Conceptual Approaches to the Development of the Securities Market in RA

Abstract

The article considers the conceptual approaches to the development of the securities market in the Republic of Armenia. The article considers the main conceptual principles, the logic, the possiblities and the priorities of the development of different parts and instruments of the securities market. Based on these studies the necessity of performing successive and comprehensive measures for the development of the securities market is substantiated. At each stage of development of the securities market emphasis should be put on the development of a particular segment and specific instruments of the market. Measures for the development of a segment or instruments of the market cannot give the desired result until the conditions necessary for the development of this segment or instruments are created. However, the development of a specific segment or instruments should not be considered separately from other segments and instruments of the securities market. It is also important to define the priorities of the measures for the development of the market.