Moskva: Finansy i statistika.
Powell, R. P. (1972). Monetary statistics. In Treml, V. G. & Hardt, J. P., (Eds). Soviet Economic Statistics (pp. 397–432). Durham: Duke U.P.
Resheniia partii i pravitel’stva po khoziaistvennym voprosam: sbornik dokumentov (Resheniia). (1967–1988). 16 vols. Moskva: Izdatel’stvo politichskoi literatury.
Rotleider, A. Ia., (Ed). (1979). Denezhnoe obrashcheniia i kredit SSSR. Moskva: Finansy.
Rybin, V. I. (1978). Kredit kak ekonomicheskaia kategoriia sotsializma. Moskva: Mysl’.
Rybin, V. I., & Mozhaiskova, I. V. (1979). Den’gi, finansy i kredit v ekonomicheskom mekhanizme rasshirennogo vosproizvodstva razvitogo sotsializma. Moskva: Nauka.
Ryibin, V. I., & Khachaturian, A. (1980). Sovershenstvovat’ kreditovanie kapital’nykh vlozhenii. Planovoe khoziaistvo, (3), 57–66.
Shenger, Iu. E., (1961). Ocherki sovetskogo kredita. Moskva: Gosfinizdat.
Sher, I. (1970). Dorgosrochnoe kreditovanie promyshlennosti. Voprosy ekonomiki, (6), 29–38.
Sigg, H. (1981). Grundzuege des sowjetischen Bankwesens. Bern and Stuttgart: Paul Haupt.
Solov’eva, S. V. (1980). Kredit v investitsionnom komplekse. Seriia Ekonomicheskaia , (1), 89–95.
Strumilin, S. G. (1961). Ekonomicheskaia zhizn’ SSSR: khronika sobytii i faktov, 1917–1959. Moskva: Sovetskaia entsiklopediia.
The Central Bank of the Russian Federation (CBR). (2012). Kursy valyut za period do 01.07.1992. http://www.cbr.ru/currency_base/OldVal.aspx. Last accessed March 07, 2017.
TsSU/Goskomstat SSSR (Narkhoz-19XX). 1956–57, 1959–66, 1968–91. Narodnoe khoziaistvo SSSR v 19XX godu. Statisticheskii ezhgodnik. Moskva.
Zakharov, V. S. (1979). Kredit v sisteme upravlenii ekonomikoi. Moskva: Finansy.
Zakharov, V. S. (2007). Ocherki bankovskoi sistemy SSSR. Moskva: Finansy i statistika.
Zverev, A. G. (2012). Stalin i den’gi. Moskva: Algolitom.
Zwass, A. (1979). Money, banking, & credit in the Soviet Union & Eastern Europe. London: Macmillan.
Archival Materials
RGAE 1562/41/233: Gosplan SSSR and TsSU SSSR. Narodnoe khoziaistvo SSSR (1913–1957 gody).
RGAE 1562/41/543: TsSU SSSR. Finansy SSSR. Statisticheskii sbornik.
RGAE 1562/41/654: TsSU SSSR. Finansy SSSR. Statistichekii sbornik, 1961–62 gg.
Author information
Authors and Affiliations
Corresponding author
Copyright information
© 2017 The Author(s)
About this chapter
Cite this chapter
Nakamura, Y. (2017). Soviet Banking and Non-cash Money Management. In: Monetary Policy in the Soviet Union. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-49418-4_5
Download citation
DOI: https://doi.org/10.1057/978-1-137-49418-4_5
Published:
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-137-49416-0
Online ISBN: 978-1-137-49418-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)