The Kazakhstan-European Union Partnership: Modernization of the Republic's Financial System

Jaroslaw Marczak () and Natalya Uvarova ()
Additional contact information
Jaroslaw Marczak: University of Lodz, Faculty of Economics and Sociology
Natalya Uvarova: Caspian University, Department of Accounting and Audit

DANUBE: Law and Economics Review, 2016, issue 4, 229-241

Abstract: This study examines the issue of the modernization of the Kazakh financial system considering the new, Enhanced Partnership and Cooperation Agreement with the European Union (EU) (January 19, 2015) and the Kazakh State program "Path to Europe, 2009-2011". It describes new opportunities for the establishment of a long-term partnership and cooperation between Kazakhstan and the EU for the restructuring of Kazakhstan's financial system and its convergence with international standards and European regulations. Specifically, this study covers the financial policy and the objectives of the Republic's financial sector management; legislation regulating the financing activity of business entities, particularly its transparency and accessibility to foreign investors; contradictions between the legal framework of the state on financial relations and international standards, European directives, conventions, and recommendations; and the security of financing activities of European companies. This study employs general scientific methods (theoretical analysis and generalization, comparative legal, logical, etc.) and the functional approach.

Keywords: Finance; Financial System; International Standards and EU Directives; Financial Policy; Management; Financial Crisis; Regulation (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.eaco.eu/wp-content/uploads/2016/12/marczak-uvarova.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cmn:journl:y:2016:i:4:p:229-241

Access Statistics for this article

More articles in DANUBE: Law and Economics Review from European Association Comenius - EACO
Bibliographic data for series maintained by Helena Campbelle ().