The Institutional and Legal Framework Of Emerging Capital Markets: The Experience Of Cis Countries

Authors

  • Said Gulyamov Tashkent State University of Law
  • Otabek Narziev Tashkent State University of Law

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Keywords:

Capital market development market regulation CIS countries legal framework Russian capital market Uzbekistan capital market Kazakhstan capital market

Abstract

The present study focuses on the development of one of the key institutions of the market economy – namely, the securities market in terms of its role in promoting competitive conditions in the financial services sector. Due to a variety of objective and subjective factors, banks have become the most dominant institutions in all CIS countries in terms of, both, accumulating and redistributing financial resources. Particularly, the research outlines the background to capital market formation and development in CIS countries through a brief history of the CIS; considers the necessity of capital market and its regulation in CIS countries; reviews the institutional and legal framework of capital market regulation, and analyzes certain problems of capital market development.

Author Biographies

Said Gulyamov, Tashkent State University of Law

Doctor of Law, Professor

Otabek Narziev, Tashkent State University of Law

PhD in Law

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Published

2021-02-27

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How to Cite

Gulyamov, S., & Narziev, O. (2021). The Institutional and Legal Framework Of Emerging Capital Markets: The Experience Of Cis Countries. Gulyamov Said Saidakhrarovich, 1(1). Retrieved from https://www.old.gulyamov.org/index.php/said/article/view/86