The Genesis of Bill of Credit: A Functional Aspect

K. Krinichansky

Voprosy Ekonomiki, 2009, issue 8

Abstract: The paper considers the evolution of the bill of credit institution and changes of its functions. It is emphasized that bill of credit acquires the features of a formal abstract agreement and a turnaround document. It is shown that bill-of-credit-like institutions have a complicated path of development that includes important transformations. The latter facilitate the rise of these institutions functionality, the change in the composition of their functions, adaptation to the needs of economic agents. The transformation of bill of credit has led to lowering transaction costs of market interactions.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.vopreco.ru/jour/article/viewFile/912/913 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:912

DOI: 10.32609/0042-8736-2009-8-110-122

Access Statistics for this article

More articles in Voprosy Ekonomiki from NP Voprosy Ekonomiki
Bibliographic data for series maintained by NEICON ().