In modern market economy with division of labor the banking system has huge value thanks to communications of this system with all sectors of economy.

The modern economy represents very difficult system which each part is closely connected with others and plays important role. But, one of the major roles is played by the banking system providing at the present stage of development of economic relationship normal functioning of all economy as a whole. Today banks are called:

*to accumulate free money,

*to carry out functions of cashiers economic subjects,

*to make issue.

Now it is impossible to present harmoniously developed state without the branched-out network of banks. And it is valid, banks play a role of numerous hearts by means of which development and formation of economical and political power of the state is possible in modern economy. Today, banks are the economic tool in government hands. The most important tasks of banks consists in providing the uninterrupted monetary turn and a capital turn, in granting a wide range of possibilities of an investment of money for the purpose of accumulation of savings of a national economy.

Transformation of the centralized planned economy of the former Soviet Union, and also Kazakhstan, in effective market economy will be successful only in case the corresponding state standard basis is created. For this purpose in parallel with a private property on means of productions, freedom of occupation by trade and free the conclusions of contracts, the competition, effective public administration, and also a tariff autonomy and balance of interests of various social groups it is necessary to provide functioning system of pricing and stability of currency.

Thus the concept of monetary stability has huge value for socially directed market economy. Currency devaluation distorts not only system pricing, and thus forges the signals arriving from the market, it is negatively reflected in decisions of the enterprises concerning capital investments and deprives from a basis of accumulation of own capital. Inflationary processes are in special degree not social as they in huge scale are reflected in forms of storage of money which choose poorer segments of the population and in extreme cases can destroy completely deposits of economically weak or badly informed population.

The two-level banking system is based on creation of relationship between banks in two planes: on a vertical and across. Down - the submission relations between the Central bank as leading, operating center and local links - commercial and specialized banks; on a horizontal - the relation of partnership equal in rights between various local links. Thus there is a division of administrative functions and operational, connected with economy service. The central bank remains bank of banks in the true sense of the word only for two categories of clients - commercial and specialized banks and governmental structures, and prevailing there are functions of «bank of banks» and management of activity of banking institutions with a view of regulation and control of functioning of the market of credit and financial services.

Also for formation of the banking sector in economy of market type, in my opinion, matter not only the processes occurring in the banking sector, but first of all interaction, interference and inter conditionality of these processes with processes of macroeconomic level.

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