Suchergebnisse

The article reviews the importance of a stock market as one of the key institutions of the advanced market economy. The author argues that the country will not be able to proceed to more mature phases of development until its securities market can perform its basic functions. Convincing arguments are put forward against the established views on the impossibility to overcome disadvantages of the market mechanism in today's Russia. The author substantiates recommendations for promoting investment orientation of the stock market and frames a new concept of its state regulation.