Тема курсовой работы: The Economic Nature of Securities Market and Problems of Its Formation in the Russian Federation

проблемы на пути развития рынка ценных бумаг в рф

Nowadays one of the most flexible financial instruments is use of securities. Securities - inevitable attribute of any normal commodity turn. Being goods they are capable to serve both means of the credit at the same time, and an instrument of payment, effectively replacing in this quality cash.

Earlier in the conditions of a planned economy some types of securities were used in the property relations (bonds and lottery tickets in the relations with participation of citizens, bills in a foreign trade turnover). Transition of Russia to market economy demanded a creation in the country of the full-fledged financial market with all institutes serving it. The securities market is a component of the financial market, having thus own mechanism of functioning and regulation.

The securities market practically had not been existing in Russia for more than 70 years .Therefore having been begun in the late eighties its development was unable to be in one-stage process.

The securities market is a sphere in which financial sources of economic growth are formed; investment resources are concentrated and distributed.  Its development is directly connected with transformation of the relations of property and with change of financial policy of the state.

Business and the government act in stock market as borrowers, and the creditor, the population at which for various reasons the income exceeds the sum of expenses generally is. The task of stock market consists in providing, probably, more effective and fast modulation of savings in an investment at the price which would suit both parties.

The securities market expands and facilitates access to all subjects of economy to receive money necessary for them.  Through securities market the investment process at which investments go to the most effective spheres and activities is carried out.