HISTORICAL PARALLELS OF THE MODERN DEVELOPMENT OF THE FINANCIAL SECTOR OF THE ECONOMY WITH THE MIDDLE AGES
Abstract and keywords
Abstract (English):
The issues of the development of banking and economics in Florence in the Middle Ages are considered. Approaches characterizing the development of a market economy during this period are described. Approaches to the formation of the city and church treasury are presented. Parallels are drawn between the development of banking and the economy in Florence during the Middle Ages with the development of the modern economy in general and its financial sector in particular. A high degree of their similarity is shown.

Keywords:
historical parallels, modern development, financial sector, economy, Middle Ages
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