The historical aspects of the origin and development of pawnshops Cover Image

Історичні аспекти виникнення і становлення ломбардних установ
The historical aspects of the origin and development of pawnshops

Author(s): Ludmila Levaieva
Subject(s): Business Economy / Management, Economic history, Financial Markets
Published by: Державний вищий навчальний заклад «Переяслав-Хмельницький державний педагогічний університет імені Григорія Сковороди»
Keywords: pawnshop; lending institution; loan; mortgage; the borrower; pawn interest

Summary/Abstract: The subject of research is the theoretical and practical problems of pawnshop regulation activities as aninstrument to have influence on economic development of a country.The purpose of research is to study the historical aspects of the origin and development of pawnshops asnon-bank credit institutions.Methods of research. In the process of analysis the economic essence of pawnshop activities was used:dialectical, system and structural methods. The historical and logical approaches were used to determine thestages of formation and development of pawnshop activities.The results of work. The article dedicates the pawnshop activities, which are quite a new kind of creditinstitutions in Ukraine. The historical aspects of the origin, formation and development of pawnshop institutionsin Ukraine and World are considered in the article. The propounded approaches for the classification of thestages of pawnshop formation and development were allowed to define the features of the financial regulationservices, which are provided by pawnshops.Conclusions. Pawnshops are one of the most conservative and stable financial institutions for persons, andare oriented to give small and short-term loans and perform the function of social and economic stabilizers inthe conditions of any economic changes.

  • Issue Year: 1/2016
  • Issue No: 29
  • Page Range: 294-300
  • Page Count: 9
  • Language: Ukrainian