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Financial Analytics: Science and Experience
 

Methodological approaches to classification and measurement of reserves in organized securities markets

Vol. 9, Iss. 39, OCTOBER 2016

PDF  Article PDF Version

Received: 18 March 2016

Received in revised form: 10 October 2016

Accepted: 17 October 2016

Available online: 2 November 2016

Subject Heading: FINANCIAL INSTRUMENTS

JEL Classification: G10, G20, G30

Pages: 28-44

Pryanishnikova M.V. Plekhanov Russian University of Economics, Saratov Branch, Saratov, Russian Federation
marprya@mail.ru

Importance The research examines reserves of the organized securities market, which, if identified and mobilized, will create additional opportunities for preserving and increasing economic capabilities accumulated in the national financial sector. This subject is relevant since it is necessary to boost the sustainable development of the national economy and strengthen its positions in the global economic arena.
Objectives The research defines the concept of reserves in the organized securities market, origination factors, principal approaches to classifying the factors and reserves. I also make up the methodological framework to measure the reserves and determine the sequence of their today’s and future use, so to derive the maximum economic effect from each item of costs incurred to organize the securities market.
Methods I applied general logic (analysis, synthesis, analogy), theoretical (abstraction, generalization, historical method, systems approach), and empirical methods of research (observation, description, comparison).
Results I substantiated the need to find and mobilize reserves of the organized securities market. The article describes the issue of reserves, system for classification of reserves and inventories originators in the organized market at the macro- and microeconomic levels. I proved that the Russian market had available reserves, and formulated methodological approaches to their classification and evaluation at the macro- and microeconomic levels.
Conclusions and Relevance Top executives of professional market actors, traders and regulators should pursue their vital goals of timely identification of reserves to increase the economic effectiveness, and proper organization of securities markets. I offered methodological approaches to measuring the reserves and classifying their origination factors. Those approaches will allow to timely identify internal resources of market actors and find ways to mobilize them.

Keywords: finance, bond, economic cycle, risk management, sovereign debt

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