The New Role of the Capital Market in Russia

Yuri Danilov

Voprosy Ekonomiki, 2003, issue 7

Abstract: The article is devoted to the new role of the capital market in the Russian economy. New qualitative characteristics of the Russian capital market are described, which make it possible to carry out its macroeconomic functions, including the function of transferring savings into investments as a main one. The author analyses the processes, which have lead to this new quality of the capital market. It is affirmed that the сhange of its role has taken place as a result of consequent abandoning and weakening of the restrictions that have been inherent to all participants of the market - investors, issuers and intermediaries.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2003:id:2049

DOI: 10.32609/0042-8736-2003-7-44-56

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