Akademik Məlumat İdarəetmə Sistemi
in: International Scientific Symposium Chronicle of Victory: The Victorious Leader of a Triumphant Nation, dedicated to the 5th anniversary of Azerbaijan's victory in the Karabakh War, Prof. Dr. Ilkin GULUSOY, Editor, Turkic World Culture and Art Publishing House, Stockholm, pp.474-483, 2025
The banking system plays an important role in ensuring the management of any
state. This is due not only to the fact that the banking system serves the circulation, savings and
payment relations of economic entities, but also to the fact that it is capable of creating a credit base
that forms the basis of the money supply of developed countries and ensures their fairly stable
economic development. The theory and practice of banking supervision in developed foreign
countries has a long history. Despite the fact that effective structures of supervisory authorities and
bank audit have been formed in this area, a conceptual and documentary apparatus has been created,
and significant experience has been accumulated in inspection inspections, periodic bankruptcies in
credit institutions cannot be prevented, and measures taken by the state and other bodies to improve
them do not produce the necessary effect. At the same time, it is extremely relevant to conduct
theoretical studies to identify the specific features of the development of banking supervision and
inspections in most countries with post-plan economies, where the creation of a two-tier system of
banks and other credit institutions that is quite suitable for market conditions has just begun. It is a
well-known fact that for the real sector of the economy to interact more actively with the banking
system, it is necessary to create a long-term resource base. In this regard, one of the strategic tasks of
the banking system is to actively carry out work on attracting deposits of the population. Because the
attraction of deposits of the population to banks is conditioned by the following:
- increased confidence of both the population and economic entities in financial
intermediaries;
- change in the real interest rate;
- increase in real incomes of the population, etc.
In recent years, the development of the Azerbaijani economy has been accompanied by the
creation of subsidiaries and branches not only within national resources, but also on an international
scale, including with foreign ones. The emergence of various financial, commercial, production and
business relations between enterprises, companies, banks requires the provision of information about
their activities. As world experience shows, in response to such requirements, in all developed
countries, at one time or another, as well as in our country, specific forms of consolidated (combined)
financial statements have appeared.