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Finance and Credit

8(440) - 2011 February

Securities market as a source of economic growth - the state policy in the context of globalisation

Vol. 17, Iss. 8, FEBRUARY 2011

Available online: 16 February 2011

Subject Heading: Stock market

JEL Classification:

Menshikova A.S. The Head of Securities Market and International Financial Center Legislation Subdivision, Department of Corporate Governance of The Ministry of Economic Development and Trade of The Russian Federation
AS_Menshikova@mail.ru

The problem of the interconnection between economic growth and the level of securities market development is of big interest now also in the context of public policy on the securities market. According to the features of the said policy, two models of stock market can be distinguished: «open» and «national». The task of the present research is to decide, which model of securities market in emerging countries is more efficient for economic growth stimulation. The correspondence of the said models to the higher level of securities market development has been considered as well.

Keywords: securities market, economic growth, interconnection, state policy, investment, development

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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