Financing and Financial System

Delve into the fundamentals of money, credit, and banking with this comprehensive course, a key component of the MBA program at CBM International University. This course explores the theoretical and scientific aspects of finance, tracing the evolution of financing from its ancient roots to the intricate financial systems of today.

Discover the crucial role of the banking system throughout history, examining its significant development from early civilizations to the present day. We'll explore key concepts including banks and monetary financial institutions, the process of financial intermediation, and the inner workings of a banking company and its management. Learn about commercial banks and other monetary financial institutions and their vital role in financing and lending to the global economy.

This course provides historical context, revealing how early societies moved beyond systems of retribution towards more nuanced approaches to resolving disputes. The concept of payment, derived from the Latin "pacare" (to pacify, quiet, or make peace), highlights the shift towards satisfying both parties involved.

Understand the historical evolution of banking, which predates monetary activity itself. Explore early exchange standards used in eras like the Phoenician era and Mesopotamia, including commodities such as cattle, precious metals (silver, gold), grains, and shells. Learn how these evolved alongside the development of coins and laid the groundwork for modern financial institutions. This course offers a deep understanding of the historical and practical foundations of modern finance.