Ovchinnikovа O.P.PhD in Economics, Professor, the Department of Economics and Finance, The Russian Academy of National Economy and Public Service under the President of the Russian Federation, Russian Federation, Orel oovchinnikova@yandex.ru
Ovchinnikova N.E.Graduate Student, Department of Economics and Finance, The Russian Academy of National Economy and Public Service under the President of the Russian Federation, Russian Federation, Orel n.e.ovchinnikova@mail.ru
In the article the main stages of the development of the native banking are defined. The characteristics of these stages are given, and the row of conclusions and suggestions in order to raise the stability of the bank system and actions of the monetary authorities is described.
Keywords: bank system, credit system, bank, loan, evolution of crisis