Gerus I.M.Published in:
Russian Journal of Entrepreneurship
– Volume 19, Number 9 (September 2018)

JEL classification: G10, G21, G22, G23, G24

Keywords: banking system, capital, credit market, financial institutions, financial market, insurance, securities, stock exchange


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Abstract:

This article considers the pressing problems of functioning of the financial market in the Kyrgyz Republic as the main mechanism to reflect the country’s economic activity based on capital redistribution. It should be noted that modern financial capital operating in the financial market has become the capital of the higher market order, which is not linked directly to the production and commercial practices (as it is this form of capital that comprises capital variations of other orders). In this regard, the role of the financial market in the country’s economy is to mobilize capital from diverse sources and allocate it efficiently. It is in the financial market where market prices for particular financial instruments and services are formed. Therefore, the most critical issue arising here is to form a robust and efficiently functioning financial market in order to ensure adequate circulation of financial capital for further economic development of Kyrgyzstan. Additionally, the article covers the main problems of the financial market and presents the ways of their solution.

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