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Financial Analytics: Science and Experience
 

Key aspects of the creation of a common financial market of the Eurasian Economic Union

Vol. 9, Iss. 31, AUGUST 2016

PDF  Article PDF Version

Received: 19 July 2016

Received in revised form: 3 August 2016

Accepted: 8 August 2016

Available online: 30 August 2016

Subject Heading: Economic policy

JEL Classification: F02, F15, F36

Pages: 2-16

Zubenko V.V. Financial University under Government of Russian Federation, Moscow, Russian Federation
VVZubenko@fa.ru

Mikhailov M.V. Russian International Academy for Tourism, Moscow, Russian Federation
maximmikhailov@mail.ru

Subject The article studies the features of current development of the financial markets of the Eurasian Economic Union member countries, and possibilities of their integration in the process of forming a common financial market.
Objectives The paper aims to determine the conditions, prospects, and priority steps in creating a common financial market of EEU.
Methods For the study, we used the logical and statistical analysis methods.
Results We present the results of evaluation of the development levels of the EEU financial markets, their integration features, as well as the conditions that facilitate and impede this process, and the priority steps towards a common financial market.
Conclusions The implementation of the program named will consolidate the national financial markets and increase their investment resources volumes. The EEU common financial market would contribute to the integration development in terms of both the freedom of capital movements and achieving synergies in other areas of joint activity. The first step towards the creation of a common financial market is the harmonization of national legislation of each particular EEU Member State in the relevant field.

Keywords: financial market, economic integration, harmonization, legislation

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