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The Banking System and the Effectiveness of Production

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  • I. Levchuk

Abstract

In the period of developed socialism, banks face the task of using the economic instruments at their disposal to increase the effectiveness of social production and improve the quality of work. In the Report of the Central Committee of the Communist Party of the Soviet Union to the Twenty-sixth Party Congress, L. I. Brezhnev indicated the transition to the predominantly intensive avenue of development as the main problem confronting all spheres of the national economy. The congress advanced the demand: "To raise the role of financial and credit levers in the intensification of production, strengthening cost accounting, and stepping up the savings program."

Suggested Citation

  • I. Levchuk, 1982. "The Banking System and the Effectiveness of Production," Problems of Economic Transition, Taylor & Francis Journals, vol. 25(4), pages 54-72.
  • Handle: RePEc:mes:prectr:v:25:y:1982:i:4:p:54-72
    DOI: 10.2753/PET1061-1991250454
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