| | | | PROBLEMS OF MODERN ECONOMICS, N 3 (51), 2014 | | | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | | Terentjeva E. A.
PhD student, Chair of credit theory and financial management, Department of Economics, St. Petersburg State University
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| | | The author develops a new approach towards distinguishing the major stages in the formation of payment systems in its relation to the evolution of payment instruments and monetary functions. The advantages of this new approach consist in the complex perspective upon the evolution of payment systems, which allows to get a holistic understanding of the process | | Key words: payment system, stages in formation of a payment system, functions of money, payment instruments, wire transfers of payments | | Pages: 200 - 204 |
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