Aspects of the Capital Markets’ Development from the CIS Member States and Republic of Moldova

Abstract

Evolution of capital markets is an important process for the all economies, irrespective their degree of development, while the trends emphasized during the last decades marked some common tendencies of evolution. Practically, most of the tendencies manifested on global capital market are also relevant for the securities market of the CIS member states, still, one of them possessing a more relevant character (capital concentration and centralization; regulation and deregulation of capital market; capital market informatization), while the other ones – a lower degree of relevance (ascension of institutional investors on capital market; implementation of financial innovations; capital market integration and international cooperation; compartmentalization of secondary capital market and development of alternative secondary market etc). This article emphasizes some of the tendencies specific for the development of the capital market from the CIS member states and the Republic of Moldova.