Open AccessDynamics of USSR’s foreign financial operations in 1920: a case study of Garantie- und Kredit Bank für den Osten (Garkrebo) archive materials
Author(s) -
И. Н. Харитонов
Publication year - 2020
Language(s) - English
Resource type - Conference proceedings
DOI - 10.29003/m1794.978-5-317-06529-4/95-103
Subject(s) - currency , state (computer science) , financial system , business , foreign exchange market , economy , economics , finance , monetary economics , computer science , algorithm
The paper analyses the international financial operations of the USSR in the 1920s via the case of interbank transactions of the Soviet foreign bank in Germany – the Garantie- und Kredit Bank für den Osten (Garkrebo). The study is based on quantitative data from the archival bank accounting reports. It reveals that the State Bank of the USSR was an initiator of the Soviet financial operations abroad. These operations were aimed to the American foreign currency market, particularly to support of Soviet currency (сhervonets) rate