FEATURES OF FUNCTIONING AND REGULATION OF THE SECURITIES MARKET IN GEORGIA
George Abuselidze
Abstract
The paper presents discussions of peculiarities on securities market formation and functioning in the post-independence period of Georgia. It provides assessment of the legislative acts of regulation and the ways of their perfection.
Keywords
securities; stock exchange; regulation
JEL Codes: D53, E22, E44, G10, O16
References
Abuselidze, G. (2018). Georgia’s capital market: Functioning Problems and Development Directions in Association with EU. Journal of Applied Economic Sciences, Volume XIII, Winter, 7(61)
Abuselidze, G. (2018). Problems and prospects for the development of the equity market: in the association of Georgia with the EU. ВПЛИВ БІОЕКОНОМІКИ НА ПРОСТОРОВИЙ РОЗВИТОК ТЕРИТОРІЙ, pp. 31-33
Abuselidze, G., Beridze, L. (2018). The role of alternative investments in the development of capital markets: in terms of the transformation of Georgia with the EU. In Staníčková, M., L. Melecký, E. Kovářová and K. Dvoroková (eds.). Proceedings of the 4th International Conference on European Integration 2018. Ostrava: VŠB - Technical University of Ostrava, 2018, pp. 29-41
Abuselidze, G., Surmanidze, M. (2018). Problems of forming securities market in Georgia and ways to overcome it. Reviewed Proceedings of the Interdisciplinary Scientific International Conference QUAERE 2018, vol. VIII, pp. 336-345
Abuselidze, G. (2013). Undeveloped equity market as a factor preventing foreign investments (Georgia as an example). Економічний аналіз, 12(1)
Bessarabova, V. E. (2013). Razvitie fondovogo rynka kak faktora uskorenija rosta sovremennoj rossijskoj jekonomiki [Development of the Stock Market as a Factor for Accelerating the Growth of the Modern Russian Eco nomy]. Ph.D. thesis. Moscow (In Russian.)
Dementiev, V. E. (2009). Dlinnye volny jekonomicheskogo razvitija i finansovye puzyri [Long waves of economic development and financial bubbles]. Working paper no WP/2009/252. Moscow: CEMI RAS (In Russian)
Fabozzi, F.J., Modigliani, F.P., Jones, F.J. (2009). Foundations of Financial Markets and Institutions. 4th Edition. Prentice Hall
Georgian stock exchange, (2018). Securities [online] Web site: http://www.gse.ge/en/securities
Ilyin, E.V. (2012) Mehanizmy i predely samoregulirovanija na finansovyh rynkah v razvityh stranah mira [Mechanisms and limits of self-regulation in financial markets in developed countries]. Ph.D. thesis. Moscow (In Russian)
Kudinova, M. M. (2005). Rossijskij i zarubezhnye rynki cennyh bumag: problemy vzaimodejstvija [Russian and Foreign Securities Markets: Problems of Interaction]. Ph.D. thesis (In Russian)
Majewska, E., Olbryś, J. (2017). The Evolution of Financial Integration on Selected European Stock Markets: a Dynamic Principal Component Approach. Comparative Economic Research, 20(4). DOI: 10.1515/cer-2017-0027
Ministry of Finance, (2018). Regulation On the Issue, Circulation, Registration and Redemption of Treasury Bills and Treasury Notes Issued by the Ministry of Finance of Georgia [online] Web site: https://www.nbg.gov.ge/uploads/legalacts/monetarypolicy/2018/mofnbg_reg_on_treasury_securities8__20150408_geo_codyfied.pdf
Mirkin, Y. M. (2002). Rynok cennyh bumag: Vozdejstvie fundamental’nyh faktorov, prognoz i politika razvitija [The Securities Market: The Impact of Fundamental Factors, Forecast and Development Policy]. Moscow: Financial Academy under the Government of the Russian Federation (In Russian)
Securities Lending and Repos: Market Overview and Financial Stability Issues, 2012
The Law of Georgia “On Equity Market”
Vahrushin, I. V. (2009). Rynok cennyh bumag KNR: sostojanie, razvitie, perspektivy [The Securities Market of China: State, Development, Prospects]. Ph.D. thesis (In Russian)
Full Text: PDF (English)
