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Финансирование экономического развития без ссудного процента // Funding the Economic Development without the Loan Interest

Author

Listed:
  • Evgeny Bogomolov V.

    (Financial University)

  • Е. Богомолов В.

    (Финансовый университет)

Abstract

The subject of the study is the possibility of financing without the loan interest. The purpose of the study was to determine the advantages and disadvantages of the ways of withdrawal from the loan interest charging. The paper analyzes radical and moderate methods for the reformation of the financing system based on the loan interest. The cardinal change in the existing money turnover practice is possible using S. Gesell’s concept of «free money». Moderate methods include the adjustment of banking activities based on Islamic and Orthodox principles as well as the development of the non-bank financing on the basis of credit cooperation, venture and public funds as well as crowdfunding. It is concluded that the use of S. Gesell’s “stamp scrips” at the macro level and the elimination of interest on loans in the system of Islamic and Orthodox banking are impossible, and further development of credit cooperation and other forms of non-bank financing are needed to replace the bank lending. Предметом исследования является возможность финансирования без ссудного процента. Цель работы - определить преимущества и недостатки основных путей отхода от взимания ссудного процента. В статье проведен анализ радикального и умеренных методов преобразования системы финансирования на основе ссудного процента. Кардинальное изменение существующего денежного обращения возможно при использовании концепции «свободных денег» С. Гезелля. К умеренным методам отнесены корректировка банковской деятельности на основе исламских и православных принципов, а также развитие небанковского финансирования на основе кредитной кооперации, венчурных и государственных фондов, а также краудфандинга. Сделан вывод о невозможности применения марочных денег С. Гезелля на макроуровне и устранения ссудного процента в системе исламского и православного банкинга, о необходимости дальнейшего развития кредитной кооперации и других форм небанковского финансирования для замены банковского кредитования.

Suggested Citation

  • Evgeny Bogomolov V. & Е. Богомолов В., 2016. "Финансирование экономического развития без ссудного процента // Funding the Economic Development without the Loan Interest," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, vol. 9(4), pages 72-78.
    • Handle: RePEc:scn:econom:y:2016:i:4:p:72-78
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