Smagin V. Financial market in the transitional economy: patterns of formation and development

The dissertation investigates the theoretical, methodological and practical aspects of the formation, operation and development financial market in transforming economies. In the theoretical aspect of using scientific tools of economic theory, finance theory grounded scientific approaches to the elucidation of the financial market, its structure in view of its features functioning at transforming economy. It was found that it, as a complex system of interconnected structural segments (some markets) in the unity and integrity of financial relations and specific functions. A systematic qualitative composition of financial market players who are participants of market relations in the process of movement of objects market - financial assets. The analysis of the evolutionary development of the financial market during the twentieth century. And examined institutional change as a way to increase financial market civilization and its role in increasing efficiency and growth of modern national production, taking into account the institutional environment. The main problems regarding the potential of financial markets to restore economic growth and welfare of society. A number of measures to improve public policy in the financial market as a component of national strategy for socio-economic reforms.